Real Estate Exam Prep (REEP)

In this episode you will learn the history of federal & state fair housing laws . You’ll be introduced to discriminatory housing practices and exemptions. Also you we will cover the legal requirements for the protection of the disabled.This is your step-by-step Real Estate Exam Prep!

This episode explains the acquisition and transfer of title. It defines voluntary and involuntary alienation. The requirements for a valid conveyance are listed. The different types of deeds are covered. The transfer of a deceased person is also outlined. Lastly, there is a small section on vocabulary. This is your step-by-step Real Estate Exam Prep!

In this episode on leases you will be introduced to various types of leases & their effects on leasehold estates.You’ll also learn how to identify standard lease provisions.This is your step-by-step Real Estate Exam Prep (REEP).

This is the first episode on property valuation. We will cover the basics of appraisals, Broker Price Opinions, the characteristics of value, the different types of value , externalities that influence value and the principles of value. This is your step-by-step Real Estate Exam Prep!

In this episode we will cover financial limitations or liens. There are two types you’ll need to know for the test. They are involuntary and voluntary liens. There either specific or general liens which we will discuss further in the episode. This is your real estate exam prep step-by-step!

There are several types of easements. In this episode we will cover easements appurtenant , easement in gross and party wall easement . You will learn how easements are created and how they are terminated. This is your step-by-step Real Estate Exam Prep.

In this episode you will be introduced to all types of environmental Limitations. Comprehensive Environmental Response compensation & liability act (CERCLA), LUST, MA Oil & hazardous material release prevention & response act, Clean water act, National flood insurance program, Ma wetland protection act , Coastal zones management act, endangered species act & LEED certification. The end of the episode will briefly cover environmental vocabulary. This is your step-by-step Real Estate Exam Prep (REEP)

In his episode you will learn the difference between public and private limitations. Local, state & the federal government strictly regulate private activity. We will cover building codes, zoning ordinances and taxes. The formula to calculate taxes is Annual Tax/(assessed value/1000) ✖️millage rate=1 An example is provided in the episode. This your step-by-step Real Estate Exam Prep!

In this episode you will be introduced to three categories of ownership. 1.Severalty 2.Co-Ownership 3. Trust. Due to the amount of information covered in this episode it’s important to take notes. This is an important topic to understand for the real estate exam and also as an agent in the field. This is your step-by-step real estate exam prep.