Passed both exams on my first attempt and all of your videos helped tremendously. Anyone about to take the exam; here is a little advice. The 3 and a half hours does include both the state and national (at least in IL). I still had an hour left when I finished and I re went through every question. I took both at the same time. If you do not know a question, skip ahead! You would be surprised how many times you can at least exclude some answers or maybe figure out the correct one by the time you come back to it. Also, for me, if I saw a time consuming math problem, I skipped it. I decided to carry the momentum over with the other questions and did all the math problems at the end. Finally, if you find yourself stressed out, take a few deep breathes through your nose and out of your mouth and just relax. You have plenty of time and nobody is there to rush you. Read each question CAREFULLY. They do try to trick you sometimes; you don’t always have to overthink it. Take your time and give yourself the best possible chance. I also wrote down some terms and formulas immediately upon sitting in my seat. Watching these videos is already a great start. Good luck to everyone out there. I appreciate your videos and I will recommend them to others!
@@jstandards766 I think Post Modern Yogi was talking about the state and national. They are both on the same test, but are considered 2 tests. If you fail either, you have a certain time limit to retake the one you failed without having to retake the whole thing.
I took the test a month ago and didn’t pass. I found your channel a few days ago. I listened to every videoing could within a few days and passed today!!! Thank you!
I can’t thank you enough. Watched part 1 and part 2 of your videos twice and passed my first try! I was nervous only having to have studied for 2 weeks but without these videos I don’t think I would’ve passed out here in California. Thank you again!!!
@@richk8126 congratulations Rich! I’m about to take mine in Los Angeles next week. If I know all hundred questions down pat, I should be good? Is there anything else you recommend that I study? Thank you so much for your time!
@@jd6511 I took the Allied Real Estate practice exam and this practice exam multiple times. Learning your vocabulary is the best way to study but if you take these practice exams over and over again you’ll start to understand the vocabulary. Remember to make sure that you choose the best answer as they usually try and trick you with 2 correct answers. Good luck
Got recommended this day after I passed the exam. I thought during the test I failed, ended up scoring 82% on both which idc as long as i passed haha Big thumbs up for this guy going in depth and offering this knowledge just to link the website he uses. Im sure I would have went in more confident if TH-cam decided to help a brotha out, but anyways good job man. And everyone, the exam is not that hard, you just have to read the questions thoroughly and ALWAYS no matter what review each question at the end if you have time left. I had an hour extra almost and I really took my time with it. But if you haven't taken a 130 question test in a long time in 3 hrs then i urge you to practice that length of a real estate test somewhere, it really preps you, building your reading muscles so they dont tire out and confuse you test day. Remember the entire point of the test is so the state can say hey you're educated we have no liability on your actions. considering the amount of fraud that involves real estate transactions
This guy is awesome..l learned more from him than taking real estate class. He breaks things down so that you understand how to understand what the question is asking for.
Going to be taking my exam next month, and this has helped refresh my memory on real estate since I haven't been studying lately! Thank you so much for your tips and tricks on how to pass this exam. I'm excited to start this new year with a bang, as well as a new change of career path for myself.
Hi ! I have watched a few videos now and love them, my question is what do you draw these questions from? Have they been present on an exam and you pool them? I am hoping to take my TX exam next week and Im looking for the best way to study the abundant amount of information. Best tips??? THXXXXX
I’m 62 and transitioning into Real estate ,I’m very intimidated by the math ,,however watching your vids has given me confidence to start my course which is with Allied School in Texas ,,,
Thank you for your help...but sometimes when you're speaking, your words jumble and you speak fast. So then I can't quite understand . But i love how you take the time to go through everything... remember to make your day magical!!!
My real estate exam is on the 19th of this month(in a few days) and I feel really good about it, only missed 5 and I'm about to go onto your other vids! They're so helpful thankyou!
