255 Real Estate Exam Vocabulary Terms you NEED to KNOW (101-150)

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Part three here! You've heard it before the most important part of the real estate exam is the vocabulary. Watch with us as we review key real estate terms that will appear on your real estate exam.
Part one here: • 255 Real Estate Exam V...
Part two here: • 255 Real Estate Exam V...
Part four here: • 255 Real Estate Exam V...
Part five here: • 255 Real Estate Exam V...
By far the most substantial chunk of the real estate license exam is the vocabulary. The key concepts and words you have to study are essential for obtaining your real estate license, so it’s crucial you learn and become familiarized with them.
Don't be afraid to to keep score and let us know how you did down below!
Text version here: realestatelicensewizard.com/r...
#realestate #realestateexam #realestatelicense
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Want to learn more about the smart way to get your real estate license and start a successful real estate career? Then make sure to visit the Real Estate License Wizard, getting started is easy. Just click the page below: realestatelicensewizard.com
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Опубликовано:

8 сен 2020

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Комментарии : 117

@cco3945 Год назад

Thank you so much for taking the time to review all these terms with us. This is super valuable and means so much to me. You are by far the best real estate instructor on RU-vid that I could find. Your voice is nice and tolerant, not obnoxious like other instructors. You stay focused on explaining topics accurately. Overall, You do a great job reviewing all material and terms needed for the exam. Big thanks!

@RealEstateLicenseWizard Год назад

You are so welcome! Thanks so much. That means a lot!

@nikkolomakaveli8295 Год назад

I listen to this series everyday I find this more helpful than the classes or the book

@RealEstateLicenseWizard Год назад

So happy to hear that!

@user-ev4yg2mu8g 9 месяцев назад

I agree

@kelleearrington6958 2 года назад

LISTENING TO THESE VOCABULARY DEFINITIONS AND YOUR EXPLANATIONS OF EACH WORD HELPED ME TREMENDOUSLY!!! I PASSED MY EXAM TODAY!! THANK YOU FOR YOUR HELP! I WILL BE RECOMMENDING YOUR CHANNEL TO ANYONE I KNOW INTERESTED IN BECOMING A REAL ESTATE AGENT👍🏾👍🏾👍🏾👍🏾👍🏾👍🏾🙌🏽🙌🏽🙌🏽🙌🏽🙌🏽🙌🏽

@RealEstateLicenseWizard 2 года назад

Yay!!!! Congrats Kellee! Thanks so much for the kind words! Good luck with your real estate career!!!

@jdz78 2 года назад

Great job Kellee! How are you doing now. I am taking my test today!

@alexanderrosario4757 11 месяцев назад

Agreed. The explanation gave me in depth knowledge of concepts and situations. Game changer for sure. Thanks man

@connied9656 3 года назад

And you have a really nice voice, it's calming.

@RealEstateLicenseWizard 3 года назад

Thanks so much for the kind words!!!!

@telanotelano 3 года назад

Thanks man I listen to this in my car while driving

@Bankrollblanco 3 года назад

Excellent content. Perfect for a review. Hearing these terms along with reading them, really helps them to stick. Thank you

@RealEstateLicenseWizard 3 года назад

Thanks for the kind words!

@lynngelski3604 2 года назад

Love it!!! Its all about the vocabulary.

@rosaruvolobasile9025 3 года назад

You have taught me so much even stuff that I knew I have a better understanding of the value of the meaning of the word

@RealEstateLicenseWizard 3 года назад

Glad I could. Thanks so much for watching and the nice comment!

@nicolesalyers2717 3 года назад

Wish I found this channel sooner, I wanted something I could listen to while I’m at my day/desk job and this is perfect!

@RealEstateLicenseWizard 3 года назад

Glad to hear you are enjoying the content. Its never too late! Thanks for the comment.

@flex9678 3 года назад

Appreciate you very much. Much better than actual flash cards or sitting in front of a pc. Thank you.

@RealEstateLicenseWizard 3 года назад

Glad to help!

@connied9656 3 года назад

Thank You so much for putting these together.

@sellitwithsandy9268 3 года назад

Thanks for giving real life advice outside of the vocab and definitions! It makes a huge diff!

@RealEstateLicenseWizard 3 года назад

You're so welcome!

@vd777 3 года назад

Toby!!! thank you so much for taking the time to help us with the Vocabulary! I always wondered what had happened to you after the Office! 😅

@rileysmiley9585 2 года назад

Keep up the excellent work...you're very much appreciated and your perspective on terms and acronyms is amazing!📝💙🕊️

@aherriot13 3 года назад

amazing video! the way you explain things is my favorite on youtube. love your examples!

@Tusirstueutsut 3 года назад

Thank you so much my older sister is doing amazing with these classes she's learning a lot from you she's even understanding betting at her classes.

