Thank you so much for posting these videos!! You have a gift of breaking things down into practical examples and it's helping me so much. I don't want to just memorize a bunch of terms, I want to UNDERSTAND (then it's in long term memory!)
So I paid for a class took it and was dead confused. I was trying to put examples around this. I hate some things get discussed that not covered here but you definitely do a whole lot better than a lot of teachers. Now I will pay again and feel a whole lot more confident taking the course. You and prep agent combined are killing these lessons! I swear I paid them to read the book and get these examples was a no go!
Travis, I am so thankful for you! I was lost after taking the class & started listening to you afterwards, about a month before taking the exam. I am so happy & relieved to report that I passed both national & state today, first time, all because of you! I feel indebted to you & wish you only the best…thank you🙏
Thank you, Travis!!! I just got my MD real estate licenses, and it’s thanks to you! Your videos were extremely helpful, before them I was so lost, especially since English isn’t my first language, you really helped me out understand everything. Will continue to watch your videos because I think you give an amazing advices from the real world when it comes to real estate. I took a real estate classes before, and they just thought us how to pass this exam following the book. And I was so confused and didn’t learn anything after my class was over. You gave so many helpful information that anyone can understand. Thank you so much! 🙏🙏🙏🙏🙏
Thank you so much for sharing your class lessons! I am finally starting to understand the concept after failing the exam multiple times. The way you explain things, I wish I found you much earlier!
I am currently taking an online course in Washington and watch your classes after each chapter I finish. I appreciate how you teach the class you make it simple and sensible. Keep up the good work!!
I am understanding this as I watch the video but the minute I go read it my mind boggles up. I am passing my chapter quizzes (with 100%) with your videos. Thank you! Estate is Chap. 3 and these videos are so helpful.
Thank you, Travis, for your videos. I am searching for a book that I can find sample questions for the State prelicensing exam. Would you mind giving me your professional opinion about which study guide?
So when you gave the example of Sergio owning the property till Sergio dies.. Sergio is the life tenant and Sergio is the measuring life which makes it a conventional life estate and because it does not specify what happens after he dies it reverts back... so my questions is what does it revert back to??
so what if the grantor dies and 50 years later walmart wants to build on that property but the covenant is only suppose to have a chicken farm how can walmart get past that
life estates.....if a restriction is placed on a property and the restriction is broken AND the grantor is deceased where does the property then revert?
Beyond our ability to know and/or care, really. That's why there are probate courts, etc. Most likely, there would be a search for any living relatives of the grantor who placed the restriction. It's not important to the consideration of what would happen to the current owner, however.
Great video. Can a grantor grant a Fee Simple Defeasible estate with a remainderman? Or is Fee Simple Defeasible always reversionary when the restriction is violated? Thanks so much!
@@judahsameth5620 Thanks for the response. It is my understanding that under fee simple defeasible, the interests in a property are transferred from the grantor to a grantee but with certain conditions. If these conditions are violated by the new owner, the property reverts back to the original owner or to a specified third party (possibly a remainderman). In other words, fee simple defeasible lasts "forever" unless certain conditions are violated. So I was asking if fee simple defeasible could have a remainderman. My suspicion is that it can but I'm not 100% certain.
It’s called a fee simple subject to executory limitation. The future interest then is either a springing or shifting executory interest in a third person. The way to identify a springing executory interest is if the estate either reverts back to the grantor before springing to the third party with the executory interest, or if the conveyance uses durational language. A shifting executory interest shifts to a third party on the occurrence of a certain event
You got mad yes you did but seriously lol . Those students who ask them questions to them you should of explain as in rich people have 30 milion spoil rich brats and rich people passing there wealth like rockafella or bill gates money said it in that form they would of understood or use them as examples like ask a student there name and you stident ask examples instead of making up names lol good job keep making videos just caught your channel
He’s the best RE teacher ever!!!
Thank you so much for posting these videos!! You have a gift of breaking things down into practical examples and it's helping me so much. I don't want to just memorize a bunch of terms, I want to UNDERSTAND (then it's in long term memory!)
Thank you Travis! I have graduated and I’m grateful for all your help! 👩🏾🎓🙏🏾
Congrats!.
By any chance do you know what video follows from this one?
@@veronicat.3918 I have a playlist called money with all of my favorite video from him. All his contract law classes are my favorite to study. 🤓
So I paid for a class took it and was dead confused. I was trying to put examples around this. I hate some things get discussed that not covered here but you definitely do a whole lot better than a lot of teachers. Now I will pay again and feel a whole lot more confident taking the course. You and prep agent combined are killing these lessons! I swear I paid them to read the book and get these examples was a no go!
This man single handedly taught me the skills needed to past my tests and obtain my license. Thank you Travis!
Thank you Travis for uploading these classes. I listen to them all day at work preparing for my exam.
Did you pass?
