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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 included an extensive glossary of real estate terms that include practical examples.