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:

• Chain of title is the chronological list of all previous owners and represents the sequential links of ownership.

• Abstract of title is a condensed summary of all recorded documents including deeds, mortgages, liens, and easements.

• A suit to quiet title or a quitclaim deed is typically used by owners to fix a broken chain or cloud on title.

• Title examiners generally search public records for at least forty years to establish a marketable title for the buyer.

• An abstract is only a report of the public record and does not provide the protection of title insurance or a guarantee of validity.

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

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 the Covenant of Seisin and how it differs from the Right to Convey.

• Why the Covenant Against Encumbrances only applies to undisclosed liens and easements.

• The technical meaning of Quiet Enjoyment as a protection against superior title claims.

• The distinction between Present Covenants and Future Covenants in a deed.

• How to differentiate General Warranty Deeds from Special Warranty and Quitclaim Deeds.

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

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:

• General Warranty Deeds provide five specific covenants covering the entire title history of the property.

• Special Warranty Deeds limit the grantor’s liability to their own period of ownership only.

• Bargain and Sale Deeds imply ownership and possession but lack express warranties against hidden liens.

• Quitclaim Deeds are the preferred legal tool for clearing clouds on title due to zero grantor liability.

• The Covenant of Seisin is the specific legal promise that a grantor holds valid title and the right to convey it.

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

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:

• Tenancy by the entirety requires five unities including the unity of personhood or marriage.

• Survivorship in tenancy by the entirety allows for the automatic transfer of title without probate.

• Creditors of an individual spouse cannot attach liens to property held as tenancy by the entirety.

• Community property laws treat all assets acquired during marriage as fifty-fifty ownership.

• Inheritances and gifts received during marriage remain separate property and are not community property.

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

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:

• Why Tenancy in Common is the default ownership for non-married co-owners.

• The distinction between undivided interest and physical division of property.

• How the lack of survivorship rights makes this form of ownership inheritable.

• The flexibility of Tenancy in Common regarding unequal shares and different acquisition times.

• How to identify the "Unity of Possession" as the only requirement for this ownership type.

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

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 core definition of the right of survivorship and why it bypasses the probate process and wills.

• How to apply the PITT mnemonic to remember the four essential unities of possession, interest, time, and title.

• The specific ways a joint tenancy is terminated or converted into a tenancy in common when an owner sells their share.

• Why corporations are legally barred from holding title as joint tenants due to their perpetual existence.

• The critical distinction between equal ownership shares in joint tenancy versus unequal shares in tenancy in common.

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

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 defining characteristics of an Estate for Years and why the name is often a trick.

• Why the Estate for Years is the only leasehold that requires no notice to terminate.

• How a Periodic Tenancy automatically renews and the rules for providing termination notice.

• The specific events like death or sale that will automatically terminate a Tenancy at Will.

• The legal definition of a holdover tenant and the creation of a Tenancy at Sufferance.

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

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 critical differences between reversionary and remainder interests.

• How the legal concept of waste limits a life tenant's actions.

• The definition and application of a life estate pur autre vie.

• Why a standard life estate generally cannot be passed through a will.

• How to identify the measuring life to determine when an estate terminates.

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

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

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:

• Why Fee Simple Absolute is considered the highest form of property ownership and how it is defined as an estate of inheritance.

• The distinction between Fee Simple Absolute and Fee Simple Defeasible including the importance of strings attached language.

• The four government powers that limit absolute ownership remembered through the mnemonic PETE.

• The specific rights included in the bundle of rights and how they apply to fee simple owners.

• Common exam traps regarding the duration of estates and the differences between police power and eminent domain.

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