When Evan and Camelia decided to buy a home in Deer Run subdivision, they were required to take title to the home under certain covenants, conditions and restrictions (CC&Rs). Their real estate agent explained to them that during the term of their ownership, they must comply with the CC&Rs or they would lose their ownership. Their estate was a _____.

All states in the United States require real estate brokers to take an exam to get licensed.  Such subjects as operation of a brokerage, contract law and agency concepts and others.