Your real estate licensing exam will no doubt have an exam question regarding Life Estates. In preparing for your real estate exam, you will need to know these key real estate terms. This real estate exam prep video discusses everything you need to know about Life Estates.
Key real estate terms discussed in this video: Freehold Estate, Fee Simple Absolute, Life Estate, Remainderman, Reversionary Interest, and Life Tenant.
Best of luck with your studies…
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Paul Vojchehoske
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The Real Estate Classroom
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P.S. Nothing in this video shall be construed as legal or financial advice and is for INFORMATIONAL purposes only! Please consult with a competent attorney, financial advisor, and your broker before implementing anything you’ve learned from this video. Likewise, the issues discussed herein may not be applicable in your state or local jurisdiction.
Cheers,
Paul Vojchehoske
Real Estate Exam Prep, Real Estate Principles and Practices, Section 1: Property Ownership