@francesortega4563 3 года назад

Toby I appreciate you so much! thank you for making these channels for us future agents, I have submitted my application and certificates and soon I will schedule my exam. on the mean time i am watching your videos to prepare my self more. you make it so much easier to understand the meaning of the words. Thank you so much! :)

@forrestnuttall7467 3 года назад

You're so awesome, thank you! Really enjoy your videos and your use of examples. I couldn't thank you enough and I mean that.

@RealEstateLicenseWizard 3 года назад

Thanks so much for the kind words!!!!

@rileysmiley9585 2 года назад

I concur ❤️

@francheskalopez5907 3 года назад

GAP “and it’s not the store.” 🤣

@yuhuiliu390 3 года назад

Thank you so much for your channel..its helping sooo much

@breesechick 3 года назад

Thanks. Helps my additional studying

@irma3110 3 года назад

This has been incredibly helpful, thank you so much ❤️

@RealEstateLicenseWizard 3 года назад

You're so welcome!

@gothamcity007 3 года назад

Amazing! Thank you. Plz more examples after each words!

@tonypham3836 Год назад

Super great video! Thank you very much!

@Joey.Boogie 3 года назад

21:00 - General Agent vs. Special Agent. Was a bit confused by the definition given, I was under the impression that if we hire a realtor to sell our home, they are a Special Agent, hired to handle a specific transaction and only that transaction, as to where a General Agent would be more of a POA, capable of hiring the realtor to sell the home, and basically everything else on behalf of their client. Thoughts?

@CentralFloridaHomeTours 3 года назад

Kind of, he definitely confused himself there. Special Agents are the most common ones. Universal Agents have the POA and can perform any act inside or outside of a business on behalf of a person.

@bangbang0753 Год назад

Yes correct 👍🏽

@lisawilson105 Год назад

There have been a few he was wrong on. So thankful I decided to read the comments. Thank you. Your so smart🏆

@RaVen-kh9no 3 года назад

This is soooo helpful your the best!!!

@jackcarter4113 2 года назад

Thanks for giving examples it helps

@RealEstateLicenseWizard 2 года назад

Glad it was helpful! I find its easiest with examples so I try!

@brazybristian3968 Год назад

What is the difference between a freehold estate and few simple absolute? It seems like both terms mean full ownership but are they different?

@theresadodd4208 3 года назад

Excellent channel and teacher. Theresa from Michigan

@cheesychester9647 2 года назад

Failed yesterday on my 1st attempt (1 on national and 4 off on state). Binge-watching your videos now to solidify my vocab so I can hopefully kill it the next try!

@RealEstateLicenseWizard 2 года назад

Good luck! Stay positive!

@aliciad.5231 3 года назад

Hey, I'm really enjoying your vocab and questions, on your sight with the study information to purchase do you have recordings of the information like these where you give examples and you can listen as well as well as look or do you have to totally look at the computer the entire time?

@AlexSerranocreativefeather 3 года назад

Zac, this has been incredibly helpful. Thanks a lot!!

@RealEstateLicenseWizard 3 года назад

Glad it was helpful!

@kristisummers9024 3 года назад

Thanxxxxxx Zacc🥰🥰🥰🥰🥰

@diannacotwright4892 5 месяцев назад

Wow, incredible information! Thank you so much and I love the way you teach.

@matthewwilliams2014 3 года назад

does anyoe know what land survey system is used in PA?

@Ajkwhatsahandle 3 года назад

Thank you

@allanbakker5214 Год назад

First off Great content! One thing I did notice was the general Agent. I thought Universal was the highest level of Agency then General Agent then special agent?

@Adriianaortiz 3 года назад

thank you for this I'm planning on doing real estate soon :)

@RealEstateLicenseWizard 3 года назад

Best of luck! Nice channel btw 😀

@Adriianaortiz 3 года назад

@@RealEstateLicenseWizard thank you :) Question: Do I need to memorize all 255 vocabulary terms for the real estate license exam?

@emmaalvarez1617 2 года назад

I love this channel.

@RealEstateLicenseWizard 2 года назад

We love you!

@ivanc9231 3 года назад

You are the bob Ross of realestate

@RealEstateLicenseWizard 3 года назад

Haha thank you?

@sylviebordeau4033 Год назад

Thank you !

@user-go7wm4dq2c 8 месяцев назад

Can anyone tell me how long those a broker have to give listing seller there papers of the contract?m please and thanks

@yisraeljohnson7747 3 года назад

Thank you for these videos I take my national for the 3rd time today

@yisraeljohnson7747 3 года назад

Had to reschedule for today and I passed thank you to this channel, u guys are great.