Thank for the video. One suggestion for future videos, would you be more clear when reading out loud question and answers. At times it’s hard to understand. Thanks
Would love to know if this helped anyone on their exam. All the comments below are from folks studying for their test. I love these videos, but would like to hear from anyone below who got through their exam. Thank you for putting this together. I love all your talking points/explanations to each question. Very well done.
#71 is tricky because Alienation is a specific example of an acceleration clause. The question specifies the property is "sold" thereby "alienation" of the property
For #86, could anybody explain the difference between deed restrictions and CCRs/restrictive covenants? Really awesome test by the way, thank you so much!!!
Just took my exam yesterday and failed national exam by 1 point and the state by 2 points. Was so close to passing! I definitely did improve in all areas where I fell short my 1st exam. But still see that Contracts and leases, are my weak areas. This time leases were questions on commercial. Do you have any video on these 2 particular categories? Also do you have prep courses for the state of NH? Love your videos btw SUPER HELPFUL!
My Indiana state and national test is in 2 days and I feel like I’m doing well on these questions. How comparable are these questions to an actual national exam?
quick question, on Question 57, i believe, the math question where the answer was 1,443.75, when you multiplied 52,500 x .02750, it was originally 27.50 mills, why and how do you know to move the decimal 3 times to left ?? great info and video, just curious about that particular math procedure
I found the Oregon exam to be made up mostly of situational questions that weren't covered on any practice exam I have found so far, even that included in my original course. These terms and definitions were and are very helpful nonetheless. Very difficult to pass.
Divide the mill rate by 1,000 to convert it to a decimal. Sorry I forgot to mention that. So that's three decimal places. A mill equals one-thousandth of a dollar, which is where that 1,000 comes into play.
Thank for the video. One suggestion for future videos, would you be more clear when reading out loud question and answers. At times it’s hard to understand. Thanks
71 and 84 have me scratching my head. Like you, I also answered acceleration clause for 71 considering I've learned to remember "accelerate" when involving money means a lump some being due immediately. Alienation from what I've learned is accepting responsibilities transferred to you. So I definitely got 84 correct. But if 84 is correct as alienation wouldn't 71 be incorrect on this practice exam? I'm just trying to get my head on straight before this test. Any help is greatly appreciated. Thank you :)
Trust me, I know, those terms and concepts can be tricky. Here is my best shot at explaining those for you. Think of the alienation clause as insurance for the banks or lenders. The clause prevents new buyers from taking over an existing or the previous mortgage. If the borrower decides to transfer the property, the mortgage must be paid in full immediately. So that's the alienation clause. Now as for the regular textbook term for alienation. That is the act of transferring title, ownership, an estate, or an interest in real estate from one party to another. So there is a slight difference between the too. You are right to think of acceleration as a lump sum being due, however when we are talking about contract clauses there are slight differences that differentiate the terms. I know its kinda tricky! And of course I know its hard to understand via text but I hope that helps! If you are still struggling check out our site. We have definition posts featured on our blog. Also we do have other videos on this channel that cover contract clauses. Best of luck!
@@RealEstateLicenseWizard The reason is because acceleration is for when the borrower DEFAULTS! meanwhile the alienation clause prob is talking generally not due to a default in payments
Q54: Why CCR is not the answer for an example for deed restriction? "Homeowners, who live in a deed restricted house, would be subjected to covenants, conditions, and restrictions (CCR.)"
Hi Zach, how do you establish the mill rate? I know its the amount of tax payable per dollar of the assessed value of the property but how do you get to that?
Hello, I’m currently finishing my 40 hour course and I’m looking for a prep company to get practice questions from for the Real Estate exam. How close are these questions to the actual exam? I noticed a lot of the questions in the video are used by other reputable prep companies. Thank you.
Maybe 4 or 5 if your lucky. It's made for you to fail. Hint! Tricky questions. Not how much knowledge you have. It's made this way, because there's to much competition. It's a money pit. It's like winning the lottery. I also think it's discriminatory against race of last name. It's rigged. Not about how much you know. But Good Luck!. The California one is almost impossible to pass.
