Real Estate Exam Ninja

Real Estate Vocabulary

Prescriptive Easements
Chris McGuire

What are Prescriptive Easements?

What are Prescriptive Easements? Some of us may have used a property we do not own. But what if there comes a time when we no longer have access to

Rectangular Survey System
Chris McGuire

Rectangular Survey System

The United States’ vast land area made it difficult to figure out its borders as the country grew westward back in the days. There was a need to have a

Chris McGuire

Real Estate Terms

60 Real Estate Terms To Help You Become A Better Communicator I’ll get straight to the point. Understanding the basics and real estate definitions is important to have in your

Easement In Gross
Chris McGuire

Easement In Gross

What is an Easement in Gross?   An easement in gross is the right to use another person’s land (legally) for as long as the holder of that easement is alive.  

Market Data Approach
Julie

Market Data Approach

Are you an aspiring real estate agent studying for your real estate exam? I can assure you that understanding the sales comparison approach (market data approach) will be on your

puffing in real estate
Chris McGuire

Puffing In Real Estate

As a real-estate buyer, have you ever had a real estate agent go on and on about the positives of a property they are showing you? Throwing words like ‘the

Estate For Years
Chris McGuire

Estate For Years

What Is An Estate For Years   An estate for years is just a type of leasehold estate.  Do not confuse this with any sort of physical ownership! An Estate For

Functional Obsolescence
Julie

What is Functional Obsolescence?

If you stumbled up on this page, chances are you are studying for some sort of real estate exam and looking to improve your real estate vocabulary. Let me introduce

littorian rights
Chris McGuire

Littoral Rights

Littoral Rights Vs Riparian Rights Do you own property that is close to a water body? Then you need to know about littoral rights. “Littoral rights are the rights given

Fee Simple Defeasible
Chris McGuire

Fee Simple Defeasible

What Is Fee Simple Defeasible Depending on what part of the country you are from, Fee Simple Defeasible is also called a qualified fee estate, conditional fee estate, or a

Leasehold Estate
Julie

Leasehold Estate

In the world of real estate, a leasehold estate pertains to the agreement between a landlord (the owner of the property, or lessor) and a tenant (the one who occupies

Chris McGuire

What Is a Freehold Estate?

Ahhhh! So you are studying for your real estate exam and need to know what a freehold estate is, huh? It’s one of the many real estate vocabulary words you

types of easements in real estate
Chris McGuire

Types Of Easements In Real Estate

What Are The Main Types of Easements? The legal right to use another person’s property (also known as a right of way) for a certain purpose refers to an easement. Some people

dual agency
Chris McGuire

What Is Dual Agency and Is it Illegal?

Dual Agency In layman’s terms, a duel agent (or dual agency) is someone who is representing the buyer and the seller at the same time. Because dual agency is legal

Appurtenances
Chris McGuire

Appurtenances Real Estate

What is an Appurtenance?   When studying for your real estate exam, you will need to know an appurtenance is a noun and means something that is a part of

Real Estate Contingencies
Chris McGuire

Real Estate Contingencies

What does contingent mean in real estate? Homeownership offers personal and financial perks. Yet, the plunge into a real estate transaction requires considerable care. Once accepted by a seller, your