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Episode 111 – Next Steps for A-Ha Going through state exam questions to help real estate students pass their state exam.  What I've been up to. Private messages about questions.  Memorizing test questions. DO NOT CHEAT!!  List of recent grads: Lydia, Ellena, Debra, Sahzad, Vince, Dana, Donna, Jerry, Danielle, Nautie, Dawn, Kim, BJ, Sasha, Darlene, Alex, Charlie, Rachel, Derrell, Maddox, Charles, Jeff, Gabe, Chanita, Carline, Junalee, Ashely, Briana, Zack, Melanie, Tara, Caitlin, Naomi, Elena, Darren, Emalee, Joshua, Tiffany, Blaire, William, Jodi, Melody, Melissa, Andjie, Andrew, Amanda, Jack, Eileen, Samantha, Brannon, Emily, Elyssa, Ricky, Jennifer, Maurice, Mackenzie, Renee, Bryce, Kelsey, Ahmad, Kari, Shannon, Daniel, Jennifer, Jessica, Mike, Vickie, Chelsea, Kae, Regina, Elisabeth, Her Pao, Carrie Ann, Nicole, Angie, Ellena, LaTrice, Tricia, Channpreet, Benjamin, Kaizer, Mickie, Vince, Jamie, Bryan, Katie, and Taryn..  Listener messages: Lydian (Arizona), Rachel (Indiana), Maddox (Pennsylvania, and Taryn (North Carolina)  Going on hiatus; nothing new to record  Keep sending me your messages  Working on "Part B" of this show; teaching you beyond the exam.  Farewell…for now!  Go to www.ahareep.com and sign up for the program for only $35, use discount code: legend15 to save 15% off.  Go to www.indianarealestateinstitute.com for Indiana real estate classes.  A-Ha LINKS  Email [email protected] Web www.ahareep.com Facebook https://www.facebook.com/AHA.REEP YouTube https://www.youtube.com/channel/UCrxAjI5Li4Ll3Epwcyc0i6A

Episode 110 - Real Estate Exam Questions: Environmental Issues Going through state exam questions to help real estate students pass their state exam. Happy Groundhog Day! NEVER stop learning! List of recent grads: Angela, Jerry, Charlie, Katelyn, Jennifer, Kelly, Laura, Michelle, Samantha, Ryan, Jessica, Melanie, Jay, Tatiana, Will, Andrea, Raquel, Bailey, Itzel, Chelsea, Dani, Charley, Katelyn, Lisa, Jackie, Diana, Ryan, Kathy, Gabe, Benjamin, Chris, Alexis, Trisha, Terry, Dee, Josh, Terry, Tom, Cassandra, Natalie, Christine, Katie, David, LaTisha, Jason, Shaina, Stephanie, Lee, Hannah, Lauren, Noel, Russ, Beth, Bill, and Jennifer. Listener messages: Kelly (Minnesota) and Laura (Georgia) Asbestos Lead Paint; 1978 Radon Carbon Monoxide Formaldehyde Mold CERCLA – Comprehensive, Environmental Response, Compensation, and Liability Act SARA – Superfund Amendment and Reauthorization Act Inspection: Phase 1, 2, and 3 Exam Questions Go to www.ahareep.com and sign up for the program for only $35, use discount code: legend15 to save 15% off. Go to www.indianarealestateinstitute.com for Indiana real estate classes. A-Ha LINKS  Email [email protected] Web www.ahareep.com Facebook https://www.facebook.com/AHA.REEP YouTube https://www.youtube.com/channel/UCrxAjI5Li4Ll3Epwcyc0i6A