@@RealEstateLicenseWizard yes!! Thanks so much!! I’m definitely keeping up with it! Your videos from 2019 and 20 been helping me a lot and also my instructor mention mostly of it in the class! Love the videos and the math part! I did understood better!!!! Thank you!!!
Great information on each question and answer. Hope to hear back of your ever check these messages. But I am confused on question 56?? if you’re not famous, would A be the proper answer? I didn’t know that one and I used my best general logic to break down the question and answer, but this one is more than just tricky is almost opinion. What’s the best strategy for these type of questions?
Hey Jason, thanks for the comment. A, C, and D, are all wrong because they are just not true. B is an actual advantage for a land trust. Famous or not, you can use land trusts to remain anonymous. There really isn't a strategy for those type of questions. You just have to know your stuff. Hope that helps. Thanks again for the comment!
Ok so I just took the example as literal and did not know the definition.. same thing happened to me with one in the 1- 50 video but then you explained and made perfect sense. So glad I found this page .. I get out of work at 3am and watch your videos til 7 or 8am I’m hooked and gaining more confidence by the day
Thank you so much for this, One question can I take the real estate exam if I am 17 and then go back to submit my application to get my license when I am 18?
@@levihaimov2588 That's a bit of a tough question. It depends on what exactly you want to do with your career. If you have any interest at all, I would recommend checking out our article on whether or not real estate is for you: realestatelicensewizard.com/how-to-know-if-real-estate-is-right-for-you/
Passed both exams on my first attempt and all of your videos helped tremendously. Anyone about to take the exam; here is a little advice. The 3 and a half hours does include both the state and national (at least in IL). I still had an hour left when I finished and I re went through every question. I took both at the same time.
If you do not know a question, skip ahead! You would be surprised how many times you can at least exclude some answers or maybe figure out the correct one by the time you come back to it. Also, for me, if I saw a time consuming math problem, I skipped it. I decided to carry the momentum over with the other questions and did all the math problems at the end.
Finally, if you find yourself stressed out, take a few deep breathes through your nose and out of your mouth and just relax. You have plenty of time and nobody is there to rush you. Read each question CAREFULLY. They do try to trick you sometimes; you don’t always have to overthink it. Take your time and give yourself the best possible chance. I also wrote down some terms and formulas immediately upon sitting in my seat.
Watching these videos is already a great start. Good luck to everyone out there. I appreciate your videos and I will recommend them to others!
Awesome! Congratulations! So good to hear!!!!!!!
Thank you for your advice. I will try to implement some of those things myself.
Great advice! Taking my IL exam on Saturday. Thank you for the advice!
Just curious, what exams did you take? if you passed the first exam the first time...was the second test another one? just confused ahahaha
@@jstandards766 I think Post Modern Yogi was talking about the state and national. They are both on the same test, but are considered 2 tests. If you fail either, you have a certain time limit to retake the one you failed without having to retake the whole thing.
I took the test a month ago and didn’t pass. I found your channel a few days ago. I listened to every videoing could within a few days and passed today!!! Thank you!
I really really love how you throw in a real time example with the answers so we can understand. Thank you!!!
Awh, thank you so much for the kind words!
Meee to makes it sooo much easier to understand!!
I can’t thank you enough. Watched part 1 and part 2 of your videos twice and passed my first try! I was nervous only having to have studied for 2 weeks but without these videos I don’t think I would’ve passed out here in California. Thank you again!!!
Thanks Rich! Happy to hear we helped. Good luck with your real estate career!!!
Really that easy as you just said
?
@@yushan0824 yes
@@richk8126 congratulations Rich! I’m about to take mine in Los Angeles next week. If I know all hundred questions down pat, I should be good? Is there anything else you recommend that I study? Thank you so much for your time!
