Students must understand the concept of Condominium Regimes. This real estate exam prep video outlines the process of the creations of a condo regime and discuss key real estate terms students need to know for their real estate exam. Key real estate terms include:
Fee Simple (Absolute) –
Bundle of Rights –
Legal Description –
Master Deed –
Declaration –
Horizontal Property Act –
Best of luck with your studies…
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New real estate exam prep videos uploaded 2-3x per week to students pass their real estate exam. Feel free to leave a comment, suggestion, or questions asked in the comment section.
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Paul Vojchehoske
Mr. Real Estate Seminars, Inc.
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