Massachusetts Real Estate Broker Course
Flexible Online Learning • Video & Audio Instruction • Study on Your Schedule
Flexible Online Learning • Video & Audio Instruction • Study on Your Schedule
40-Hour Massachusetts Broker Course • Online Audio & Video
Welcome to Your Massachusetts Online Broker Course
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How to use this online course
Before you begin...
Welcome to R-Pal Real Estate Academy's Massachusetts Broker Course
Introduction to Real Estate (Chapter 1)
Principles of Real Estate Practice in Massachusetts
Table of Contents
Table of Contents (cont)
The Real Estate Business
Real Estate Professions
Real Estate Professions (cont)
Real Estate Brokerage
Skills & Knowledge
Professional Organizations
Regulations & Licensing
Real Estate License Laws
Test your learning
FREE PREVIEWRights in Real Estate (Chapter 2)
Real versus Personal Property
Real Estate as Property
Land Characteristics
Real Estate as Property
Bundle of Rights
Real Estate as Property
Real estate Property Rights
Air, Surface & Subsurface Rights
Water Rights
Property
Littoral & Riparian Rights
Water Rights (cont)
Explanation of Water Rights
Real versus Personal Property
Which is Which?
Trade Fixtures
Conversion
Real Property Interests
Regulations
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FREE PREVIEWInterests And Estates (Chapter 3)
Freehold & Leasehold Estates
Interests
Real Estate Interests
Estates in Land
Freehold Estates
Fee Simple Estates
Life Estates
Conventional Life Estates
Legal Life Estates
Leasehold Estates
Estate for Years
Estates at Will
Test your learning
FREE PREVIEWOwnership (Chapter 4)
Ownership Rights
Sole Ownership
Tenancy in Severalty
Co-Ownership
Tenancy in Common
Joint Tenancy
Joint Tenancy
Tenancy by the Entirety
Community Property...Not in Massachusetts
Tenancy in Partnership
Estates in Trust
Living Trusts
Condominiums
Condos (cont)
Cooperatives
Time-Shares
Test your learning
FREE PREVIEWCongrats! Here's what's next...
More resources for you
Before you go...
FREE PREVIEWLiens And Encumbrances (Chapter 5)
Various Liens
Encumbrances
Affecting of Encumbrances
Easements
Types of Easements
Party Walls
Appurtenant Easements
Attaching Easements
Necessity Easements
Easements in Gross
Commercial Easements
Creation of Easements
Termination of Easements
Unauthorized Encroachments
Easement by Prescription
Licenses
Deed Restrictions
Conditions & Covenants
Liens
Voluntary & Involuntary Liens
Foreclosures
General versus Specific Liens
Deed in Lieu of Foreclosure
Lien Priority
Superior Liens
Types of Foreclosures
Non Judicial in Massachusetts
Junior Liens
Mortgage Liens
Lis Pendens
Other States are Judicial
Massachusetts Non Judicial
Lien Priority
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FREE PREVIEWTransferring and Recording Title in Real Estate (Chapter 6)
Title to Estate
Legal & Equitable Title
Notice of Title
Actual Notice
Voluntary Title Transfer
Involuntary Transfer
Deed of Conveyance
Valid deed
Deed Clauses
Deed Warrants
Statutory Deeds
Quitclaim Deeds in Massachusetts
Special Purpose Deeds
Deeds in Trust
Transfer Tax
Wills
Witnessed Wills
Validity of Wills
Probate
Validation
Involuntary Transfers
Eminent Domain
Adverse Possession
Title Records
Chain of Title
Recording Systems
Title Evidence
Title Records
Torrens System
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FREE PREVIEWReal Estate Leases (Chapter 7)
Lease Contracts
Contracts
Leasehold Estates
Tenants Rights & Obligations
Landlord Rights & Obligations
Lease Validity
Offer & Acceptance
Lease Clauses
Rules & Regulations
Lease Types
Gross, Net & Percentage Leases
Residential & Commercial Leases
Ground & Proprietary Leases
Defaults
Termination
Causes
URLTA
Regulations of URLTA
Obligations in URLTA
Tenant Obligation in URLTA
Landlord Obligations in URLTA
Test your Learning Skills
FREE PREVIEWLand Use Planning And Control (Chapter 8)
Land Use
Real Estate Planning
Planning Process
Planning Commission
Master Plan
Planning Objectives
Growth Considerations
Patterns
Infrastructures
Plan Development
Planning Management
Public Land Use
Zoning
Types of Zoning
Board of ADJUSTMENTS
Zoning Appeals
Subdivision Regulations
Building Codes
Acquisitions
Environmental Restrictions
Deed Restrictions
Declaration Restrictions
Environmental Areas of Concern
Air Quality Issues
Soil & Water Issues
EMF
Legislation
Major Issues
Lead
Liabilities
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FREE PREVIEWLegal Descriptions (Chapter 9)
