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Real Estate Exam Vocabulary

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Surrender

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Terms in this set (383)

the voluntary giving up of a lease

Subordination Clause

A clause in which the holder of a trust deed permits a subsequent loan to take priority

manufactured home

Home built in a factory after June 15, 1976 that conforms to the federal Manufactured Home Construction and Safety Standards.

Stigmatized Property

psychologically impacted property that buyers or tenants may avoid, for reasons that are unrelated to its physical conditions or features

lessor; property owner