Students must know Key Real Estate terms regarding Real Property Rights for the real estate licensing exam. In this real estate exam prep video, we will discuss everything you need to know about Real Property Rights. Key real estate terms you should know once you’ve completed this video:

(1) Hereditaments – Inheritable property, real or personal
(2) Land – The surface of the earth, the area above and below the surface, and everything that’s attached such as trees, crops, etc.
(3) Real Estate – The land and all the improvements.
(4) Real Property – The land, the improvements, and all the legal rights and privileges the owner possesses.
(5) Tenements – All legal rights accruing to the land.
(6) Corporeal Rights – Tangible real or personal property
(7) Incorporeal Rights – Intangible interest in real property such as an easement.
(8) Bundle of Rights – The legal rights an owner acquires, such as the legal right of possession, use, enjoyment, including the right to lease, sell, will, or mortgage.

Best of luck with your studies…

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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.

Paul Vojchehoske

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