CH 1 Full Lecture, CH2 Bundle of rights, appurtenances, water rights

Very interesting

Travis, I passed my National real estate exam today. I failed it my first time and decided to give myself a month and binge watch all 56 of your videos. Your teaching skills and explanations did not disappoint 👏🏽 Thank you for helping me better understand the material and pass my exam! I will continue watching your videos because I hope to one day be as knowledgeable as you when it comes to real estate and the history of it. ❤

is this course applicable to NEW YORK real estate?

Travis!!! Kendra here from Morrisville NC just wanted to inform you that because of your awesome teaching style and generous offer to use your teachings for free I passed my NC REAL ESTATE Exam today! I am officially a NC Broker. It would have NEVER happened without your guidance. I am forever grateful for you and look forward to using your teachings further in practice!! Thank you again sir for being so kind to share this with me and everyone else around the world. You deserve a medal!

These videos help me pass my real estate exam a few years ago. I recommend them for any aspiring realtor

Hellow am 18 year and want to learn real estate business I want to start my own company
can you tutor me

Someday when i become licensed and make my 1st sell i will come and find you and share my blessing! I promise

2024 and i am here! You are my go to teacher! Thanj u so much for uploading your classes. We owe you

Ok I’m, literally taking my BROKER test tomorrow and I HOPE TO GOD I’m not wasting my time watching NOT a broker course because of someone giving these indeed informative videos a WRONG TITLE , there’s a HUGE DIFFERENCE

Ok is this the ACTUAL BROKER course or JUST REAL ESTATE … something tells me this title is misstated and is the latter…

Ok is this the ACTUAL BROKER course or JUST REAL ESTATE … something tells me this title is misstated and is the latter…

Thank you for helping me brush up on my Real Estate Broker knowledge. It's been almost ten years since I took my Real Estate Broker Course.

Gold thanks for sharing

Thank you Travis !! Passed both on the first try !!

Thank you Travis ! Passed both on the first try ! 🎉

I'll be real estate next year, I'll update you guys, maybe I'll vlog it

great class

Chapter 2 Question ?? What about if in the lease you put "if your late on payment one time you violate the contract and have to be evicted in 30 day's to move"? Just in general if the lessor have everything in writing do you really need to go to court? Which I'm sure most EE will be giving the lessor a problem. Thank you!

I passed the NC real estate exam yesterday!!! Thank you Travis for uploading these videos and being a great teacher!!

Hello. Any suggestions for a good in-person pre-licensing course in Illinois? Thank you.

Is this Trav in the video above speaking 🤨
And does anyone know if Seth is a good instructor 👀

I like your videos

The landlord can't enter a leased property anytime they like to? That sounds so great! Where I come from they can barge in anytime they want to, to check if everything is in order.🙄

Travis you are such a great educator! You explain things in a very well rounded way that makes understanding any topic so much more clearer! So thankful that I came across your page because you were what I needed! I live in another state…but education is education however you can get it. I’ve watched other videos…but you sir explain real estate like no other! Thank you so much for making a difference to any and everyone that wants to understand/learn the business. A few more videos to watch, and I’ll be ready/more confident to take my test.
You rock!!

I reviewed these videos in preparation for my NC State and National exam. I had already completed my pre-licensing course at SPCC in early December but due to holidays took my NC exams in January. These videos were a great reminder and additional insights to the test. I am glad to say, I passed my test today. Thanks SPCC and Travis Everette

Hey Travis! Just wanted to say you are amazing! And if it wasn’t for your videos I don’t think I would have passed all my test on the first try!! Thank you so much for being the GOAT!

A true GOAT, much respect to Travis❤

I am returning here because I PASSED THE EXAM YESTERDAY! This was the first video series I listened to PRIOR to doing my actual course! Travis made life so much easier, and explained things so much better than anyone else I’ve heard. He’s the Michael Jordon of teaching real estate.

A few days prior to the test, I went back to a travtalks where he was teaching financing, and actually learned a few new things! Guess what, those questions regarding those things were on my exam. Thank you Travis for the help, and good luck everyone on your career!

thank you so much for this contient

The home owner can not enter the home in an emergency situation unless they believe the home is vacant.

Travis, your passion for your students to learn is admirable. I am in florida and watched you and passed and now i am going for my broker and ran to you for broker prelicense accidentally. I don't know why when i searched your videos would not come up. Thank you very mucch

Good day Mr Travis where can i get the slides you are using.

So happy I found these videos! Thank you!

Glad o found this channel🙏🏾

Thank you for the great content for those that are like me and are studying at home !

I watched this while studying for the NYS real estate license and passed both the online test with Aceable and the actual exam. I cannot thank Travis enough for all the tips, advice - especially the T-bar for the math! Also, I watched an old version of Love it or List it and was like... wait a minute! I swear this is the instructor! And, it was! It was awesome! Thanks again!

is it possible to take licesning test and pass using only this playlist of videos

NOTES!!!! ❤️📝❤️📝❤️
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Chapter 1

OR vs EE:
The suffix “or” means the person giving.
Ex: offer becomes offeror
The suffix “ee” means the person receiving.
Ex: offer becomes offeree
Ex: grantor - makes the grant
Ex: grantee - receives the grant
Who would be the offeror, the one who makes the offer, in a buyer-seller relationship? Buyer - makes the the offer to buy the home
Buyer is the offeror - they offer the money to buy the house
Seller is the offeree - they receive the money
Who would be the grantor, the one who makes the grant & transfers ownership to the other person, in a buyer-seller relationship? Seller - transfers ownership to the buyer
Seller is the grantor - they transfer ownership of the house to the next guest
Buyer is the grantee - they receive ownership of the house

