Hi, I’m Kent Schlopy from Team Schlopy and Summit Sotheby’s International Realty. I’d like to explain the difference to you between water rights and water shares. Water rights provide the owner with the opportunity to use any water that’s on the property and will convey with the sale and purchase of property. Water shares may or may not transfer with the purchase, and if they do it will be considered personal property and will be transferred with a personal property transfer agreement and bill of sale.