Episode 109 - Real Estate Exam Questions: Closing the Transaction Going through state exam questions to help real estate students pass their state exam.   Happy New Year! 3 Year Anniversary of A-Ha! REEP. YAY!!! Don't be entitled in life, in real estate, or with me. Ha ha!! List of recent grads: Joseph, Alejandro, Madiera, Tylar, Travis, Douglas, Zack, Christi, Alan, Patricia, Devon, Trudy, Rhonda, Wanda, Daniella, Cecilia, Maisy, Lena, Ruth, Melody, Sadie, Ryan, Tomeka, Scott, Christina, Chris, Jessica, Jeffery, and Hayley.   Listener messages: Jeffrey from Indiana and Hayley from Upstate New York Closing events and types                                                                                         Conducting the closing RESPA – Real Estate Settlement and Procedures Act ABA – Affiliated Business Arrangement TRID – TILA RESPA Integrated Disclosure rule; Truth in Lending Loan Estimate and Closing Disclosure forms Kickbacks, referral fees, and rebates Debit and Credit Prepaid and Accrued expense prorations Banker's Year vs. Actual calendar days Math Transfer stamps, excise tax, revenue stamps, deed tax, etc. Exam Questions   Go to www.ahareep.com and sign up for the program for only $35, use discount code: legend15 to save 15% off.   Go to www.indianarealestateinstitute.com for Indiana real estate classes.   A-Ha LINKS   Email [email protected]   Web www.ahareep.com   Facebook https://www.facebook.com/AHA.REEP   YouTube https://www.youtube.com/channel/UCrxAjI5Li4Ll3Epwcyc0i6A

Episode 108 – End of Year Update Going through state exam questions to help real estate students pass their state exam.   Update on law school finals Tips on how to study Suggestions for real world issues in Secured Transactions, Trusts and Estates, and Income Tax List of recent grads: Latoya, Sandy, Denise, Rachel, Shelby, Michael, Erika, Brittany, James, John, Femi, Dally, Rosalind, Kayla, Lori, Brianna, Reese, Brian, Melissa, Matt, Charles, Jessica, Alyssa, Blessing, Grace, Meranda, Devin, Jeff, Gabriela, Ethan, Eddie, Cole, Heidi, Mark, Leidary, Veronica, Courtney, Kaylen, Zoe, Ruth, Evelyn, Jaquelyn, Dana, Caleb, Connor, Breondra, Kylena, Shelley, Mohammad, Jessica, Delaney, Lacey, Shana, April, Johana, Jaxson, Janie, Lancia, Iris, Tania, Peyton, Sheryl, Kyle, Shawn, Caitlin, Della, Renn, Sem, Kevin, Brooke, Andrea, Danna, Wendy, Joseph, Karigan, Ashia, Jasmine, Martin, Sheldon, Whitney, Denise, Jeff, Justin, Sali, Lynn (happy picture on FB page), and Daniel.   Listener messages from Sandy in New Jersey, Rachael in Washington State, and Denise in Ohio.   Go to www.ahareep.com and sign up for the program for only $35, use discount code: legend15 to save 15% off.   Go to www.indianarealestateinstitute.com for Indiana real estate classes.   A-Ha LINKS   Email [email protected]   Web www.ahareep.com   Facebook https://www.facebook.com/AHA.REEP   YouTube https://www.youtube.com/channel/UCrxAjI5Li4Ll3Epwcyc0i6A

Episode 107 - Real Estate Exam Questions: Public and Private Land Use Controls Going through state exam questions to help real estate students pass their state exam.   Happy Thanksgiving! Send me your favorite recipes. State exam vs. State portion of the State Exam List of recent grads: Lynn, Ryan, Brittany, Gilbert, Daniel, Christelle, Ralitsa, Mara, Kayla, Martin, Kim, Sally, Paulina, Rachel, Tyler, Johnnie, Julie, Jennifer, Max, Sophia, Crystal, Alexis, Tony, Baylee, Jordan, Jose, Camila, Edna, Hannah, Kim, Monica, Brandon, Alexander, Chelsie, Madeline, Michael, Alvin, Carl, Kari, Jean, Stacy, Diana, Karen, Robert, Sarah, Justin, Julie, Dipali, Katie, Garret, and Tayler.   Listener message from Christie in California Public vs. Private P.E.T.E. – Police Power, Eminent Domain, Taxation, and Escheat Condemnation; Taking; Regulatory taking; Inverse Condemnation Zoning classifications; density zoning; setbacks; non-conforming use; grandfathered use Variance vs. Conditional Use Permit Building Code: permit and certificate of occupancy Private land use controls: HOA and Covenants, Conditions, and Restrictions (CCRs) Deed restrictions; contractual agreement Enforcement through court system. Zoning vs. Building Code vs. Private Restrictions Exam Questions   Go to www.ahareep.com and sign up for the program for only $35, use discount code: legend15 to save 15% off.   Go to www.indianarealestateinstitute.com for Indiana real estate classes.   A-Ha LINKS   Email [email protected]   Web www.ahareep.com   Facebook https://www.facebook.com/AHA.REEP   YouTube https://www.youtube.com/channel/UCrxAjI5Li4Ll3Epwcyc0i6A

