Knowing your vocabulary for the real estate exam is one of the main ways you'll be able to pass your exam! In this video we go over the following real estate exam vocab: - Principle of Progression - Federal National Mortgage Association - Functional Obsolescence - Dual Agent - Subject To - Material Fact - Special Warranty Deed - Bundle of Rights - Lawful Object - Contract for Deed - CC&Rs - Implied Contract - Unenforceable Contract - Balloon Loan - Impounds - Leasehold Estate - Capitalization Rate - Township - Client - Prepayment Penalty Serious about passing your real estate exam? Sign up with PrepAgent to get more videos, thousands of interactive exam questions with explanations, 5x a week live webinars, and so much more! Use this link to get 25% off: https://www.prepagent.com/sign-up?code=youtube&utm_source=youtube&utm_medium=organic-social&utm_campaign=youtube-coupon If you need to complete your prelicensing courses click here: https://www.aceableagent.com/?utm_source=youtube&utm_medium=organic-social&utm_campaign=mktreplprepagent1 Follow us on Instagram: https://www.instagram.com/prep_agent/ https://www.instagram.com/aceableagent Join our free private Facebook group to get help from others taking the exam: https://www.facebook.com/groups/prepagent/ Join our new agents group to exchange ideas with other real estate professionals: https://www.facebook.com/groups/851499591705861 #RealEstateVocabulary #RealEstateExamPrep #RealEstateStudy