The Ultimate Real Estate Exam Cheat Sheet pdf

Before you take your real estate license exam, you must understand all the main real estate vocabulary. Otherwise, you could misinterpret questions and give wrong answers. Avoid that student nightmare by keeping close to our Summary Guide, an ebook like a real estate exam cheat sheet pdf to help you prepare for the test.

We know that there’s a lot of information and difficult explanations out there, making students feel overwhelmed and discouraged. That’s why we kept this summary real estate study guide simple. Reading it will be like having a personal tutor explaining all the vocabulary in straightforward terms and examples. Is appraisals a complex topic? Just go to that chapter and read quickly the definition there.

Imagine starting the test and feeling fully prepared and ready to tackle anything they throw at you. And to pass on the first try! That’s what this real estate book is all about.

A Real Estate Exam Cheat Sheet that Turns Complex Concepts into Practical Insights

Lexawise Summary Real Estate Study Guide is not another real estate exam study guide; it is the cheat sheet you’d want to have with you at all times in this journey to conquer the licensing test. Why? Because it’s not just extensive, it’s easy to read and incorporates examples to help you picture the situations and concepts like no other.

This took a lot of effort from our real estate experts to make sure all real estate vocabulary words had the right but easy-to-learn the definitions and make sure everything is clear with similar terms.

For example, here is a preview of our definition of novation:

Novation in real estate contracts is like passing the baton in a relay race. It’s like when one party in an agreement says, “Hey, I can’t continue, but I found someone who can take my place!” To novate is to create a new contract to substitute one party with another. The new party then assumes the rights and responsibilities of the former one. It’s important to note that novation differs from an assignment, where the original party to the agreement retains ultimate responsibility.

And here’s another with the types of real estate contracts, this time in an infographic:

Besides, the book’s structure includes a logical order for each chapter, guiding you through new concepts step by step.

More than 100 Real Estate Definitions in our Real Estate Cheat Sheet

We made sure the real estate cheat sheet sums up essential exam vocabulary so it could cover the most common definitions that could appear in your test. With more than 100 terms, this ebook tackles major topics, ordered into eight chapters that explain each of the concepts regarding them in specific subtitles.

Here are the eight chapters with significant topics you can find in the real estate exam prep book:

1. Agency (Agent, broker, realtor, fiduciary duties, commissions, etc.)
2. Property Ownership (real vs. personal property, fixtures, attachments, etc.)
3. Land Use Control and Regulations (Encumbrances, public controls, private controls, etc.)
4. Contracts (clauses, valid contracts, contract classifications, etc.)
5. Financing (mortgage, deed of trust, seller financing, foreclosure, etc.)
6. Valuation and Market Analysis (appraisal, types of depreciation, etc.)
7. Transfer or Property (title insurance, deeds, closing, escrow, taxes)
8. Additional Laws and Regulations (Fair Housing Act, Truth in Lending Act, etc.)

Up-to-date Real Estate Exam Cheat Sheet to Study with Confidence

The real estate vocabulary explained in our Summary Guide Ebook is vast and up-to-date. This is an important aspect to consider when you search for the best real estate license study guides and books. If you are not careful, you may find outdated information that may confuse you later! For example, with the National Association of Realtors’ lawsuit, there have been changes in how commissions work for agents and brokers.

In that regard, Lexawise has you covered. Our real estate prep test book was made and released this year with the most current information. In any case, always check the date of our Summary Guide; we will keep updating it as needed in the future.

Study Tips to Make Real Estate Exam Vocabulary Easier to Learn

Another plus you won’t find in other exam prep ebooks is our Study Tips. Along with the real estate exam study guide, you’ll have Study Tips to help you memorize and understand some concepts better. For example, a simple way to learn the difference between real and personal property, acronyms for memorizing the fiduciary duty, and summarized bullet point lists to explain the types of mortgages.

These little bittes of knowledge and insights will help you get everything better. A great extra to guide you to exam success!

How To Download the Real Estate Exam Cheat Sheet pdf?

Our ebook is available in PDF as part of our real estate exam prep toolkit. If you’re a Lexawise student, you already have free access to it. If not, just sign up to Lexawise and enjoy not only the e-book but also many study resources for an unbeatable price. Study smarter, not harder!

Why Choose Lexawise for Your Real Estate Exam Prep?

Lexawise is an exam prep designed to help you pass the real estate licensing test the first time. It has the biggest and most up-to-date database of real estate questions and answers, and it’s accessible from any device. All the content is national and state-specific, so you can prepare for the agent or broker exam wherever you are in no time.

We’re proud of our four-step study system, which focuses on vocabulary, practice exams, study by category, and realistic simulated exams. This system has helped thousands of students achieve their dream success. Get exam-ready with Lexawise!

Our exam prep toolkit offers:

• Real estate agent/broker exam prep
• 4,500 expert-crafted questions and answers with detailed explanations
• National and state-specific content with your state’s latest rules and regulations
• Unlimited practice tests
• Realistic timed exams
• 800+ flashcards
• Explainer videos
• Audios lessons
• Tests by topic: focus your study efforts in selected categories (including math!)
• Study resources: Summary Guide and Math Guide Ebooks
• Progress Indicator: Know when you are 100% ready to pass your license test.
• Study anywhere: apps for iOs and Android devices, and user-friendly design that works on all devices.

Passing the real estate exam is as challenging as rewarding. Many hours of worries and efforts are at risk, that’s why getting the right exam prep is vital to conquer that last step that separates you from an exciting career in real estate. Choose Lexawise, and you’ll confidently pass that exam on the first attempt.