A-Ha! Real Estate Exam Prep Podcast

Episode 015 - Debits and Credits

Closing questions on the national exam can be easy if you are able to track the flow of money. Debits are outflows. Credits are inflows. Listen in for a few ways to keep them straight.

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Episode 014 - Types of Leases

Make sure you know the three types of leases, what they provide, and what is required for each.

Estate for Years

Estate from Period to Period

Estate at Will

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Episode 013 - Legal Descriptions

Talk about confusing, do you really need to know how to draw a legal description? Short answer, no. Long answer, probably not, but it's a good idea to know some of the terms and concepts. Make sure you know the unit conversions though:

1 mile = 5,280 square feet

1 acre = 43,560 square feet

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Episode 012 - Brr...It's COLD-AC; Fiduciary Duties

An agent has certain fiduciary responsibilities to their client that can be represented with the acronym COLD-AC: Care Obedience, Loyalty, Disclosure, Accounting, and Confidentiality.

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Episode 011 - How is that Voidable?

One of the more annoying and debatable test subjects is over the concepts of valid, void, and voidable. In this episode, B talks about the differences and what to look for when you take your test. If all else fails, just choose "voidable" on your test and you will almost always be correct.

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Episode 010 - Legal Elements of a Contract

Know the 5 elements that make up a legal/valid contract. You can remember them with the acronym VPLCC (Very Precise Lawyers write Clear Contracts): Voluntary, Promise, Legal, Competent parties, and Consideration

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Episode 009 - Tips to Calculate Net to Seller

Math is difficult, but we help you understand how to work through those questions like calculating the net to seller.

SHOW NOTES

Net to seller formula when sale price is known:

Sales Price – Commission Amount – Other Liens, Payoffs, and Costs = Net to Seller

Net to seller formula when the net income is known, but don't know the sales price:

Sales Price – (100% x Commission Rate) – Other Liens, Payoffs, and Costs = Net to Seller

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Episode 008 - Relationship of Broker to Agent

There are many elements to remember when an agent is working for a broker. We cover several that you will need to know for your exam.

SHOW NOTES

Remember the role of the broker and how the agent must act when working for them. Commissions, contracts, and expectation are a good start.

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info@ahareep.com

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Episode 007 - Covenants of a General Warranty Deed

The general warranty deed is the best deed a grantor can provide to a grantee. In this episode we explain what the grantor is providing.

SHOW NOTES

General warranty deeds include five covenants and you will need to know what they are:

Covenant of Seisin

Covenant Against Encumbrances

Covenant of Further Assurances

Covenant of Quiet Enjoyment

Covenant of Warranty Forever

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Episode 006 - My Name is PETE (Governmental Controls)

Know the four governmental powers and controls. Easily remembered by using the acronym PETE

SHOW NOTES

The government has certain controls they can exert on property owners to protect the public and serve the greater good. Know the four powers with the acronym PETE.

Police Power

Eminent Domain

Taxation

Escheat

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Episode 005 - Real Property Rights (DEEP C)

Know the acronym DEEP C for the five real property rights.

SHOW NOTES

There are five real property rights you need to know for the exam. They can best be remembered with the acronym DEEP C.

Disposition

Exclusion

Enjoyment

Possession

Control

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Episode 004 - Condominiums

Condominiums have two parts of ownership. Know what they are.

SHOW NOTES

Condominiums include three vital parts you need to know for the state exam.

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Episode 003 - Math: The Bane of Your Existence!

There are many four-letter words used in daily life. (Present company included!) Our real estate students use many four-letter words when describing another word...math.

You can't escape those irritating formulas and calculations, but Brian gives some tips to handle them, all while keeping your sanity. Good luck with that!

SHOW NOTES

• 02:37 – Don't let the math questions intimidate you. They don't make up the large part of your exam.
• 03:38 – Some of the math is simple. Don't make it harder than it is.
• 04:45 – Know the math formulas. Write them down. Not too many of them.
• 05:43 – Know how to create and use the formulas.
• 06:20 – Read the math question. Answer what the question asks.
• 08:20 – Watch for unneeded information from the question.
• 09:05 – Questions are designed to make you think through the concept of the math.
• 09:25 – Don't take more than a few minutes per math question.

SHOW LINKS

• Real estate math book - https://www.amazon.com/Real-Estate-Math-What-Need/dp/0793168260

A-Ha LINKS

Email

info@ahareep.com

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www.ahareep.com

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Episode 002 - KNOW the Terms and Definitions

Real estate terms and definitions you learned in class are vital. You'll need to know them forwards and backwards. Knowing them will help you to break down questions, eliminate wrong answers, and enable you to pass the real estate exam.

Brian discusses several ways to remember terms and definitions.

SHOW NOTES

• 01:58 – The questions are tricky and they combine concepts.
• 03:35 – Knowing terms will help you break down the questions and eliminate wrong answers.
• 04:56 – Applying the definitions will help you in answering questions.
• 06:10 – Make flashcards to help you learn the terms and definitions.
• 07:40 – Study the flashcards with someone else.
• 08:10 – Teach someone else the concepts. It helps you make more connections in your brain to remember the terms and definitions.
• 09:50 – You must know the terms.

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Episode 001 - Preparing for the Exam

Preparing for the real estate licensing exam involves so much more than just studying terms and definitions. It takes a multi-faceted approach, including getting your mind and body ready to tackle the stressful situation of taking a test.

In this episode, Brian discusses some ways to align your mind and study habits to enable you to successfully pass your real estate exam.

SHOW NOTES

• 02:30 – Most important thing is to relax. Breathe!
• 05:20 – Schedule your study and prep around the same time you take the exam.
• 06:40 – Eating before your exam can hurt you. Choose wisely.
• 08:10 – Study exam questions in the right frame of reference.
• 10:45 – Know the terms and definitions.
• 11:28 – Rest! Sleep will help so much to get your mind and body ready.
• 12:05 – Ask your test provider for accommodations if you need them.

SHOW LINKS

• Amygdala – https://www.pnas.org/content/109/52/21180
• Karate Kid – https://en.wikipedia.org/wiki/The_Karate_Kid
• Miyagi, "Breathe" – https://www.youtube.com/watch?v=XemAlj9_qKE
• PSI Student Login – https://home.psiexams.com/#/home?bc=inre

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Email

info@ahareep.com

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Episode 000 - Intro to A-Ha! Real Estate Exam Prep Podcast

Our intro episode tells you a little about us, who we are, what we do and, ultimately, how we can help you through your real estate classes and exams.

Be sure listen for the secret Promo Code!

SHOW NOTES

• 02:34 – About Brian, your podcast host.
• 06:07 – Podcast layout. Frequency, topics, questions, and tips, tricks, and secrets.
• 08:35 – A-Ha! has many elements to help you pass the exam: video segments, exam questions, terms, definitions, and webinars.
• 10:20 – Promo code: PODCAST for 10% discount.

SHOW LINKS

• Ferris Bueller – https://www.youtube.com/watch?v=KS6f1MKpLGM
• Anyone, Anyone - https://www.youtube.com/watch?v=uhiCFdWeQfA

A-Ha LINKS

Email

info@ahareep.com

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www.ahareep.com

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