10 Concepts You MUST KNOW to Pass the Real Estate Exam!

Before you pass your real estate exam, there are a number of real estate terms you should know! PrepAgent has compiled the top 10 real estate vocabulary that you must know before you take the real estate test.

Study these 10 real estate concepts explained in simple terms! It's the best way to pass your real estate exam.

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Join Joe as he covers the following key concepts:
Real vs Personal Property
- Real Property – Immovable
- Personal Property – Movable
Estates in Property
Freehold vs Less That Freehold
Less Than Freehold
Estate for Years
Periodic Tenancy
Estate at Will
Estate at Sufferance
Less Than Freehold
Estate for Years
Periodic Tenancy
Estate at Will
Estate at Sufferance
Government Powers
PETE
Police Power
Eminent Domain
Taxation
Escheat
Types of Ownership
Concurrent Estates- Ownership With Others
Severalty – Sole Ownership
Concurrent Estates
Joint Tenancy
Tenancy in Common

#RealEstateConcepts #RealEstateVocabulary #RealEstateTerms

0:00 Introduction
0:25 Top 10 most important concepts to know to pass your real estate exam
0:38 Real property - immovable personal property - movable
2:53 Freehold Fee simple absolute Fee simple defeasible Life estate
3:42 PETE Police power Eminent domain Taxation Escheat
5:25 Concurrent estates Joint Tenancy Tenancy in common
5:37 Joint Tenancy Time Title Interest Possession Right of survivorship
6:33 STUD Scarcity Transferability Utility Demand
8:13 Market Data approach Cost Replacement Approach Capitalization income approach
9:39 Title Ownership
10:59 1968 Steering Blockbusting Panic Peddling Panic Selling Redlining