Use Mnemonic Devices to Make Memorizing Easier

A mnemonic device is a memory technique that uses shortcuts to recall complex information.

Here are some mnemonics to help with your real estate exam prep:

SAD - The 3 types of fee simple estates

S – Fee Simple Subject to a Condition Subsequent or Precedent
- You’ll recognize these interests when they BOP you on the head
o B – “But”
o O – “On condition that”
o P – “Provided

A – Fee Simple Absolute
D – Fee Simple Determinable
- These interests can be recognized by SUD language
o S – “So long as”
o U – “Until”
o D – “During”

PITT - Joint Tenancies require unity of
P – Possession
I – Interest
T – Time
T – Title

Landlord-Tenant - Types of Tenancy
You Will Suffer Periodically over the Years, as a tenant
Tenancy for YEARS
PERIODIC tenancy
Tenancy at WILL
Tenancy at SUFFERANCE

LAND - The 4 Elements of a Valid Lease
Length of time
Amount of rent
Name of parties
Description of the property

OAC - Easement by Prescription
O - Open and notorious
A – Adverse (Hostile)
C - Continuous and uninterrupted

ADAM E LEE - 8 ways to terminate an Easement
Abandonment
Destruction
Adverse Possession
Merger
Express agreement
Lawsuit
Estoppel
Excessive Use

PANCHO - 6 requirement for Adverse Possession
Possession
Adverse
Notorious
Continuous
Hostile
Open

WASTO - 5 ways to Acquire or Convey Property
Will
Accession
Succession
Transfer
Occupancy

RAW - Buyer will earn a Broker a Commission
R – Ready
A – Able
W – Willing

MARIA - The 5 tests of a Fixture
M – Method of Attachment
A – Adaptability of Attachment
R – Relationship Parties
I – Intent of person installing chattel (whether it was intended to be permanently installed)
A – Agreement of the parties

OLD CAR - Duties an Agent owes a Principal
Obedience
Loyalty
Disclosure
Confidentiality
Accounting
Reasonable Care

DEC - The 3 Agency Disclosure Requirements
Disclose
Elect
Confirm

DUST - The 4 Elements of Value
Demand
Utility
Scarcity
Transferability

PEPS - 4 Forces influencing Value
Physical and environmental characteristics
Economic influences
Political (governmental) regulations
Social ideals and standards

PETE - 4 types of Government Controls
Police power
Eminent Domain
Taxation
Escheat

TIMMUR - Fixed and Variable Operating Expenses of Real Estate
Taxes
Insurance
Management
Maintenance
Utilities
Reserves

UPTEE - 5 Ownership Rights in the Bundle of Rights
Use
Possess
Transfer
Encumber
Enjoy

Click below to download the Real Property Mnemonics tools.

Real Property Mnemonics