Real Estate Exam Lessons for the Audio Learner

Here is the Florida Real Estate Salesperson Exam Lesson 5 Here is a free lesson for the Florida Real Estate Salesperson Exam Lesson 5. The full series of lessons is available at the Website https://www.reexampodcast.com

Here is the Florida Real Estate Salesperson Exam Lesson 4 Here is a free lesson for the Florida Real Estate Salesperson Exam Lesson 4. The full series of lessons is available at the Website https://www.reexampodcast.com

Here is the Florida Real Estate Salesperson Exam Lesson 3 Here is a free lesson for the Florida Real Estate Salesperson Exam Lesson 3. The full series of lessons is available at the Website https://www.reexampodcast.com

Here is the Florida Real Estate Salesperson Exam Lesson 2 Here is a free lesson for the Florida Real Estate Salesperson Exam Lesson 2. The full series of lessons is available at the Website https://www.reexampodcast.com

Here is the 2021 Arizona Real Estate Salesperson Exam Lesson 5: Real Estate Economics 2021 Arizona Real Estate Salesperson Exam Lesson 5: Real Estate Economics Here is a free lesson for the 2021 Arizona Real Estate Salesperson Exam Lesson 5 . The full series of lessons is available at the Website https://www.reexampodcast.com Real Estate Economics Supply = how much of a product or service is available Demand = how much of a product people want If supply increases, price decreases. If demand increases, price increases. Market equilibrium: when supply and demand are balanced. Economic Characteristics of Real Estate • It is governed by supply, demand. • It has durability • Heterogeneity • High Transaction costs • Long time delays • Both an investment good and an consumption good. • Immobility • It has inherent value • It has unique appeal • It is illiquid • It has a slow response to cycles • The market is decentralized • Depreciation vs. Appreciation • Strait-Line (Cost - salvage value)/Useful life • Double Declining Balance = Beginning book value x Rate of depreciation • Units of Production (Not used in real estate) • Sum of Years Digits (Remaining life/Sum of the year’s digits) x (Cost - Salvage Value) • Demographics affect demand. • Types of demographics • Population size/growth • Family size • Age and Family makeup • Death rates • Marriage and Divorce rates • Housing supply is produced using land, labor, and materials. The supply is determined by the cost of those materials, the price of existing houses, and the technology that produces them.  

Here is the 2021 Arizona Real Estate Salesperson Exam Lesson 4: Property Descriptions 2021 Arizona Real Estate Salesperson Exam Lesson 4: Property Descriptions Here is a free lesson for the 2021 Arizona Real Estate Salesperson Exam Lesson 4: Property Descriptions. The full series of lessons is available at the Website https://www.reexampodcast.com Property Descriptions Common Ways of Describing Property • Addresses (123 Main Street) • Names (Grand Central Station) Legal descriptions are needed for legal documents. An address is not enough by itself. Addresses can be inexact and subject to change. Legal descriptions accurately identify and locate a parcel within the boundaries of a state. Reasons for Legal Description • Public recording • Creating a deed for conveyance or lease • Completing mortgage documents • Executing and recording other legal documents • Methods of Description • Metes and Bounds method: Uses landmarks, directions and angles to define the boundaries of an area. Starts at the POB = the point of beginning. It has to return to the POB in order to be valid. • Metes = distance and direction, Bounds = fixed reference points, natural monuments and landmarks. These can be natural or artificial, such as rocks, plants, rivers, lakes, or artificial survey stakes. • It begins with identifying the city, county and state, and then it gives the POB and describes the distance and direction to the first monument and then the next and the next until you return to the POB. • Rectangular Survey System: A traditional method that uses natural materials. Uses a grid system. • Works best for square or rectangular parcels of land. Land can be described in fractions of sections (halves, thirds, eights, quarters) • If land is in a different irregular shape, you have to couple this with another method of legal description. • Meridians = north/south lines • The principal meridian is the starting point. • The north/south area between meridians is called a range. (6 miles wide) • Parallels = east/west lines • The base parallel is the starting point. • The east-west area between two parallels is known as a tier or township strip. (6 miles wide) • Township = 6 miles by 6 miles • Section = 1 square mile in a township, equal to 640 acres Lot and Block/Recorded Platt: Using a map with subdivisions where each plot is numbered. • Can describe residential, commercial, and industrial subdivisions. • Surveyors survey blocks and create a map. They designate the size and location of each lot and block. This is presented to local authorities, who must approve or reject it. It is then recorded by the county recorder and can be used for reference. Datums are used to describe elevation in property. • These are needed when talking about air and subsurface rights or property with multiple floors. • The starting point is sea level at New York Harbor. • To make things easier, some surveyors use local benchmarks instead.  

Here is the 2021 Arizona Real Estate Salesperson Exam Lesson 3: Types of Property and Land Use 2021 Arizona Real Estate Salesperson Exam Lesson 3: Types of Property and Land Use Here is a free lesson for the 2021 Arizona Real Estate Salesperson Exam Lesson 3: Types of Property and Land Use. The full series of lessons is available at the Website https://www.reexampodcast.com Types of Property and Land Use Land = the surface of the earth, everything below the earth and all natural things permanently attached to the earth and all things in the air above it. Real Estate = land + all man-made structures that are permanently attached to the land, also known as improvements. Real Property = Real estate + the bundle of rights that come with the property. Personal Property = non-permanent possessions that are not real estate. Can be tangible or intangible. Fixtures are personal property attached permanently to the land. • Playground equipment • Pools • Fences An RV is still personal property. Rights: • Ownership/Possession • Use • Encumbrance • Exclusion • Destruction • Transfer (sell, rent, donate, assign, bequeath) • Suface rights • Subsurface rights • Riparian water rights • Littoral water rights • Air rights Emblements are growing plants that are on a property. They are considered personal property. Physical Characteristics of Land: • Immobility • Indestructibility • Non-homogeneity Economic Characteristics of Land: • Scarcity • Improvements • Permanence • Situs • Highest and best use Master Plan = long term growth plan Types of Zones • Residential • Commercial • Industrial • Agricultural • Public • Special use Exceptions • Nonconforming use • Variances • Special exceptions • Amendments  

