This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. This episode covers content for the National Real Estate Exam.
In this episode you will learn:
• The definition of fee simple defeasible and how ownership can be terminated.
• How to identify fee simple determinable through durational language like so long as and its automatic reversion.
• The requirements for fee simple subject to condition subsequent, including the need for legal action.
• The difference between the possibility of reverter and the right of re-entry.
• Mnemonic devices and word triggers to correctly identify estate types on the national exam.
For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or Youtube Channel: https://www.youtube.com/@Open-exam-prep