OR vs EE - Examples:
Grant
Grantor - gives the grant (seller)
Grantee - receives the grant (buyer)
Lease
Lessor - gives the lease (seller/landlord)
Lessee - receives the lease (buyer/tenant)
Mortgage
Mortgagor - gives the mortgage (seller/lender)
Mortgagee - receives the mortgage (buyer)
Offer
Offeror - gives the offer (buyer)
Offeree- receives the offer (seller)

Real Property vs Personal Property:
Real Property - land & everything permanently attached to the land
Appurtenant(s) - anything permanently attached to the land
Anything nailed, screwed, glued, or buried to the ground
Any limitations
Land - anything below or above the ground
Oil, gas, diamonds, gold belongs to the owner of the property
Personal Property - anything the owner owns that is moveable

Uses for Real Property:
Residential - when the owner or people live in the property
Ex: house, mansion
Income producing - the owner owns/purchases the property to make money
Ex: apartment
Special use - the owner doesn’t make money or live in the property
Ex: church, school, library, university, shelter
Commercial
Ex: office buildings, medical centers, hotels, malls, retail stores
Industrial
Agricultural

Bundle of Legal Rights:
Ex #1: whenever a landlord gives the lease of the property to a tenant these rights are given to the tenant.
Ex #2: whenever the owner of the house puts their house on rent, they give the tenant these rights until the lease is finished.
Right of Possession - the right to occupy (be inside of) a property
Takes the legal right of the owner and hands it to someone else because they have a lease to be inside of the property. Once the owner of the property sells their rights with a lease to the tenant /renter they do not have the right to come inside the home until the lease is finished even if they own the property.
Landlords cannot enter the property of the tenant until the lease is finished.
Landlords can ask for permission to enter the property for property inspections.
Landlords can enter the property for emergency reasons, but must call 911.
Right of Disposition - the right to sell the property
Right of Exclusion - right to kick people out of the property
Right of Control - right to make renovation or changes to your property; control the use of the property

Appurtenances - a right, privilege, restriction, or rule that comes with buying the property. (LAST FOREVER!)
Lien - if you don’t pay your monthly payment, as a buyer, to the seller of the property they can place a lien as collateral (which means they can foreclose the property) so they can get their house back to be resold.
Ex: mortgage loan, property taxes
Liens are a type of appurtenance
If you, the buyer, buys a house that the previous owner has lien (a mortgage loan he didn’t pay off), the buyer has to pay the loan off or else their home will be foreclosed and get their house taken.
It is the closing attorney's responsibility to inform the buyer about liens (unpaid mortgage loans) like these.
Subsurface Rights - anything beneath the property
If the owner of a gas exploration company wants to buy the rights of all the gas under another owner’s residential property, they can do that.
Once these rights are sold, they are sold forever. This is why subsurface rights are a type of appurtenance (they last forever!)
If the owner of the residential property sells the property to Jacob, Jacob will not have any ownership/rights to the gas under the property he lives because the previous owner sold the rights to the gas exploration company.
You can lease a property’s subsurface rights: which means the buyer of the subsurface rights will only have rights to anything beneath your property for a certain amount of time.
Ex: selling or leasing off your rights of oil, gas, or water
Air Rights:
Sold air rights are a type of appurtenance
Ex: cell phone towers
Water rights - rights of property owners whose property borders water
Ex: creek, stream, lake, pond, any large body of water
Riparian bodies of water - does not have a tide
Ex: rivers, lakes, streams, creeks, ponds
Navigable = for the public to use
Nonnavigable = not for the public to use
Littoral bodies of water - have a tide
Ex: Atlantic ocean, beach
Are always navigable = for the public to use
Tide line is the property line
Rights for a riparian body of water and a littoral body of water are different.
Support rights - you’re not allowed to do anything on your property that might endanger your neighbor's property

Watching from WA State

Thank you so much for sharing these videos! Extremely helpful!

HANDS DOWN the BEST instructor around!!! 😎I am currently in a course that is so boring that it puts me to sleep but Mr. Everette teaches the way I learn. I am now exited about my real estate journey! I stumbled on this today and it is a breath of fresh air…..Thank you.

Should I watch the broker section or pre licensing real estate section if I am only studying to become agent?

I looooooooooove these. I’m an underwriter and you have literally made me better at my job. Thank you!

I once was lost but now I am found ! Best DAMN teacher , ever ! Thank you !

I barely started doing my real estate course its been 3 days of just being told to read the chapter and just being in class and the teacher skimming the chapter with "oh thats important that will be on the exam" and just a ton of personal stories and i had felt so stressed because I am not learning anything at all. I read the chapters but I have no way of comprehending all the text. I stumbled on your channel and have learned more in the first 24 mins of this video than i have my first 3 days in class. I really really appreciate you for posting these and trust that I will watch every single one of your videos as if i was your student in hopes of passing my exam first try! Thank you a ton!!!

I been tuning in for the new year 2021 and all I can say is Travis you are a life saver! You do an amazing job explaining EVERYTHING. I was so scared I was going to fail my test but now since I stumbled upon your videos I feel confident, I'm so glad I decided to click on you that day I was just listening to random videos. Thank you I hope you continue your social media platform, you are a star!