@@jd6511 I took the Allied Real Estate practice exam and this practice exam multiple times. Learning your vocabulary is the best way to study but if you take these practice exams over and over again you’ll start to understand the vocabulary. Remember to make sure that you choose the best answer as they usually try and trick you with 2 correct answers. Good luck
Got recommended this day after I passed the exam. I thought during the test I failed, ended up scoring 82% on both which idc as long as i passed haha
Big thumbs up for this guy going in depth and offering this knowledge just to link the website he uses. Im sure I would have went in more confident if TH-cam decided to help a brotha out, but anyways good job man.
And everyone, the exam is not that hard, you just have to read the questions thoroughly and ALWAYS no matter what review each question at the end if you have time left. I had an hour extra almost and I really took my time with it. But if you haven't taken a 130 question test in a long time in 3 hrs then i urge you to practice that length of a real estate test somewhere, it really preps you, building your reading muscles so they dont tire out and confuse you test day.
Remember the entire point of the test is so the state can say hey you're educated we have no liability on your actions. considering the amount of fraud that involves real estate transactions
This guy is awesome..l learned more from him than taking real estate class. He breaks things down so that you understand how to understand what the question is asking for.
Thanks for the kind words Ashlee!
I'm taking my exam in a few days and I'm feeling more confident because I watched this. Thank you. Wish me luck.
Thanks Kevin! Good luck!!! Keep us updated!
How did it go man?
Can use this for state exam 2021 ?
@@yahaira021986 Of course! All the same questions apply. Even the 2019 videos. Its applicable for the national portion in all fifty states.
Going to be taking my exam next month, and this has helped refresh my memory on real estate since I haven't been studying lately! Thank you so much for your tips and tricks on how to pass this exam. I'm excited to start this new year with a bang, as well as a new change of career path for myself.
Thanks for the nice comment! Good luck, I hope you have a successful future!
Thanks so much for watching! Try out the exam yourself right here: bit.ly/3gmrXDo
Any chance of adding a New York exam? I have watched a lot of the videos, giving me a great start to studying! Thank You!
Hi ! I have watched a few videos now and love them, my question is what do you draw these questions from? Have they been present on an exam and you pool them? I am hoping to take my TX exam next week and Im looking for the best way to study the abundant amount of information. Best tips??? THXXXXX
ty
@@staceylewandowski1111 NY is hard
Thanks so much for doing this
I followed along with the questions and got 85% correct. A couple were wrong just because of a "duh moment" on my part. Thank you for your help!
You are so easy to listen to and it helps when you give little hits and tips. Thanks for all the help🤞
Glad to hear! Thanks so much for the comment!!!
So helpful and you don’t make it dry, keeps me interested. Thank you
I'm so glad! Glad it was helpful!
That’s true! Not DRY at all.
I been listening to you every day in the morning to help me out
Thank you so much for taking time out of your day and making these educational videos for us. Great content!
Thank you! This is very helpful! You did a great job keeping me interested.
Thanks! I appreciate the nice comment!
I’m 62 and transitioning into Real estate ,I’m very intimidated by the math ,,however watching your vids has given me confidence to start my course which is with Allied School in Texas ,,,
Great! I watched all questions 1-100. Thank you for taking the time to go into detail with immense patience. I’m assuming it is for Nevada..
Its for the national portion in all fifty states!
Your such a great teacher and loved how you keep me focus. I definitely recommend watching this.
Thanks so much for the nice comment!
I think I only messed up on 10 questions, exam in two days and I'm pumped!
Thank you for your help! Passed the Florida Real Estate exam on my first try!
Wow that's amazing! Great job!!! Good luck with your real estate career!
Love your videos! You take your time and your not pushy. You explain everything very clear. Thanks for these. Keep em coming! Lol
Hey thanks for the kind words!
Thank you for your help...but sometimes when you're speaking, your words jumble and you speak fast. So then I can't quite understand . But i love how you take the time to go through everything... remember to make your day magical!!!
You did great with these questions! Thanks for your time and for all this valuable information. Is the 1st video 2019. Please share the link.
