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For real estate agents

Real Estate License Prep

The national salesperson exam, with every math problem worked for you.

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What this covers

Every lesson is short enough to finish in one sitting and ends with questions that make you use what you just read.

  1. Property Ownership and InterestsWhat you actually own, who owns it with you, and what rides along with the land8 min
  2. Land Use and Government PowerThe four government powers, zoning, and the environmental rules agents must know8 min
  3. Agency and Fiduciary DutiesWho you work for, what you owe them, and the traps that end careers8 min
  4. ContractsWhat makes a deal binding, what kills it, and what happens when someone walks8 min
  5. FinancingNotes, mortgages, loan types, and the math lenders live by8 min
Show all 25 lessonsShow fewer lessons
  1. Valuation and AppraisalThree approaches to value and the math behind each one8 min
  2. Fair Housing and Federal LawProtected classes, prohibited acts, and the exemptions that vanish fast8 min
  3. Closing and Transfer of TitleDeeds, title insurance, and the settlement statement math8 min
  4. Legal Descriptions and SurveysThe three ways land is described, and how to read each one5 min
  5. Real Estate Math, WorkedEvery calculation on the exam, with the solution written out8 min
  6. Disclosures and Environmental HazardsWhat must be told, what must not be, and the hazards with federal rules6 min
  7. The Practice of Real EstateAdvertising, trust accounts, records, technology, and the rules that end licenses6 min
  8. Leases and Property ManagementLeasehold estates, lease types, and the manager's duties5 min
  9. Valuation in DepthThe principles behind value, and choosing the right approach6 min
  10. Contracts in DepthFormation, contingencies, breach, and the remedies the exam actually asks about10 min
  11. Agency in DepthCreating it, disclosing it, ending it, and the traps of representing both sides10 min
  12. Math Drill: Commissions, Percentages, and AreaType the answer, the way the exam makes you10 min
  13. Math Drill: Proration, Loans, and InvestmentClosing statements, points, LTV, and the income numbers10 min
  14. Value and Appraisal in DepthThe three approaches, making adjustments, and what an appraisal is not10 min
  15. Transfer of Title and RecordingDeeds, what title insurance covers, and why recording decides who wins9 min
  16. Financing and Settlement in DepthLoan programs, the instruments, the clauses, and what happens at the table10 min
  17. Property Characteristics and Land UseWhat the exam expects you to know about the land itself and who controls it9 min
  18. Fair Housing and Advertising ComplianceThe protected classes, the prohibited practices, and how advertising goes wrong9 min
  19. National Exam Timed Simulation: Set A40 items, 60 minutes, exam mode60 min
  20. National Exam Simulation: Full Length80 items, 100 minutes, exam mode100 min

A whole lesson, start to finish

Not a sample and not a summary. This is all of lesson 2, exactly as it reads in the app.

Lesson 2 of 25 · about 8 min

Land Use and Government Power

The four government powers, zoning, and the environmental rules agents must know

PETE: the four government powers

Private ownership is never absolute. Government holds four inherent powers over land, and the exam expects you to know each one cold, including which ones require compensation and which do not. The mnemonic is PETE: Police power, Eminent domain, Taxation, and Escheat.

Police power is the government's authority to regulate property to protect public health, safety, and welfare. Zoning ordinances, building codes, and environmental regulations all flow from police power, and the owner receives no compensation for complying. Eminent domain is different: it is the power to take private property for public use, and the Constitution requires just compensation. The legal process of that taking is called condemnation.

Taxation gives government the power to levy property taxes, which become liens with priority over almost everything else, including a first mortgage. Escheat is the quiet one: when an owner dies with no will and no findable heirs, the property passes to the state. Escheat exists so land never sits ownerless.

Compensation is the sorting key

Police power regulates and pays nothing. Eminent domain takes and must pay. If a regulation goes so far that it effectively takes all use of the property, the owner can sue in what is called inverse condemnation, arguing a taking occurred without payment.

Zoning, variances, and nonconforming uses

Zoning divides a community into districts and dictates use, density, height, and setbacks.

Remember

Exam pearl: the difference between a variance and a nonconforming use is timing. A variance asks permission for something new. A nonconforming use was already there before the rule changed. If the question says the business existed before the rezoning, it is nonconforming, not a variance.

Building codes and private restrictions

Building codes set minimum construction standards, enforced through permits and inspections. When construction passes final inspection, the municipality issues a certificate of occupancy, which certifies the building is fit for use and is required before anyone moves in. New construction sales routinely hinge on that certificate arriving before closing.

Deed restrictions, also called restrictive covenants or CC&Rs, are private limits written into deeds or recorded by subdivision developers, and they bind future owners. When a deed restriction and a zoning ordinance both apply and they conflict, the more restrictive of the two controls. If zoning allows four-unit buildings but the subdivision covenant limits lots to single-family homes, single-family wins.

Environmental basics agents are tested on

Federal law requires lead-based paint disclosure on the sale or lease of housing built before 1978. The seller must disclose known lead hazards, provide the EPA pamphlet, and give buyers a 10-day opportunity to conduct a lead inspection, which the buyer may waive. Agents share liability for making sure this happens.

Radon is a colorless, odorless radioactive gas that seeps from soil into basements and is the second leading cause of lung cancer; it is detected only by testing.

Asbestos, common in older insulation, is most dangerous when disturbed and friable, so encapsulation is often safer than removal.

Careful

The lead paint rule is federal law with real penalties, and the 1978 date is tested constantly. If the home was built before 1978, the disclosure, the pamphlet, and the 10-day inspection opportunity are mandatory. An agent who lets a seller skip it is personally exposed, not just the seller.

CERCLA, the federal Superfund law, governs cleanup of contaminated sites. Its liability is strict, joint and several, and retroactive, meaning a current owner can be forced to pay for contamination caused decades earlier by someone else. That is why commercial buyers order environmental site assessments before closing: performing proper due diligence supports the innocent landowner defense.

Property taxes and special assessments

General property taxes are ad valorem, meaning based on assessed value, and they fund ongoing services like schools and fire protection. A special assessment is a one-time levy against only the properties that benefit from a specific improvement, like new sidewalks, curbs, or a sewer line on one street. Both create specific liens against the property, and unpaid taxes can lead to a tax sale.

Now answer the question that follows it

This is one of 9 questions on that lesson. Pick an answer and it will tell you.

A city widens a highway and takes a 20-foot strip from the front of a homeowner's lot through condemnation, paying fair value. The same year, the city adopts a new setback rule that limits where the owner can build, with no payment. Which powers were exercised?

Terms you will own

Cards come back on a schedule built from how well you knew them last time, so the ones you keep missing show up more.

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