Episode 106 - Real Estate Exam Questions: Real Estate Taxes and Liens Going through state exam questions to help real estate students pass their state exam.   I'm not telling it will be easy. I'm telling you it will be worth it! List of recent grads: Max, Sophia, Crystal, Alexis, Lori, Alexander, Anthony, Angel, Baylee, Ceasar, Jordan, Jose, Ruperto, Camila, Edna, Vanessa, Emmanuel, Hannah, Kim, Monica, Janie, Raven, Chelsie, Madison, Michael, Angelica, Alvin, Kristina, Samantha, Carl, Kenndey, Evelyn, Connie, Amy, Justin, David, Hilda, Dora, Lindsey, Valerie, Sabrina, Devin, Gerald, Jessica, Carmen, Grace, Haven, Martha, Theresa, Steve, Brianna, Jessie, Aubrey, Katelyn, April, Shelby, Joe, Carly, Diana, Shannon, Tiffany, Sarai, Casey, Jennifer, Amaryllis, Ally, Kamera, Caitlin, Andrew, Liliana and Stephanie. Listener messages from Liliana and Ally. Lien defined VICE: Voluntary, Involuntary, Equitable, or Statutory General and Specific Liens Effect and Priority of liens Real estate taxes and calculations; assessed value, equalization factor Special assessments Liens types Lis pendens Exam Questions   Go to www.ahareep.com and sign up for the program for only $35, use discount code: legend15 to save 15% off.   Go to www.indianarealestateinstitute.com for Indiana real estate classes.   A-Ha LINKS   Email [email protected]   Web www.ahareep.com   Facebook https://www.facebook.com/AHA.REEP   YouTube https://www.youtube.com/channel/UCrxAjI5Li4Ll3Epwcyc0i6A

Episode 105 - Real Estate Exam Questions: Appraisal/Valuation Principles and Math Going through state exam questions to help real estate students pass their state exam. We are not ONLY in Indiana. We are a nationwide service. List of recent grads: Carmen, Mosi, Eliana, Addyson, Grace, Haven, Martha, Theresa, Brianna, Jessie, Aubrey, Katelyn, April, Shelby, Joe, Brandon, Aramis, Jada, Jose, Mason, Kylei, Phoebe, Jackie, Amelia, Maite, Selena, Janessa, Sh'Nyah, Mariana, Esmeralda, Lesley, Sav, Tommy, Rebecca, Ihsan, Maddy, John, Ylanerie, Madison, Gretchen, Tiffany, Nicole, Honour, Randi, Kimberly, Amy, Santiago, Dawn, Jessica, Shannon, Rina, Katherine, Amber, Kayleigh, Gabriel, Brian, Ian, Wendy, Lisette, Lisa, Brooke, Jean, Starlynn, Simone, Andrew, Lori, Samantha, and Emma. Listener messages from Samantha and Emma. Go to www.brianclee.com for Real Estate Between the Lines podcast Value – DUST or STUD Anticipation Highest and Best Use Increasing and Diminishing Returns Regression vs. Progression Substitution Sales comparison approach Cost approach Income approach Exam Questions   Go to www.ahareep.com and sign up for the program for only $35, use discount code: legend15 to save 15% off.   Go to www.indianarealestateinstitute.com for Indiana real estate classes.   A-Ha LINKS   Email [email protected]   Web www.ahareep.com   Facebook https://www.facebook.com/AHA.REEP   YouTube https://www.youtube.com/channel/UCrxAjI5Li4Ll3Epwcyc0i6A

Episode 104 – Podcast Update Going through state exam questions to help real estate students pass their state exam.   Quick update on the podcast and what I have been up to.   Bookmark www.aharealestateacademy.com for new classes in many other states.   Go to www.ahareep.com and sign up for the program for only $35, use discount code: legendary15 to save 15% off.   Go to www.indianarealestateinstitute.com for Indiana real estate classes.   A-Ha LINKS   Email [email protected]   Web www.ahareep.com   Facebook https://www.facebook.com/AHA.REEP   YouTube https://www.youtube.com/channel/UCrxAjI5Li4Ll3Epwcyc0i6A