My real estate exam is on the 19th of this month(in a few days) and I feel really good about it, only missed 5 and I'm about to go onto your other vids! They're so helpful thankyou!
Great practice exam it was a huge help and easily understood! Thank you!!!
Thanks so much for the kind comment!
Thank you for the video. I’m taking my ny test tomorrow.
This help me a lot
Where ? Did the this help
@@carlosledee7086
New York
I’m still waiting for the result
Your voice is so calming and easy to understand.
So happy to hear. Thanks for the comment!!!
Passed exam today! 🎉 thank you for the study help !!
Wow! These exam practice questions are so helpful! Keep them coming!
Thank you! Will do!
Absolutely amazing Practice Exam which builds more confidence and clarity for the exam purpose. Thank you so much sir!
Most welcome!
Thank for the video. One suggestion for future videos, would you be more clear when reading out loud question and answers. At times it’s hard to understand. Thanks
This video is so helpful and I really like your explanations which are so clear!
Glad it was helpful! Thanks so much for the kind words!!!!
Thank you so much for starting this channel 🙏🙌🙌🙌
These videos have a been seriously a huge help.
Thanks so much!
Back after the first video. Thank you Zack!
6:48 20:50 21:51 28:40 32:02 34:24 36:33 37:47 45:47 47:16 48:36 49:49 51:00 55:30 57:00 58:15 1:00:49 1:03:12 1:07:00 1:12:20
Would love to know if this helped anyone on their exam. All the comments below are from folks studying for their test. I love these videos, but would like to hear from anyone below who got through their exam. Thank you for putting this together. I love all your talking points/explanations to each question. Very well done.
Check out some of our comments on the real estate exam review video. Lots of people commented on there they passed using our materials.
Awesome and detailed information. Thank you so much..
Amazing work.Thanks for the video, i've learned so much. I'm planning on taking the exam in Virginia.
Glad it was helpful!
nice!!!
Thanks dude...your perspective on things are amazing!😘📚
Thank you so much! I am planning to take the exam soon.
Best of luck!
I enjoy your videos, they're very helpful! Thank you!
Very detailed I love it thank you this helps a lot
Super helpful! Love your approach. Would be awesome if you’d just let us use the pause button - I have to speed you up!
Noted! A lot of people listen on their tvs or in the car. In the future we might do two separate versions to appease both sets of viewers.
Thank you for taking the time to do this. Very helpful.
Glad it was helpful!
I enjoy this. On different level👌
Alright.This was great! Let's see what happens -Will take my course exam tomorrow. Fingers crossed
Good luck!!!
nice you got this!!
Thank you going for my exam soon can’t wait 🙏🏽🥳
Good luck!!!!!! You can do this! Keep studying!
you messing up on question 71 really helped me lighten up as i study for this test lol that was hysterical
I was so flustered after that! Glad it lightened up your experience haha.
Thank you for these!
Thank you so much for these videos and your site!
Glad you like them! Thanks so much for the comment!
I passed today and I can say for a fact this was the solution with my learning style.
#71 is tricky because Alienation is a specific example of an acceleration clause. The question specifies the property is "sold" thereby "alienation" of the property
Interesting point! I agree alienation vs the alienation clause can be tricky to understand.
For #86, could anybody explain the difference between deed restrictions and CCRs/restrictive covenants?
Really awesome test by the way, thank you so much!!!
Thank you! so much you are an excellent, awesome teacher!
Thank you! 😃
I enjoy your videos, they're very helpful! Thank you!
Great assistance here. Slowing down your reading a bit so you're clearer will help those who are strictly listening.
Thanks for the feedback. We'll work on that come next time.
Thank you so much! so much better than reading the E book
Glad you think so! Thanks for the comment!
Love these videos
love it helped me to understand the exam much better
Glad to hear!
Thank you and love your laugh.
thank you! I'm taking my exam on Friday!
