Test Prep Blog for the Real Estate License Exam

Real Estate: Ownership Rights for Natural Resources

Aside from the standard bundle of rights that comes with real estate ownership, there are a few more rights you need to be aware of. They mostly involve natural resources of the property and there is a good chance you’ll see some questions about these rights on the real estate test. Water Rights...
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Real Estate Tenancies

Real estate tenancies mostly refer to the ownership of land. There are a variety of ways that land can be divided and owned. Here, we will outline a few of the most common tenancies in real estate. In many cases, these tenancies vary greatly by state, so it is important to do your own research to...
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The “Bundle” of Real Estate Ownership Rights

In real estate, the bundle of rights refers to the rights that a property owner enjoys. These rights are automatically transferred with ownership of the property. This means that when you buy real estate, a bundle of rights comes along with it. Anyone who owns real estate has certain rights that ...
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Real Estate Listing Types

In real estate, a listing is a contract of employment between a property owner and a real estate broker to sell or lease property. These are the six types of real estate listings: Open Listings— Open listings are the most common type. Under an open listing, the property owner offers a re...
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Jobs in Real Estate

Many jobs and careers are related to real estate. Here is a list of the most common ones: A realtor is someone who sells real estate on behalf of the property owner. Realtors must hold a license in order to sell real estate and requirements for licensure vary by state. A realtor can be a...
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Recent Posts

Real Estate: Ownership Rights for Natural Resources

Aside from the standard bundle of rights that comes with real estate ow

Real Estate Tenancies

Real estate tenancies mostly refer to the ownership of land. There are

Real Estate Listing Types

In real estate, a *listing* is a contract of employment between a prope