Episode 103 - Real Estate Exam Questions: Real Estate Finance, Lending & Math, Part 2 Going through state exam questions to help real estate students pass their state exam.   01:35 – Thank you for helping me reach 500,000 downloads!! 02:40 – Find you support system to get you through the class, the exam, and your career. 05:55 – List of recent grads: Andrea, Dylan, Matt, Karina, Iris, Ricardo, Yadira, Miracle, Jennifer, Brittany, Antonio, Dominic, Ashley, Kristian, Halie, Rikkel, May, Blanca, Mayra, Chellsea, Marilyn, Leslie, Talia, Max, Danielle, Madelene, Sherry, Brooklyn, Gracelyn, Dar, Lillian, Alexander, Carmen, Tosin, Davonnia, Micah, Maria, Marcus, Lawrence, Bernadine, Fabiola, Ana, Jose, Natasha, Rachel, Alicia, Abby, John, Jason, Brandon, Oliver, Karla, Erin, Ameca, and Scott. 07:40 – Listener Messages from Matt and Karina. 12:05 – Episode Focus: Finance and lending in real estate, part two. 12:45 – Primary versus Secondary mortgage market. 15:40 – Loan to Value; LTV; loan and downpayment. 23:40 – Private Mortgage Insurance (PMI) and Mortgage Insurance Premium (MIP); Homeowner's Protection Act of 1998; Conventional loan; loan amount higher than 80% or downpayment lower than 20%. 27:25 – FHA and VA loans; insured versus guaranteed loans. 30:10 – Loan types: straight loan, adjustable-rate mortgage (ARM; index, margin, and rate caps), balloon loan, reverse mortgage, package loan, blanket loan, wraparound loan, home equity loan (HELOC), bridge loan, and buydown mortgage. 53:20 – Truth In Lending Act (TILA) and Regulation Z; applies only to residential loans; annual percentage rate (APR), three day right of recission; advertising; trigger terms. 1:04:10 – Reach out to me if you are seeing questions about credit scoring and/or loan underwriting. 1:05:15 - Exam questions 1:26:45 – July's episode is all about appraisal and valuation; income approach, and other appraisal terms you will need to know to pass the real estate exam.   Go to www.ahareep.com and sign up for the program for only $35, use discount code: legendary15 to save 15% off.   Go to www.indianarealestateinstitute.com for Indiana real estate classes.   A-Ha LINKS   Email [email protected]   Web www.ahareep.com   Facebook https://www.facebook.com/AHA.REEP   YouTube https://www.youtube.com/channel/UCrxAjI5Li4Ll3Epwcyc0i6A

Episode 102 - Real Estate Exam Questions: Real Estate Finance, Lending & Math, Part 1 Going through state exam questions to help real estate students pass their state exam.   02:05 – B's Message: Making mistakes is better than faking perfection. 06:30 – List of recent grads: Andrea, Joyce, Lynn, Adrienne, Abigail, Jessica, Angela, Sara, Marquita, Kimmy, Bruno, Eric, Jennifer, Rina, Daisy, Sabrina, Shauna, Marie, Anne, Renae, Staci, Samantha, Joey, Steven, Barbara, Tina, Elizabeth, Karen, Ashley, Lewis, Veronica, Adam, Delaney, Dianna, Claudia, Bryant, Perry, Melissa, Sheila, Tina, Frank, Lane, Daniel, and Jade. 08:30 – Listener Message from Andrea 12:20 – Episode Focus: Finance and lending in real estate, part one. Part two will come out in June. 14:00 – PITI payment; Principal, Interest, Taxes, and Insurance. 18:15 – DTI; Debt to Income ratio. 21:35 – Promissory note; IOU; contract between the borrower and the lender. 24:10 – Mortgage – verb and noun (lien); hypothecation; mortgagor and mortgagee; lien theory versus title (trust) theory. 31:55 – Interest payments; Formula: Loan amount x Periodic Interest Rate = Periodic Interest Payment; interest rate is almost always expressed as an annual rate. 37:40 – Discount point; increases yield to lender; reduces interest rate paid by borrower; value of a discount point; Formula: Loan Amount x Discount Point (as a percent) = Cost of Discount Point. 46:55 – Mortgage clauses: acceleration clause, defeasance clause (satisfaction of mortgage), and alienation clause. 52:15 – Foreclosure: judicial versus non-judicial; deed in lieu of foreclosure; short sale; redemption (equitable right versus statutory right); deficiency judgement. 1:00:25 – Exam questions 1:34:20 – June episode is part 2; LTV (loan to value), loan types, and governmental regulations (RESPA and TILA).   Go to www.ahareep.com and sign up for the program for only $35, use discount code: legendary15 to save 15% off.   Go to www.indianarealestateinstitute.com for Indiana real estate classes.   A-Ha LINKS   Email [email protected]   Web www.ahareep.com   Facebook https://www.facebook.com/AHA.REEP   YouTube https://www.youtube.com/channel/UCrxAjI5Li4Ll3Epwcyc0i6A