Travis, I am so thankful for you! I was lost after taking the class & started listening to you afterwards, about a month before taking the exam. I am so happy & relieved to report that I passed both national & state today, first time, all because of you! I feel indebted to you & wish you only the best…thank you🙏
When I grow up I wanna teach like Travis! I purposefully didn't use instructor because he TEACHES!! Excellent!!! Thank you!
You and Prep Agent are responsible for so many people getting their license! I hope I am the next.
Shout out to prep agent i listen to him too. This guy funny
Thank you, Travis!!! I just got my MD real estate licenses, and it’s thanks to you! Your videos were extremely helpful, before them I was so lost, especially since English isn’t my first language, you really helped me out understand everything. Will continue to watch your videos because I think you give an amazing advices from the real world when it comes to real estate. I took a real estate classes before, and they just thought us how to pass this exam following the book. And I was so confused and didn’t learn anything after my class was over. You gave so many helpful information that anyone can understand. Thank you so much! 🙏🙏🙏🙏🙏
Thank you so much for sharing your class lessons! I am finally starting to understand the concept after failing the exam multiple times. The way you explain things, I wish I found you much earlier!
I am currently taking an online course in Washington and watch your classes after each chapter I finish. I appreciate how you teach the class you make it simple and sensible. Keep up the good work!!
This definitely helps me bring together material from my online class!!! I appreciate you for this.
I am understanding this as I watch the video but the minute I go read it my mind boggles up. I am passing my chapter quizzes (with 100%) with your videos. Thank you! Estate is Chap. 3 and these videos are so helpful.
I wish you taught classes in GA. You are the best.
For such a confusing subject you seem to make it understandable.
Still watching in 2021. Thank you!
Thanks so much for uploading your videos! Following from Pennsylvania!
You are a great teacher. Thank you!
Thank you, I was lost in these subjects and you clarified them.
Omg. I love your content. Where is the next video?
Great job Travis. Thank you very much for your effort and uploading. I hope you are aware of your value to all the prospects
Wish you were teaching here in Florida! I'd sign up in a second!
Maybe one day!
Thank you, Travis, for your videos. I am searching for a book that I can find sample questions for the State prelicensing exam. Would you mind giving me your professional opinion about which study guide?
very good content.
At a Federal level jimmy carter basically made parts of alaska Fee simple Determinable to preserve nature
Can you make those flash cards and situation statements available? I'd pay.
So when you gave the example of Sergio owning the property till Sergio dies.. Sergio is the life tenant and Sergio is the measuring life which makes it a conventional life estate and because it does not specify what happens after he dies it reverts back... so my questions is what does it revert back to??
It would revert back to the original grantor.
Thanx for posting!
so what if the grantor dies and 50 years later walmart wants to build on that property but the covenant is only suppose to have a chicken farm how can walmart get past that
YOU ARE AMAZING!!!!!
Thanks!
Thank u, i enjoyed it 🙏😇
do you have a copy of that activity because I cant read it!
Lol. I was wondering the same thing.
life estates.....if a restriction is placed on a property and the restriction is broken AND the grantor is deceased where does the property then revert?
Beyond our ability to know and/or care, really. That's why there are probate courts, etc. Most likely, there would be a search for any living relatives of the grantor who placed the restriction. It's not important to the consideration of what would happen to the current owner, however.
can tenants in common have the right of survivorship? if so what's the point of joint tenancy if you have to ask for survivorship either way?
Tenants in Common can NOT have the right of survivorship.
Great video. Can a grantor grant a Fee Simple Defeasible estate with a remainderman? Or is Fee Simple Defeasible always reversionary when the restriction is violated? Thanks so much!
Fee simple lasts forever. So there is no reason for a remainderman.
@@judahsameth5620 Thanks for the response. It is my understanding that under fee simple defeasible, the interests in a property are transferred from the grantor to a grantee but with certain conditions. If these conditions are violated by the new owner, the property reverts back to the original owner or to a specified third party (possibly a remainderman). In other words, fee simple defeasible lasts "forever" unless certain conditions are violated. So I was asking if fee simple defeasible could have a remainderman. My suspicion is that it can but I'm not 100% certain.
It’s called a fee simple subject to executory limitation. The future interest then is either a springing or shifting executory interest in a third person. The way to identify a springing executory interest is if the estate either reverts back to the grantor before springing to the third party with the executory interest, or if the conveyance uses durational language. A shifting executory interest shifts to a third party on the occurrence of a certain event
Travis is soo good
You got mad yes you did but seriously lol . Those students who ask them questions to them you should of explain as in rich people have 30 milion spoil rich brats and rich people passing there wealth like rockafella or bill gates money said it in that form they would of understood or use them as examples like ask a student there name and you stident ask examples instead of making up names lol good job keep making videos just caught your channel
Sorry not impressed.
Ok thanks for telling us. Its FREE why are you here complaining?
Bless your heart
He’s the best RE teacher ever!!!