Here is the Arizona Real Estate Salesperson Exam Lesson 2: The Standard of Care Arizona Real Estate Salesperson Exam Lesson 2: The Standard of Care Here is a free lesson for the Arizona Real Estate Salesperson Exam Lesson 2: The Standard of Care. The full series of lessons is available at the Website   https://www.reexampodcast.com Acting up to the professional standard of a licensed real estate professional. Falling below this can cause you to be sued for negligence. What is considered reasonable care will wary based on the circumstances. If an issue is beyond your own expertise, you should refer a client to another professional. • Broker’s Activities • Marketing properties • Locating properties for buyers • Preparing purchase contracts • Negotiating with other parties • Answering questions and providing info • Coordinating inspections • Investigating your area of business and learning about it. • Only receiving commissions/not passing on other expenses to the buyer or seller. • Informing the client of his or her options when presented with multiple offers. Real estate brokers and salesperson have a unique power in Arizona. They are allowed by a constitutional amendment to a limited practice of law in order to draft purchase contracts and other documents for the transfer of real property. This is not allowed in many other states. Prohibited Activities • Misrepresentation • Making false promises • Acting negligently • Demonstrating a basic lack of skill • Acted as a blind dual agent • Substituting contracts for personal gain • False advertising • Violating fair housing laws • Discrimination • Incomplete records • Co-mingling funds • Lied on the application • Employing an unlicensed person • Unlicensed commissions • Not notifying the ADRE of convictions within 10 days

Here is the Arizona Real Estate Salesperson Exam Lesson 1 Introduction Arizona Real Estate Salesperson Exam Lesson 1 Introduction Here is a free lesson for the Arizona Real Estate Salesperson Exam Lesson 1. The full series of lessons is available at the Website   https://www.reexampodcast.com Arizona Real Estate Professional Organizations Arizona Association of Realtors For real estate brokers and agents, and others in the real estate industry in AZ. Involved in education, government, professional standards, and getting real estate to the public. Creates contracts and forms to help with real estate transactions. It is made up of an executive board with a bunch of volunteer committees. Legislative and Political Affairs Committee (LPA) = protects private property rights, works with government, motivates members to civic actions. Rick Management Committee (RMC) Oversees form creation, the mediation program, legal hotline administration, arbitration. Services and Technology Committee (BST) Supports member communication, conducts surveys and research, support for computer application, such as eSign Professional and Business Development Committee (PBD), prepares tools to help members perform at a high professional level. The Arizona Department of Real Estate (ADRE) = oversees licensure and regulation in the state. All real estate professionals need to be licensed through the ADRE. No one can be paid for real estate activities without a license. Paid Activities: • Sell, exchange, purchase, rent, or lease real estate. • Offer to sell, exchange, purchase, rent, or lease real estate or timeshares. • Listing real estate • Auction real estate • Collecting rent • Advertising real estate • Negotiating real estate contracts Obtaining a Salesperson’s License • The person must have good character. • Has not had a real estate license denied within the past year or revoked within the past two years. • The person must be 18 years old. • The person has completed 90 hours of pre-licensure education. • The person has completed the real estate exam. • The person has taken a six-hour continuing education course in contracts Law and Contract Writing. Obtaining a Broker’s License • The person must have three years of actual experience as a real estate professional within the last five years. • The person must take another, more intensive exam. Renewing a License • The person must submit for renewal every two years. • 24 hours of continuing education for salespeople • 30 hours of continuing education for brokers Unlicensed Assistants • This person assists a licensed person to do certain activities under his or her supervision, such as: • Running personal errands. • Clerical/admin tasks • Preparing marketing materials • Data entry • Delivering documents • Making and confirming appointments  

Here is the Florida Real Estate Salesperson Exam Lesson 1 Here is a free lesson for the Florida Real Estate Salesperson Exam Lesson 1. The full series of lessons is available at the Website https://www.reexampodcast.com

Here is the California Real Estate Salesperson Exam Lesson 5 Here is a free lesson for the California Real Estate Salesperson Exam Lesson 5. The full series of lessons is available at the Website https://www.reexampodcast.com

Here is the California Real Estate Salesperson Exam Lesson 4 Here is a free lesson for the California Real Estate Salesperson Exam Lesson 4. The full series of lessons is available at the Website https://www.reexampodcast.com

Here is the California Real Estate Salesperson Exam Lesson 3 Here is a free lesson for the California Real Estate Salesperson Exam Lesson 3. The full series of lessons is available at the Website https://www.reexampodcast.com

Here is the California Real Estate Salesperson Exam lesson 2 Here is a free lesson for the California Real Estate Salesperson Exam Lesson 2. The full series of lessons is available at the Website https://www.reexampodcast.com

Here is  the California Real Estate Salesperson Exam lesson 1 Here is a free lesson for the California Real Estate Salesperson Exam Lesson 1.  The full series of lessons is available at the Website https://www.reexampodcast.com

Ohio Real Estate Salesperson Exam Lesson 20 This is the 20th sample lessons that we will be sharing with you which will help you prepare for the Ohio real estate salesperson exam. These Ohio real estate salesperson exam lessons are meant to be a supplement and not a substitute for classroom learning or other requirements of the Ohio real estate department for licensure. The Full Table of contents may be found HERE Ohio Real Estate Salesperson Exam Lesson 20 Real Estate Licensing in Ohio Real Estate Broker = undertakes real estate business on behalf of another for a fee. Real Estate Salesperson = also known as an agent. Has to work for someone else. Eligibility in Ohio • 18 years old or older • Must have a high school diploma or equivalent • 120 hours of accredited instruction (40 hours of Real Estate Practices, 40 hours of Ohio Real Estate Law, 20 hours of Real Estate Appraisal and 20 hours of Real Estate finance.) • Pass the real estate exam. Passing score is 70 percent. There are both national and state specific questions on the test. All questions are multiple choice. 120 minutes are given for the national portion of the test and 60 minutes for the state portion. Most of the time, it is administered on a computer. • Must be sponsored by a broker. • Pay the application fee. Post-Licensing Requirements • Within a year, 10 additional hours of real estate education • If not completed with 12 months, the license is suspended. Broker’s License • Have to have worked as a salesperson or broker for two years • At least 30 hours per week for two out of the five previous years. • Has completed at least 20 real estate transactions. Renewing a License • Licenses are valid for three years at a time. • 30 hours of continuing education are required for relicensurc. • Failure to renew will result in suspension. Broker Requirements • Must have a physical place of business that is registered with the Superintendent. • Must notify the Superintendent of any changes in location, etc. • Must notify the Superintendent of all of the agents who are employed there and any staffing changes. • Must display their license in a public space in their office so that it is clearly visible. • Must avoid any misleading or discriminatory advertising.     If you are looking for other Real Estate audio Lessons we have them for: California Georgia Florida Texas Virginia

