Episodios

  • Real Estate Exam [National] 06, Metes and Bounds Legal Description Explained

    Real Estate Exam [National] 06, Metes and Bounds Legal Description Explained
    Jan 12 2026
    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 a clockwise path to ensure the closure of the boundary. • How to identify metes and bounds terminology like degrees, minutes, and seconds compared to other survey methods. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or Youtube Channel: https://www.youtube.com/@Open-exam-prep
    Más Menos
    4 m
  • Real Estate Exam [National] 05, Economic Characteristics of Land Explained

    Real Estate Exam [National] 05, Economic Characteristics of Land Explained
    Jan 11 2026
    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 considered the most significant factor in land value. • Strategies to differentiate economic characteristics from physical characteristics to avoid common exam traps. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or Youtube Channel: https://www.youtube.com/@Open-exam-prep
    Más Menos
    4 m
  • Real Estate Exam [National] 04, Physical Characteristics of Land Explained

    Real Estate Exam [National] 04, Physical Characteristics of Land Explained
    Jan 10 2026
    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 remedy of specific performance in real estate contracts. • The mnemonic I I U helps candidates distinguish physical characteristics from economic ones like situs and scarcity. • National exam questions often use the term non-homogeneity to test a candidate's understanding that no two parcels of land are identical. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or Youtube Channel: https://www.youtube.com/@Open-exam-prep
    Más Menos
    4 m
  • Real Estate Exam [National] 03, Bundle of Rights Explained

    Real Estate Exam [National] 03, Bundle of Rights Explained
    Jan 9 2026
    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 right of control is limited by government police powers and zoning regulations. • The concept of severability and how owners can transfer individual sticks from their bundle. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or Youtube Channel: https://www.youtube.com/@Open-exam-prep
    Más Menos
    4 m
  • Real Estate Exam [National] 02, Trade Fixtures Explained

    Real Estate Exam [National] 02, Trade Fixtures Explained
    Jan 8 2026
    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 lease expiration results in the landlord gaining ownership via accession. • Tenants maintain a legal obligation to repair any property damage caused by the removal of their trade fixtures. • On the national exam, keywords like "commercial" and "business equipment" signal the application of trade fixture rules over standard fixture tests. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or Youtube Channel: https://www.youtube.com/@Open-exam-prep
    Más Menos
    5 m
  • Real Estate Exam [National] 01, Fixtures and the MARIA Test Explained

    Real Estate Exam [National] 01, Fixtures and the MARIA Test Explained
    Jan 7 2026
    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 fixtures in a licensing exam context. • How to identify common exam distractors such as item cost and time of purchase. • Why written agreements in the sales contract override standard fixture classification rules. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or Youtube Channel: https://www.youtube.com/@Open-exam-prep
    Más Menos
    4 m
adbl_web_global_use_to_activate_DT_webcro_1694_expandible_banner_T1