Guide to Passing the PSI Real Estate Exam Book

	Preface	vii
	Acknowledgments	vii
	About the Author	ix
	About the Consulting Editor	ix
1.	Use of the Manual	1
	Examination Information	2
	Salesperson Examination	3
	Broker Examination	5
2.	Examination and Study Strategies	6
	Preparing for the Exam	6
	Developing Test Questions	8
	Sample Questions	9
	How to Analyze a Question	11
	Exam Strategy	14
	Study Strategy	16
3.	Property Ownership	18
	Outline of Concepts	18
	Diagnostic Test	26
	Matching Quiz	30
	Answer Key: Diagnostic Test	31
	Answer Key: Matching Quiz	33
4.	Land-Use Control and Regulations	34
	Outline of Concepts	34
	Diagnostic Test	42
	Matching Quiz	44
	Answer Key: Diagnostic Test	45
	Answer Key: Matching Quiz	46
5.	Valuation and Market Analysis	47
	Outline of Concepts	47
	Diagnostic Test	52
	Matching Quiz	55
	Answer Key: Diagnostic Test	56
	Answer Key: Matching Quiz	58
6.	Financing	59
	Outline of Concepts	59
	Diagnostic Test	67
	Matching Quiz	70
	Answer Key: Diagnostic Test	71
	Answer Key: Matching Quiz	72
7.	Laws of Agency	73
	Outline of Concepts	73
	Diagnostic Test	77
	Matching Quiz	81
	Answer Key: Diagnostic Test	82
	Answer Key: Matching Quiz	83
8.	Mandated Disclosures	84
	Outline of Concepts	84
	Diagnostic Test	87
	Matching Quiz	89
	Answer Key: Diagnostic Test	90
	Answer Key: Matching Quiz	90
9.	Contracts	91
	Outline of Concepts	91
	Diagnostic Test	96
	Matching Quiz	99
	Answer Key: Diagnostic Test	100
	Answer Key: Matching Quiz	102
10.	Transfer of Property	103
	Outline of Concepts	103
	Diagnostic Test	109
	Matching Quiz	111
	Answer Key: Diagnostic Test	112
	Answer Key: Matching Quiz	113
11.	Practice of Real Estate	114
	Outline of Concepts	114
	Diagnostic Test	120
	Matching Quiz	123
	Answer Key: Diagnostic Test	124
	Answer Key: Matching Quiz	125
12.	Real Estate Mathematics Review	126
	Percentages	126
	Rates	128
	Area and Volume	129
	Depreciation	132
	Capitalization	132
	Prorations	133
	Amortization	135
	Calculator Financing	137
	Math Review Test	138
	Mathematics--Matching Quiz	143
	Answer Key with Explanations	144
	Answer Key: Matching Quiz	147
13.	Specialty Areas	148
	Outline of Concepts	148
	Diagnostic Test	154
	Matching Quiz	156
	Answer Key: Diagnostic Test	157
	Answer Key: Matching Quiz	158
14.	Brokerage Management	159
	Outline of Concepts	159
	Diagnostic Test	167
	Matching Quiz	169
	Answer Key: Diagnostic Test	170
	Answer Key: Matching Quiz	171
15.	Salesperson Examinations	172
Salesperson Examination I173
	Salesperson Examination I: Answer Key with Explanations	182
Salesperson Examination II188
	Salesperson Examination II: Answer Key with Explanations	195
Salesperson Examination III200
	Salesperson Examination III: Answer Key with Explanations	208
16.	Broker Examinations	212
Broker Examination I213
	Broker Examination I: Answer Key with Explanations	224
Broker Examination II229
	Broker Examination II: Answer Key with Explanations	237
	Appendix A
	Mathematical Formulas at a Glance	241
	Appendix B
	Mathematics Practice and Review	243
	Answer Key with Explanations	251
	Appendix C
	Web Site and Palm Directory	255
	Glossary	256