Bermuda Real Estate Exam study plan

Map the full Bermuda regulatory landscape by naming the statutes, regulators, and licensing bodies that govern real estate practice, and state the function of each in your own words

Outline the licensing pathway for salespersons and brokers, including eligibility, application steps, renewal, and grounds for disciplinary action

Define at least 25 core regulatory terms (such as licence categories, advertising rules, record-keeping duties, and commission disclosure) in a personal glossary

Draft a one-page flowchart showing what a licensee must do at each stage from listing intake to closing file retention

Distinguish the agency relationship types available in Bermuda practice and explain when each arises, using worked scenarios

List every fiduciary duty owed by an agent and give one concrete breach example and one compliant behaviour for each

Explain disclosure obligations when a licensee has a personal or family interest in a transaction

Compare dual agency, subagency, and designated agency risks and describe how each is managed or prohibited

Draft a complete sample listing agreement containing all required terms, including term length, commission basis, authority to advertise, and termination conditions

Build a buyer representation agreement template and identify the clauses that create the most dispute risk

Sequence the steps of a Bermuda sales transaction from offer to completion and note the document produced at each step

Analyse five contract clauses for enforceability issues, such as conditions precedent, deposit handling, and late completion remedies

Explain each tenure category recognised in Bermuda and describe who may hold property under each

Trace the conveyancing process step by step, naming the searches, consents, and registrations required before and after completion

Identify the documents that must be verified to confirm good title and describe what each one proves

Summarise the practical differences between freehold, leasehold, and licence arrangements in a comparison table

Describe the mortgage application and approval flow for local and non-local borrowers and list the documents each must supply

Calculate loan-to-value, monthly payment, and total interest for three worked scenarios using standard amortisation

Explain the roles of lender, borrower, lawyer, and agent at settlement and identify who prepares each settlement document

List the standard conditions a lender imposes and explain the consequence of each failing at settlement

Apply at least three valuation approaches to the same property and explain when each is appropriate

Build a comparable sales adjustment grid using five hypothetical comparables and justify each adjustment

Interpret market indicators such as absorption rate and days on market to support a pricing recommendation

Write a defensible listing price recommendation with supporting evidence and stated assumptions

Outline the planning permission process, including application, review, appeal, and enforcement stages, and name the decision-maker at each

Identify the environmental and coastal protection controls most likely to affect a transaction and explain how to check compliance before listing

Itemise every tax, fee, and government charge arising on a sale and on a purchase, and state who bears each

Calculate total transaction costs for a hypothetical purchase and sale at a stated price

Apply anti-money-laundering requirements to a client intake scenario, covering identification, verification, source-of-funds checks, and record retention

Classify ten client situations as low, medium, or high risk and state the required action for each

Distinguish lawful fair dealing from prohibited conduct using ten short scenarios and justify each call

Complete a timed 60-question mixed mock exam across all nine domains and review every missed item