Good luck Heather! Let us know how you do!!!
this videos helped Thanks so much
Just took my exam yesterday and failed national exam by 1 point and the state by 2 points. Was so close to passing! I definitely did improve in all areas where I fell short my 1st exam. But still see that Contracts and leases, are my weak areas. This time leases were questions on commercial. Do you have any video on these 2 particular categories? Also do you have prep courses for the state of NH? Love your videos btw SUPER HELPFUL!
you got this!!
@@ashynv thank you taking it again in 3 weeks
My Indiana state and national test is in 2 days and I feel like I’m doing well on these questions. How comparable are these questions to an actual national exam?
Hello!
Did you pass the test?
how was it? or any tips?
Please advise
Thank you :)
thanks this was great big help.🏁🙏
Thanks for the questions 😇
Welcome 😊
Amazing video and it really helps
Glad you think so!
This was so great!! Thank you so much. Great job
These are great. Thank you.
Hey thanks for watching!
Thanks Zac this was really helpful 🙂
Thanks for watching!
I appreciate your videos and patience
Glad you like them!
Really really helpful! Thank you so much
quick question, on Question 57, i believe, the math question where the answer was 1,443.75, when you multiplied 52,500 x .02750, it was originally 27.50 mills, why and how do you know to move the decimal 3 times to left ?? great info and video, just curious about that particular math procedure
Milli is one thousandth or three decimal points over. I have a full video on the subject here: th-cam.com/video/cBjHT2ipGeI/w-d-xo.html
Great video! Is there any videos on Texas state exam? Thanks
I found the Oregon exam to be made up mostly of situational questions that weren't covered on any practice exam I have found so far, even that included in my original course. These terms and definitions were and are very helpful nonetheless. Very difficult to pass.
Well worth my time thank you
Thank you for watching!
Taking my exam in an hour and going over these questions! Will help a ton
great videos.. thank you
Great video!!! Thank you!
Glad you liked it!
when doing mill rate like problem 57 do you always move the decimal 3 places to the left?
Divide the mill rate by 1,000 to convert it to a decimal. Sorry I forgot to mention that. So that's three decimal places. A mill equals one-thousandth of a dollar, which is where that 1,000 comes into play.
@@RealEstateLicenseWizard thank you huge help
multipy mill rate to market value, less the 000 , multiply to 15%
Thank for the video. One suggestion for future videos, would you be more clear when reading out loud question and answers. At times it’s hard to understand. Thanks
well done!
71 and 84 have me scratching my head. Like you, I also answered acceleration clause for 71 considering I've learned to remember "accelerate" when involving money means a lump some being due immediately. Alienation from what I've learned is accepting responsibilities transferred to you. So I definitely got 84 correct. But if 84 is correct as alienation wouldn't 71 be incorrect on this practice exam? I'm just trying to get my head on straight before this test. Any help is greatly appreciated. Thank you :)
Trust me, I know, those terms and concepts can be tricky. Here is my best shot at explaining those for you. Think of the alienation clause as insurance for the banks or lenders. The clause prevents new buyers from taking over an existing or the previous mortgage. If the borrower decides to transfer the property, the mortgage must be paid in full immediately. So that's the alienation clause. Now as for the regular textbook term for alienation. That is the act of transferring title, ownership, an estate, or an interest in real estate from one party to another. So there is a slight difference between the too. You are right to think of acceleration as a lump sum being due, however when we are talking about contract clauses there are slight differences that differentiate the terms. I know its kinda tricky! And of course I know its hard to understand via text but I hope that helps! If you are still struggling check out our site. We have definition posts featured on our blog. Also we do have other videos on this channel that cover contract clauses. Best of luck!
@@RealEstateLicenseWizard thank you for the explanation; I appreciate it and I'll keep that in mind when thinking about contracts 😊
@@RealEstateLicenseWizard The reason is because acceleration is for when the borrower DEFAULTS! meanwhile the alienation clause prob is talking generally not due to a default in payments
thank you, this really helps a lot
Q54: Why CCR is not the answer for an example for deed restriction? "Homeowners, who live in a deed restricted house, would be subjected to covenants, conditions, and restrictions (CCR.)"
