Episode 110 - Real Estate Exam Questions: Environmental Issues

Going through state exam questions to help real estate students pass their state exam.

Happy Groundhog Day!

NEVER stop learning!

List of recent grads: Angela, Jerry, Charlie, Katelyn, Jennifer, Kelly, Laura, Michelle, Samantha, Ryan, Jessica, Melanie, Jay, Tatiana, Will, Andrea, Raquel, Bailey, Itzel, Chelsea, Dani, Charley, Katelyn, Lisa, Jackie, Diana, Ryan, Kathy, Gabe, Benjamin, Chris, Alexis, Trisha, Terry, Dee, Josh, Terry, Tom, Cassandra, Natalie, Christine, Katie, David, LaTisha, Jason, Shaina, Stephanie, Lee, Hannah, Lauren, Noel, Russ, Beth, Bill, and Jennifer.

Listener messages: Kelly (Minnesota) and Laura (Georgia)

Asbestos

Lead Paint; 1978

Radon

Carbon Monoxide

Formaldehyde

Mold

CERCLA – Comprehensive, Environmental Response, Compensation, and Liability Act

SARA – Superfund Amendment and Reauthorization Act

Inspection: Phase 1, 2, and 3

Exam Questions

Go to www.ahareep.com and sign up for the program for only $35, use discount code: legend15 to save 15% off.

Go to www.indianarealestateinstitute.com for Indiana real estate classes.

A-Ha LINKS 

Email

[email protected]

Web

www.ahareep.com

Facebook

https://www.facebook.com/AHA.REEP

YouTube

https://www.youtube.com/channel/UCrxAjI5Li4Ll3Epwcyc0i6A

Episode 109 - Real Estate Exam Questions: Closing the Transaction

Going through state exam questions to help real estate students pass their state exam.

Happy New Year!

3 Year Anniversary of A-Ha! REEP. YAY!!!

Don’t be entitled in life, in real estate, or with me. Ha ha!!

List of recent grads: Joseph, Alejandro, Madiera, Tylar, Travis, Douglas, Zack, Christi, Alan, Patricia, Devon, Trudy, Rhonda, Wanda, Daniella, Cecilia, Maisy, Lena, Ruth, Melody, Sadie, Ryan, Tomeka, Scott, Christina, Chris, Jessica, Jeffery, and Hayley.

Listener messages: Jeffrey from Indiana and Hayley from Upstate New York

Closing events and types                                                                                        

Conducting the closing

RESPA – Real Estate Settlement and Procedures Act

ABA – Affiliated Business Arrangement

TRID – TILA RESPA Integrated Disclosure rule; Truth in Lending

Loan Estimate and Closing Disclosure forms

Kickbacks, referral fees, and rebates

Debit and Credit

Prepaid and Accrued expense prorations

Banker’s Year vs. Actual calendar days

Math

Transfer stamps, excise tax, revenue stamps, deed tax, etc.

Exam Questions

Go to www.ahareep.com and sign up for the program for only $35, use discount code: legend15 to save 15% off.

Go to www.indianarealestateinstitute.com for Indiana real estate classes.

A-Ha LINKS

Email

[email protected]

Web

www.ahareep.com

Facebook

https://www.facebook.com/AHA.REEP

YouTube

https://www.youtube.com/channel/UCrxAjI5Li4Ll3Epwcyc0i6A

Episode 108 – End of Year Update

Going through state exam questions to help real estate students pass their state exam.

Update on law school finals

Tips on how to study

Suggestions for real world issues in Secured Transactions, Trusts and Estates, and Income Tax

List of recent grads: Latoya, Sandy, Denise, Rachel, Shelby, Michael, Erika, Brittany, James, John, Femi, Dally, Rosalind, Kayla, Lori, Brianna, Reese, Brian, Melissa, Matt, Charles, Jessica, Alyssa, Blessing, Grace, Meranda, Devin, Jeff, Gabriela, Ethan, Eddie, Cole, Heidi, Mark, Leidary, Veronica, Courtney, Kaylen, Zoe, Ruth, Evelyn, Jaquelyn, Dana, Caleb, Connor, Breondra, Kylena, Shelley, Mohammad, Jessica, Delaney, Lacey, Shana, April, Johana, Jaxson, Janie, Lancia, Iris, Tania, Peyton, Sheryl, Kyle, Shawn, Caitlin, Della, Renn, Sem, Kevin, Brooke, Andrea, Danna, Wendy, Joseph, Karigan, Ashia, Jasmine, Martin, Sheldon, Whitney, Denise, Jeff, Justin, Sali, Lynn (happy picture on FB page), and Daniel.

Listener messages from Sandy in New Jersey, Rachael in Washington State, and Denise in Ohio.

