TMOIVISOIM
ARCO
REAL
LICENSE
5 th Edition
A COMPLETE GUIDE TO
SALESPERSON, BROKER, AND
APPRAISAL EXAMS
Including:
AMP PES
• ASI • PSI f
• State t a
Joseph H. Martin, MAI, CRE
,Boston Public Library
Boston, MA 02116
, pi - 1 fern iftmii
l^i* &W t;>*> '•"*"•>'• !« a Iff* 1.1 . I** ,., ,.
i thd \
it* 1 t j l i r** .
^oi^
n
bOb Kb £fii SL
LICENSE
EXAMINATIONS
A COMPLETE GUIDE TO
SALESPERSON, BROKER, AND
APPRAISAL EXAMS
5 th Edition
Joseph H. Martin, MAI, CRE
THOMSON
*
ARCO Australia • Canada • Mexico • Singapore • Spain • United Kingdom • United States
, XHOIVISOISI
ARCO
EXAMBOO
KS
An ARCO Book
ARCO is a registered trademark of Thomson Learning, Inc., and is used herein
under license by Peterson's.
About The Thomson Corporation and Peterson's
With revenues of US$7.2 billion, The Thomson Corporation (www.thomson.com) is a leading
global provider of integrated information solutions for business, education, and professional
customers. Its Learning businesses and brands (www.thomsonlearning.com) serve the needs
of individuals, learning institutions, and corporations with products and services for both
traditional and distributed learning.
Peterson's, part of The Thomson Corporation, is one of the nation's most respected providers
of lifelong learning online resources, software, reference guides, and books. The Education
SupersiteSM at www.petersons.com — the Internet's most heavily traveled education resource —
has searchable databases and interactive tools for contacting U.S. -accredited institutions and
programs. In addition, Peterson's serves more than 105 million education consumers annually.
For more information, contact Peterson's, 2000 Lenox Drive, Lawrenceville, NJ 08648; 800-
338-3282; or find us on the World Wide Web at www.petersons.com/about.
COPYRIGHT © 2002 by Joseph H. Martin
Previous edition © 1993, 1990, 1987
ALL RIGHTS RESERVED. No part of this work covered by the copyright herein may be repro-
duced or used in any form or by any means — graphic, electronic, or mechanical, including
photocopying, recording, taping, Web distribution, or information storage and retrieval sys-
tems— without the prior written permission of the publisher.
For permission to use material from this text or product, contact us by
Phone: 800-730-2214
Fax:800-730-2215
Web: www.thomsonrights.com
ISBN 0-7689-1063-3
Printed in the United States of America
109876543 04 03
ARCO ■ Real Estate License Exams
www.petersons. com
ARCO
REAL
LICENSE
5 th Edition
A COMPLETE GUIDE TO
SALESPERSON, BROKER, AND
APPRAISAL EXAMS
Including:
AMP PES
• ASI • PSI f
• State t a
Joseph H. Martin, MAI, CRE
,Boston Public Library
Boston, MA 02116
, pi - 1 fern iftmii
l^i* &W t;>*> '•"*"•>'• !« a Iff* 1.1 . I** ,., ,.
i thd \
it* 1 t j l i r** .
^oi^
n
bOb Kb £fii SL
LICENSE
EXAMINATIONS
A COMPLETE GUIDE TO
SALESPERSON, BROKER, AND
APPRAISAL EXAMS
5 th Edition
Joseph H. Martin, MAI, CRE
THOMSON
*
ARCO Australia • Canada • Mexico • Singapore • Spain • United Kingdom • United States
, XHOIVISOISI
ARCO
EXAMBOO
KS
An ARCO Book
ARCO is a registered trademark of Thomson Learning, Inc., and is used herein
under license by Peterson's.
About The Thomson Corporation and Peterson's
With revenues of US$7.2 billion, The Thomson Corporation (www.thomson.com) is a leading
global provider of integrated information solutions for business, education, and professional
customers. Its Learning businesses and brands (www.thomsonlearning.com) serve the needs
of individuals, learning institutions, and corporations with products and services for both
traditional and distributed learning.
Peterson's, part of The Thomson Corporation, is one of the nation's most respected providers
of lifelong learning online resources, software, reference guides, and books. The Education
SupersiteSM at www.petersons.com — the Internet's most heavily traveled education resource —
has searchable databases and interactive tools for contacting U.S. -accredited institutions and
programs. In addition, Peterson's serves more than 105 million education consumers annually.
For more information, contact Peterson's, 2000 Lenox Drive, Lawrenceville, NJ 08648; 800-
338-3282; or find us on the World Wide Web at www.petersons.com/about.
COPYRIGHT © 2002 by Joseph H. Martin
Previous edition © 1993, 1990, 1987
ALL RIGHTS RESERVED. No part of this work covered by the copyright herein may be repro-
duced or used in any form or by any means — graphic, electronic, or mechanical, including
photocopying, recording, taping, Web distribution, or information storage and retrieval sys-
tems— without the prior written permission of the publisher.
For permission to use material from this text or product, contact us by
Phone: 800-730-2214
Fax:800-730-2215
Web: www.thomsonrights.com
ISBN 0-7689-1063-3
Printed in the United States of America
109876543 04 03
ARCO ■ Real Estate License Exams
www.petersons. com