This study guide and test preparation manual has been updated to provide the latest information in real estate finance, federal law and regulation, and appraisal license requirements. Explains all aspects of real estate law and finance, including contracts, deeds, appraisals, brokerage, leasing, mortgages, federal regulation of Fair Housing, Truth-in-Lending, and environmental matters. Presents more than 1,600 practice questions similar to those found on licensing exams, including 9 model tests. All questions answered and explained. The authors, who are experienced brokers and teachers, have in.;Introduction to real estate. How to use this book ; Definitions of real estate terms ; Fundamentals of real estate law -- Real estate brokerage. Agency law ; State real estate license law -- Real estate contracts. Introduction to contracts ; Description of land ; Contracts of sale ; Deeds ; Leases and property management ; Listing and buyer agency agreements ; Other real estate contracts -- Real estate analysis. Mortgages and finance ; Appraisals ; Appraising income property ; Taxation and assessment ; Real estate investment ; Real estate mathematics and problem solving ; Closing statements -- Federal law affecting real estate. Fair Housing law ; Truth in Lending Act ; Subdividing, building and development, land use controls, environmental matters -- Real estate licensing examinations. Exam preparation ; Model examinations.