Real Estate case studies
Real Estate · Put your knowledge to work in context.
A real estate licensing exam is the state-administered test a candidate must pass before being issued a salesperson or broker license and before lawfully representing clients in a transaction. It is written for people entering the field - career changers, recent graduates, part-time agents building a practice - and for brokers adding a second credential. The Real Estate case studies are 5 cases and about 2,633 words.
1The Boundary Fence That Moved
Dana buys a 2.3-acre parcel in a rural county. The deed describes the lot as 'Lot 7, Block 2 of Cedar Ridge Subdivision, as recorded in Plat Book 14, Page 32.' A wire fence has enclosed the easternmost 0.4 acre for 23 years; the seller's family built it after a surveyor's error and treated that strip as their own, mowing it, grazing two horses on it, and paying the county's agricultural tax classification on it.
544 words, about 3 min2The Buyer's Cousin Wants a Referral Fee
Priya is a licensed salesperson at a brokerage that has a written independent contractor agreement with her. Her buyer client, Marcus, mentions that his cousin Tanya 'found' the listing and sent it to him.
492 words, about 2 min3The Contingency That Never Quite Ended
A standard form purchase contract sets a $20,000 earnest money deposit, due 'within 3 business days after acceptance,' held by the listing broker in a trust account. It includes a financing contingency requiring the buyer to apply within 5 days and obtain a written loan commitment by day 30, and an inspection contingency allowing the buyer to terminate 'for any reason' by giving written notice within 10 days.
561 words, about 3 min4The Rate Buydown vs. the Price Cut
A buyer is approved for a 400,000, 30-year fixed loan at 6.75% with 20% down on a 500,000 home. The seller offers either (A) a 2-1 temporary buydown funded by the seller, or (B) a 15,000 price reduction.
506 words, about 3 min5The Tenant Who Wants a Service Dog
A landlord manages a 12-unit building with a no-pets policy stated in every lease. A tenant with a documented anxiety disorder submits a written request for a reasonable accommodation to keep a 60-pound dog.
530 words, about 3 min