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Real Estate Exam Tips

What are easements in real estate?

If you are enrolled in our California real estate school , no doubt you would have seen the term “easement” pop up in your studies. Simply put, easements in real estate are the right of

If you are enrolled in our California real estate school , no doubt you would have seen the term “easement” pop up in your studies. Simply put, easements in real estate are the right of one party to travel over the land of another for access. What is an example of an easement? Consider the case where there are two properties adjacent to one another- a front house and a back house. Assume that the only way the owner of the back house can get to their property is by crossing over the front property. The right of the back house to travel over the front house is known as an easement. Who are the parties in an easement? Since the back house has the legal right to travel over the front house for access, the owner of the back house is known as the “dominant” tenement. Because the front house is burdened by the easement they are known as the “servient” tenement. While the simple example of a front house and a back house is the most common type of easement, there are others as well. For example, an electric company might have the right to string wires over a subdivision or a water utility might have the right to lay underground water pipe through an area. These are also types of easements, but they are known as easements in gross. So how do you know if you have an easement? Easements in real estate are almost always recorded with local authorities such as county or city clerks' offices. A title search would reveal easements that cross the property, and would appear in a preliminary title report obtained through a title insurance company. So how does an easement differ from a license? If you are taking our real estate crash course you have seen a discussion around the differences between an easement and a license. A license is a personal right to cross over the land of another held by an individual or entity. Licenses are not associated with the land itself, rather they correspond to an individual. An easement, on the other hand, is an appurtenant right. That is, easements are associated with the real property itself and run with the land. As such, easements are transferred to the new owner upon the sale of the property. Example of a license: I give Betty the right to travel over my land. I specify that this right is exclusive to Betty and it is able to be taken away from Betty. Analysis: This is a license because the right to traverse my property is exclusive to Betty and it not tied to the land. Finally, the right to travel over my land is able to be taken away from Betty hence it is a license not an easement. To reiterate, remember that an easement differs from a license based on the revocability of a license. In other words, an easement that is recorded in the county recorder’s office generally can’t be revoked by the servient tenement. A few ways that easements can be terminated, however, are: Release of the easement by quitclaim deed signed by the dominant tenement. Merger of both the dominant and servient tenements. Restruction of the servient tenement. Abandonment of a prescriptive easement for at least 5 years. But notice in an easement, the servient tenement cannot unilaterally terminate the easement like the grantor could do with a license. In summary, remember that an easement is the right to cross over another’s land for access. This simple definition should help you on the real estate exam . Love, Kartik
Real Estate Exam Tips

7 Study Tips for Passing Your Real Estate Exam

Student studying for her real estate license exam

Doing well on your real estate exam is the first step to getting your career going. If you are like some of our students, this can be a daunting thing especially if you’ve been out of school for a while.

Doing well on your real estate exam is the first step to getting your career going. If you are like some of our students, this can be a daunting thing especially if you’ve been out of school for a while. It doesn’t have to be. What’s important is that you understand the information necessary to pass the real estate exam. To help relieve some frustration and improve your chances of success, consider these study tips. 1. Review What’s on the Exam Take a few minutes to review what’s on the actual real estate exam. If you were a student of ours, this is outlined for you in your Principles book. Merely having a basic understanding of what’s on the exam can calm a lot of fears for students. The state publishes a percentage breakdown of topics that are tested and our real estate exam preparation website is tailored so the questions are in the same ratio that the government exam is. This way there are no surprises on test day. 2. Create Digital or Physical Notes for Key Concepts As you are reviewing your notes from your pre-license coursework, consider creating notecards or flashcards with key concepts. Write them in a question format with the answer on the back. There are flashcard apps you can use as well if you want to have access to studying on your phone. Also, it’s been proven that the act of physically writing things down can go a long way to help retain information. 3. Read Your Notes If you haven’t done so yet, read through all of the materials you’ve been assigned. Create notes on topics that relate to your real estate exam. It’s a good idea to create notes for topics you are unsure about or very specific elements such as vocabulary terms or other more broad real estate concepts. As you do, remember how important it is to retain this information. It’s not just about the exam, but it is applicable for day-to-day work as an agent. For example, if there’s a topic that is complex to you, look for a real-life example of how this would apply to your career or the work you do. That way, you’ll better understand what to expect. 4. Don’t Reach Out to Practicing Agents I would avoid having long drawn out conversations with other real estate agents. Most of the time, they will say things like “Don’t worry what’s on the real estate exam, you won’t use any of that stuff anyway.” The constant repetition of how academic and impractical the concepts tested are can actually discourage some of our students from properly preparing and studying. While it is true that the real estate exam contains a broad set of topics, all of which are not applicable to every deal, it’s still important to stay focused on the goal of actually passing the real estate exam. If you can’t help yourself, make sure you talk to agents that support you in making key decisions and learning how to navigate complex topics. These agents can give you insight into real-life applications of the material you’re learning. They can also put your mind at ease. 5. Take Several Practice Real Estate Exams It’s important to have state-specific real estate license practice exams available to you. You can find them on our website. Luckily for you, our system is modern and up to date to ensure they include the most recent updates to the real estate test itself. Focusing on our real estate practice exams can point out areas where you need to focus a bit more on your studies. Refrain from taking them one after another. Instead, use them as you study to see areas you should focus on going forward. 6. Understand How To Take Tests While the material you need to pass the real estate license exam is critically important to know, it’s also helpful to have some test-taking skills, especially if you haven’t dealt with high-pressure tests recently. Consider these strategies: Read every word slowly in every question. Sometimes, you’ll miss words such as “if” or “all” – and that can change the answer. Don’t rush through the test. Take your time to read the data and analyze it from a strategic view. Breathe through your test. If you find yourself overwhelmed or under too much pressure, that’s when you know you need to close your eyes, breathe in deeply, and calm your heart rate. Make sure you sleep well in the week leading up to your exam. Don’t binge the night before as that can limit your cognitive capacity later on. Arrive on time for your test. Get a good idea of the layout of the area. You want to feel comfortable. If you don’t know the answer to a question right away, skip it. You can go back to it later. Don’t put too much time into a single question. Don’t rush through the exam. Make sure you take your time and focus. If you’re really struggling with test-taking itself, do a few practice exams in a formal environment, such as in a library or office space. This can help give you some peace of mind. 7. Stay Positive and Upbeat Passing your real estate exam is a step towards starting a new career. It is a lot of work – and that can seem like a big mountain to climb. However, focus on the big picture. This is a career that you are going to love. The more hands-on experience you have, the better your outcome will be. Practicing for your real estate exam can be a very eye-opening experience. This is what you’ll soon be an expert in, helping others to achieve their goals of property ownership. Love, Kartik