Property-Only study guide
Property-Only · Work through your exam, one topic at a time.
The Property-Only exam is a licensing-style assessment focused entirely on real property practice rather than general brokerage. It suits candidates who need to demonstrate competence in ownership interests, title transfer, liens and easements, agency duties, valuation, financing, land use, real estate calculations, and fair housing compliance. The Property-Only study guide has 9 sections and about 2,943 words.
01Property Ownership and Interests
This domain tests how ownership is divided by time, by shares, and by property form. Expect estate terminology, co-ownership unities, and deed descriptions.
327 words, about 2 min02Encumbrances, Liens, and Easements
This domain tests nonpossessory rights and money claims that burden title: easements, encroachments, restrictions, and liens. The exam often asks whether a burden runs with land and who gets paid first.
319 words, about 2 min03Property Contracts and Transfer of Title
This domain tests formation and enforcement of real estate contracts and the steps that make title transfer effective: deed execution, delivery, recording, title evidence, and closing. A valid contract needs offer, acceptance, consideration, capacity, and lawful purpose.
315 words, about 2 min04Agency and Fiduciary Duties
This domain tests how agency is created, who the agent represents, and the fiduciary and statutory duties owed. Questions often turn on disclosure, confidentiality, and dual agency.
325 words, about 2 min05Valuation and Market Analysis
This domain tests valuation principles and the market analysis process: highest and best use, the three approaches, adjustment logic, and income capitalization. Highest and best use must be legally permissible, physically possible, financially feasible, and maximally productive.
335 words, about 2 min06Financing and Mortgages
This domain tests how real estate loans are structured, secured, disclosed, and enforced. Expect lien theory, loan-to-value, escrow, amortization, and default remedies.
337 words, about 2 min07Land Use and Property Management
This domain tests public and private land-use controls and the landlord-tenant and management rules that affect occupancy and operations. Police power allows zoning, building codes, health codes, and subdivision regulation without compensation unless a regulation goes too far.
327 words, about 2 min08Real Estate Math and Calculations
This domain tests arithmetic that appears in listing, closing, financing, and investment decisions. Accuracy depends on identifying the base, the rate, and the time period.
335 words, about 2 min09Fair Housing and Consumer Protection
This domain tests federal and state fair-housing rules and consumer-protection statutes that govern advertising, lending, escrow, and disclosures. The federal Fair Housing Act prohibits discrimination in sale, rental, financing, and advertising based on race, color, religion, sex, national origin, familial status, and disability.
323 words, about 2 min