Ohio Real Estate Salesperson Exam Lesson 19 This is the 19th sample lessons that we will be sharing with you which will help you prepare for the Ohio real estate salesperson exam. These Ohio real estate salesperson exam lessons are meant to be a supplement and not a substitute for classroom learning or other requirements of the Ohio real estate department for licensure. The Full Table of contents may be found HERE Ohio Real Estate Salesperson Exam Lesson 19 Real Estate Licensing in Ohio Real Estate Broker = undertakes real estate business on behalf of another for a fee. Real Estate Salesperson = also known as an agent. Has to work for someone else. Eligibility in Ohio • 18 years old or older • Must have a high school diploma or equivalent • 120 hours of accredited instruction (40 hours of Real Estate Practices, 40 hours of Ohio Real Estate Law, 20 hours of Real Estate Appraisal and 20 hours of Real Estate finance.) • Pass the real estate exam. Passing score is 70 percent. There are both national and state specific questions on the test. All questions are multiple choice. 120 minutes are given for the national portion of the test and 60 minutes for the state portion. Most of the time, it is administered on a computer. • Must be sponsored by a broker. • Pay the application fee. Post-Licensing Requirements • Within a year, 10 additional hours of real estate education • If not completed with 12 months, the license is suspended. Broker’s License • Have to have worked as a salesperson or broker for two years • At least 30 hours per week for two out of the five previous years. • Has completed at least 20 real estate transactions. Renewing a License • Licenses are valid for three years at a time. • 30 hours of continuing education are required for relicensurc. • Failure to renew will result in suspension. Broker Requirements • Must have a physical place of business that is registered with the Superintendent. • Must notify the Superintendent of any changes in location, etc. • Must notify the Superintendent of all of the agents who are employed there and any staffing changes. • Must display their license in a public space in their office so that it is clearly visible. • Must avoid any misleading or discriminatory advertising.     If you are looking for other Real Estate audio Lessons we have them for: California Georgia Florida Texas Virginia

Ohio Real Estate Salesperson Exam Lesson 18 This is the 18th sample lessons that we will be sharing with you which will help you prepare for the Ohio real estate salesperson exam. These Ohio real estate salesperson exam lessons are meant to be a supplement and not a substitute for classroom learning or other requirements of the Ohio real estate department for licensure. The Full Table of contents may be found HERE Ohio Real Estate Salesperson Exam Lesson 18 Real Estate Licensing in Ohio Real Estate Broker = undertakes real estate business on behalf of another for a fee. Real Estate Salesperson = also known as an agent. Has to work for someone else. Eligibility in Ohio • 18 years old or older • Must have a high school diploma or equivalent • 120 hours of accredited instruction (40 hours of Real Estate Practices, 40 hours of Ohio Real Estate Law, 20 hours of Real Estate Appraisal and 20 hours of Real Estate finance.) • Pass the real estate exam. Passing score is 70 percent. There are both national and state specific questions on the test. All questions are multiple choice. 120 minutes are given for the national portion of the test and 60 minutes for the state portion. Most of the time, it is administered on a computer. • Must be sponsored by a broker. • Pay the application fee. Post-Licensing Requirements • Within a year, 10 additional hours of real estate education • If not completed with 12 months, the license is suspended. Broker’s License • Have to have worked as a salesperson or broker for two years • At least 30 hours per week for two out of the five previous years. • Has completed at least 20 real estate transactions. Renewing a License • Licenses are valid for three years at a time. • 30 hours of continuing education are required for relicensurc. • Failure to renew will result in suspension. Broker Requirements • Must have a physical place of business that is registered with the Superintendent. • Must notify the Superintendent of any changes in location, etc. • Must notify the Superintendent of all of the agents who are employed there and any staffing changes. • Must display their license in a public space in their office so that it is clearly visible. • Must avoid any misleading or discriminatory advertising.     If you are looking for other Real Estate audio Lessons we have them for: California Georgia Florida Texas Virginia

Ohio Real Estate Salesperson Exam Lesson 17 This is the 17th sample lessons that we will be sharing with you which will help you prepare for the Ohio real estate salesperson exam. These Ohio real estate salesperson exam lessons are meant to be a supplement and not a substitute for classroom learning or other requirements of the Ohio real estate department for licensure. The Full Table of contents may be found HERE Ohio Real Estate Salesperson Exam Lesson 17 Real Estate Licensing in Ohio Real Estate Broker = undertakes real estate business on behalf of another for a fee. Real Estate Salesperson = also known as an agent. Has to work for someone else. Eligibility in Ohio • 18 years old or older • Must have a high school diploma or equivalent • 120 hours of accredited instruction (40 hours of Real Estate Practices, 40 hours of Ohio Real Estate Law, 20 hours of Real Estate Appraisal and 20 hours of Real Estate finance.) • Pass the real estate exam. Passing score is 70 percent. There are both national and state specific questions on the test. All questions are multiple choice. 120 minutes are given for the national portion of the test and 60 minutes for the state portion. Most of the time, it is administered on a computer. • Must be sponsored by a broker. • Pay the application fee. Post-Licensing Requirements • Within a year, 10 additional hours of real estate education • If not completed with 12 months, the license is suspended. Broker’s License • Have to have worked as a salesperson or broker for two years • At least 30 hours per week for two out of the five previous years. • Has completed at least 20 real estate transactions. Renewing a License • Licenses are valid for three years at a time. • 30 hours of continuing education are required for relicensurc. • Failure to renew will result in suspension. Broker Requirements • Must have a physical place of business that is registered with the Superintendent. • Must notify the Superintendent of any changes in location, etc. • Must notify the Superintendent of all of the agents who are employed there and any staffing changes. • Must display their license in a public space in their office so that it is clearly visible. • Must avoid any misleading or discriminatory advertising.     If you are looking for other Real Estate audio Lessons we have them for: California Georgia Florida Texas Virginia

Ohio Real Estate Salesperson Exam Lesson 16 This is the 16th sample lessons that we will be sharing with you which will help you prepare for the Ohio real estate salesperson exam. These Ohio real estate salesperson exam lessons are meant to be a supplement and not a substitute for classroom learning or other requirements of the Ohio real estate department for licensure. The Full Table of contents may be found HERE Ohio Real Estate Salesperson Exam Lesson 16 Real Estate Licensing in Ohio Real Estate Broker = undertakes real estate business on behalf of another for a fee. Real Estate Salesperson = also known as an agent. Has to work for someone else. Eligibility in Ohio • 18 years old or older • Must have a high school diploma or equivalent • 120 hours of accredited instruction (40 hours of Real Estate Practices, 40 hours of Ohio Real Estate Law, 20 hours of Real Estate Appraisal and 20 hours of Real Estate finance.) • Pass the real estate exam. Passing score is 70 percent. There are both national and state specific questions on the test. All questions are multiple choice. 120 minutes are given for the national portion of the test and 60 minutes for the state portion. Most of the time, it is administered on a computer. • Must be sponsored by a broker. • Pay the application fee. Post-Licensing Requirements • Within a year, 10 additional hours of real estate education • If not completed with 12 months, the license is suspended. Broker’s License • Have to have worked as a salesperson or broker for two years • At least 30 hours per week for two out of the five previous years. • Has completed at least 20 real estate transactions. Renewing a License • Licenses are valid for three years at a time. • 30 hours of continuing education are required for relicensurc. • Failure to renew will result in suspension. Broker Requirements • Must have a physical place of business that is registered with the Superintendent. • Must notify the Superintendent of any changes in location, etc. • Must notify the Superintendent of all of the agents who are employed there and any staffing changes. • Must display their license in a public space in their office so that it is clearly visible. • Must avoid any misleading or discriminatory advertising.     If you are looking for other Real Estate audio Lessons we have them for: California Georgia Florida Texas Virginia

