Episode Details

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