Go to www.ahareep.com and sign up for the program for only $35, use discount code: legend15 to save 15% off.

Go to www.indianarealestateinstitute.com for Indiana real estate classes.

A-Ha LINKS

Email

[email protected]

Web

www.ahareep.com

Facebook

https://www.facebook.com/AHA.REEP

YouTube

https://www.youtube.com/channel/UCrxAjI5Li4Ll3Epwcyc0i6A

Episode 107 - Real Estate Exam Questions: Public and Private Land Use Controls

Going through state exam questions to help real estate students pass their state exam.

Happy Thanksgiving! Send me your favorite recipes.

State exam vs. State portion of the State Exam

List of recent grads: Lynn, Ryan, Brittany, Gilbert, Daniel, Christelle, Ralitsa, Mara, Kayla, Martin, Kim, Sally, Paulina, Rachel, Tyler, Johnnie, Julie, Jennifer, Max, Sophia, Crystal, Alexis, Tony, Baylee, Jordan, Jose, Camila, Edna, Hannah, Kim, Monica, Brandon, Alexander, Chelsie, Madeline, Michael, Alvin, Carl, Kari, Jean, Stacy, Diana, Karen, Robert, Sarah, Justin, Julie, Dipali, Katie, Garret, and Tayler.

Listener message from Christie in California

Public vs. Private

P.E.T.E. – Police Power, Eminent Domain, Taxation, and Escheat

Condemnation; Taking; Regulatory taking; Inverse Condemnation

Zoning classifications; density zoning; setbacks; non-conforming use; grandfathered use

Variance vs. Conditional Use Permit

Building Code: permit and certificate of occupancy

Private land use controls: HOA and Covenants, Conditions, and Restrictions (CCRs)

Deed restrictions; contractual agreement

Enforcement through court system.

Zoning vs. Building Code vs. Private Restrictions

Exam Questions

Go to www.ahareep.com and sign up for the program for only $35, use discount code: legend15 to save 15% off.

Go to www.indianarealestateinstitute.com for Indiana real estate classes.

A-Ha LINKS

Email

[email protected]

Web

www.ahareep.com

Facebook

https://www.facebook.com/AHA.REEP

YouTube

https://www.youtube.com/channel/UCrxAjI5Li4Ll3Epwcyc0i6A

Episode 106 - Real Estate Exam Questions: Real Estate Taxes and Liens

Going through state exam questions to help real estate students pass their state exam.

I’m not telling it will be easy. I’m telling you it will be worth it!

List of recent grads: Max, Sophia, Crystal, Alexis, Lori, Alexander, Anthony, Angel, Baylee, Ceasar, Jordan, Jose, Ruperto, Camila, Edna, Vanessa, Emmanuel, Hannah, Kim, Monica, Janie, Raven, Chelsie, Madison, Michael, Angelica, Alvin, Kristina, Samantha, Carl, Kenndey, Evelyn, Connie, Amy, Justin, David, Hilda, Dora, Lindsey, Valerie, Sabrina, Devin, Gerald, Jessica, Carmen, Grace, Haven, Martha, Theresa, Steve, Brianna, Jessie, Aubrey, Katelyn, April, Shelby, Joe, Carly, Diana, Shannon, Tiffany, Sarai, Casey, Jennifer, Amaryllis, Ally, Kamera, Caitlin, Andrew, Liliana and Stephanie.

Listener messages from Liliana and Ally.

Lien defined

VICE: Voluntary, Involuntary, Equitable, or Statutory

General and Specific Liens

Effect and Priority of liens

Real estate taxes and calculations; assessed value, equalization factor

Special assessments

Liens types

Lis pendens

Exam Questions

Go to www.ahareep.com and sign up for the program for only $35, use discount code: legend15 to save 15% off.

Go to www.indianarealestateinstitute.com for Indiana real estate classes.

A-Ha LINKS

Email

[email protected]

Web

www.ahareep.com

Facebook

https://www.facebook.com/AHA.REEP

YouTube

https://www.youtube.com/channel/UCrxAjI5Li4Ll3Epwcyc0i6A

Episode 105 - Real Estate Exam Questions: Appraisal/Valuation Principles and Math

Going through state exam questions to help real estate students pass their state exam.

We are not ONLY in Indiana. We are a nationwide service.

List of recent grads: Carmen, Mosi, Eliana, Addyson, Grace, Haven, Martha, Theresa, Brianna, Jessie, Aubrey, Katelyn, April, Shelby, Joe, Brandon, Aramis, Jada, Jose, Mason, Kylei, Phoebe, Jackie, Amelia, Maite, Selena, Janessa, Sh’Nyah, Mariana, Esmeralda, Lesley, Sav, Tommy, Rebecca, Ihsan, Maddy, John, Ylanerie, Madison, Gretchen, Tiffany, Nicole, Honour, Randi, Kimberly, Amy, Santiago, Dawn, Jessica, Shannon, Rina, Katherine, Amber, Kayleigh, Gabriel, Brian, Ian, Wendy, Lisette, Lisa, Brooke, Jean, Starlynn, Simone, Andrew, Lori, Samantha, and Emma.

