Episodes

  • Real Estate Exam [National] 09, Air Rights and Subsurface Rights Explained

    Real Estate Exam [National] 09, Air Rights and Subsurface Rights Explained
    Jan 15 2026
    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 ownership is three-dimensional, extending from the earth core to the heavens unless legally restricted. • Subsurface rights include minerals, oil, and gas, which can be severed from the surface land and sold separately. • Air rights are divisible and valuable in urban areas, though subject to federal aviation laws for navigable airspace. • Natural resources transition from real property to personal property the moment they are extracted from the ground. • The concept of subjacent support ensures that subsurface owners do not compromise the physical stability of the surface. 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
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    5 mins
  • Real Estate Exam [National] 08, Lot and Block System Explained

    Real Estate Exam [National] 08, Lot and Block System Explained
    Jan 14 2026
    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 real estate exam. In this episode you will learn: • The lot and block system is primarily used for high-density urban and suburban subdivisions. • A plat map must be approved by local government and recorded in public records to be legally valid. • A complete legal description includes the lot number, block number, subdivision name, county, and state. • The "Big Blocks hold Little Lots" mnemonic helps distinguish between the two primary units of measurement. • The recorded plat method replaces previous descriptions like metes and bounds for individual parcel sales. 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
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    4 mins
  • Real Estate Exam [National] 07, Rectangular Survey System Explained

    Real Estate Exam [National] 07, Rectangular Survey System Explained
    Jan 13 2026
    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 real estate exam. In this episode you will learn: • The fundamental roles of Principal Meridians and Base Lines in the legal description grid. • How to differentiate between the dimensions and total area of townships versus sections. • The specific boustrophedon numbering pattern used for the thirty-six sections in a township. • Mathematical shortcuts for calculating total acreage from complex fractional legal descriptions. • How to identify exam traps involving the word AND and the conversion of acres to square feet. 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
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    6 mins
  • Real Estate Exam [National] 06, Metes and Bounds Legal Description Explained

    Real Estate Exam [National] 06, Metes and Bounds Legal Description Explained
    Jan 12 2026
    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 the Point of Beginning (POB) is the most critical element for a valid legal description. • The distinction between metes as measurements and bounds as directional boundaries. • Why physical monuments legally supersede written measurements in property disputes. • The requirement for survey descriptions to follow a clockwise path to ensure the closure of the boundary. • How to identify metes and bounds terminology like degrees, minutes, and seconds compared to other survey methods. 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
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    4 mins
  • Real Estate Exam [National] 05, Economic Characteristics of Land Explained

    Real Estate Exam [National] 05, Economic Characteristics of Land Explained
    Jan 11 2026
    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: • How scarcity limits the economic supply of land regardless of its physical abundance. • The distinction between improvements on the land and improvements to the land. • Why permanence of investment, or fixity, makes real estate a long-term, illiquid asset. • Why area preference, or situs, is considered the most significant factor in land value. • Strategies to differentiate economic characteristics from physical characteristics to avoid common exam traps. 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
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    4 mins
  • Real Estate Exam [National] 04, Physical Characteristics of Land Explained

    Real Estate Exam [National] 04, Physical Characteristics of Land Explained
    Jan 10 2026
    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: • Immobility ensures that land transactions are always governed by the laws of the jurisdiction where the land is located. • Indestructibility is the physical characteristic that prevents land from being depreciated for tax purposes. • Uniqueness, also known as non-homogeneity, is the legal basis for the remedy of specific performance in real estate contracts. • The mnemonic I I U helps candidates distinguish physical characteristics from economic ones like situs and scarcity. • National exam questions often use the term non-homogeneity to test a candidate's understanding that no two parcels of land are identical. 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
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    4 mins
  • Real Estate Exam [National] 03, Bundle of Rights Explained

    Real Estate Exam [National] 03, Bundle of Rights Explained
    Jan 9 2026
    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: • How to use the DEEP-C mnemonic to identify the five primary rights of ownership. • Why the right of disposition includes encumbrances and easements, not just property sales. • The distinction between the right of possession and the right of enjoyment regarding title claims. • How the right of control is limited by government police powers and zoning regulations. • The concept of severability and how owners can transfer individual sticks from their bundle. 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
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    4 mins
  • Real Estate Exam [National] 02, Trade Fixtures Explained

    Real Estate Exam [National] 02, Trade Fixtures Explained
    Jan 8 2026
    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 real estate exam. In this episode you will learn: • Trade fixtures are legally classified as personal property or chattel despite physical attachment to a structure. • The primary distinction of a trade fixture is its installation by a commercial tenant for business-specific use. • Failure to remove trade fixtures before the lease expiration results in the landlord gaining ownership via accession. • Tenants maintain a legal obligation to repair any property damage caused by the removal of their trade fixtures. • On the national exam, keywords like "commercial" and "business equipment" signal the application of trade fixture rules over standard fixture tests. 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
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    5 mins