Ohio Real Estate Salesperson Exam Lesson 15 This is the 15th sample lessons that we will be sharing with you which will help you prepare for the Ohio real estate salesperson exam. These Ohio real estate salesperson exam lessons are meant to be a supplement and not a substitute for classroom learning or other requirements of the Ohio real estate department for licensure. The Full Table of contents may be found HERE Ohio Real Estate Salesperson Exam Lesson 15 Real Estate Licensing in Ohio Real Estate Broker = undertakes real estate business on behalf of another for a fee. Real Estate Salesperson = also known as an agent. Has to work for someone else. Eligibility in Ohio • 18 years old or older • Must have a high school diploma or equivalent • 120 hours of accredited instruction (40 hours of Real Estate Practices, 40 hours of Ohio Real Estate Law, 20 hours of Real Estate Appraisal and 20 hours of Real Estate finance.) • Pass the real estate exam. Passing score is 70 percent. There are both national and state specific questions on the test. All questions are multiple choice. 120 minutes are given for the national portion of the test and 60 minutes for the state portion. Most of the time, it is administered on a computer. • Must be sponsored by a broker. • Pay the application fee. Post-Licensing Requirements • Within a year, 10 additional hours of real estate education • If not completed with 12 months, the license is suspended. Broker’s License • Have to have worked as a salesperson or broker for two years • At least 30 hours per week for two out of the five previous years. • Has completed at least 20 real estate transactions. Renewing a License • Licenses are valid for three years at a time. • 30 hours of continuing education are required for relicensurc. • Failure to renew will result in suspension. Broker Requirements • Must have a physical place of business that is registered with the Superintendent. • Must notify the Superintendent of any changes in location, etc. • Must notify the Superintendent of all of the agents who are employed there and any staffing changes. • Must display their license in a public space in their office so that it is clearly visible. • Must avoid any misleading or discriminatory advertising.     If you are looking for other Real Estate audio Lessons we have them for: California Georgia Florida Texas Virginia

Ohio Real Estate Salesperson Exam Lesson 14 This is the 14th sample lessons that we will be sharing with you which will help you prepare for the Ohio real estate salesperson exam. These Ohio real estate salesperson exam lessons are meant to be a supplement and not a substitute for classroom learning or other requirements of the Ohio real estate department for licensure. The Full Table of contents may be found HERE Ohio Real Estate Salesperson Exam Lesson 14 Real Estate Licensing in Ohio Real Estate Broker = undertakes real estate business on behalf of another for a fee. Real Estate Salesperson = also known as an agent. Has to work for someone else. Eligibility in Ohio • 18 years old or older • Must have a high school diploma or equivalent • 120 hours of accredited instruction (40 hours of Real Estate Practices, 40 hours of Ohio Real Estate Law, 20 hours of Real Estate Appraisal and 20 hours of Real Estate finance.) • Pass the real estate exam. Passing score is 70 percent. There are both national and state specific questions on the test. All questions are multiple choice. 120 minutes are given for the national portion of the test and 60 minutes for the state portion. Most of the time, it is administered on a computer. • Must be sponsored by a broker. • Pay the application fee. Post-Licensing Requirements • Within a year, 10 additional hours of real estate education • If not completed with 12 months, the license is suspended. Broker’s License • Have to have worked as a salesperson or broker for two years • At least 30 hours per week for two out of the five previous years. • Has completed at least 20 real estate transactions. Renewing a License • Licenses are valid for three years at a time. • 30 hours of continuing education are required for relicensurc. • Failure to renew will result in suspension. Broker Requirements • Must have a physical place of business that is registered with the Superintendent. • Must notify the Superintendent of any changes in location, etc. • Must notify the Superintendent of all of the agents who are employed there and any staffing changes. • Must display their license in a public space in their office so that it is clearly visible. • Must avoid any misleading or discriminatory advertising.     If you are looking for other Real Estate audio Lessons we have them for: California Georgia Florida Texas Virginia

Ohio Real Estate Salesperson Exam Lesson 13 This is the 13th sample lessons that we will be sharing with you which will help you prepare for the Ohio real estate salesperson exam. These Ohio real estate salesperson exam lessons are meant to be a supplement and not a substitute for classroom learning or other requirements of the Ohio real estate department for licensure. The Full Table of contents may be found HERE Ohio Real Estate Salesperson Exam Lesson 13 Real Estate Licensing in Ohio Real Estate Broker = undertakes real estate business on behalf of another for a fee. Real Estate Salesperson = also known as an agent. Has to work for someone else. Eligibility in Ohio • 18 years old or older • Must have a high school diploma or equivalent • 120 hours of accredited instruction (40 hours of Real Estate Practices, 40 hours of Ohio Real Estate Law, 20 hours of Real Estate Appraisal and 20 hours of Real Estate finance.) • Pass the real estate exam. Passing score is 70 percent. There are both national and state specific questions on the test. All questions are multiple choice. 120 minutes are given for the national portion of the test and 60 minutes for the state portion. Most of the time, it is administered on a computer. • Must be sponsored by a broker. • Pay the application fee. Post-Licensing Requirements • Within a year, 10 additional hours of real estate education • If not completed with 12 months, the license is suspended. Broker’s License • Have to have worked as a salesperson or broker for two years • At least 30 hours per week for two out of the five previous years. • Has completed at least 20 real estate transactions. Renewing a License • Licenses are valid for three years at a time. • 30 hours of continuing education are required for relicensurc. • Failure to renew will result in suspension. Broker Requirements • Must have a physical place of business that is registered with the Superintendent. • Must notify the Superintendent of any changes in location, etc. • Must notify the Superintendent of all of the agents who are employed there and any staffing changes. • Must display their license in a public space in their office so that it is clearly visible. • Must avoid any misleading or discriminatory advertising.     If you are looking for other Real Estate audio Lessons we have them for: California Georgia Florida Texas Virginia

