Hey guys, I just want to tell you that Travis is a the GOAT, I took real estate class in 08/19 for almost 3 mo and I got my licence in 01/13/20 I passed the class and the actual exam first time around ONLY because watching Travis videos, I literally watched (listened) every unit at least 3 times and took notes. My husband got tired of hearing Travis voice but I didn't give up because I knew he was my only way out since my teacher only lectured. But guys please take his videos seriously
I just passed my NC real estate broker exam today, first try. As I was reading the questions I could literally hear your voice (cuss words and all) from these videos. Thank you so much for posting these.
I'm a truck driver. I'm thinking of becoming a real estate agent to improve my health. I'm listening to learn while driving down the road. Thanks for doing this so I'll be prepared for classes!
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.
YAYY! I Stopped studying for a while because I have 2 small kids and life got hectic but I'm back, so glad you are still filming your videos, you explain everything so clearly. Appreciate the fact you share your class time with us.
I am so grateful for your videos! I went through all of them and I passed my exam today! I am so excited about my new career. Thank you so much, I went to bed and woke up to your voice, took you with me in the gym, and now that I passed, I will miss your voice and your jokes! I failed the exam a few times before I found your videos and everything started to make sense because of how you explained this in real life. I’m so glad I found you, you’re the best teacher!
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
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!
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!
Travis!! THANK YOU!! I've been in real estate school for a few weeks now and I'm so grateful for your teaching style. I've been LOST and overwhelmed since day one but I finally feel some sense of hope. I'll be watching all your videos for sure. THANKS AGAIN!! What a GIFT!
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!!!
First and foremost Thank you! Thank you! Thank you! I just took my real estate exam today and passed both state and national (Sorry excited had to get it out). I want to say it wasn't because of my instructor I passed it was because of everything I retained from Travis. My instructor was great but that info was way to much to retain for the time given. If it wasn't for the way Travis dumbs it down I don't believe I would have passed on the first try. Recommend these videos to everyone.
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!
Thank you, Travis!!! I just got my MD real estate licenses, and it’s thanks to you! Your videos were extremely helpful, before them I was so lost, especially since English isn’t my first language, you really helped me out understand everything. Will continue to watch your videos because I think you give an amazing advices from the real world when it comes to real estate. I took a real estate classes before, and they just thought us how to pass this exam following the book. And I was so confused and didn’t learn anything after my class was over. You gave so many helpful information that anyone can understand. Thank you so much! 🙏🙏🙏🙏🙏
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'm in CA and have found your method of teaching easy to understand. You explain everything so well and you're funny! I understand that laws are different in each state and i listen with that in mind. I am currently waiting for my exam date and I'm nervously excited. I appreciate you and I thank you for having the gift of teaching.
How did you do? I'm in CA too, did you go with an online course? I'm still trying to figure out what online school is affordable, if you have any recommendations I would really appreciate it😊
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
Im excited to be joining this course. Im glad to see you're up to the times and utilizing Social Media to assist students with more diverse learning options. Thank you! See Ya Tomorrow
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!
The way I remember Riparian is "R"- river and other small bodies of H20. The "N" for no tide, navigable and non- navigable. Littorial- the "L" large bodies of H20. The "T" tide and the "O" ocean.
This is Great its easier for me then reading cause its not so easy for me to read and remember then watching it and being able to remember and having it explained. and i can be at home with my kids at the same time
NOTES!!!! ❤️📝❤️📝❤️ - - - - - - - - - - - - - - - - - - - Chapter 2 : 40:18 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
I didn't find the other part of this video but I did find another one where he goes over the parts that are missing. Skip to around 1:30. ua-cam.com/video/lPGFNWukT8Q/v-deo.html
Appreciate you making these videos! It does seem in the Playlist that the first 4 are out of order. It goes video 1. Then video 4. Then video 3 then video 2. Notice the shirt change =)
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.🙄
NOTES!!!! ❤️📝❤️📝❤️ - - - - - - - - - - - - - - - - - - - - - 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
The way I remember Riparian is "R"- river and other small bodies of H20. The "N" for no tide, navigable and non- navigable. Littorial- the "L" large bodies of H20. The "T" tide and the "O" ocean.
Hey guys, I just want to tell you that Travis is a the GOAT, I took real estate class in 08/19 for almost 3 mo and I got my licence in 01/13/20 I passed the class and the actual exam first time around ONLY because watching Travis videos, I literally watched (listened) every unit at least 3 times and took notes. My husband got tired of hearing Travis voice but I didn't give up because I knew he was my only way out since my teacher only lectured. But guys please take his videos seriously
Merveille Kabeya, NC Realtor I agree 100%, I have listened to these recordings multiple times.
Merveille Kabeya, NC Realtor thank you
Your comment gives me hope, thank you!
So glad you found this useful! Thrilled to know you didn’t give up and passed on the first try! 😁
Does Travis have a online class he’s teaching now? I missed Durham Tech & Alamance Community deadlines. I’m ready to start classes soon
I just passed my NC real estate broker exam today, first try. As I was reading the questions I could literally hear your voice (cuss words and all) from these videos. Thank you so much for posting these.
I'm a truck driver. I'm thinking of becoming a real estate agent to improve my health. I'm listening to learn while driving down the road. Thanks for doing this so I'll be prepared for classes!
