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Alabama 60‑Hour Prelicense (Asynchronous)

National Content (Lessons 1-24)

Lesson 1 – The Real Estate Business

1.1 Real Estate Professions

1.2 Real Estate Brokerage

1.3 Professional Organizations

1.4 Regulation and Licensing

Lesson 1 Quiz – The Real Estate Business

Lesson 2 – Rights in Real Estate

2.1 Real Estate as Property

2.2 Real versus Personal Property

2.3 Regulation of Real Property Interests

Lesson 2 Quiz – Rights in Real Estate

Lesson 3 – Interests and Estates

3.1 Interests and Estates in Land

3.2 Freehold Estates

3.3 Leasehold Estates

Lesson 3 Quiz – Interests & Estates

Lesson 4 – Ownership

4.1 Sole Ownership

4.2 Co-Ownership

4.3 Estates in Trust

4.4 Ownership by Business Entities

4.5 Condominiums

4.6 Cooperatives

4.7 Time-Shares

Lesson 4 Quiz – Ownership

Lesson 5 – Encumbrances and Liens

5.1 Encumbrances

5.3 Encroachments

5.5 Deed Restrictions

5.7 Foreclosure

Lesson 5 Quiz – Encumbrances & Liens

Lesson 6 – Transferring & Recording Title to Real Estate

6.1 Title to Real Estate

6.2 Deeds of Conveyance

6.4 Involuntary Title Transfer

6.5 Title Records

Lesson 6 Quiz – Transferring Title

Lesson 7 – Leasing Eessentials

7.1 The Lease Contract

7.2 Types of Leases

7.3 Default and Termination

7.4 Uniform Residential Landlord and Tenant Act

Lesson 7 Quiz – Leasing Essentials

Lesson 8 – Land Use Planning and Control

8.1 Real Estate Planning

8.2 Public Land Use Control

8.3 Private Land Use Control

8.4 Environmental Controls

Lesson 8 Land Use Planning & Control

Lesson 9 – Legal Descriptions

9.1 Methods of Legal Description

9.2 Metes and Bounds

9.3 The Rectangular Survey System

9.4 Recorded Plat Method

9.5 Describing Elevation

Lesson 9 Quiz – Legal Descriptions

Lesson 10 – Fundamentals of Contract Law

10.1 Contract Validity and Enforceability

10.2 Contract Creation

10.3 Classification of Contracts

10.4 Contract Termination

Lesson 10 Quiz – Fundamentals of Contract Law

Lesson 11 – National Agency

11.1 The Agency Relationship

11.2 Fiduciary Duties

11.3 Forms of Real Estate Agency

11.4 Agency Disclosure Rules

Lesson 11 Quiz – National Agency

Lesson 12 – Listing Agreements: An Overview

12.1 Review of Legal Foundations

12.2 Types of Listing Agreements

12.3 Fulfillment and Termination

12.4 Listing Agreement Clauses

Lesson 12 Quiz – Listing Agreements

Lesson 13 – General Brokerage Practices

13.1 Function and Organization

13.2 The Broker-Salesperson Relationship

13.3 Operating a Real Estate Brokerage

13.4 Business Brokerage

Lesson 13 Quiz – General Brokerage Practices

Lesson 14 – Overview of Conveyance Contracts

14.1 Contract for Sale

14.2 Sale Contract Provisions

14.3 Option-To-Buy Contract

14.4 Contract for Deed

Lesson 14 Quiz – Conveyance Contracts

Lesson 15 – Real Estate Market Economics

15.1 The Market System

15.2 Real Estate Market Dynamics

Lesson 15 Quiz – Real Estate Market Economics

Lesson 16 – Appraising & Estimating Market Value

16.1 Real Estate Value

16.2 Appraising Market Value

16.3 The Sales Comparison Approach

16.4 The Cost Approach

16.5 The Income Capitalization Approach

16.6 Regulation of Appraisal Practice

Lesson 16 Quiz – Appraisal & Market Value

Lesson 17 – Real Estate Finance

17.1 Anatomy of Mortgage Lending

17.2 Initiating a Mortgage Loan

17.3 Qualifying for a Mortgage Loan

17.4 Closing a Loan

17.5 Laws Affecting Mortgage Lending

17.6 The Mortgage Market

17.7 Types of Real Estate Loans

Lesson 17 Quiz – Real Estate Finance

Lesson 18 – Real Estate Investment

18.1 Investment Fundamentals

18.2 Real Estate as an Investment

18.3 Real Estate Investment Entities

18.4 Taxation of RE Investments

18.5 Investment Analysis of a Residence

18.6 Investment Analysis of an Income Property

Lesson 18 Quiz – Real Estate Investment

Lesson 19 – Real Estate Taxation

19.1 Taxing Entities

19.2 Ad Velorem Taxation

19.3 Special Assessments

19.4 Tax Lien Enforcement

Lesson 19 Quiz – Real Estate Taxation

Lesson 20 – Professional Practices

20.1 Fair Housing Laws

20.2 Property Disclosures

20.3 Other Professional Practices

Lesson 20 Quiz – Professional Practices

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16.1 Real Estate Value

Alabama 60‑Hour Prelicense (Asynchronous)
Lesson 16 – Appraising & Estimating Market Value
16.1 Real Estate Value

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