Ohio Real Estate Salesperson Exam Lesson 12 This is the 12th sample lessons that we will be sharing with you which will help you prepare for the Ohio real estate salesperson exam. These Ohio real estate salesperson exam lessons are meant to be a supplement and not a substitute for classroom learning or other requirements of the Ohio real estate department for licensure. The Full Table of contents may be found HERE Ohio Real Estate Salesperson Exam Lesson 12 Real Estate Licensing in Ohio Real Estate Broker = undertakes real estate business on behalf of another for a fee. Real Estate Salesperson = also known as an agent. Has to work for someone else. Eligibility in Ohio • 18 years old or older • Must have a high school diploma or equivalent • 120 hours of accredited instruction (40 hours of Real Estate Practices, 40 hours of Ohio Real Estate Law, 20 hours of Real Estate Appraisal and 20 hours of Real Estate finance.) • Pass the real estate exam. Passing score is 70 percent. There are both national and state specific questions on the test. All questions are multiple choice. 120 minutes are given for the national portion of the test and 60 minutes for the state portion. Most of the time, it is administered on a computer. • Must be sponsored by a broker. • Pay the application fee. Post-Licensing Requirements • Within a year, 10 additional hours of real estate education • If not completed with 12 months, the license is suspended. Broker’s License • Have to have worked as a salesperson or broker for two years • At least 30 hours per week for two out of the five previous years. • Has completed at least 20 real estate transactions. Renewing a License • Licenses are valid for three years at a time. • 30 hours of continuing education are required for relicensurc. • Failure to renew will result in suspension. Broker Requirements • Must have a physical place of business that is registered with the Superintendent. • Must notify the Superintendent of any changes in location, etc. • Must notify the Superintendent of all of the agents who are employed there and any staffing changes. • Must display their license in a public space in their office so that it is clearly visible. • Must avoid any misleading or discriminatory advertising.     If you are looking for other Real Estate audio Lessons we have them for: California Georgia Florida Texas Virginia

Ohio Real Estate Salesperson Exam Lesson 11 This is the 11th sample lessons that we will be sharing with you which will help you prepare for the Ohio real estate salesperson exam. These Ohio real estate salesperson exam lessons are meant to be a supplement and not a substitute for classroom learning or other requirements of the Ohio real estate department for licensure. The Full Table of contents may be found HERE Ohio Real Estate Salesperson Exam Lesson 11 Real Estate Licensing in Ohio Real Estate Broker = undertakes real estate business on behalf of another for a fee. Real Estate Salesperson = also known as an agent. Has to work for someone else. Eligibility in Ohio • 18 years old or older • Must have a high school diploma or equivalent • 120 hours of accredited instruction (40 hours of Real Estate Practices, 40 hours of Ohio Real Estate Law, 20 hours of Real Estate Appraisal and 20 hours of Real Estate finance.) • Pass the real estate exam. Passing score is 70 percent. There are both national and state specific questions on the test. All questions are multiple choice. 120 minutes are given for the national portion of the test and 60 minutes for the state portion. Most of the time, it is administered on a computer. • Must be sponsored by a broker. • Pay the application fee. Post-Licensing Requirements • Within a year, 10 additional hours of real estate education • If not completed with 12 months, the license is suspended. Broker’s License • Have to have worked as a salesperson or broker for two years • At least 30 hours per week for two out of the five previous years. • Has completed at least 20 real estate transactions. Renewing a License • Licenses are valid for three years at a time. • 30 hours of continuing education are required for relicensurc. • Failure to renew will result in suspension. Broker Requirements • Must have a physical place of business that is registered with the Superintendent. • Must notify the Superintendent of any changes in location, etc. • Must notify the Superintendent of all of the agents who are employed there and any staffing changes. • Must display their license in a public space in their office so that it is clearly visible. • Must avoid any misleading or discriminatory advertising.     If you are looking for other Real Estate audio Lessons we have them for: California Georgia Florida Texas Virginia

Ohio Real Estate Salesperson Exam Lesson 8 This is the 8th sample lessons that we will be sharing with you which will help you prepare for the Ohio real estate salesperson exam. These Ohio real estate salesperson exam lessons are meant to be a supplement and not a substitute for classroom learning or other requirements of the Ohio real estate department for licensure. The Full Table of contents may be found HERE Ohio Real Estate Salesperson Exam Lesson 8 Real Estate Licensing in Ohio Real Estate Broker = undertakes real estate business on behalf of another for a fee. Real Estate Salesperson = also known as an agent. Has to work for someone else. Eligibility in Ohio • 18 years old or older • Must have a high school diploma or equivalent • 120 hours of accredited instruction (40 hours of Real Estate Practices, 40 hours of Ohio Real Estate Law, 20 hours of Real Estate Appraisal and 20 hours of Real Estate finance.) • Pass the real estate exam. Passing score is 70 percent. There are both national and state specific questions on the test. All questions are multiple choice. 120 minutes are given for the national portion of the test and 60 minutes for the state portion. Most of the time, it is administered on a computer. • Must be sponsored by a broker. • Pay the application fee. Post-Licensing Requirements • Within a year, 10 additional hours of real estate education • If not completed with 12 months, the license is suspended. Broker’s License • Have to have worked as a salesperson or broker for two years • At least 30 hours per week for two out of the five previous years. • Has completed at least 20 real estate transactions. Renewing a License • Licenses are valid for three years at a time. • 30 hours of continuing education are required for relicensurc. • Failure to renew will result in suspension. Broker Requirements • Must have a physical place of business that is registered with the Superintendent. • Must notify the Superintendent of any changes in location, etc. • Must notify the Superintendent of all of the agents who are employed there and any staffing changes. • Must display their license in a public space in their office so that it is clearly visible. • Must avoid any misleading or discriminatory advertising.     If you are looking for other Real Estate audio Lessons we have them for: California Georgia Florida Texas Virginia

Ohio Real Estate Salesperson Exam Lesson 10 This is the 10th sample lessons that we will be sharing with you which will help you prepare for the Ohio real estate salesperson exam. These Ohio real estate salesperson exam lessons are meant to be a supplement and not a substitute for classroom learning or other requirements of the Ohio real estate department for licensure. The Full Table of contents may be found HERE Ohio Real Estate Salesperson Exam Lesson 10 Real Estate Licensing in Ohio Real Estate Broker = undertakes real estate business on behalf of another for a fee. Real Estate Salesperson = also known as an agent. Has to work for someone else. Eligibility in Ohio • 18 years old or older • Must have a high school diploma or equivalent • 120 hours of accredited instruction (40 hours of Real Estate Practices, 40 hours of Ohio Real Estate Law, 20 hours of Real Estate Appraisal and 20 hours of Real Estate finance.) • Pass the real estate exam. Passing score is 70 percent. There are both national and state specific questions on the test. All questions are multiple choice. 120 minutes are given for the national portion of the test and 60 minutes for the state portion. Most of the time, it is administered on a computer. • Must be sponsored by a broker. • Pay the application fee. Post-Licensing Requirements • Within a year, 10 additional hours of real estate education • If not completed with 12 months, the license is suspended. Broker’s License • Have to have worked as a salesperson or broker for two years • At least 30 hours per week for two out of the five previous years. • Has completed at least 20 real estate transactions. Renewing a License • Licenses are valid for three years at a time. • 30 hours of continuing education are required for relicensurc. • Failure to renew will result in suspension. Broker Requirements • Must have a physical place of business that is registered with the Superintendent. • Must notify the Superintendent of any changes in location, etc. • Must notify the Superintendent of all of the agents who are employed there and any staffing changes. • Must display their license in a public space in their office so that it is clearly visible. • Must avoid any misleading or discriminatory advertising.     If you are looking for other Real Estate audio Lessons we have them for: California Georgia Florida Texas Virginia

