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Real Estate Exam [National] 00, Real Property vs Personal Property Explained
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Real Estate Exam [National] 00, Real Property vs Personal Property Explained
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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: • Real property is conveyed via a deed while personal property is conveyed via a bill of sale. • The MARIA acronym provides a five-part test to determine if an item is a fixture. • Trade fixtures are personal property belonging to a business tenant rather than the landlord. • Emblements are annual crops classified as personal property even when attached to the land. • Severance is the legal process of turning real property into personal property by removing it from the land.
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