Listener messages from Samantha and Emma.

Go to www.brianclee.com for Real Estate Between the Lines podcast

Value – DUST or STUD

Anticipation

Highest and Best Use

Increasing and Diminishing Returns

Regression vs. Progression

Substitution

Sales comparison approach

Cost approach

Income approach

Exam Questions

Go to www.ahareep.com and sign up for the program for only $35, use discount code: legend15 to save 15% off.

Go to www.indianarealestateinstitute.com for Indiana real estate classes.

A-Ha LINKS

Email

[email protected]

Web

www.ahareep.com

Facebook

https://www.facebook.com/AHA.REEP

YouTube

https://www.youtube.com/channel/UCrxAjI5Li4Ll3Epwcyc0i6A

Episode 104 – Podcast Update

Going through state exam questions to help real estate students pass their state exam.

Quick update on the podcast and what I have been up to.

Bookmark www.aharealestateacademy.com for new classes in many other states.

Go to www.ahareep.com and sign up for the program for only $35, use discount code: legendary15 to save 15% off.

Go to www.indianarealestateinstitute.com for Indiana real estate classes.

A-Ha LINKS

Email

[email protected]

Web

www.ahareep.com

Facebook

https://www.facebook.com/AHA.REEP

YouTube

https://www.youtube.com/channel/UCrxAjI5Li4Ll3Epwcyc0i6A

Episode 103 - Real Estate Exam Questions: Real Estate Finance, Lending & Math, Part 2

Going through state exam questions to help real estate students pass their state exam.

01:35 – Thank you for helping me reach 500,000 downloads!!

02:40 – Find you support system to get you through the class, the exam, and your career.

05:55 – List of recent grads: Andrea, Dylan, Matt, Karina, Iris, Ricardo, Yadira, Miracle, Jennifer, Brittany, Antonio, Dominic, Ashley, Kristian, Halie, Rikkel, May, Blanca, Mayra, Chellsea, Marilyn, Leslie, Talia, Max, Danielle, Madelene, Sherry, Brooklyn, Gracelyn, Dar, Lillian, Alexander, Carmen, Tosin, Davonnia, Micah, Maria, Marcus, Lawrence, Bernadine, Fabiola, Ana, Jose, Natasha, Rachel, Alicia, Abby, John, Jason, Brandon, Oliver, Karla, Erin, Ameca, and Scott.

07:40 – Listener Messages from Matt and Karina.

12:05 – Episode Focus: Finance and lending in real estate, part two.

12:45 – Primary versus Secondary mortgage market.

15:40 – Loan to Value; LTV; loan and downpayment.

23:40 – Private Mortgage Insurance (PMI) and Mortgage Insurance Premium (MIP); Homeowner’s Protection Act of 1998; Conventional loan; loan amount higher than 80% or downpayment lower than 20%.

27:25 – FHA and VA loans; insured versus guaranteed loans.

30:10 – Loan types: straight loan, adjustable-rate mortgage (ARM; index, margin, and rate caps), balloon loan, reverse mortgage, package loan, blanket loan, wraparound loan, home equity loan (HELOC), bridge loan, and buydown mortgage.

53:20 – Truth In Lending Act (TILA) and Regulation Z; applies only to residential loans; annual percentage rate (APR), three day right of recission; advertising; trigger terms.

1:04:10 – Reach out to me if you are seeing questions about credit scoring and/or loan underwriting.

1:05:15 - Exam questions

1:26:45 – July’s episode is all about appraisal and valuation; income approach, and other appraisal terms you will need to know to pass the real estate exam.

Go to www.ahareep.com and sign up for the program for only $35, use discount code: legendary15 to save 15% off.

Go to www.indianarealestateinstitute.com for Indiana real estate classes.

A-Ha LINKS

Email

[email protected]

Web

www.ahareep.com

Facebook

https://www.facebook.com/AHA.REEP

YouTube

https://www.youtube.com/channel/UCrxAjI5Li4Ll3Epwcyc0i6A

Episode 102 - Real Estate Exam Questions: Real Estate Finance, Lending & Math, Part 1

Going through state exam questions to help real estate students pass their state exam.

02:05 – B’s Message: Making mistakes is better than faking perfection.

