In San Diego, many transplants think it's their right to live close to the ocean; their budgets suggest otherwise. But, I'm here to help them all.

Not really a big topic here even tho we are on the gulf.  

I work in the Chicago metropolitan area and its surrounds.  I never deal with water shares or rights.

Sadie,

This has to do with agriculture and applies to wine growing regions also. A

Being in an arid agricultural area, water rights are a very important issue... not just for farmers but domestic irrigation as well.   

None. Good luck with your studies. Don't get discouraged with your 2nd rate education. It's not to late to find an instructor who actually teaches.

None.  I wish you all the best with your real estate studies. 

We do not have those issues in our area.

In my 23+ years as a Realtor, I have not had any dealings with water shares and water rights.

In different parts of California, those things can be an issue.

For centuries water and access to it remained of the utmost importance and caused Nations to even go to war. Today, being more civilized we have regulated it so there is some for all. Water rights become important to those that it matters when Real Estate that requires it comes up....Then we learn

None in my area. We get water from Lake Michigan as long as we pay our bill. The issue arises in states further west!