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 requirements. It completely explains all aspects of real estate law and finance, including contracts, deeds, appraisals, leasing, mortgage types, and federal regulations. Test takers will find questions at the end of each chapter, plus ten full-length practice exams with answer keys and explanations. This study guide will prepare candidates for real estate broker, salesperson, and appraiser licensing exams in all 50 states. Readers will find more than 1,500 practice questions plus special tests that cover contracts, closing statements, and various methods of land descriptions. Also included are an extensive glossary of real estate terms and important test-taking suggestions for passing real estate exams.