@shaeifrdgolrokhsharifirad1168 3 года назад

Thanks

@teamlovepanda 2 года назад

Can you put this in a podcast? I listen to podcasts when I drive for lyft. Unfortunately my youtube screen and my navigation screen collide due to having to go back to back. Thank you. I listen to podcasts on Pandora. Fyi

@awardssteaming4304 3 года назад

Thanksssssssss

@whomeyoupoop 3 года назад

Thank u for doing thid

@laneshook3302 6 дней назад

Could you please provide a list of all of the vocabulary words in each video in the comment section? Thanks for doing these videos they are very helpful!!!

@relaxedsunshine5816 2 года назад

Just studying these terms enough for passing the exam or taking a class is still strongly recommended?

@MARIASTRONG6 3 года назад

Question, I currently wholesale and flip properties, once I become a licensed agent and DO NOT join the NAR, must I still disclose I am an AGENT when doing personal investments. Thank you.

@RealEstateLicenseWizard 3 года назад

Depends on what state you live in. Check your states real estate commission for information. Some states you are legally required to disclose the information as soon as you start talking business. Definitely check with your states specific laws.

@JG-vh6mn 3 года назад

Can't you execute a contract without completing it? I thought it was only completed when signed by both parties. You can execute a contract to be signed, but until it is, it's not complete.

@saheralia1 3 года назад

why is 120 questions in psi new jersey?

@SelfMadeMoneyGang69 2 года назад

Don’t forget “hypothecation” I got that wrong on my test. Didn’t know what it was

@lisawilson105 Год назад

Thank you

@DanielLopez0224 2 года назад

Love your videos, they have helped so much! P.S. It’s Disney World, Disney Land is in California! 😆

@RealEstateLicenseWizard 2 года назад

Haha I always get that mixed up! Thanks!

@lisawilson105 Год назад

Question: can a “General Agent” be the buying agent, selling agent and the closing agent????

@tyrellwalter3264 3 года назад

I know a majority of these but your definitions help me see more clearly!

@Lady1King 3 года назад

Or’s give and ee’s receive!

@billyconley1515 3 года назад

Is there a reason why you only doing 255 flash cards? The book has close to a thousand. Or are these just the main ones you need to focus on? Btw these vids are great help

@RealEstateLicenseWizard 3 года назад

Which book? These are the most important in our professional opinions. We definitely might do another version of this in the future with more terms though.

@billyconley1515 3 года назад

@@RealEstateLicenseWizard just the school book. Ok thanks!

@lavoisier2815 3 года назад

They use those terms to make it sound more Professional.

@mlouis7 2 года назад

im confused about INVERSE CONDEMNATION ? Doesnt the goverment HAVE to pay MARKET VALUE when eminent domain occurs?

@RealEstateLicenseWizard 2 года назад

If you are still confused on that check out our article on the subject: realestatelicensewizard.com/eminent-domain/

@Rahmani418 2 года назад

Gross lease ?

@whomeyoupoop 3 года назад

Hopefully I explained that well

@vialpandofamily773 3 года назад

Would it be possible to get the link to study this set on quizlet? Please pretty please!🥺

@RealEstateLicenseWizard 3 года назад

We are working on something in the future that will solve this issue!

@buttajones8965 2 года назад

is this valid for New Jersey?

@RealEstateLicenseWizard 2 года назад

Yes most of these apply for NJ. These are for the national portion in all fifty states.

@Sweetlikecandie365 3 года назад

I was under the impression that the Habendum Clause was referred too as to have and to hold...

@RealEstateLicenseWizard 3 года назад

It is! As I mentioned in this video some definitions will be slightly different than yours. As long as its similar, you are good!

@Sweetlikecandie365 3 года назад

@@RealEstateLicenseWizard Thank you kindly 🙏🏽

@edelinepaulet28 3 года назад

Yes I believe you said Disney world last time

@coltonfelan-realestateprof3483 3 года назад

"A defeasible estate is created when a condition is added on a fee simple estate. If the condition is met, the estate may be lost." Wouldn't it be if the condition ISN'T met, the estate may be lost?

@edelinepaulet28 3 года назад

I’m guessing the condition would be something like “alcohol sale is prohibited” if that condition is met, then the estate may be lost.

@lov4570 3 года назад

They use these terms because they haven't changed them since pilgrim days. That's why they use "covenant of warranty" which you be protected by a kings guarantee etc...

@donnacaddell8018 3 года назад

I can hear you but I can see the video!!

@youandibothlovelove 3 года назад

would government power be the same as police power?

@RealEstateLicenseWizard 3 года назад

Kind of, in our case, the terms can be used interchangeable often.

@Deluxe1251 2 года назад

They use all these terms to test out “mastery” in the subject of “real estate” lol

@RealEstateLicenseWizard 3 года назад

Thanks a bunch for watching. Part four here: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-i3Ml9jLYBIs.html Want full access to flashcards AND practice exams, see here: bit.ly/3Vxgksr