Hi Zach, how do you establish the mill rate? I know its the amount of tax payable per dollar of the assessed value of the property but how do you get to that?
new subsrciber!!! thank you!!!
Thanks for subbing! Glad you enjoyed!
Thank you so much! So helpful
Hello, I’m currently finishing my 40 hour course and I’m looking for a prep company to get practice questions from for the Real Estate exam. How close are these questions to the actual exam? I noticed a lot of the questions in the video are used by other reputable prep companies. Thank you.
Maybe 4 or 5 if your lucky. It's made for you to fail. Hint! Tricky questions. Not how much knowledge you have. It's made this way, because there's to much competition. It's a money pit. It's like winning the lottery. I also think it's discriminatory against race of last name. It's rigged. Not about how much you know. But Good Luck!. The California one is almost impossible to pass.
Do you have anything for the state portion. More so nc
does this help for the New York exam ?
It does! Every question relates to everything from the books they give for the 75 hour classes.
thank you so much
Does the website have any for California
Zack you are so nice and sweet. English is my second language and I find very easy to follow you ❤️👍🏼🙋🏻♀️ Monica Prada from Dallas Texas..
Wow, thank you! Glad you are enjoying!
So if I practice these questions do I still have to take a class or can I go take the exam without doing hours
You have to do your pre-licensing state certified hours still.
Thank you for all 2 video question (2020) . MY request can you make NEW video with question 2021 .I will really appreciate...
We have a new one! Check it out here: th-cam.com/video/DXWGt6GC48Q/w-d-xo.html
Thank you :)
does this test helps with the pennsylvania real state test??? im taking my test next month!! and i already did sign cotract!!! so excited
Wow nice job! Keep up with the studying. Yes this helps with PA. It covers the national portion in all fifty states.
@@RealEstateLicenseWizard yes!! Thanks so much!! I’m definitely keeping up with it! Your videos from 2019 and 20 been helping me a lot and also my instructor mention mostly of it in the class! Love the videos and the math part! I did understood better!!!! Thank you!!!
96. hey so for escheat doesnt the property owner also have to have no heirs to pass the property down to as well as not leaving a will?
Basically yes. Escheat occurs when the property owner has no proper inheritance plan aka heirs.
@@RealEstateLicenseWizard ty appreciate the clarification
Great information on each question and answer. Hope to hear back of your ever check these messages. But I am confused on question 56?? if you’re not famous, would A be the proper answer? I didn’t know that one and I used my best general logic to break down the question and answer, but this one is more than just tricky is almost opinion. What’s the best strategy for these type of questions?
Hey Jason, thanks for the comment. A, C, and D, are all wrong because they are just not true. B is an actual advantage for a land trust. Famous or not, you can use land trusts to remain anonymous. There really isn't a strategy for those type of questions. You just have to know your stuff. Hope that helps. Thanks again for the comment!
Ok so I just took the example as literal and did not know the definition.. same thing happened to me with one in the 1- 50 video but then you explained and made perfect sense. So glad I found this page .. I get out of work at 3am and watch your videos til 7 or 8am I’m hooked and gaining more confidence by the day
Thank you so much for this, One question can I take the real estate exam if I am 17 and then go back to submit my application to get my license when I am 18?
Good question. It depends on the state, I would check with your states real estate commission for details!
@@RealEstateLicenseWizard thank you, One more question haha do I really need my license?
@@levihaimov2588 That's a bit of a tough question. It depends on what exactly you want to do with your career. If you have any interest at all, I would recommend checking out our article on whether or not real estate is for you: realestatelicensewizard.com/how-to-know-if-real-estate-is-right-for-you/
On question 57, why would you move the decimal over 3 spots to be .02750 instead of .2750 ?
A milli is three decimal points over.