Ohio Real Estate Salesperson Exam Lesson 7 This is the 7th sample lessons that we will be sharing with you which will help you prepare for the Ohio real estate salesperson exam. These Ohio real estate salesperson exam lessons are meant to be a supplement and not a substitute for classroom learning or other requirements of the Ohio real estate department for licensure. The Full Table of contents may be found HERE Ohio Real Estate Salesperson Exam Lesson 7 Real Estate Licensing in Ohio Real Estate Broker = undertakes real estate business on behalf of another for a fee. Real Estate Salesperson = also known as an agent. Has to work for someone else. Eligibility in Ohio • 18 years old or older • Must have a high school diploma or equivalent • 120 hours of accredited instruction (40 hours of Real Estate Practices, 40 hours of Ohio Real Estate Law, 20 hours of Real Estate Appraisal and 20 hours of Real Estate finance.) • Pass the real estate exam. Passing score is 70 percent. There are both national and state specific questions on the test. All questions are multiple choice. 120 minutes are given for the national portion of the test and 60 minutes for the state portion. Most of the time, it is administered on a computer. • Must be sponsored by a broker. • Pay the application fee. Post-Licensing Requirements • Within a year, 10 additional hours of real estate education • If not completed with 12 months, the license is suspended. Broker’s License • Have to have worked as a salesperson or broker for two years • At least 30 hours per week for two out of the five previous years. • Has completed at least 20 real estate transactions. Renewing a License • Licenses are valid for three years at a time. • 30 hours of continuing education are required for relicensurc. • Failure to renew will result in suspension. Broker Requirements • Must have a physical place of business that is registered with the Superintendent. • Must notify the Superintendent of any changes in location, etc. • Must notify the Superintendent of all of the agents who are employed there and any staffing changes. • Must display their license in a public space in their office so that it is clearly visible. • Must avoid any misleading or discriminatory advertising.     If you are looking for other Real Estate audio Lessons we have them for: California Georgia Florida Texas Virginia

Ohio Real Estate Salesperson Exam Lesson 6 This is the 6th sample lessons that we will be sharing with you which will help you prepare for the Ohio real estate salesperson exam. These Ohio real estate salesperson exam lessons are meant to be a supplement and not a substitute for classroom learning or other requirements of the Ohio real estate department for licensure. The Full Table of contents may be found HERE Ohio Real Estate Salesperson Exam Lesson 6 Real Estate Licensing in Ohio Real Estate Broker = undertakes real estate business on behalf of another for a fee. Real Estate Salesperson = also known as an agent. Has to work for someone else. Eligibility in Ohio • 18 years old or older • Must have a high school diploma or equivalent • 120 hours of accredited instruction (40 hours of Real Estate Practices, 40 hours of Ohio Real Estate Law, 20 hours of Real Estate Appraisal and 20 hours of Real Estate finance.) • Pass the real estate exam. Passing score is 70 percent. There are both national and state specific questions on the test. All questions are multiple choice. 120 minutes are given for the national portion of the test and 60 minutes for the state portion. Most of the time, it is administered on a computer. • Must be sponsored by a broker. • Pay the application fee. Post-Licensing Requirements • Within a year, 10 additional hours of real estate education • If not completed with 12 months, the license is suspended. Broker’s License • Have to have worked as a salesperson or broker for two years • At least 30 hours per week for two out of the five previous years. • Has completed at least 20 real estate transactions. Renewing a License • Licenses are valid for three years at a time. • 30 hours of continuing education are required for relicensurc. • Failure to renew will result in suspension. Broker Requirements • Must have a physical place of business that is registered with the Superintendent. • Must notify the Superintendent of any changes in location, etc. • Must notify the Superintendent of all of the agents who are employed there and any staffing changes. • Must display their license in a public space in their office so that it is clearly visible. • Must avoid any misleading or discriminatory advertising.     If you are looking for other Real Estate audio Lessons we have them for: California Georgia Florida Texas Virginia

Ohio Real Estate Salesperson Exam Lesson 5 This is the 5th sample lessons that we will be sharing with you which will help you prepare for the Ohio real estate salesperson exam. These Ohio real estate salesperson exam lessons are meant to be a supplement and not a substitute for classroom learning or other requirements of the Ohio real estate department for licensure. The Full Table of contents may be found HERE Ohio Real Estate Salesperson Exam Lesson 5 Real Estate Licensing in Ohio Real Estate Broker = undertakes real estate business on behalf of another for a fee. Real Estate Salesperson = also known as an agent. Has to work for someone else. Eligibility in Ohio • 18 years old or older • Must have a high school diploma or equivalent • 120 hours of accredited instruction (40 hours of Real Estate Practices, 40 hours of Ohio Real Estate Law, 20 hours of Real Estate Appraisal and 20 hours of Real Estate finance.) • Pass the real estate exam. Passing score is 70 percent. There are both national and state specific questions on the test. All questions are multiple choice. 120 minutes are given for the national portion of the test and 60 minutes for the state portion. Most of the time, it is administered on a computer. • Must be sponsored by a broker. • Pay the application fee. Post-Licensing Requirements • Within a year, 10 additional hours of real estate education • If not completed with 12 months, the license is suspended. Broker’s License • Have to have worked as a salesperson or broker for two years • At least 30 hours per week for two out of the five previous years. • Has completed at least 20 real estate transactions. Renewing a License • Licenses are valid for three years at a time. • 30 hours of continuing education are required for relicensurc. • Failure to renew will result in suspension. Broker Requirements • Must have a physical place of business that is registered with the Superintendent. • Must notify the Superintendent of any changes in location, etc. • Must notify the Superintendent of all of the agents who are employed there and any staffing changes. • Must display their license in a public space in their office so that it is clearly visible. • Must avoid any misleading or discriminatory advertising.     If you are looking for other Real Estate audio Lessons we have them for: California Georgia Florida Texas Virginia

