Real estate terminology is the most critical part to study for the exam. This video will present the 19 most important terms you should now for the real estate exam.
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So, here are 10 vocabulary words you should learn to help you pass the exam on your first attempt.
Chapters:
00:00 - Real estate practice on the exam
00:14 - What is the MLS?
01:45 - What is CAR?
03:05 - What is NAR?
04:10 - What is the Civil Rights Act of 1968 (Fair Housing Act)
04:37 - What are Fiduciary Duties?
06:01 - What is a Listing Agent?
06:29 - What is a Buyer's Agent?
06:57 - What is a Selling Agent?
08:10 - What does FSBO mean?
09:57 - What is an SOI?
11:16 - What does pre-qualified mean?
12:10 - What does pre-approved mean?
13:30 - What is a Residential Purchase Agreement?
14:05 - What is a Residential Listing Agreement?
14:36 - What is Exclusive Authorization and Right to Sell?
15:38 - What is Exclusive Agency?
17:00 - What is an Open Listing?
17:57 - What is Earnest Money Deposit?
21:23 - Quick and easy way to pass the real estate exam.
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