Guide To Real Estate Exam

GUIDE TO THE
REAL ESTATE EXAM

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Introduction!...................................................................................7
Bundle of Rights!...........................................................................8
License!......................................................................................................9

Government Rights!......................................................................9
Police Power!...........................................................................................10
Eminent Domain!......................................................................................10
Taxation!...................................................................................................11
Escheat!....................................................................................................11

Real vs Personal Property !.........................................................12
Annexation!..............................................................................................13
Appurtenances!.......................................................................................13
Fixtures!....................................................................................................13
Trade Fixture!...........................................................................................14
Emblements!............................................................................................14

OR-EE Rule !.................................................................................15
Estates!.........................................................................................16
Freehold Estate!.......................................................................................16
Fee simple