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

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: realestatelice...
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[@nikkolomakaveli8295]

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

[@RealEstateLicenseWizard]

So happy to hear that!

[@InspiringMinds-r1p]

I agree

[@cco3945]

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 KZbin 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]

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

[@kelleearrington6958]

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]

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

[@jdz78]

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

[@alexanderrosario4757]

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

[@telanotelano]

Thanks man I listen to this in my car while driving

[@lynngelski3604]

Love it!!! Its all about the vocabulary.

[@Bankrollblanco]

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

[@RealEstateLicenseWizard]

Thanks for the kind words!

[@nicolesalyers2717]

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]

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

[@connied9656]

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

[@RealEstateLicenseWizard]

Thanks so much for the kind words!!!!

[@flex9678]

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

[@RealEstateLicenseWizard]

Glad to help!

[@rosaruvolobasile9025]

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]

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

[@sellitwithsandy9268]

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

[@RealEstateLicenseWizard]

You're so welcome!

[@breesechick]

Thanks. Helps my additional studying

[@connied9656]

Thank You so much for putting these together.

[@vd777]

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! 😅

[@Tusirstueutsut]

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.

[@forrestnuttall7467]

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]

Thanks so much for the kind words!!!!

[@rileysmiley9585]

I concur ❤️

[@rileysmiley9585]

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

[@aherriot13]

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

[@diannacotwright4892]

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

[@francesortega4563]

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! :)

[@gothamcity007]

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

[@jackcarter4113]

Thanks for giving examples it helps

[@RealEstateLicenseWizard]

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

[@tonypham3836]

Super great video! Thank you very much!

[@irma3110]

This has been incredibly helpful, thank you so much ❤️

[@RealEstateLicenseWizard]

You're so welcome!

[@cheesychester9647]

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]

Good luck! Stay positive!

[@RealEstateLicenseWizard]

Thanks a bunch for watching. Part four here: kzbin.info/www/bejne/n2SwnWyggb51f9U Want full access to flashcards AND practice exams, see here: bit.ly/3Vxgksr

[@macendipaolo]

Can't wait for Part 4. I take the national exam on Saturday.

[@yuhuiliu390]

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

[@theresadodd4208]

Excellent channel and teacher. Theresa from Michigan

[@tyrellwalter3264]

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

[@emmaalvarez1617]

I love this channel.

[@RealEstateLicenseWizard]

We love you!

[@allanbakker5214]

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?

[@AlexSerranocreativefeather]

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

[@RealEstateLicenseWizard]

Glad it was helpful!

[@RaVen-kh9no]

This is soooo helpful your the best!!!

[@ivanc9231]

You are the bob Ross of realestate

[@RealEstateLicenseWizard]

Haha thank you?

[@Joey.Boogie]

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]

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]

Yes correct 👍🏽

[@lisawilson105]

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

[@francheskalopez5907]

GAP “and it’s not the store.” 🤣

[@Adriianaortiz]

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

[@RealEstateLicenseWizard]

Best of luck! Nice channel btw 😀

[@Adriianaortiz]

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

[@yisraeljohnson7747]

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

[@yisraeljohnson7747]

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

[@aliciad.5231]

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?

[@JavarisJamarJavarisonLamar1]

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!!!

[@brazybristian3968]

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

[@teamlovepanda]

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

[@DanielLopez0224]

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

[@RealEstateLicenseWizard]

Haha I always get that mixed up! Thanks!

[@sylviebordeau4033]

Thank you !

[@kristisummers9024]

Thanxxxxxx Zacc🥰🥰🥰🥰🥰

[@relaxedsunshine5816]

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

[@Lady1King]

Or’s give and ee’s receive!

[@AndraesWealthInvestments]

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

[@MARIASTRONG6]

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]

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.

[@lisawilson105]

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

[@shaeifrdgolrokhsharifirad1168]

Thanks

[@Ajkwhatsahandle]

Thank you

[@matthewwilliams2014]

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

[@SelfMadeMoneyGang69]

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

[@lisawilson105]

Thank you

[@billyconley1515]

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]

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]

@@RealEstateLicenseWizard just the school book. Ok thanks!

[@JG-vh6mn]

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.

[@awardssteaming4304]

Thanksssssssss

[@lavoisier2815]

They use those terms to make it sound more Professional.

[@saheralia1]

why is 120 questions in psi new jersey?

[@vialpandofamily773]

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

[@RealEstateLicenseWizard]

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

[@lov4570]

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...

[@Sweetlikecandie365]

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

[@RealEstateLicenseWizard]

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]

@@RealEstateLicenseWizard Thank you kindly 🙏🏽

[@edelinepaulet28]

Yes I believe you said Disney world last time

[@buttajones8965]

is this valid for New Jersey?

[@RealEstateLicenseWizard]

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

[@coltonfelan-realestateprof3483]

"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]

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

[@donnacaddell8018]

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

[@Rahmani418]

Gross lease ?

[@youandibothlovelove]

would government power be the same as police power?

[@RealEstateLicenseWizard]

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

[@Deluxe1251]

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

[@scotte9384]

Pauses after each word or phrase are way too long

[@robertvincent5153]

This guy is very mislead in his understanding of the material.

[@franklinmandein6546]

How

[@whomeyoupoop]

Thank u for doing thid

[@whomeyoupoop]

Hopefully I explained that well