Metes & Bounds
Purpose
Three Methods of Description
Landmarks
Methodology
Graphs
Directions
Illustrations
Rectangular Survey Method
Tiers
Townships
Flow Chart
Diagrams
Fractions & Sections
Breakdown
Describing Methods
Recorded Plat Method
Subdivision Maps
Elevation
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FREE PREVIEWReal Estate Contract Law (Chapter 10)
Contract Validity
Contracts Defined
Enforceability
Requirements
Validity Criteria
Legal Purpose & VOLUNTARY
Conveyance Contracts
Enforcement Limitations
Contract Creations
Counteroffers
Offer & Acceptance
Termination of Offers
Assignments
Oral versus Written
Express versus Implied
Unilateral versus Bilateral
Executed versus Executory
Forms of Terminations
Revocation and Others
Breach of Contract
Test Your Skills
FREE PREVIEWAgency (Chapter 11)
Agency Relationships
Roles
Types of Agency
Creation of Relationships
Terminating a Relationship
Fuduciary Duties
Duties to Clients
Confidentiality
Duties to a Customer
Principal Duties
Breach of Duties
Forms of Agencies
Single Agency
Dual Agency
Duties of Dual Agency
NO Agency
Objectives of Disclosures
Seller Agent Disclosures
Buyer Agency Disclosures
Rules
Test your skills!!
FREE PREVIEWListing Agreements (Chapter 12)
The Foundation
Listings
Agency Law
Scope of Authority
Contract Law
Owner Listings
Exclusive Right to Sell
Exclusive Agency
Open Listings
Net Listings
Buyer & Tenant Representation
Types of Listings
Agent Performance
Agent Compensation
Listing Terminations
Causes
Revoking a Listing
Agreement Clauses
Common Clauses
Listing Terms
Protection Period
Seller Reps
Property Disclosures
Differences
Transaction Brokerage
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FREE PREVIEWThe Brokerage Business (Chapter 13)
Functions & Organizations
Core Activities
Brokerage Specializations
Legally
Brokerage Organizations
Sales Employment Status
Agent Obligations
Broker-Salesperson Relationship
Agent Compensation
Steps
Marketing Listings
Pre-Closing Organizations
Advertising Regulations
TCPA
Can Spam Act
Anti Trust Laws
Operating a Real Estate Brokerage
Anti Trust No No's
Business Brokerage
Regulations
Syndicating
Securities
Legal Relationship
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FREE PREVIEWContracts for the Sale of Real Estate (Chapter 14)
Contracts for The Sale of Real Estate
Contract for Sales
Legal Characteristics
Characteristics (cont)
Contract Creation
Earnest Money Escrow
Contract Contingencies
Default
Primary Provisions
Closings Dates
Conveyed Interest
Defaults
Secondary Provisions
Sales Contract Provisions
SPCD
Agent Responsibilities
Completing the Form
Option to Buy
Contracts for Option to Buy
Provisions
General Characteristics
General Mechanics
Interests and Rights
Default and Recourse
Practical cautions
Contract Quiz
FREE PREVIEWReal Estate Market Economic (Chapter 15)
The Market System
Dynamics
Supply and Demand
Price & Value
Components of Value
Costs
Market Interaction
Supply, Demand & Price
Market Equilibrium
Economic Characteristics
Features
Dynamics of Marketing
Real Estate Supply
Real Estate Demand
Influences
Base & Total Employment
Effects
Indicators
Cycle
Cycle Dynamics
Economic Factors
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FREE PREVIEWAppraising and Estimating Market Value (Chapter 16)
Real Estate Value
Benefits
Foundation
Underlying Value
Anticipation
Change
Progression & Regression
Type of Value
Plottage
Appraised
Market Value
Opinion of Value
Steps to Follow
Sales Comparison Approach
Steps to follow
Adjusting Comparables
Guidelines
Cost Approach
Depreciation
Economic Obsolence
Steps to follow
Estimation
Accrued Depreciation
Income Capitalization Approach
Steps to follow
Cap Rate
GRM & GIM
Formulas
Regulations for Licensure of Appraisers
Professional Standards
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FREE PREVIEWReal Estate Finance (Chapter 17)
Mortgage Lending
Mechanics of the Loan
Flow Chart
Trust Deed
Financial Components
APR
POINTS
Note & Mortgage
Promissory Note
Mortgage Documents
Loan Application
Underwriting
ECOA
Income Qualifications
Income Ratios
Formulas
Debt to Income
Cash Qualifications
Closing a Loan
Major Financing Laws
Regulation Z
ECOA
RESPA
FEMA
Money Supply
Federal Reserve
Primary Market
Secondary Market
Money Flow
FNMA, GNMA & FHLMC
Loans
Loan Components
Loan Types
Seller Financing
Contracts for Deed
Special Purpose Loans
Reverse Annuity
Test your skills!!