Episode 101 - Real Estate Exam Questions: Fair Housing Going through state exam questions to help real estate students pass their state exam.   03:00 – Message of kindness and respect. Open your mind! 09:50 – List of recent grads: Brandon, Elmer, Bronda, Cindy, Layton, Maxwell, Dillon, Philip, Alayna, Michael, Angela, Cullen, Avery, Barrett, Nanticia, Kyle, Raven, Whitney, Milan, Mandy, Albert, Halim, Janice, Alisia, Claudia, April, Janeva, Martina, Abbey, Ella, Isaiah, Betty, Dana, Juston, Darian, Jennifer, Conner, Richard, Zaria, Ruth, Dajon, Rhonda, Michelle, Morgan, and Kasandra. 11:05 – Message from Brandon. 12:50 – Episode Focus: Fair housing 13:30 – Know the years; Civil Rights Act of 1866; only race was the protected class. 14:35 – Fair Housing Act; Title 8 (VIII) of 1968; race, color, national origin, and religion. 16:10 – Sex/Gender added in 1974; Familial status and disability were added in 1988. Sexual orientation is not a federal protected class. 17:30 – Familial status defined. 19:35 – Disability: physical and mental 21:30 - Reasonable accommodations 23:50 – Security deposit issues. 27:10 – Service animals and how tenant selection and security deposits work. 30:20 – Exceptions to fair housing laws. Discriminatory advertising. Race is NEVER an exception to the fair housing laws. 35:40 – ADA; American with Disabilities Act; workplace, commercial, industrial, retail, and office spaces. 15 or more employees. 37:05 – Fair housing practices: Blockbusting, Steering, and Advertising. 41:35 – Lender issues and fair housing; ECOA (Equal Credit Opportunity Act); added marital status, age, and reliance upon public assistance as protected classes. 44:25 – Redlining. 45:20 – Enforcement is through the Department of Housing and Urban Development (HUD); unless complaint is based upon race, then the complaint goes directly to federal courts. 46:50 – These are the general, federal rules on fair housing. There is more to the federal, state, and local laws. Watch for the distinctions on your questions. 48:40 – Exam questions 1:12:35 – May and June episodes will be a two-part series on lending principles, practices, and math. So much content to cover, I had to split it into two shows. Come back for more to help you pass the real estate exam.   Go to www.ahareep.com and sign up for the program for only $35, use discount code: legendary15 to save 15% off.   Go to www.indianarealestateinstitute.com for Indiana real estate classes.   A-Ha LINKS   Email [email protected]   Web www.ahareep.com   Facebook https://www.facebook.com/AHA.REEP   YouTube https://www.youtube.com/channel/UCrxAjI5Li4Ll3Epwcyc0i6A

