IN Real Estate study plan

Distinguish real property from personal property by applying the attachment, adaptation, and intention tests to fixtures

Compute square footage, acreage conversions, and price-per-square-foot and price-per-acre figures

Calculate commission splits, seller net proceeds, and a full settlement worksheet from a closing scenario

Compare forms of co-ownership (severalty, tenancy in common, joint tenancy, tenancy by the entirety) and identify which pass by survivorship

Compute monthly PITI, loan-to-value ratio, and down payment amounts for conventional, FHA, and VA loan scenarios

Convert discount points and origination fees into their effect on the borrower's cost and lender yield

Select the appropriate approach to value (sales comparison, cost, income) for a given property type and justify the choice

Reconcile an appraisal by applying adjustments in the sales comparison approach

Differentiate foreclosure, deed in lieu, short sale, and statutory redemption as remedies for default

Compare general warranty, special warranty, bargain and sale, and quitclaim deeds and state which warranties each conveys

Sequence the closing process from executed contract through recording and identify the responsible party at each step

Diagram the elements of a valid contract and the Statute of Frauds requirements for real estate agreements

Determine when earnest money is refundable by analyzing contingency clauses in a scenario

Compute prorations for taxes, rent, and insurance premiums on a settlement statement

Classify land use controls into zoning, deed restrictions, easements, eminent domain, and police power

Differentiate a variance from a conditional or special use permit in a zoning scenario

Identify mandatory disclosure obligations including agency disclosure, property condition, lead-based paint, and Indiana's seller's residential real estate sales disclosure

Apply fair housing and antitrust prohibitions to common brokerage practice scenarios

Distinguish agency relationship types and describe how each is created and terminated

Apply the fiduciary duties of care, obedience, loyalty, disclosure, accounting, and confidentiality to scenario prompts

Explain Indiana designated agency and buyer agency disclosure requirements

Outline Indiana licensing structure, brokerage responsibilities, and the role of the Real Estate Commission

List Indiana pre-licensing, examination, post-licensing, and continuing education requirements from memory

Identify statutory violations and their disciplinary consequences under Indiana license law and Commission rules

Explain trust fund handling, escrow account rules, commingling prohibitions, and record retention requirements

Match Indiana-specific disclosure triggers and exemptions to practice scenarios

Re-solve every missed calculation item from weeks 1 through 6 without notes

Build a personal error taxonomy from two full-length practice exams

Pace 40 mixed questions in 45 minutes to simulate exam timing under pressure

Complete three timed 100-question simulations under exam conditions

Recite Indiana-specific numbers and rules from memory, including education hours, post-licensing, and trust account requirements

Drill disclosure triggers and exempt transactions using flashcards until responses are automatic