Tony Parker you won’t regret it!
Tony Park, would love an update!
Please give us an update ✨
Updateee
Update
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.
How much u made off real estate since this comment
YAYY! I Stopped studying for a while because I have 2 small kids and life got hectic but I'm back, so glad you are still filming your videos, you explain everything so clearly. Appreciate the fact you share your class time with us.
I looooooooooove these. I’m an underwriter and you have literally made me better at my job. Thank you!
I am so grateful for your videos! I went through all of them and I passed my exam today! I am so excited about my new career. Thank you so much, I went to bed and woke up to your voice, took you with me in the gym, and now that I passed, I will miss your voice and your jokes! I failed the exam a few times before I found your videos and everything started to make sense because of how you explained this in real life. I’m so glad I found you, you’re the best teacher!
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
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!
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!
Travis!! THANK YOU!! I've been in real estate school for a few weeks now and I'm so grateful for your teaching style. I've been LOST and overwhelmed since day one but I finally feel some sense of hope. I'll be watching all your videos for sure. THANKS AGAIN!! What a GIFT!
Yes I really learn a lot from his teaching. Just passed my exam on Sunday morning and honestly he made the difference. Thank you Mr. Everette.
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!!!
How did it go???
First and foremost Thank you! Thank you! Thank you! I just took my real estate exam today and passed both state and national (Sorry excited had to get it out). I want to say it wasn't because of my instructor I passed it was because of everything I retained from Travis. My instructor was great but that info was way to much to retain for the time given. If it wasn't for the way Travis dumbs it down I don't believe I would have passed on the first try. Recommend these videos to everyone.
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!
Best teacher ever
I once was lost but now I am found ! Best DAMN teacher , ever ! Thank you !
Aww, thank you!
Thank you, Travis!!! I just got my MD real estate licenses, and it’s thanks to you! Your videos were extremely helpful, before them I was so lost, especially since English isn’t my first language, you really helped me out understand everything. Will continue to watch your videos because I think you give an amazing advices from the real world when it comes to real estate. I took a real estate classes before, and they just thought us how to pass this exam following the book. And I was so confused and didn’t learn anything after my class was over. You gave so many helpful information that anyone can understand. Thank you so much! 🙏🙏🙏🙏🙏
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'm in CA and have found your method of teaching easy to understand. You explain everything so well and you're funny! I understand that laws are different in each state and i listen with that in mind. I am currently waiting for my exam date and I'm nervously excited. I appreciate you and I thank you for having the gift of teaching.
How did you do? I'm in CA too, did you go with an online course? I'm still trying to figure out what online school is affordable, if you have any recommendations I would really appreciate it😊
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
Im excited to be joining this course. Im glad to see you're up to the times and utilizing Social Media to assist students with more diverse learning options. Thank you! See Ya Tomorrow
Thank you so much for sharing these videos! Extremely helpful!
You are the best teacher, thank you
Thank you! 😃
I really appreciate your videos! Such a life saver!! 😊
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!
thank you for sharing your class with us Travis! Im watching from NV
The way I remember Riparian is "R"- river and other small bodies of H20. The "N" for no tide, navigable and non- navigable. Littorial- the "L" large bodies of H20. The "T" tide and the "O" ocean.
liTToral -Tide...has a "T"
riparian- no tide...no "T"
A true GOAT, much respect to Travis❤
This is Great its easier for me then reading cause its not so easy for me to read and remember then watching it and being able to remember and having it explained. and i can be at home with my kids at the same time
NOTES!!!! ❤️📝❤️📝❤️
- - - - - - - - - - - - - - - - - - -
Chapter 2 : 40:18
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
I hope u have the greatest life ever
Thank you for the great content for those that are like me and are studying at home !
So happy I found these videos! Thank you!
You're so welcome!
Getting into real estate thanks. :)
Glad o found this channel🙏🏾
Us too!
C ool. Is there a second chapter 1 video or does it go straight to chapter 2 concurrent estates?
I didn't find the other part of this video but I did find another one where he goes over the parts that are missing. Skip to around 1:30. ua-cam.com/video/lPGFNWukT8Q/v-deo.html
Appreciate you making these videos! It does seem in the Playlist that the first 4 are out of order.
It goes video 1. Then video 4. Then video 3 then video 2. Notice the shirt change =)
thank you so much for this contient
Watching from WA State
I like your videos
This is great
no. 1
Hello. Any suggestions for a good in-person pre-licensing course in Illinois? Thank you.
Which book goes along with this class?
Chapter 2 stars at 40:18
Should I watch the broker section or pre licensing real estate section if I am only studying to become agent?
I'm trying to figure that out too
What book do you use?
Good day Mr Travis where can i get the slides you are using.
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.🙄
carnberry juice
is it possible to take licesning test and pass using only this playlist of videos
The home owner can not enter the home in an emergency situation unless they believe the home is vacant.
Is this Trav in the video above speaking 🤨
And does anyone know if Seth is a good instructor 👀
ocen spray
NOTES!!!! ❤️📝❤️📝❤️
- - - - - - - - - - - - - - - - - - - - -
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
The way I remember Riparian is "R"- river and other small bodies of H20. The "N" for no tide, navigable and non- navigable. Littorial- the "L" large bodies of H20. The "T" tide and the "O" ocean.