Bonus Episode – 2024 NAR Settlement Discussion Thoughts and facts and full truthes about the NAR settlement with actual background and history. A lot of misinformation out there.  Biased news media and social media participants are looking for clicks, likes, and shares so they get money.  This episode is about the entirety of the truth along with the good and bad of the issue.  History of commissions  Legal issues and practices  How the "news" works  Settlement provisions: a.       Eliminate and prohibit the REQUIREMENT that listing Realtor brokers or sellers must make offers of compensation to a buyer's agent. b.       Prohibit Realtors from making an offer of compensation on the MLS or disclosing on the MLS any buyer agent compensation, listing compensation, or total compensation. c.       Require Realtor MLSs to eliminate broker compensation fields on the MLS and prohibit the use of any other field in the MLS to display compensation. d.       Eliminate and prohibit any requirements conditioning participation or membership in NAR on offering or accepting offers of compensation. e.       Agree not to create, facilitate, or support any non-MLS mechanism (Ex. Zillow, private websites, etc.) for listing brokers to make offers of compensation to buyer brokers. This rule is not violated if: f.        Unless state or federal (none to date and likely never will) law says differently, all Realtors (again, not all agents) working with a buyer must enter into a written agreement BEFORE the buyer tours any home with the following: g.       Prohibit Realtors from representing that their services are "free" or "no cost" to buyers unless they will not receive any form of financial compensation. h.       Realtors must conspicuously disclose to sellers and obtain seller approval for any commission the listing broker will provide to a buyer's agent. i.         Realtors must conspicuously state in the contract that broker commissions are not set by any law and are fully negotiable. j.         Realtors must not filter out listings that do not offer commissions.  What happens going forward?  How will things work?  Valuation of property and cash equivalency with mixed commission policies  What else should have been included?  We will get through this like every other bump in history.  Go to www.ahareep.com and sign up for the program for only $35, use discount code: legendary15 to save 15% off.  Go to www.indianarealestateinstitute.com for Indiana real estate classes.  A-Ha LINKS  Email [email protected]  Web www.ahareep.com  Facebook https://www.facebook.com/AHA.REEP  YouTube https://www.youtube.com/channel/UCrxAjI5Li4Ll3Epwcyc0i6A

Episode 100 - Real Estate Exam Questions: Fee Simple and Life Estates Going through state exam questions to help real estate students pass their state exam.   01:20 – We hit episode number 100!!! 02:35 – Be careful where you get your information for your exam questions. Not all are the same. Watch for state specific topics versus the general/national portion of the exam. 06:20 – Example: the value of a point in relation to the interest rate reduction. 08:10 – List of recent grads: Sara, Jamila, Sharon, Breanna, Tim, Kap, Jaquie, Natalie, Shana, Austin, Sheila, Simon, Grant, Marlainna, Maya, Kennedy, Deborah, Sydney, Bridgette, Michael, John, April, Janeva, Martina, Elishia, Jessica, Naomi, Christina, Matthew, Maria, Sophia, Loren, Brandi, Eric, Dominique, Odonel, Jordan, Mark, Dana, Andres, James, Kiana, Anitra, Dayanna, Nathanial, Tatiyon, and David. 09:15 – Messages from Sara and Tatiyon. Common theme: breathe and listen to all the A-Ha episodes. 14:30 – Episode Focus: fee simple, fee simple absolute, fee simple defeasible, and life estates. 16:10 – Freehold and Non-Freehold estates. 19:00 – Fee simple and fee simple absolute. 21:40 – Fee simple defeasible: a qualified fee estate that is subject to the occurrence or nonoccurrence of some specified event. 23:30 – Three forms of fee simple defeasible: determinable, subject to condition subsequent, and subject to executory limitation. One main difference: if the condition is not met, who gets the property? 27:30 – Determinable versus subject to condition subsequent; words and phrases distinguish them; how does the property go back to the original grantor; lawsuit required? Possibility of reverter or right of reentry (power of termination.) 30:45 – Fee simple subject to condition subsequent: right of reentry/power of termination; the original grantor must bring a court action to exercise their right to reenter the property. 36:35 – Watch who has the future interest. Is it the original grantor or some third party? 38:10 – Life estate; life tenant; pur autre vie; remainder and reversion/reversionary interest; when is a life estate inheritable or transferable? 40:45 – Pur autre vie examples. What can a life estate holder do? Inheritable. 44:55 – What happens when the defined life is extinguished, who gets the property interest? Reversion/reversionary interest or remainder interest (remainderman). 49:45 – Legal life estate – state law that recognizes dower and curtsey rights, or homestead right. 51:10 – Exam questions 1:06:15 – April's episode will be about fair housing. Come back for more to help you pass the real estate exam.   Go to www.ahareep.com and sign up for the program for only $35, use discount code: legendary15 to save 15% off.   Go to www.indianarealestateinstitute.com for Indiana real estate classes.   A-Ha LINKS   Email [email protected]   Web www.ahareep.com   Facebook https://www.facebook.com/AHA.REEP   YouTube https://www.youtube.com/channel/UCrxAjI5Li4Ll3Epwcyc0i6A

