Real Estate Exam Prep with Stu Jacobson

• Primary Financing Market: Understanding its importance.
• Secondary Financing Market: How it supports the primary market.
• Key Differences: Between retail transactions and banking.
• Real-World Ana...

In this episode of the Real Estate Exam Prep Podcast, host Stu discusses the concept of "puffing" in real estate. Puffing, or puffery, is a legal form of exaggeration often encountered in real estate descriptions. Stu clarifies that puffing is different from fraud or misrepresentation, which are illegal. He provides examples of puffing, such as describing a porch as the "most beautiful" in an area, e...

In episode 8 of "Real Estate Exam Prep with Stu Jacobson," Stu breaks down the differences between unilateral and bilateral contracts, crucial topics for your real estate exam. He explains that bilateral contracts involve a mutual exchange of promises between two parties, while unilateral contracts bind only one party to perform, often seen in option agreements. Stu provides practical examples to clarify these concepts. Visit https...

In episode 7 of "Real Estate Exam Prep with Stu Jacobson," Stu clarifies the distinctions between express and implied contracts, a vital topic for your real estate exam. He explains that express contracts have clearly defined terms and can be either written or oral, while implied contracts are understood through actions, such as dining at a restaurant. Stu provides practical examples and insights to help you grasp these concepts. V...

In episode 6 of "Real Estate Exam Prep with Stu Jacobson," Stu explains the concept of voidable contracts, a crucial topic for your real estate exam. He defines voidable contracts, which are valid and enforceable unless one party chooses to void them due to specific conditions. Stu covers scenarios like contracts with minors, duress, intoxication, and undue influence, providing practical examples to help you grasp this concept. Vis...

In episode 5 of "Real Estate Exam Prep with Stu Jacobson," Stu dives into the essential topic of what makes a contract void. He explains the key elements required for a valid contract using the acronym CLOCK: Competent Parties, Legal Objective, Offer and Acceptance, and Consideration. Stu breaks down each component and provides practical examples to help you understand and identify void contracts. Make sure to visit https://www.stu...

In episode 4 of "Real Estate Exam Prep with Stu Jacobson," Stu breaks down the concept of tenants in common, a crucial topic for your real estate exam. He explains how this form of property ownership allows for multiple individuals or entities to hold unequal shares and the ability to devise property. Stu also highlights common exam questions related to tenants in common, ensuring you’re well-prepared to tackle them. Don't forget t...

In episode 3 of "Real Estate Exam Prep with Stu Jacobson," Stu tackles one of the most anxiety-inducing subjects for real estate exam takers: math. He shares essential tips and tricks to help you approach math questions with confidence and reduce test-day stress. From the importance of saving math questions for the end to practical advice on utilizing calculators and amortization tables, Stu covers it all. He also emphasizes the va...

In episode 2 of "Real Estate Exam Prep with Stu Jacobson," Stu demystifies the concept of tenancy in severalty, ensuring you grasp this fundamental topic for your real estate exam. He clarifies the common misconception about the term "severalty," explaining that it means sole ownership by an individual or an entity. Stu discusses key aspects, potential exam questions, and how tenancy in severalty differs from other forms of ownersh...

In this episode of "Real Estate Exam Prep with Stu Jacobson," Stu dives into the concept of joint tenancy, a crucial topic for passing your real estate exam. He breaks down the definition, benefits, and key features, such as the right of survivorship and the four unities (time, title, interest, and possession). Stu also provides practical examples and scenario-based questions to help you grasp the nuances of joint tenancy, ensuring...