Principles of Real Estate Practice in Arkansas

Performance Programs Company
Free sample

Principles of Real Estate Practice in Arkansas contains the essentials of the national and Arkansas real estate law, principles, and practices necessary for basic competence as a real estate professional and as mandated by Arkansas license law. It is based on our highly successful and popular national publication, Principles of Real Estate Practice, which is in use in real estate schools nationwide.The text is tailored to the needs of the pre-license student. It is designed to

- make it easy for students to learn the material and pass their real estate exam

- prepare students for numerous career applications

- stress practical, rather than theoretical, skills and knowledge.

Principles of Real Estate Practice in Arkansas is streamlined, direct and to-the-point. It includes multiple learning reinforcements. It has a student-oriented organization, both within each chapter and from chapter to chapter. Its examples and exercises are grounded in the authors’ many years in real estate education.


Table of Contents

Principles of Real Estate Practice in Arkansas

The Real Estate Business

Rights in Real Estate

Interests and Estates

Ownership

Encumbrances and Liens

Transferring and Recording Title to Real Estate

Real Estate Leases

Land Use Planning and Control

Legal Descriptions

Real Estate Contract Law

Agency

Listing Agreements

The Brokerage Business

Contracts for the Sale of Real Estate

Real Estate Market Economics

Appraising and Estimating Market Value

Real Estate Finance

Real Estate Investment

Real Estate Taxation

Ethics: Laws and Practices

Closings

Real Estate Licensing and Regulation

Risk Management

Property Management

The Arkansas Regulatory Environment

Arkansas Licensing Regulation

Regulation of Arkansas Licensees and Practice

Arkansas Brokerage Relationships and Disclosures

Arkansas License Law Enforcement

Other Arkansas Laws Affecting Practice 

Real Estate Mathematics and Formulas

Glossary of Residential Style and Construction Terms

Glossary of General Real Estate Terms

Index

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About the author

Stephen Mettling and David Cusic have operated one of the nation's most successful custom training organizations specializing in real estate program development. They are perhaps best known for writing Principles of Real Estate Practice, a national real estate principles textbook used by over 60,000 students per year. 

Stephen Mettling has been a real estate educator and custom training program developer specializing in real estate over the past forty years. During that time he has written or co-developed over 100 books, professional training programs and texts covering all aspects of residential, commercial, and corporate real estate for national trade organizations and real estate companies.  Additionally Steve has directed numerous statewide real estate schools and served as vice president of Dearborn Financial Services where he headed up the country’s largest real estate, securities and insurance license training network.


Dr. Cusic, an author and educator, has been engaged in vocation-oriented education since 1966. David earned his Ph.D in linguistics from Stanford University.  Specializing in real estate training since 1978, he has developed numerous real estate training programs for corporate and institutional clients around the country including NAR, CoreNet Global, and the CCIM Institute.

Author of Arkansas-specific portion - Danny Been


Danny Been over the past twenty years has served as the Founding Director, Principal Instructor and curriculum developer for the Arkansas Real Estate School headquartered in Little Rock.  , Mr. Been is also the Principal Broker for DANALI Real Estate, Inc.


Danny Been maintains a keen awareness of current trends and practices in Arkansas real estate law and ethics.   Philosophically, he teaches students the importance of practicing real estate according to the highest professional standards. 

When he can pull himself away from business, Danny enjoys spending time in the garden or relaxing with family, including his eight grandchildren. He is an avid fly fisherman and loves exploring the natural beauty of Arkansas.

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Additional Information

Publisher
Performance Programs Company
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Published on
Feb 5, 2019
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Pages
570
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ISBN
9780915777266
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Language
English
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Content Protection
This content is DRM protected.
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Eligible for Family Library

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Features of Georgia Real Estate License Exam Prep (GA-RELEP):

National Principles & Law Key Point Review 

Real Estate Math Key Formula Review & Practice

Georgia-Specific Laws and Practices

National Practice Tests  (500 questions) 

Georgia Practice Tests  (125 questions) 

Georgia Sample Exam  (100 questions)

We know the real estate licensing exam can be tough, and very nerve-wracking to prepare for.  That’s why we created the Georgia Real Estate License Exam Prep (GA-RELEP) the way we did.  Since we have been managing real estate schools and developing curriculum for forty years, we know how all this works – or fails to work.

