How much it counts
| Vendor | Outline area (salesperson national) |
|---|---|
| Pearson VUE | Financing and settlement (7) of 80 scored items |
| PSI | Financing 10% of the national portion |
Prep course - emailed to you
Real Estate Exam Kit Prep Course (90 days)
$19 one-time, 90 days
- 510 national questions + 5 state banks
- Timed simulator matched to your vendor
- 90 days, one-time - emailed to you after purchase
Get the prep course - $19
Emailed to you after purchase. Supplemental exam prep, not pre-licensing hours. 14-day money-back guarantee. Refund policy
Study notes
- Note vs mortgage/deed of trust. The note is the promise to pay; the mortgage or deed of trust secures it with the property.
- Loan types: conventional, FHA-insured, VA-guaranteed, USDA; fixed vs adjustable; amortized, partially amortized (balloon), interest-only.
- RESPA prohibits kickbacks and unearned fees for settlement-service referrals; TRID sets Loan Estimate and Closing Disclosure timing.
- Clauses: acceleration, alienation (due-on-sale), prepayment, defeasance.
Exam traps
- Insured vs guaranteed. FHA insures; VA guarantees.
- Points are a percentage of the loan amount.
- Alienation vs acceleration. Alienation is triggered by transfer; acceleration makes the full balance due on default.
Educational summary, not legal advice. State law can change the rule - your state portion tests your state’s version.
Find out where you stand in 10 minutes
25 original questions, a predicted score by topic, and a day-by-day plan to your exam date. Free.
Prep course - emailed to you
Real Estate Exam Kit Prep Course (90 days)
$19 one-time, 90 days
- 510 national questions + 5 state banks
- Timed simulator matched to your vendor
- 90 days, one-time - emailed to you after purchase
Get the prep course - $19
Emailed to you after purchase. Supplemental exam prep, not pre-licensing hours. 14-day money-back guarantee. Refund policy