Ohio Real Estate Salesperson Exam Lesson 4 This is the 4th sample lessons that we will be sharing with you which will help you prepare for the Ohio real estate salesperson exam. These Ohio real estate salesperson exam lessons are meant to be a supplement and not a substitute for classroom learning or other requirements of the Ohio real estate department for licensure. The Full Table of contents may be found HERE Ohio Real Estate Salesperson Exam Lesson 4 Real Estate Licensing in Ohio Real Estate Broker = undertakes real estate business on behalf of another for a fee. Real Estate Salesperson = also known as an agent. Has to work for someone else. Eligibility in Ohio • 18 years old or older • Must have a high school diploma or equivalent • 120 hours of accredited instruction (40 hours of Real Estate Practices, 40 hours of Ohio Real Estate Law, 20 hours of Real Estate Appraisal and 20 hours of Real Estate finance.) • Pass the real estate exam. Passing score is 70 percent. There are both national and state specific questions on the test. All questions are multiple choice. 120 minutes are given for the national portion of the test and 60 minutes for the state portion. Most of the time, it is administered on a computer. • Must be sponsored by a broker. • Pay the application fee. Post-Licensing Requirements • Within a year, 10 additional hours of real estate education • If not completed with 12 months, the license is suspended. Broker’s License • Have to have worked as a salesperson or broker for two years • At least 30 hours per week for two out of the five previous years. • Has completed at least 20 real estate transactions. Renewing a License • Licenses are valid for three years at a time. • 30 hours of continuing education are required for relicensurc. • Failure to renew will result in suspension. Broker Requirements • Must have a physical place of business that is registered with the Superintendent. • Must notify the Superintendent of any changes in location, etc. • Must notify the Superintendent of all of the agents who are employed there and any staffing changes. • Must display their license in a public space in their office so that it is clearly visible. • Must avoid any misleading or discriminatory advertising.     If you are looking for other Real Estate audio Lessons we have them for: California Georgia Florida Texas Virginia

Ohio Real Estate Salesperson Exam Lesson 3 This is the 2nd sample lessons that we will be sharing with you which will help you prepare for the Ohio real estate salesperson exam. These Ohio real estate salesperson exam lessons are meant to be a supplement and not a substitute for classroom learning or other requirements of the Ohio real estate department for licensure. The Full Table of contents may be found HERE Ohio Real Estate Salesperson Exam Lesson 3 Real Estate Licensing in Ohio Real Estate Broker = undertakes real estate business on behalf of another for a fee. Real Estate Salesperson = also known as an agent. Has to work for someone else. Eligibility in Ohio • 18 years old or older • Must have a high school diploma or equivalent • 120 hours of accredited instruction (40 hours of Real Estate Practices, 40 hours of Ohio Real Estate Law, 20 hours of Real Estate Appraisal and 20 hours of Real Estate finance.) • Pass the real estate exam. Passing score is 70 percent. There are both national and state specific questions on the test. All questions are multiple choice. 120 minutes are given for the national portion of the test and 60 minutes for the state portion. Most of the time, it is administered on a computer. • Must be sponsored by a broker. • Pay the application fee. Post-Licensing Requirements • Within a year, 10 additional hours of real estate education • If not completed with 12 months, the license is suspended. Broker’s License • Have to have worked as a salesperson or broker for two years • At least 30 hours per week for two out of the five previous years. • Has completed at least 20 real estate transactions. Renewing a License • Licenses are valid for three years at a time. • 30 hours of continuing education are required for relicensurc. • Failure to renew will result in suspension. Broker Requirements • Must have a physical place of business that is registered with the Superintendent. • Must notify the Superintendent of any changes in location, etc. • Must notify the Superintendent of all of the agents who are employed there and any staffing changes. • Must display their license in a public space in their office so that it is clearly visible. • Must avoid any misleading or discriminatory advertising.     If you are looking for other Real Estate audio Lessons we have them for: California Georgia Florida Texas Virginia

Ohio Real Estate Salesperson Exam Lesson 2 This is the 2nd sample lessons that we will be sharing with you which will help you prepare for the Ohio real estate salesperson exam. These Ohio real estate salesperson exam lessons are meant to be a supplement and not a substitute for classroom learning or other requirements of the Ohio real estate department for licensure. The Full Table of contents may be found HERE Ohio Real Estate Salesperson Exam Lesson 2 Real Estate Licensing in Ohio Real Estate Broker = undertakes real estate business on behalf of another for a fee. Real Estate Salesperson = also known as an agent. Has to work for someone else. Eligibility in Ohio • 18 years old or older • Must have a high school diploma or equivalent • 120 hours of accredited instruction (40 hours of Real Estate Practices, 40 hours of Ohio Real Estate Law, 20 hours of Real Estate Appraisal and 20 hours of Real Estate finance.) • Pass the real estate exam. Passing score is 70 percent. There are both national and state specific questions on the test. All questions are multiple choice. 120 minutes are given for the national portion of the test and 60 minutes for the state portion. Most of the time, it is administered on a computer. • Must be sponsored by a broker. • Pay the application fee. Post-Licensing Requirements • Within a year, 10 additional hours of real estate education • If not completed with 12 months, the license is suspended. Broker’s License • Have to have worked as a salesperson or broker for two years • At least 30 hours per week for two out of the five previous years. • Has completed at least 20 real estate transactions. Renewing a License • Licenses are valid for three years at a time. • 30 hours of continuing education are required for relicensurc. • Failure to renew will result in suspension. Broker Requirements • Must have a physical place of business that is registered with the Superintendent. • Must notify the Superintendent of any changes in location, etc. • Must notify the Superintendent of all of the agents who are employed there and any staffing changes. • Must display their license in a public space in their office so that it is clearly visible. • Must avoid any misleading or discriminatory advertising.     If you are looking for other Real Estate audio Lessons we have them for: California Georgia Florida Texas Virginia

Ohio Real Estate Salesperson Exam Lesson 1 This is the 1st   sample lessons that we will be sharing with you which will help you prepare for the Ohio real estate salesperson exam. These Ohio real estate salesperson exam lessons are meant to be a supplement and not a substitute for classroom learning or other requirements of the Ohio real estate department for licensure. The Full Table of contents may be found HERE Real Estate Governing Bodies Regulated by two agencies: the Ohio Real Estate Commission and the Ohio Division of Real Estate The Real Estate Commission • Five member appointed by the governor • Four are active real estate agents with 10+ years of experience • One non-real estate professional who represents the public • No more than three members can be from one political party. • Each member serves for five years. Duties of the Commission • Create the Code of Ethics for real estate professionals • Reviews any appeals • Administers the real estate education/research fund • Notifies licensees of changes to state/federal laws Duties of the Ohio Division of Real Estate • Led by the Superintendent of Real Estate • The Superintendent is appointed by the Director of Commerce for an indefinite term from an approved list of six people • Carry out state law • Administer exams • Review records • Enforce license laws • Grant, refuse and revoke licenses Disciplinary Actions • Misrepresentations • Dual agency without disclosure • Mishandling of funds • Compensates an unlicensed person with a commission • Hiding a criminal conviction • Practicing real estate without a license • Practicing real estate while impaired • Discrimination • Commingles funds • Breaking fiduciary duties • Charges hidden fees Complaints are heard by the Ohio Division of Real Estate Licensed Activities • Sales • Exchanges • Purchases • Loan negotiation • Advertising real property • Offers • Listing • Rentals Unlicensed Activities • For sale by owner • Property manager employed by an owner • Trustee • Public servants on official business • Power of attorney • Court appointees • Employees of financial institutions     If you are looking for other Real Estate audio Lessons we have them for: California Georgia Florida Texas Virginia

