Test Prep Blog for the Real Estate License Exam Page 2

Truth in Lending

The phrase truth in lending is frequently heard during real estate financing, but it also applies to other types of credit. Its full meaning may not be clear to everyone, particularly with regard to all applications and how it is enforced. What It Is Truth in lending is required by the Truth i...
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Fair Housing Laws for Consumers

Purchasing a home can be one of the biggest decisions individuals make in their lives. Since the process isn’t routine for most people, it can be filled with uncertainty every step of the way. One thing consumers should keep in mind during their search for and purchase of a new home is that Fair...
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Fair Housing Laws for Real Estate Professionals

Modern Fair Housing laws come directly from the Fair Housing Act, which was passed in 1964. This Act protects people from discrimination when they are buying or renting a home, seeking a mortgage or housing assistance, and engaging in other housing-related activities. For federally assisted hous...
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Real Estate Tenancies

Real estate tenancies mostly refer to the ownership of land. There are a variety of ways that land can be divided and owned. Here, we will outline a few of the most common tenancies in real estate. In many cases, these tenancies vary greatly by state, so it is important to do your own research to...
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Real Estate: Ownership Rights for Natural Resources

Aside from the standard bundle of rights that comes with real estate ownership, there are a few more rights you need to be aware of. They mostly involve natural resources of the property and there is a good chance you’ll see some questions about these rights on the real estate test. Water Rights...
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Recent Posts

Real Estate No-Nos, Penalties, and Enforcement of the Rules

Purchasing or selling real estate can be fraught with uncertainty, espe

Disability Concerns in Real Estate

What Is the Law? The Americans with Disabilities Act (ADA), signed int

The Mortgage Loan Process

The mortgage loan process can be daunting for individuals who have neve