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Study sets matching "ca real estate"

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Study sets matching "ca real estate"

53 terms
CA Real Estate Prep
first inhabitants of CA
probate
percolation
potable
Indians
the court procedure for disposing of a deceased's estate; it'…
the ability of water to flow through soil; percolation is imp…
drinkable
first inhabitants of CA
Indians
probate
the court procedure for disposing of a deceased's estate; it'…
167 terms
Ca Real Estate Practice
Sphere of Influence
Geographical Farm
Commission Split
Straight Commission
is made up of people you know including friends, neighborhood…
is a specific neighborhood, community, or zip code in which y…
detail what percentage belongs to you and what percentage bel…
the broker usually does not charge a desk fee, but pays the a…
Sphere of Influence
is made up of people you know including friends, neighborhood…
Geographical Farm
is a specific neighborhood, community, or zip code in which y…
89 terms
CA Real Estate Exam
Alien Registration Receipt Card
Associate Licensee
blind advertising
broker office
Identification card, also known as a green card, that provide…
A real estate salesperson who works as the employee of a brok…
Ad in which the name of the person placing the ad is not ment…
A licensed broker who is an officer of a brokerage that is se…
Alien Registration Receipt Card
Identification card, also known as a green card, that provide…
Associate Licensee
A real estate salesperson who works as the employee of a brok…
53 terms
CA Real Estate Prep
first inhabitants of CA
probate
percolation
potable
Indians
the court procedure for disposing of a deceased's estate; it'…
the ability of water to flow through soil; percolation is imp…
drinkable
first inhabitants of CA
Indians
probate
the court procedure for disposing of a deceased's estate; it'…
35 terms
CA Real Estate Principles
Land, Affixed to land, Appurtenant to…
Adverse possession
Capable parties, mutual consent, lawfu…
dual agency
Real property consists of: LAAI
Paying property taxes/continuous uninterrupted possession for…
Name 5 Essential elements of a real estate contract?
When a real estate broker represents both the buyer and selle…
Land, Affixed to land, Appurtenant to…
Real property consists of: LAAI
Adverse possession
Paying property taxes/continuous uninterrupted possession for…
56 terms
CA Real Estate #2
lis pendens
contract
acknowledged
acknowledged
Litigation pending is also known as
a deed is not a
When the grantor appears before an officer and admits he sign…
Before you can record a deed, it must be
lis pendens
Litigation pending is also known as
contract
a deed is not a
274 terms
CA Real Estate Prep
blanket mortgage
double escrow
impound account
encroachment
encumbrance covering several seperate properties
escrows arranged back to back
kept by lender to provide funds for taxes and insurance. actu…
trespass
blanket mortgage
encumbrance covering several seperate properties
double escrow
escrows arranged back to back
CA Real Estate Vocabulary
Trustor
Trustee
Promissory note
Outlaws
Seller, borrower
Seller, beneficiary, bank
To pay
Expire
Trustor
Seller, borrower
Trustee
Seller, beneficiary, bank
105 terms
CA: Real Estate Practices
Sellers market
Buyers market
Multiple listing service
Residential property
Market area having a scarcity of lower-priced homes with many…
Market area with larger number of higher-priced homes for sal…
is an organization of member brokers who share listing inform…
land or improved property with buildings designed for humans…
Sellers market
Market area having a scarcity of lower-priced homes with many…
Buyers market
Market area with larger number of higher-priced homes for sal…
125 terms
CA Real Estate #3
competency, offer and acceptance, lega…
real estate taxes, mortgage interest
be disclosed
24
A valid real estate contract must contain 3 things, they are
2 things that are tax deductibles on your tax return
Lead paint in a home, must always what?
Parties have how many hours to review HUD statements?
competency, offer and acceptance, lega…
A valid real estate contract must contain 3 things, they are
real estate taxes, mortgage interest
2 things that are tax deductibles on your tax return
56 terms
CA Real Estate #2
lis pendens
contract
acknowledged
acknowledged
Litigation pending is also known as
a deed is not a
When the grantor appears before an officer and admits he sign…
Before you can record a deed, it must be
lis pendens
Litigation pending is also known as
contract
a deed is not a
67 terms
CA Real Estate #1
10
number of children, religion, origin
delay
merging, written agreement, nonuse
Judgement lien runs for how many years?
Name 3 prohibited discrimination
Definition of laches is
Easement acquired by prescription may be terminated by
10
Judgement lien runs for how many years?
number of children, religion, origin
Name 3 prohibited discrimination
408 terms
Real Estate Exam - CA
The Bureau of Real Estate regards a sa…
A licensed salesperson gave notice to…
If an employing broker discharges a sa…
Which of the following is required to…
Employee
Return the license to the salesperson and notify the Real Est…
must notify the Commissioner immediately by mailing a certifi…
a mortgage loan broker
The Bureau of Real Estate regards a sa…
Employee
A licensed salesperson gave notice to…
Return the license to the salesperson and notify the Real Est…
167 terms
Ca Real Estate Practice
Sphere of Influence
Geographical Farm
Commission Split
Straight Commission
is made up of people you know including friends, neighborhood…
is a specific neighborhood, community, or zip code in which y…
detail what percentage belongs to you and what percentage bel…
the broker usually does not charge a desk fee, but pays the a…
Sphere of Influence
is made up of people you know including friends, neighborhood…
Geographical Farm
is a specific neighborhood, community, or zip code in which y…
109 terms
CA Real Estate 2015
'SUBJECT-TO' CLAUSE
A.L.T.A.
