Episode
Episode 100 - Real Estate Exam Questions: Fee Simple and Life Estates
- Published
- Mar 7, 2024
- Duration seconds
- 4135
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Summary
Episode 100 - Real Estate Exam Questions: Fee Simple and Life Estates Going through state exam questions to help real estate students pass their state exam. 01:20 – We hit episode number 100!!! 02:35 – Be careful where you get your information for your exam questions. Not all are the same. Watch for state specific topics versus the general/national portion of the exam. 06:20 – Example: the value of a point in relation to the interest rate reduction. 08:10 – List of recent grads: Sara, Jamila, Sharon, Breanna, Tim, Kap, Jaquie, Natalie, Shana, Austin, Sheila, Simon, Grant, Marlainna, Maya, Kennedy, Deborah, Sydney, Bridgette, Michael, John, April, Janeva, Martina, Elishia, Jessica, Naomi, Christina, Matthew, Maria, Sophia, Loren, Brandi, Eric, Dominique, Odonel, Jordan, Mark, Dana, Andres, James, Kiana, Anitra, Dayanna, Nathanial, Tatiyon, and David. 09:15 – Messages from Sara and Tatiyon. Common theme: breathe and listen to all the A-Ha episodes. 14:30 – Episode Focus: fee simple, fee simple absolute, fee simple defeasible, and life estates. 16:10 – Freehold and Non-Freehold estates. 19:00 – Fee simple and fee simple absolute. 21:40 – Fee simple defeasible: a qualified fee estate that is subject to the occurrence or nonoccurrence of some specified event. 23:30 – Three forms of fee simple defeasible: determinable, subject to condition subsequent, and subject to executory limitation. One main difference: if the condition is not met, who gets the property? 27:30 – Determinable versus subject to condition subsequent; words and phrases distinguish them; how does the property go back to the original grantor; lawsuit required? Possibility of reverter or right of reentry (power of termination.) 30:45 – Fee simple subject to condition subsequent: right of reentry/power of termi…