FREE PREVIEWReal Estate Investment (Chapter 18)
Investment Fundamentals
Real Estate Investments
Real Estate Rewards
Risks
Types of Investments
Non Income & Income Producing
Risk & Rewards
Entities
LLP
Taxation
Cost Recovery
Capital Loss and Gains
Adjusted Basis
Appreciation
Calculating Appreciation
Tax Deductions
Tax Liability
Gains on Sales
Pre-Tax Cash Flow
Deriving
Investment Analysis
Income Property
NOI
DCF
Test your skills!
FREE PREVIEWReal Estate Taxation (Chapter 19)
Tax Entities
Property Tax
Tax Districts
Ad Valorem Taxes
Tax Base
Assessed Value
Homestead Exemption
Other Exemptions
Tax Rate Derivation
Identifying
Tax Rate Mills
Tax Billing
Tax Bill Calculations
Special Assessments
Tax Lien Enforcement
Tax Certificate
Tax Sale
Test your skills!!
FREE PREVIEWEthics: Laws and Practice (Chapter 20)
Aims
Federal & State Standards
Fair Housing Laws
Civil Rights Act Of 1968
Illegal Discrimination
Prohibited Acts
Anti Trust Laws
Poster
1988 Act
Familiar Status
Client Discrimination
Enforcement and Violations
Fair Financing Laws
Professional Practices
Duties
Non & Full Disclosures
Professionalism
The Law quiz
FREE PREVIEWClosings (Chapter 21)
The Closing Event
The Setting
The Process
Transfer of Title
Transfer of Funds
Escrow Procedures
Common Requirements
Brokers Role
RESPA
Purposes
TRID
Booklet
Loan Estimate
CD
Kickbacks
Settlement Process
Seling Terms
Debits & Credits
Non-Prorated Items
Continued Pro-Rated Items
Typical Prorations
Computing Prorations
12 Month/30 day Method
365 Day Method
State Taxes on Deed
State Taxes on Mortgage
Forms and Procedures
Good Faith
Applicable Transactions
Who Reports?
Closing Quiz!
FREE PREVIEWReal Estate Licensing And Regulations (Chapter 22)
State License Laws
Review of Laws
Legislation
Obtaining A License
Exempted Licensing
Types of licensing
License Status
Requirements
Real Estate Commission
Commission Regulation
Bonds & Recovery Funds
Regulation Quiz!
FREE PREVIEWRisk Management (Chapter 23)
Strategies
Risk
Risk Strategies
Reduction & Transference
Retention
Procedures
Disclosures
Documentation
Insurance
Primary Areas of Risk
Agency
Listing Risks
Contracting Process
Fair Housing
Advertising
Anti Trust
Primary Causes of Discipline
Misrepresentation
Fraud
Recommending Providers
Closing Risks
Trust Fund Risks
Test your skills!!
FREE PREVIEWProperty Management (Chapter 24)
Management Functions
Types of Managers
Management Duties
Functions
Reporting
Budgeting
Potential Income
Renting
Property Maintenance
Construction
Risk Management
Life Safety Systems
Insurance
Components
Landlord Rights
Managers Rights
Lease Types
Inclusions & Exclusions
Responsibilities of Landlords
Tenants Rights
Evictions
Terminations of Leases
Security Deposits Procedures
Management Specializations
Securing Business
Professional Development
Property Management quiz!
