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PREPAGENT.COM KEY CONCEPTS TO PASS YOUR REAL ESTATE EXAM Table of Contents INTRODUCTION 5 .......................................................................................................................................... DISCLAIMER 5 ............................................................................................................................................... WHAT IS A LICENSE? 5 ................................................................................................................................. THE -OR AND -EE RULE 6 ............................................................................................................................ PROPERTY OWNERSHIP 7 ........................................................................................................................... BASICS 7 ...................................................................................................................................................... Bundle of Rights 7 ................................................................................................................................... Real vs. Personal Property 9 ........................