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 real estate exam.

In this episode you will learn:

• The critical distinction between the vendor as the legal title holder and the vendee as the equitable title holder.

• Why the deed is not delivered to the buyer until the very last installment payment is made.

• The risks associated with forfeiture clauses where a buyer might lose all equity upon default.

• How to identify land contracts by their alternative names such as installment contracts or contracts for deed.

• Why equitable title provides the right to future legal ownership but lacks the immediate status of being the owner of record.

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