FREE PREVIEWLicensing Regulations (Chapter 25)
Sources
Real Estate Board
Structures
Duties
Powers
Activities
Exempt from Licensure
Licensing Activities
Types of Licenses
Business Entities
Non-Residence Licensing
Salespersons Education
Broker Education
Other license Requirements
Exclusions of Licensure
License Renewal
CE Requirements
Board Notifications
Broker Surety Bonding
License Status
Expired Status
Temporary Status
Prohibited Activities
Violations
Prohibited Activities
Disciplinary Process
Sanctions
Appraisal Licensing
Four Types
Violations
Education Requirements
Temporary Registration
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FREE PREVIEWRequirements Governing Licensees (Chapter 26)
Governing Licensing
Advertising
Steering
Prohibitions in Advertising
Continued Advertising
Broker-Salesperson Requirements
Employees versus IC
Status
Procuring Cause
Conflicts of Interest
Net Listings
Document Handling
Trust Accounts
Returns
Damages
Escrow
Office Maintenance
Out of State
Recordkeeping
Legal Advice
Appraisal Situations
Test your skills!
FREE PREVIEWTransaction-Related Issues
Related Issues
McCarthy Tobin
Tax Assessments
Tax Derivation
Property Taxes
Tax Billing
Tax Sale
Tax Stamps
Mortgage Discharge
Assessment Liens in Condos
Super Lien Laws
Time Shares
Mechanics
Articles
Security Laws
MUETA
Case Law
Homestead
Distribution Laws
Foreclosures
Short Sales
REOS
Lender Owned
Test your skills!
FREE PREVIEWConsumer Protection and Disclosures (Chapter 28)
Disclosures
Purpose
CPA
Deceptive Practices
Misrepresentation
Negligent versus Innocent
Caveat Emptor
Obligations
Affirmative Disclosure
Material Facts
Non-Material
Sellers Statements
Stigmatized Properties
Home Inspections
Brochure
Construction Warranty
Interest
Warranties
Home Warranties
Limitations
Anti Discrimination
Sanctions and Enforcements
Test your skills!
FREE PREVIEWAgency Relationships (Chapter 29)
Definitions
Key Agency Terms
Numerous Agencies
Consent
Disclosure Forms
Open Houses
Relationships
Buyer
Facilitator
Dual Agency
Designated Agency
Types
Test your skills!
FREE PREVIEWRental Property Regulations (Chapter 30)
Landlord-Tenant Issues
Tenant Fee Disclosure
Conditions
Lead paint
Deposits
Evictions
Breach
Exemptions
Deductions
Test your skills!
FREE PREVIEWEnvironmental Concerns and Hazards (Chapter 31)
Concerns
Smoke Detectors
Carbon Monoxide
Lead Paint Ban
Under Six
Lead Repairs
Tax Credits
Asbestos
Chlordane
Mold
Radon
UFFI
WPA
Water
OSA
Wild & Scenic Rivers Act
Tidal Water
Title V
Septic Issues
Storage Tanks
Fuel Usage
Contamination
Abatements
Stretch Code
Test your skills!
FREE PREVIEWHousing Regulations
Regulations to Fair Housing
Protected Classes
Fair Housing laws
Exemptions
Notices
Poster
ADA
Titles
Americans with Disabilities Act
HOA Regulations
Test your skills!
FREE PREVIEWReal Estate Math
Basic Formulas
Fractions
Multiplying Fractions
Formula
Converting decimals
Percentages
Percent
More Examples
More Functions
Calculating Area
Square Footage
Area of Triangle
Trapezoid
Legal Descriptions
Fractions & Sections
Area
Co-Broke Commission
Agents Commission
Percentage of Listing Price
Earnest Money Calculation
Rent Escalations
Adjusting Comparables
Income Capitalization
GRM
Finance
Loan Amounts & Rates
LTV
Underwriting Income Rates
Underwriting debt Ratio
Points Formula
Appreciation Formula
Investment Formula
Equity
Pre-Tax Flow
Tax Liability
Annual Depreciation
Capital gain Formula
Investment Depreciation
Investment Returns
Tax Rate Calculations
Homestead Exemption Calculation
Property Tax Formula
12 month/30 day method
365 Day method
Prorations
MATH FORMULA PAGE
Math Cheat Sheet
10% of your grade involves math problems
FREE PREVIEWChoosing a Realtor
PSI Certification Example
How to fill out the PSI Certification Booklet
PSI Frequently Asked Questions
ONLINE TESTING INFO THROUGH PSI
PSI Handout for Mass Law
Outline Study Guide
All in One STUDY GUIDE
QUICK STUDY QUESTIONS
RECIPROCAL LICENSE INFO
REAL ESTATE TERMS
PRACTICE MATH QUIZ
MORE MATH QUIZZES
PRACTICE EXAMS
PRACTICE EXAM ANSWERS
HARD PRACTICE EXAM
HARD PRACTICE EXAM ANSWERS
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