GA-RELEP is comprehensive in that it contains both key content review and testing practice.  And the text review is Georgia-specific – not just simplistic national content, but terse, relevant and accurate Georgia laws and regulations presented as a well-organized set of state ‘key point reviews’ ideal for pre-test memorization.  But let’s not dismiss the importance of the national content either.  GA-RELEP’s national key point reviews are a succinct compression of tested national principles and practices that comprise the national portion of state license exams from coast to coast. Our content is drawn from our own national textbook, Principles of Real Estate Practice – one of the most widely used principles textbooks in the country.  Finally, our national content, as well as our question selection, is further tailored to the state testing outline promulgated by AMP for Georgia.  Thus the breadth and depth of the law reviews and test questions reflect the topic emphasis of your state’s testing service and your Georgia license exam.

A word about the test questions… GA-RELEP’s testing practice section consists of ten national practice tests, three state practice tests, and one state exam sample test.  The practice tests are roughly 50 questions in length and the sample test is 100 questions.  The test questions are designed to cover the content covered by the law reviews – which reinforces your learning of the total body of information tested by your state exam.  The questions are direct, to the point, and designed to test your understanding.  When you have completed a given test, you can check your answers against the answer key in the appendix.  You may also note that each question’s answer is accompanied by a brief explanation, or “rationale” to further reinforce your understanding.

In the end, as you know, it’s all up to you. Unlike other publications, we are not going to tell you that using this book will guarantee that you pass your state exam. It still takes hard work and study to pass. But we have done our best here to get you ready. Following that, the most we can do is wish you the best of success in taking and passing your Georgia real estate exam. So good luck!!

Features of Massachusetts Real Estate License Exam Prep (MA-RELEP):

National Principles & Law Key Point Review (45 pages) 

Real Estate Math Key Formula Review & Practice (20 pages)

Massachusetts-Specific Laws and Practices (35 pages) 

National Practice Tests  (500 questions) 

Massachusetts Practice Tests  (100 questions)

Massachusetts Sample Exam  (100 questions)

We know the real estate licensing exam can be tough, and very nerve-wracking to prepare for.  That’s why we created Massachusetts Real Estate License Exam Prep (MA-RELEP) the way we did.  Since we have been managing real estate schools and developing curriculum for forty years, we know how all this works – or fails to work.

MA-RELEP is comprehensive in that it contains both key content review and testing practice.  And the text review is Massachusetts-specific – not just simplistic national content, but terse, relevant and accurate Massachusetts laws and regulations presented as a well-organized set of state ‘key point reviews’ ideal for pre-test memorization.  But let’s not dismiss the importance of the national content either.  MA-RELEP’s national key point reviews are a succinct compression of tested national principles and practices that comprise the national portion of state license exams from coast to coast. Our content is drawn from our own national textbook, Principles of Real Estate Practice – one of the most widely used principles textbooks in the country.  Finally, our national content, as well as our question selection, is further tailored to the state testing outline promulgated by PSI for Massachusetts.  Thus the breadth and depth of the law reviews and test questions reflect the topic emphasis of your state’s testing service and your Massachusetts license exam.

A word about the test questions… MA-RELEP’s testing practice section consists of ten national practice tests, Eight state practice tests, and one state exam sample test.  The practice tests are roughly 50 questions in length and the sample test is 100 questions.  The test questions are designed to cover the content covered by the law reviews – which reinforces your learning of the total body of information tested by your state exam.  The questions are direct, to the point, and designed to test your understanding.  When you have completed a given test, you can check your answers against the answer key in the appendix.  You may also note that each question’s answer is accompanied by a brief explanation, or “rationale” to further reinforce your understanding.

