Real Estate Novation: What is it? Real estate license exam questions.
Nov 30, 2022
Like many things within the world of real estate, novation can be complex. Not only can it become difficult to understand, it's also very important to grasp for your real estate career. Luckily in this video we put together everything you need to know about real estate novation. Today, we’ll break down novation, when it and how it occurs, and of course what you need to know for your real estate exam. So without further ado let's jump right into it.
Here are the chapters for this video, feel free to jump around accordingly:
0:00 Introduction
0:30 Real Estate Novation Definition
1:40 Real Estate Novation Conditions
3:21 Real Estate Novation Examples
4:07 Subletting and Assignments
6:53 How Often Does Novation Occur?
8:18 What Do You Need to Know for the Exam?
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