Licensed Real Estate Agent Exam study plan

Distinguish the bundle of rights (surface, subsurface, air, water, fixtures) and classify each item as real property or personal property using the fixture tests of annexation, adaptation, and intent.

Compare freehold estates (fee simple absolute, fee simple defeasible, life estate) and leasehold estates by duration, transferability, and reversionary interests.

Diagram the four co-ownership forms (tenancy in common, joint tenancy, tenancy by the entirety, community property) showing survivorship, unity requirements, and creditor exposure.

Explain how easements, licenses, profits, and covenants run with or bind land, and identify the ways an easement is created and terminated.

Summarize the recording system, types of deeds, adverse possession elements, and the title insurance vs. abstract-and-attorney opinion distinction.

Complete a second pass on Domain 1 weak spots identified in Week 1, re-teaching each missed concept aloud without notes.

Define agency creation (express, implied, ratification, estoppel) and distinguish a client from a customer in a transaction.

Map each fiduciary duty (care, obedience, loyalty, disclosure, accounting, confidentiality) to a concrete breach scenario and the likely discipline.

Differentiate the brokerage relationship models (single agency, dual agency, designated agency, transaction broker, non-agency) and state who owes what to whom.

Trace when agency begins and ends, including termination by operation of law versus by act of the parties.

Explain respondeat superior, the licensee's responsibility for assistants and team members, and how commissions are earned, split, and protected.

Identify the elements of a valid contract (offer, acceptance, consideration, capacity, lawful purpose, statute of frauds) and apply them to a purchase agreement.

Sequence the contingencies in a residential purchase contract (inspection, financing, appraisal, title) and state what happens when each is waived or missed.

Distinguish remedies for breach (specific performance, liquidated damages, rescission, damages) and explain earnest money disposition.

List the seller disclosure obligations and the timing rules for delivering and acknowledging them.

Explain the loan estimate and closing disclosure timing rules and which changed-circumstances events permit a revised disclosure.

Compare fixed-rate, adjustable-rate, FHA, VA, and conventional loans by down payment, insurance, and qualifying characteristics.

Compute prorations for taxes, rent, and interest, and reconcile a debit/credit settlement statement for buyer and seller.

Describe the foreclosure process, deed in lieu, short sale, and the borrower protections that apply to each.

Identify the parties and documents at closing (deed, bill of sale, affidavit of title, settlement statement) and who signs what.

Apply the sales comparison approach, including adjustment direction and sequence, to reconcile an indicated value range.

Compute gross rent multiplier, capitalization rate, and net operating income, and explain when each approach is appropriate.

Define market value versus price versus cost and identify the elements of a valid appraisal and the licensee's limits on opining value.

Identify the protected classes under federal fair housing law and the prohibited acts in advertising, steering, blockbusting, and redlining.

Explain reasonable accommodation and modification obligations and the advertising word rules that create fair housing risk.

Summarize consumer protection statutes affecting advertising, telemarketing, lead generation, and use of buyer/broker agreements.

Outline licensing requirements: education, examination, sponsorship, license renewal, continuing education, and reporting of changes.

Classify conduct as license suspension, revocation, reprimand, or civil liability using the statutory list of prohibited acts.

Explain handling of trust funds, escrow accounts, commingling, and recordkeeping requirements.

Describe the complaint and disciplinary process from complaint intake through hearing and appeal.

Explain zoning basics (use districts, setbacks, variances, nonconforming use, special use permits) and how they affect a transaction.

Identify environmental hazards (lead-based paint, asbestos, radon, mold, underground storage tanks, wetlands) and the disclosure duties tied to each.

Outline property management duties: lease terms, security deposits, habitability, eviction procedure, and owner reporting.

Drill calculation types: commission splits, loan-to-value, points, discount, area and acreage, and proration.

Build a formula sheet and solve 20 mixed calculation problems under timed conditions.

Take two full-length timed practice exams and record a score by domain for each.

Re-teach the three lowest-scoring domains using only your own notes and verbal explanation.

Review every missed question and write the underlying rule, not just the correct answer.

Rehearse exam-day logistics: identification, timing per question, and a strategy for flagged items.