Real Estate Exam Prep

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. This episode covers content for the National Real Estate Exam. In this episode you will learn: • General Warranty Deeds provide five specific covenants covering the entire title history of the property. • Special Warranty Deeds limit the grantor’s liability to their own period of ownership only. • Bargain and Sale Deeds imply ownership and possession but lack express warranties against h...

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. This episode covers content for the National Real Estate Exam. In this episode you will learn: • Tenancy by the entirety requires five unities including the unity of personhood or marriage. • Survivorship in tenancy by the entirety allows for the automatic transfer of title without probate. • Creditors of an individual spouse cannot attach liens to property held as tenancy by the...

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. This episode covers content for the National Real Estate Exam. In this episode you will learn: • Why Tenancy in Common is the default ownership for non-married co-owners. • The distinction between undivided interest and physical division of property. • How the lack of survivorship rights makes this form of ownership inheritable. • The flexibility of Tenancy in Common regarding unequal shares and diffe...

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. This episode covers content for the National Real Estate Exam. In this episode you will learn: • The core definition of the right of survivorship and why it bypasses the probate process and wills. • How to apply the PITT mnemonic to remember the four essential unities of possession, interest, time, and title. • The specific ways a joint tenancy is termina...

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. This episode covers content for the National Real Estate Exam. In this episode you will learn: • The defining characteristics of an Estate for Years and why the name is often a trick. • Why the Estate for Years is the only leasehold that requires no notice to terminate. • How a Periodic Tenancy automatically renews and the rules for providing termina...

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. This episode covers content for the National Real Estate Exam. In this episode you will learn: • The critical differences between reversionary and remainder interests. • How the legal concept of waste limits a life tenant's actions. • The definition and application of a life estate pur autre vie. • Why a standard life estate generally cannot be passed through a will. • How to iden...

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. This episode covers content for the National Real Estate Exam. In this episode you will learn: • The definition of fee simple defeasible and how ownership can be terminated. • How to identify fee simple determinable through durational language like so long as and its automatic reversion. • The requirements for fee simple subject to condition subsequent, including the need for legal a...

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. This episode covers content for the National Real Estate Exam. In this episode you will learn: • Why Fee Simple Absolute is considered the highest form of property ownership and how it is defined as an estate of inheritance. • The distinction between Fee Simple Absolute and Fee Simple Defeasible including the importance of strings attached language. • The four government powers...

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. This episode covers content for the National Real Estate Exam. In this episode you will learn: • The definition of appurtenances and why they run with the land. • The distinction between fructus industriales and fructus naturales. • How the rule of emblements protects tenant farmers’ personal property rights. • Common exam traps regarding fruit trees versus annual field crops. • Why appurtenant easements tra...

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. This episode covers content for the National Real Estate Exam. In this episode you will learn: • The fundamental difference between riparian rights for flowing water and littoral rights for stationary water. • How to determine property boundaries for navigable versus non-navigable rivers. • The core principles of the doctrine of prior appropriation and the role of state permits. • Definitions and exam appl...

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. This episode covers content for the National Real Estate Exam. In this episode you will learn: • Real property ownership is three-dimensional, extending from the earth core to the heavens unless legally restricted. • Subsurface rights include minerals, oil, and gas, which can be severed from the surface land and sold separately. • Air rights are divisible and valuable in urban areas...

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. This episode covers content for the National Real Estate Exam real estate exam. In this episode you will learn: • The lot and block system is primarily used for high-density urban and suburban subdivisions. • A plat map must be approved by local government and recorded in public records to be legally valid. • A complete legal description includes the lot number...

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. This episode covers content for the National Real Estate Exam real estate exam. In this episode you will learn: • The fundamental roles of Principal Meridians and Base Lines in the legal description grid. • How to differentiate between the dimensions and total area of townships versus sections. • The specific boustrophedon numbering pattern used for the thirty-six sections in a townshi...

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. This episode covers content for the National Real Estate Exam. In this episode you will learn: • Why the Point of Beginning (POB) is the most critical element for a valid legal description. • The distinction between metes as measurements and bounds as directional boundaries. • Why physical monuments legally supersede written measurements in property disputes. • The requirement for survey descriptions to follow...

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. This episode covers content for the National Real Estate Exam. In this episode you will learn: • How scarcity limits the economic supply of land regardless of its physical abundance. • The distinction between improvements on the land and improvements to the land. • Why permanence of investment, or fixity, makes real estate a long-term, illiquid asset. • Why area preference, or situs, is...

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. This episode covers content for the National Real Estate Exam. In this episode you will learn: • Immobility ensures that land transactions are always governed by the laws of the jurisdiction where the land is located. • Indestructibility is the physical characteristic that prevents land from being depreciated for tax purposes. • Uniqueness, also known as non-homogeneity, is the legal basis for the...

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. This episode covers content for the National Real Estate Exam. In this episode you will learn: • How to use the DEEP-C mnemonic to identify the five primary rights of ownership. • Why the right of disposition includes encumbrances and easements, not just property sales. • The distinction between the right of possession and the right of enjoyment regarding title claims. • How the r...

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. This episode covers content for the National Real Estate Exam real estate exam. In this episode you will learn: • Trade fixtures are legally classified as personal property or chattel despite physical attachment to a structure. • The primary distinction of a trade fixture is its installation by a commercial tenant for business-specific use. • Failure to remove trade fixtures before the lea...

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. This episode covers content for the National Real Estate Exam. In this episode you will learn: • How to distinguish between personal property and real property using the five elements of the MARIA acronym. • Why the intention of the person who attached an item is legally considered the most important factor. • The difference between residential fixtures and commercial trade fixture...

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. This episode covers content for the National Real Estate Exam. In this episode you will learn: • Real property is conveyed via a deed while personal property is conveyed via a bill of sale. • The MARIA acronym provides a five-part test to determine if an item is a fixture. • Trade fixtures are personal property belonging to a busin...