Virginia Real Estate Salesperson Exam Lesson 5 This is the 5th of five sample lessons that we will be sharing with you which will help you prepare for the Virginia real estate salesperson exam. These Virginia real estate salesperson exam lessons are meant to be a supplement and not a substitute for classroom learning or other requirements of the Virginia real estate department for licensure. Lesson 5: Real Estate and Real Property  Types of Ownership: Land = Raw land without improvements, above and below. Real Estate = Land plus any improvements (houses, fences, fixtures, etc.) Personal Property = Moveable things (mobile home, etc.) Real Property = Real Estate plus all the rights that go with it. The Bundle of Rights Right of possession (alone or jointly) Right of quiet enjoyment Right to dispose (Transferring, bequeathing, easements, etc.) Right to encumber Right to the subsurface (oil, minerals, natural resources) Right to the air Right to the water (littoral vs. riparian) Right to hunt Criteria for Fixtures Method of attachment Adaptability Relationship of the parties Intent of the parties Agreement Characteristics of Real Estate Scarcity Price Location Improvements Not-liquid Characteristics of Land Immobility Indestructibility Uniqueness If you are looking for other Real Estate audio Lessons we have them for: California Georgia Florida Texas Washington     Loading...  

Virginia Real Estate Salesperson Exam Lesson 4 This is the 4th of five sample lessons that we will be sharing with you which will help you prepare for the Virginia real estate salesperson exam. These Virginia real estate salesperson exam lessons are meant to be a supplement and not a substitute for classroom learning or other requirements of the Virginia real estate department for licensure. Lesson 4: Real Estate Salesperson Exam Lesson on Real Estate Investing The capitalization rate is the rate of interest that you can consider a reasonable return on investment. The formula is this: cap rate = Net Operating Income/purchase price. Benefits of Real Estate Investing Cash flow from the property Long-term appreciation from the property Providing a hedge against inflation Gaining tax benefits (mortgage interest, wages for repairs, maintenance) Property can be used as leverage for other investments. Drawbacks of Real Estate Investing Your assets are not liquid. There can be a great deal of upkeep. Housing markets can fluctuate. High cap rate = high risk Low cap rate = low risk Time Value of Money = Money in hand is more valuable than money that might be made in the future. Rates of Depreciation Residential properties depreciate over 27.5 years. Commercial properties depreciate over 39 years. If you are looking for other Real Estate audio Lessons we have them for: California Georgia Florida Texas Washington     Loading...  

Virginia Real Estate Salesperson Exam Lesson 3 This is the third of five sample lessons that we will be sharing with you which will help you prepare for the Virginia real estate salesperson exam. These Virginia real estate salesperson exam lessons are meant to be a supplement and not a substitute for classroom learning or other requirements of the Virginia real estate department for licensure. Lesson 3: Owning a Home Real estate professionals help people navigate complex laws, zoning ordnances and other regulations to find the kind of home they want and need. Types of Housing Condos Single-family homes (most common) Apartments (low-rise, mid-rise, and high-rise) Cooperatives Mobile Homes Modular Homes Time-Shares (Fee simple, Right-to-Use, Leasehold) Planned Unit Development (PUD) Retirement communities Things to Consider in Home Ownership Interest rate Length of the loan Down payment requirements Types of Mortgage Loans FHA Loans (Federal Housing Administration) VA Loans (Veterans Affairs) HUD Loans (Housing Urban Development) Home Taxing Terms Appreciation vs. Depreciation Capital gains vs. capital losses Real Estate taxes can be assessed by various levels of government. They are typically based on the appraised value of the property. Tax Advantages for Home Owners Homeowners can deduct mortgage interest You can get a tax break for depreciation on your property Capital gains are not taxes unless they are over a certain amount Virginia Tax Law Local taxing authorities determine the value of real estate and then apply the local tax code to it. Certain types of property are tax exempt, such as churches, burying grounds, public libraries and learning institutions. Public parks and non-profit organizations are also exempt.   If you are looking for other Real Estate audio Lessons we have them for: California Georgia Florida Texas Washington     Loading...  

Virginia Real Estate Salesperson Exam Lesson 2 This is the second of five sample lessons that we will be sharing with you which will help you prepare for the Virginia real estate salesperson exam. These Virginia real estate salesperson exam lessons are meant to be a supplement and not a substitute for classroom learning or other requirements of the Virginia real estate department for licensure. Lesson 2: The Business of Real Estate Real estate brokers must be licensed in the state in which they are working. Brokers can specialize in residential, commercial, and industrial property. They deal with the land and the rights that go with the land, such as water and mineral rights. Real estate brokers act as an agent for others in a real estate transaction in exchange for a commission. Real estate salespeople have to work under the supervision of a real estate broker. Commissions are split between the broker and the agent. Other real estate professions: Appraisers Property managers Home inspectors Mortgage brokers Architects Contractors Kind of Property Residential property (single homes, multi-family dwellings) Commercial properties (retail stores, restaurants, offices, hotels, etc.) Mixed-use properties (mixes commercial and residential) Industrial properties (factories and warehouses) Agricultural properties (farms and ranches) Special purpose land (schools, church, etc.) Vacant land Supply vs. Demand Factors that Affect Supply Fear of missing out Location Construction costs Local and state government influence Factors that Affect Demand Demographics of the area Economy of an area Interest rates The Cycle of Real Estate Recovery Expansion Hyper Supply Recession   If you are looking for other Real Estate audio Lessons we have them for: California Georgia Florida Texas Washington     Loading...  

This is the first of five sample lessons that we will be sharing with you which will help you prepare for the Virginia real estate salesperson exam. These Virginia real estate salesperson exam lessons are meant to be a supplement and not a substitute for classroom learning or other requirements of the Virginia real estate  department for licensure. Virginia Real Estate Salesperson Exam Lesson 1 Virginia Real Estate Law Agent vs. Broker Powers of the Real Estate Board Ability to give licenses Ability to take away licenses Requirements for a Real Estate Salesperson License Reputation for honesty and fair play. Pass a background check. Must be in good standing in other states. Real estate licensing courses. Pass real estate exam. 18-years old High school diploma Submitted application with 12 months after the exam. Some states allow for reciprocity. Real Estate Salesperson Exam 120 total questions, 150 total minutes National topics, 80 questions, 105 minutes State topics 40 questions, 45 minutes Real Estate Broker Exam 130 total questions, 160 total minutes National topics, 80 questions, 105 minutes State topics 50 questions, 55 minutes Post License Education and Renewal 30 hours within a year or you will be placed in inactive status Licenses have to be renewed every two years Brokers need 24 hours of courses to renew. Salespersons need 16 hours of courses to renew. You can put yourself in inactive status and you will have to take courses to get back in active status. (Exceptions for military service.) If you are looking for other Real Estate audio Lessons we have them for: California Georgia Florida Texas Washington     Loading...