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Prep Agent: 10 Concepts you must know to pass the real estate exam 100% correct

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Prep Agent: 10 Concepts you must know to pass the real estate exam 100% correct

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2026/2027

Institution Prep Agent: 10 Concepts You Must Know To Pass The

Course Prep Agent: 10 Concepts you must know to pass the

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Prep Agent: 10 Concepts you must know to pass the real estate exam 100% correct

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Prep Agent: 10 Concepts you must know to
pass the real estate exam 100% correct
Terms in this set (49)

Real property Immovable

Personal Property Moveable

What are the two types of real estate 1. Less than freehold estate
2.Freehold Estate

Less than freehold estate limited amount of time (leases)

Freehold estate Indefinite duration (ownership)

Types of leases 1. Estate for years
2.Periodic Tenancy
3.Estate at will
4. Estate at sufferance

Estate for years Lease for defined period of time

Periodic tenancy Leases that are
recurring: wk-wk, mo-
mo, yr-yr

Estate at will Lease can end at any time

Estate at sufferance Tenant has stayed for too long

Types of freehold estates Fee simple
absolute Fee
simple defeasible
Life estate

Fee simple absolute highest degree of ownership

Fee simple defeasible can lose estate if conditions are not met or are broken

Life estate owning property for time of someone elses life

What are the 4 types of government Police power
powers (hint: pete) Eminent domain
Taxation
Escheat

Police power government power that tells you how to use the
property
-building codes, rent control, zoning

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Uploaded on: September 6, 2026
Number of pages: 3
Written in: 2026/2027
Type: Exam (elaborations)
Contains: Questions & answers

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