Real Estate Exam Prep Guide Blog

Licensed real estate brokers and real estate salespersons are required to follow federal and state real estate laws along with the relevant rules of professional conduct in their jurisdiction. If allegations arise that they have failed to do so, a…

To become a real estate agent, you must pass your state’s official licensure exam. A real estate exam is by no means an easy test. As a reference point, more than half of all applicants fail the California real estate…

A tenancy in partnership is a form of co-ownership in which all partners have an undivided interest in the property, but no rights to transfer their interests outside of the partnership. A partnership is a legal arrangement that can be…

In property law, accession is a method of acquiring property by adding value to other property through labor or new raw materials. Through a property law doctrine known as ‘accession’, ownership of property naturally carries with it the right to…

Typically beginning with the words ‘to have and to hold’, a habendum clause is a contract provision included in a deed or a lease that the defines the property interests and legal rights enjoyed by the grantee/lessee. If you are…

A defeasance clause is a provision in a mortgage agreement that grants the buyer title (the deed) to property after the terms of the loan have been fully satisfied. Real estate transactions are extremely complex. For buyers, there are many…

If you have decided that you want to become a real estate agent, you must complete the requirements set by your state for education and licensing exams. Every state has different requirements for real estate agents, so it is important…

For many people, becoming a real estate agent is a dream job. But it can be difficult to know where to start or how to become a real estate agent in your area. The Real Estate Prep Guide is here…