MASSACHUSETTS STATE LICENSURE EXAMINATION Real Estate Broker License Examination ExamFOCUS Study Notes & Review Questions 2012: Focusing on real ... management and state licensing issues

In MASSACHUSETTS, broker license applicants must have knowledge on topics state & nation-wise. This book focuses on: LEGAL DEFINITIONS AND CLASSIFICATIONS FREEHOLD ESTATE FEE SIMPLE FEE TAIL LIFE ESTATE NONFREEHOLD ESTATES ESTATE FOR YEARS ESTATE FROM YEAR TO YEAR TENANCY AT WILL TENANCY AT SUFFERANCE CONCURRENT ESTATES JOINT TENANCY TENANCY BY THE ENTIRETY TENANCY IN COMMON COVENANT RESTRICTIVE COVENANT OCCUPANCY CLASSIFICATIONS TITLE DOCUMENTS OVERVIEW TYPES OF DEED TYPICAL TERMS OF THE DEED EXECUTION, ACKNOWLEDGMENTS AND FILING DISCLOSURE OF DEFECTS AND RISKS DEALING WITH LOST DEED CONTRACT FOR DEED QUIET TITLE ISSUES, LIENS, ADVERSE POSSESSION, EASEMENT AND ENCROACHMENT TYPES OF PROPERTY AND PROPERTY VALUATION CLASSIFICATIONS OF REAL PROPERTY INCOME PROPERTY MULTIFAMILY BUILDING AND CONDOMINIUM HOUSING COOPERATIVE CERTIFICATE OF OCCUPANCY OCCUPANCY AGREEMENT DISABILITY INVESTMENT PROPERTY AND PROPERTY CYCLE PROPERTY APPRAISAL, CMA AND OTHER APPROACHES PROPERTY TAXES STATE SPECIFIC PROPERTY TAX ISSUES REAL ESTATE SALE & PURCHASE AGREEMENT SOURCE OF LAW CONTRACT TYPES OFFER, ACCEPTANCE, INVITATION TO TREAT & CONSIDERATION DISCHARGING OR INVALIDATING A CONTRACT BREACH OF CONTRACT CONTRACT LAW POINTS TO NOTE PRIVITY OF CONTRACT POSTAL RULE CONTRACTUAL MISTAKES CONTRACT INTERPRETATION ADR TYPICAL ELEMENTS OF A REAL ESTATE SALE AGREEMENT MORTGAGE, LOANS AND THE DEED OF TRUST PITI AND TITLE INSURANCE REAL ESTATE LISTING AND MANAGEMENT CONTRACTS OVERVIEW TYPES OF LISTING AGREEMENT AND COMMISSIONS IMPORTANT ELEMENTS OF A LISTING AGREEMENT BUYER REPRESENTATION AND AGENCY LAW OVERVIEW OF PROPERTY MANAGEMENT CONTRACTS SECTIONS OF THE CONTRACT FIDUCIARY DUTY FEE STRUCTURE THE REAL ESTATE AGENT AND BROKER BUSINESS OVERVIEW DUTIES THE OVERALL BUSINESS ENTITY REQUIREMENTS REIT INSURANCE BASIC ACCOUNTING BOOKKEEPING METHODS TRIAL BALANCEERRORS BANK RECONCILIATION CLOSING JOURNAL ENTRIES SOURCE DOCUMENTS REAL ESTATE SPECIFIC ACCOUNTING PRINCIPLE STATE SPECIFIC LICENSING ISSUES STAFFING RELATED LAWS AND OTHER REGULATIONS WORKPLACE PRIVACY OTHER WORKPLACE LEGAL ISSUES4 OSHA AGENCY ARRANGEMENTAGENCY THEORY RESPONSIBILITIES AND RELATIONSHIPS AGENCY THEORY ETHICS - LOYALTY ETHICS - DISCLOSURE ETHICS - CONFIDENTIALITY ETHICS - CODE MISREPRESENTATION FRAUD THE PROPERTY MANAGEMENT FUNCTION OVERVIEW LICENSING AND OTHER REQUIREMENTS THE MANAGER'S ROLE THE AGENCY THEORY ETHICS IN GENERAL PROPERTY MANAGER'S ETHICS PROPERTY MANAGER LIABILITY AND LANDLORD LIABILITY INSURANCE COVERAGE PROFESSIONAL LIABILITY INSURANCE AND EMPLOYER LIABILITY IN THE CASE OF CONDOMINIUM TOTAL ASSETS MANAGEMENT PROPERTY MARKET VALUE AND APPRAISAL METHODS PROPERTY CYCLE MAINTENANCE PLANNING AND ADMINISTRATION BUDGET FOR MAINTENANCE OUTSOURCING MAINTENANCE WORKS LEASING LEASEHOLD PROPERTY AND ESTATES LEASE AGREEMENT PERIODIC RENTAL AGREEMENT LEGAL OBLIGATIONS AND REMEDIES USE OF THE PROPERTY AND QUIET ENJOYMENT THE IMPLIED WARRANTY OF HABITABILITY MAINTENANCE AND IMPROVEMENT REASONABLE PERIOD OF TIME DILAPIDATIONS IN COMMERCIAL LEASES RENT WITHHOLDING, ABANDONMENT AND CONSTRUCTIVE EVICTION TENANT EVICTION HOLDING DEPOSIT SECURITY DEPOSIT, PET DEPOSIT AND APPLICATION FEE LEVERAGED LEASE LEASE OPTIONS IMPORTANT ELEMENTS OF A LEASE OPTION LEGAL RESTRICTIONS ON LEASE OPTION RENTAL ACCOUNTING AND TRUST FUND ACCOUNTING RENTAL PROPERTY ACCOUNTING FORMULAS DETERMINING RENTAL CHARGES TRUST FUND ACCOUNTING TRUST FUND HANDLING AND RECORD KEEPING MANAGEMENT FILE AND OTHER RECORDS & REPORTS ZONING, LAND USE AND ENVIRONMENTAL REGULATIONS OVERVIEW OF LEGAL AUTHORITY OVERVIEW OF ZONING TECHNIQUES DIFFERENT ZONING TYPES LAND USE ANALYSIS ENVIRONMENTAL PROTECTION AND FLOOD PLAIN REGULATIONS EGRESS AND FIRE CODES