In the end, as you know, it’s all up to you. Unlike other publications, we are not going to tell you that using this book will guarantee that you pass your state exam. It still takes hard work and study to pass. But we have done our best here to get you ready. Following that, the most we can do is wish you the best of success in taking and passing your Massachusetts real estate exam. So good luck!!

For Massachusetts students looking for a Massachusetts textbook to complement Massachusetts Real Estate License Exam Prep, we have Principles of Real Estate Practice in Massachusetts.

Features of California Real Estate License Express (CA-RELE):

-National Principles & Law Key Point Review (45 pages) 

-Real Estate Math Key Formula Review & Practice (17 pages) 

- California-Specific Laws and Practices (50 pages)

- National Practice Tests  (500 questions) 

- California Practice Tests  (90 questions) 

- California Sample Exam  (105 questions)

We know the real estate licensing exam can be tough, and very nerve-wracking to prepare for.  That’s why we created the California Real Estate License Express (CA-RELE) the way we did.  Since we have been managing real estate schools and developing curriculum for forty years, we know how all this works – or fails to work. 

CA-RELE is comprehensive in that it contains both key content review and testing practice.  And the text review is California-specific – not just simplistic national content, but terse, relevant and accurate California laws and regulations presented as a well-organized set of state ‘key point reviews’ ideal for pre-test memorization.  But let’s not dismiss the importance of the national content either.  CA-RELE’s national key point reviews are a succinct compression of tested national principles and practices that comprise the national portion of state license exams from coast to coast. Our content is drawn from our own national textbook, Principles of Real Estate Practice – one of the most widely used principles textbooks in the country.  Finally, our national content, as well as our question selection, is further tailored to the state testing outline promulgated by the California Bureau of Real Estate (CalBRE).  Thus the breadth and depth of the law reviews and test questions reflect the topic emphasis of your state’s testing service and your California license exam.

A word about the test questions… CA-RELE’s testing practice section consists of ten national practice tests, three state practice tests, and one state exam sample test.  The practice tests are roughly 50 questions in length and the sample test is 105 questions.  The test questions are designed to cover the content covered by the law reviews – which reinforces your learning of the total body of information tested by your California exam.  The questions are direct, to the point, and designed to test your understanding.  When you have completed a given test, you can check your answers against the answer key in the appendix.  You may also note that each question’s answer is accompanied by a brief explanation, or “rationale” to further reinforce your understanding.

In the end, as you know, it’s all up to you. Unlike other publications, we are not going to tell you that using this book will guarantee that you pass your state exam. It still takes hard work and study to pass. But we have done our best here to get you ready. Following that, the most we can do is wish you the best of success in taking and passing your California real estate exam. So good luck!!

Features of North Carolina Real Estate License Exam Prep, 2nd Edition (NC-RELEP):

National Principles & Law Key Point Review (45 pages)

Real Estate Math Key Formula Review & Practice (20 pages)

North Carolina-Specific Laws and Regulations 

Key Point Review (24 pages)

National Practice Tests (500 questions)

North Carolina Practice Tests (130 questions)

North Carolina Sample Exam (105 questions)


We know the real estate licensing exam can be tough, and very nerve-wracking to prepare for. That’s why we created the North Carolina Real Estate License Exam Prep (NC-RELEP) the way we did. Since we have been managing real estate schools and developing curriculum for forty years, we know how all this works – or fails to work.

NC-RELEP is comprehensive in that it contains both key content review and testing practice. And the text review is North Carolina-specific – not just simplistic national content, but terse, relevant and accurate North Carolina laws and regulations presented as a well-organized set of state ‘key point reviews’ ideal for pre-test memorization. But let’s not dismiss the importance of the national content either. NC-RELEP’s national key point reviews are a succinct compression of tested national principles and practices that comprise the national portion of state license exams from coast to coast. Our content is drawn from our own national textbook, Principles of Real Estate Practice – one of the most widely used principles textbooks in the country. Finally, our national content, as well as our question selection, is further tailored to the state testing outline promulgated by PSI for North Carolina. Thus the breadth and depth of the law reviews and test questions reflect the topic emphasis of your state’s testing service and your North Carolina license exam.

