Know your Keywords for the Real Estate Exam!

Recent questions

• How can I improve my studying techniques?

  The recommended technique for studying involves identifying key words to aid in quicker identification of key concepts in exam questions. By using key words, such as "Deep C" for real property rights, you can remember key phrases related to specific topics. Understanding key words like "real property - immovable" can significantly enhance your exam preparation by helping you grasp complex concepts more efficiently.

• What are riparian rights related to?

  Riparian rights are related to owning property by a moving body of water. These rights pertain to the privileges and limitations that landowners have regarding the water flowing through or adjacent to their property. Understanding riparian rights is crucial for individuals who own property near rivers, lakes, or streams to comprehend their legal entitlements and responsibilities concerning the water source.

• What is the significance of trade fixtures?

  Trade fixtures are personal property that runs with the person for business purposes. These fixtures are items that a business owner installs on a property to conduct their trade or business operations. It is essential to differentiate between trade fixtures and real property fixtures, as trade fixtures can be removed by the tenant at the end of the lease, while real property fixtures become part of the property.

• How does downzoning impact properties?

  Downzoning refers to the conversion of commercial properties to residential properties and is recommended to be written out for better retention, especially for individuals with ADD. This zoning change can have significant implications for property owners and developers, as it alters the permitted land use and can affect property values. Understanding downzoning is crucial for individuals involved in real estate to navigate zoning regulations effectively.

• What is the concept of eminent domain?

  Eminent domain allows governments to acquire private property for public use, often involving compensation to the property owner. This legal principle grants the government the authority to take private property for projects deemed to benefit the public, such as building roads, schools, or parks. Property owners are entitled to fair compensation for their property when it is acquired through eminent domain, highlighting the balance between public interest and private property rights.