Real Estate Exam Ninja

Real Estate Ninja Agent

No matter if you are just educating yourself or studying for your real estate exam, understanding the subordination clause is important. Once a home undergoes foreclosure, it’s possible that mortgage lenders require a subordination clause. It helps in establishing the priority of claims to a home. You might have multiple mortgages. You might be taking …

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What Do Ingress and Egress Mean In Real Estate? Studying for your real estate exam or just curious about ingress and egress? Regardless, we can help! Ingress and egress are the rights to enter and exit a property. It sounds simple, but ingress and egress in real estate don’t end there. For example, purchasing a …

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How Hard Is It to Pass the Real Estate Exam? Getting ready for a career in real estate? Well, before you can become a certified real estate agent, you’ll have to pass the real estate exam first. Now, because the real estate licensing exam covers a lot of topics, it’s not something you can study …

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Can a Felon Get a Real Estate License? The short answer? It depends. A felony can place a serious dent in your background. But don’t lose hope. Not all crimes make a person ineligible for obtaining a real estate license. And that’s what we’ll share with you today. Getting a Real Estate License With a …

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Do you plan on being a licensed real estate agent in Louisiana? You’re in luck because we’re here to guide you!Getting your real estate license seems like a challenge, and obtaining a Louisiana real estate license is no stranger to the difficult task ahead. Luckily, we’ve come up with easy to follow steps to help …

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Real estate agents help create the bridge to helping you find your next home or sell your current one. More than just helping you buy and sell homes, there are critical details a real estate agent needs to sort out. How do you know you can trust a buyer? Which price offer is justifiable? Should …

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Do you want a prospering career as a real estate agent today?Helping people own their dream home or property can be very rewarding. You can choose your own schedule, and have unlimited income potential too. Getting a real estate license in Hawaii is a great opportunity to get started.Here’s what you need to do… Prequalifications …

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Getting a Tennessee real estate license is simple. Read on and we’ll show you how to get a Tennessee Real Estate License with easy steps and a comprehensive list of requirements, as well as answer frequently asked questions. Prequalifications Tennessee Real Estate Affiliate Broker License 1. You must be at least 18 years of age.2. …

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As most of you know, the real estate exam is not easy. One of the questions we are often asked is… “What happens if you fail the real estate exam?” Well, the good news is, your life isn’t over. The licensing exam is known for being so difficult that only 59% of students pass on …

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What is an Attorney in Fact In real estate and other endeavors, individuals or entities often need people to act on their behalf. Agents bring the time, experiences, resources and abilities to perform tasks that the principal cannot always accomplish themselves. A power of attorney is one vehicle by which one person becomes an agent …

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A Quick Guide on How to Get a Real Estate License in New Jersey A career in real estate is a good career path to pursue in New Jersey because it is a lucrative career that earns great income, lets you meet a lot of people, and opens opportunities for you. However, not just anyone …

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Types of Easements The legal right to use another person’s property for a certain purpose refers to an easement. Some people might not have heard the term yet but if you’re a person who’s using someone else’s property for a reason, chances are you were able to come across the word previously and you just …

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Often times, people are overwhelmed with real estate terms such as “contracts”. But in reality, you are already very familiar with contracts and how they are used in every day life and in business.  As the title of this article suggests, there are two types of contracts, bilateral and unilateral. The difference between the two …

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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 determinable fee estate. Don’t get too entrenched in the name though, as the chances of seeing this on your real estate exam is really low. …

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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 Years only means that the person is leasing the property for a predetermined length of time. The “Estate For Years” lease has a specific beginning date …

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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. How Does An Easement in Gross Work In The Real World? Pretend your neighbor Mary owns ten acres of land (including an amazing fishing pond). Mary sells …

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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 standard consistent measurement for a large area of land since the U.S quickly extended beyond the original 13 colonies. Thus, it led to the creation …

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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 it? Take for example; you are driving your car across your neighbor’s land to take a short cut. Then, your neighbor feels the need to …

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Should I become a real estate agent? ! It’s a question all of us real estate professionals have had at one point in our life. It normally happens when we are at some sort of crossroad in our life and need a change of direction. Below is 5 question quiz so you can know if …

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Principle of Substitution The principle of substitution – a buyer will not pay more for a property than the cost of an equally desirable alternative property. Although this real estate term is often used in the appraisal world. The Principle of substitution can be applied when you are looking to buy or rent a home. …

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What is an Agency Relationship in real estate?   Before we begin to answer this in detail, let’s first describe what an agent is. An agent is a term commonly associated with the broker or a real estate representative designed to represent the interests of their client in a real estate transaction. With this understanding, …

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The Bundle Of Rights  When you own real estate property a set of rights comes along with it. This set of rights is commonly referred to as a bundle of rights in real estate. This is one of the most important terms you will need to know for your real estate exam. What is the …

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Easement By Necessity An easement is a legal means of trespassing on another’s land. These access permissions are passed on from one landowner to another. There are various types of easement, all mandated by one legal reason or another. Easement by necessity is a specific type of easement provided from one landowner to another. What …

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Land Contracts A land real estate contract is akin to a private financing contract where real estate – either real property and/or structures on that property – is changing hands. In this article, learn how a land sale contract works, why they are still used today, who is responsible for paying what, details about deed …

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Emblements: Who Do They Belong To? What are Emblements in Real Estate? In real estate these are crops that are planted and taken care of by tenants, and remain the property of the tenants even after they lose possession of the land. When tenants are leasing property that has a farmland on it they may …

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