A word about the test questions… NC-RELEP’s testing practice section consists of ten national practice tests, three state practice tests, and one state exam sample test. The practice tests are roughly 50 questions in length and the sample test is 105 questions. The test questions are designed to cover the content covered by the law reviews – which reinforces your learning of the total body of information tested by your state exam. The questions are direct, to the point, and designed to test your understanding. When you have completed a given test, you can check your answers against the answer key in the appendix. You may also note that each question’s answer is accompanied by a brief explanation, or “rationale” to further reinforce your understanding.

In the end, as you know, it’s all up to you. Unlike other publications, we are not going to tell you that using this book will guarantee that you pass your state exam. It still takes hard work and study to pass. But we have done our best here to get you ready. Following that, the most we can do is wish you the best of success in taking and passing your North Carolina real estate exam. So good luck!!

 Features of Real Estate License Exam Prep (RELEP):

National Principles & Law Key Point Review (45 pages)

Real Estate Math Key Formula Review & Practice (20 pages)

National Practice Tests (500 questions)

Sample Exam (75 questions)


We know the real estate licensing exam can be tough, and very nerve-wracking to prepare for. That’s why we created the Real Estate License Exam Prep (RELEP) the way we did. Since we have been managing real estate schools and developing curriculum for forty years, we know how all this works – or fails to work.

First, RELEP is comprehensive in that it contains both key content review and testing practice. RELEP’s national key point reviews are a succinct compression of tested national principles and practices that comprise the national portion of state license exams from coast to coast. Our content is drawn from our own national textbook, Principles of Real Estate Practice – one of the most widely used principles textbooks in the country. Thus the breadth and depth of the law reviews and test questions reflect the topic emphasis of the three major testing services for the national portion of the state exam.

A word about the test questions… RELEP’s testing practice section consists of ten national practice tests and one sample test. The practice tests are roughly 50 questions in length and the sample test is 75 questions. The questions are direct, to the point, and designed to test your understanding. When you have completed a given test, you can check your answers against the answer key in the appendix. You may also note that each question’s answer is accompanied by a brief explanation, or “rationale” to further reinforce your understanding.

Your particular study and testing practice strategy using RELEP is up to you. But to fully exploit its comprehensive content coverage, you should try to review and memorize the key point reviews as much as possible. Then you should make every effort to take each exam, review your mistakes, and re-read the key point reviews that cover your weaker areas.

One note of caution is also in order: this National edition of RELEP does not contain state laws and practices applicable in your state of residence or where you intend to get your license. Therefore you will need to study state-level laws given to you by your prelicense school in order to pass the state portion of the state exam. While we are in the process of adding state-level materials to our RELEP series we still have a ways to go. So, until we have state review materials for your state, we give you this publication – a total-coverage review and practice resource of the highest quality for the national portion of the state exam.

Now that we’ve have been straightforward with you, a second word of caution. Don’t be fooled by other national prep books – that contain no state-level materials – that advertise you will pass your state exam by learning and reviewing what’s in their publication. You won’t. It is absolutely essential that you develop a comprehensive understanding of both national and state laws and principles in order to pass your state’s license examination. 

While RELEP is as comprehensive a national prep text as it gets, in the end -- as your prelicense course hopefully informed you -- it’s all up to you. It still takes hard work and study to pass. But we have done our best here to get you ready for the national portion of the state exam. Following that, the most we can do is wish you the best of success in taking and passing your state exam. So good luck!!

Current titles in the RELEP series-

RELEP (national)

IL-RELEP

NC-RELEP

FL-RELEP

NV-RELEP

AZ-RELEP

GA-RELEP

TX-RELEP

CA-RELE

IN-RELEP

AL-RELEP

SC-RELEP



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