Episode 099 - Real Estate Exam Questions: Leasing Going through state exam questions to help real estate students pass their state exam.   01:35 – February: I feel your pain. A lot of new and intense information. Law school is just as much "fun". 05:07 – List of recent grads: Andrew, Grace, Jacob, Tylea, Kayla, Erica, Denzel, Kyle, Anu, Sharika, Brandy, Jesika, Matias, Omayra, Kemberly, Denise, Wallace, Ingrid, Ryan, Jonathan, Kendall, Orchid, Len, Gail, Ashley, Joseph, Monica, Kay, Latoya, Cierra, Britney, Kiana, Stephanie, Asia, Thomas, Shelley, Krystyn, Madeleine, Kynia, Andrew, Kellie, and Sam. 06:55 – Messages from Jonathan and Ryan. 09:45 – Episode Focus: leasing; pay attention to the legal pieces and "forget" what you know about the real world of rental situations. 12:20 – Parties to the lease: lessor (landlord) and lessee (tenant). Bundle of legal rights and what rights do each party have? Leased fee vs. Leasehold. Reversionary rights. Statute of frauds – lease for less than 12 months. 20:00 – Types of leasehold estates: Estate for years, Estate from period to period (Periodic tenancy), and estate at will. Estate at sufferance, holdover tenant at sufferance. 34:10 – Leasing consideration: possession of premises (quiet enjoyment); use of premises; security deposit (possession vs. ownership); Assignment versus Sublease; Nondisturbance clause. 44:00 – Types of leases: gross, net, and percentage leases; variable leases (graduated lease and index lease); ground lease. 51:10 – Breach in a lease: if tenant breaches, landlord remedy is to evict tenant; if landlord breaches, tenant remedy is constructive eviction. 52:25 – Leasing of real estate law exam questions. 1:04:10 – Calculation rental price per square foot: $18/square foot for 2,400 square feet of space: $18 x 2,400 =- $43,200 / 12 = $3,600. 1:07:50 – March's episode will be about Closing a real estate transaction (also known as close of escrow). I will get into the mechanics of a closing, the federal oversight including RESPA, TRID, and Truth in lending, and finish with an in-depth explanation of proration including debits, credits, accrued and prepaid items, and the math behind the glory of proration.   Go to www.ahareep.com and sign up for the program for only $35, use discount code: legendary15 to save 15% off.   Go to www.indianarealestateinstitute.com for Indiana real estate classes.   A-Ha LINKS   Email [email protected]   Web www.ahareep.com   Facebook https://www.facebook.com/AHA.REEP   YouTube https://www.youtube.com/channel/UCrxAjI5Li4Ll3Epwcyc0i6A

Episode 098 - Real Estate Exam Questions: Agency Going through state exam questions to help real estate students pass their state exam.   01:00 – January: Happy New Year! Think outside the box and try to understand other perspectives. 03:55 – List of recent grads: Jessica, April, Janeva, Martina, Elishia, Naomi, Christina, Mathew, Marie, Sophia, Loren, Brandi, Eric, Dominique, Jordan, Mark, David, Isamar, Kyle, Raven, Whitney, Mandy, Albert, Maggie, Janice, Alisia, Anissa, Claudia, Phillip, Elmer, Layton, Maxwell, Dillon, Alayna, Angela, Prabjeet, and Cullen. 05:20 – Message from Jessica. 07:15 – Episode Focus: agency 08:00 – The parties involved in agency: agent, principal (client), and customer. 13:00 – Creating agency: express agency and implied agency; compensation does not affect agency. 19:05 – Fiduciary responsibilities: COLD AC or OLD CAR; care (reasonable care), obedience, loyalty, disclosure, accounting, and confidentiality. 31:10 – Single agency versus dual agency (limited agency); requires informed consent. 35:10 – Designated agency, in house transaction. 37:40 – Customer – don't help but don't hurt. Do not provide service or assist them. Be cautious with unintended actions or words. 39:10 – Puffing, fraud, and negligent representation. 44:25 – Contract law exam questions. 1:09:30 – February's episode will be about leasing of real estate: types of leases, rights of landlord and tenant, eviction, and more.   Go to www.ahareep.com and sign up for the program for only $35, use discount code: legend15 to save 15% off.   Go to www.indianarealestateinstitute.com for Indiana real estate classes.   A-Ha LINKS   Email [email protected]   Web www.ahareep.com   Facebook https://www.facebook.com/AHA.REEP   YouTube https://www.youtube.com/channel/UCrxAjI5Li4Ll3Epwcyc0i6A