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