Real Property and the Law | National Exam Prep Unit 2

What do you actually own when you buy real estate? In National Unit 2, NESRE instructor Carl Guild explains real property and the law in plain English: what land includes, how real estate differs from real property, the bundle of rights, water rights, fixtures, and trade fixtures. A study guide for real estate exam prep and for anyone who wants these concepts to finally click. What you'll learn: What land includes (surface, subsurface, air space) and its three physical characteristics The difference between land, real estate, and real property The bundle of legal rights (DEEP C), title, deeds, and appurtenances Riparian rights, littoral rights, and prior appropriation Personal property vs. real property, fixtures (MARIA), and trade fixtures Chapters: 0:00 Welcome 0:28 What this unit covers 0:55 What land includes 1:48 Physical characteristics of land 2:35 Subsurface and air rights 3:38 Land, real estate, real property 4:39 The bundle of legal rights (DEEP C) 5:41 Title, deed, and appurtenances 6:25 Water rights 7:33 Economic characteristics of land 8:29 Personal property, severance, annexation 9:31 Fixtures and the MARIA tests 10:42 Trade fixtures 11:34 Laws that affect real estate 12:24 Key takeaways This video is part of National Real Estate Exam Prep with Carl Guild | NESRE. Watch the full playlist:    • National Real Estate Exam Prep   Starting a real estate career in Connecticut? The New England School of Real Estate teaches the 60-hour Principles and Practices pre-licensing course live online, with morning or evening classes Monday through Friday. Tuition is $395; books and state licensing costs are separate. Finishing the course is one step toward a license; you'll also need to pass the state exam. Already licensed? NESRE also offers online continuing education you can take on your schedule. https://neschoolofrealestate.com/ This video is an educational study aid and is not official licensing exam material. Laws and requirements change and vary by state; check current official sources. #RealEstateExam #RealEstateLicense #NESRE