06:30 – List of recent grads: Andrea, Joyce, Lynn, Adrienne, Abigail, Jessica, Angela, Sara, Marquita, Kimmy, Bruno, Eric, Jennifer, Rina, Daisy, Sabrina, Shauna, Marie, Anne, Renae, Staci, Samantha, Joey, Steven, Barbara, Tina, Elizabeth, Karen, Ashley, Lewis, Veronica, Adam, Delaney, Dianna, Claudia, Bryant, Perry, Melissa, Sheila, Tina, Frank, Lane, Daniel, and Jade.

08:30 – Listener Message from Andrea

12:20 – Episode Focus: Finance and lending in real estate, part one. Part two will come out in June.

14:00 – PITI payment; Principal, Interest, Taxes, and Insurance.

18:15 – DTI; Debt to Income ratio.

21:35 – Promissory note; IOU; contract between the borrower and the lender.

24:10 – Mortgage – verb and noun (lien); hypothecation; mortgagor and mortgagee; lien theory versus title (trust) theory.

31:55 – Interest payments; Formula: Loan amount x Periodic Interest Rate = Periodic Interest Payment; interest rate is almost always expressed as an annual rate.

37:40 – Discount point; increases yield to lender; reduces interest rate paid by borrower; value of a discount point; Formula: Loan Amount x Discount Point (as a percent) = Cost of Discount Point.

46:55 – Mortgage clauses: acceleration clause, defeasance clause (satisfaction of mortgage), and alienation clause.

52:15 – Foreclosure: judicial versus non-judicial; deed in lieu of foreclosure; short sale; redemption (equitable right versus statutory right); deficiency judgement.

1:00:25 – Exam questions

1:34:20 – June episode is part 2; LTV (loan to value), loan types, and governmental regulations (RESPA and TILA).

Go to www.ahareep.com and sign up for the program for only $35, use discount code: legendary15 to save 15% off.

Go to www.indianarealestateinstitute.com for Indiana real estate classes.

A-Ha LINKS

Email

[email protected]

Web

www.ahareep.com

Facebook

https://www.facebook.com/AHA.REEP

YouTube

https://www.youtube.com/channel/UCrxAjI5Li4Ll3Epwcyc0i6A

Episode 101 - Real Estate Exam Questions: Fair Housing

Going through state exam questions to help real estate students pass their state exam.

03:00 – Message of kindness and respect. Open your mind!

09:50 – List of recent grads: Brandon, Elmer, Bronda, Cindy, Layton, Maxwell, Dillon, Philip, Alayna, Michael, Angela, Cullen, Avery, Barrett, Nanticia, Kyle, Raven, Whitney, Milan, Mandy, Albert, Halim, Janice, Alisia, Claudia, April, Janeva, Martina, Abbey, Ella, Isaiah, Betty, Dana, Juston, Darian, Jennifer, Conner, Richard, Zaria, Ruth, Dajon, Rhonda, Michelle, Morgan, and Kasandra.

11:05 – Message from Brandon.

12:50 – Episode Focus: Fair housing

13:30 – Know the years; Civil Rights Act of 1866; only race was the protected class.

14:35 – Fair Housing Act; Title 8 (VIII) of 1968; race, color, national origin, and religion.

16:10 – Sex/Gender added in 1974; Familial status and disability were added in 1988. Sexual orientation is not a federal protected class.

17:30 – Familial status defined.

19:35 – Disability: physical and mental

21:30 - Reasonable accommodations

23:50 – Security deposit issues.

27:10 – Service animals and how tenant selection and security deposits work.

30:20 – Exceptions to fair housing laws. Discriminatory advertising. Race is NEVER an exception to the fair housing laws.

35:40 – ADA; American with Disabilities Act; workplace, commercial, industrial, retail, and office spaces. 15 or more employees.

37:05 – Fair housing practices: Blockbusting, Steering, and Advertising.

41:35 – Lender issues and fair housing; ECOA (Equal Credit Opportunity Act); added marital status, age, and reliance upon public assistance as protected classes.

44:25 – Redlining.

45:20 – Enforcement is through the Department of Housing and Urban Development (HUD); unless complaint is based upon race, then the complaint goes directly to federal courts.

46:50 – These are the general, federal rules on fair housing. There is more to the federal, state, and local laws. Watch for the distinctions on your questions.

48:40 – Exam questions

1:12:35 – May and June episodes will be a two-part series on lending principles, practices, and math. So much content to cover, I had to split it into two shows. Come back for more to help you pass the real estate exam.

Go to www.ahareep.com and sign up for the program for only $35, use discount code: legendary15 to save 15% off.

Go to www.indianarealestateinstitute.com for Indiana real estate classes.

A-Ha LINKS

Email

[email protected]

Web

www.ahareep.com

Facebook

https://www.facebook.com/AHA.REEP

YouTube

https://www.youtube.com/channel/UCrxAjI5Li4Ll3Epwcyc0i6A