A.L.T.A. Owner's Policy
A.L.T.A. POLICY
A buyer takes over the existing loan payments but assumes no…
American Land Title Association
American Land Title Association policy of extended title insu…
American Land Title Association policy of extended title insu…
'SUBJECT-TO' CLAUSE
A buyer takes over the existing loan payments but assumes no…
A.L.T.A.
American Land Title Association
225 terms
CA Real Estate Vocab
1031 exchange boot
1099-S Reporting
acknowledgement of satisfaction
abandonment
cash and/or unlike property received in a 1031 exchange
report submitted to IRS by escrow agents to report the sale o…
written declaration signed before a notary public acknowledgi…
failure to occupy or use property that may result in loss of…
1031 exchange boot
cash and/or unlike property received in a 1031 exchange
1099-S Reporting
report submitted to IRS by escrow agents to report the sale o…
118 terms
Real estate CA EXAM
The one unity in the joint tenancy hol…
A court order directing the sheriff to…
Mr. Jones owns a fee simple estate. If…
Which of the following statements rega…
Vehicle right of possession
Writ of attachment
A fee simple estate
A violation of a condition might result in loss of title
The one unity in the joint tenancy hol…
Vehicle right of possession
A court order directing the sheriff to…
Writ of attachment
35 terms
CA Real Estate
Caveat Emptor
Actual Notice
Constructive Notice
Principal of Laches
Buyer beware
Legally known, not recorded
Info that can be obtain from public records at courthouse
Used to bar something due to statutory period of time
Caveat Emptor
Buyer beware
Actual Notice
Legally known, not recorded
125 terms
CA Real Estate #3
competency, offer and acceptance, lega…
real estate taxes, mortgage interest
be disclosed
24
A valid real estate contract must contain 3 things, they are
2 things that are tax deductibles on your tax return
Lead paint in a home, must always what?
Parties have how many hours to review HUD statements?
competency, offer and acceptance, lega…
A valid real estate contract must contain 3 things, they are
real estate taxes, mortgage interest
2 things that are tax deductibles on your tax return
53 terms
CA Real Estate Prep
first inhabitants of CA
probate
percolation
potable
Indians
the court procedure for disposing of a deceased's estate; it'…
the ability of water to flow through soil; percolation is imp…
drinkable
first inhabitants of CA
Indians
probate
the court procedure for disposing of a deceased's estate; it'…
277 terms
CA Real Estate Terms
ABANDONMENT
ABSTRACT
ABSTRACT OF JUDGMENT
ABSTRACT OF TITLE
Voluntary surrender of a claim or right, such as when a Decla…
A brief summary.
A condensation of the essential provisions of a court judgment.
A summary or digest of the conveyances, transfers, and any ot…
ABANDONMENT
Voluntary surrender of a claim or right, such as when a Decla…
ABSTRACT
A brief summary.
110 terms
CA Real Estate Exam
Two friends hold title as joint tenant…
Joint tenant estate held by two joint…
A man owns six seperate parcels of rea…
All of the following acts of one joint…
Place the beneficiary in a precarious position should the bor…
A foreclosure by one of the joint tenants. One of the joint t…
A blanket mortgage
Mortgages his or her share
Two friends hold title as joint tenant…
Place the beneficiary in a precarious position should the bor…
Joint tenant estate held by two joint…
A foreclosure by one of the joint tenants. One of the joint t…
89 terms
CA Real Estate Exam
Alien Registration Receipt Card
Associate Licensee
blind advertising
broker office
Identification card, also known as a green card, that provide…
A real estate salesperson who works as the employee of a brok…
Ad in which the name of the person placing the ad is not ment…
A licensed broker who is an officer of a brokerage that is se…
Alien Registration Receipt Card
Identification card, also known as a green card, that provide…
Associate Licensee
A real estate salesperson who works as the employee of a brok…
67 terms
CA Real Estate #1
10
number of children, religion, origin
delay
merging, written agreement, nonuse
Judgement lien runs for how many years?
Name 3 prohibited discrimination
Definition of laches is
Easement acquired by prescription may be terminated by
10
Judgement lien runs for how many years?
number of children, religion, origin
Name 3 prohibited discrimination
64 terms
CA Real Estate Exam
Alien Registration Receipt Card
Associate Licensee
blind advertising
broker office
Identification card, also known as a green card, that provide…
A real estate salesperson who works as the employee of a brok…
Ad in which the name of the person placing the ad is not ment…
A licensed broker who is an officer of a brokerage that is se…
Alien Registration Receipt Card
Identification card, also known as a green card, that provide…
Associate Licensee
A real estate salesperson who works as the employee of a brok…
5 terms
CA real estate law
Common law
Civil law
Stare decisis
Precedent
An English legal system in which disputes are decided on a ca…
A Spanish legal system in which an elaborate systems of statu…
...
...
Common law
An English legal system in which disputes are decided on a ca…
Civil law
A Spanish legal system in which an elaborate systems of statu…
35 terms
CA Real Estate Principles
Land, Affixed to land, Appurtenant to…
Adverse possession
Capable parties, mutual consent, lawfu…
dual agency
Real property consists of: LAAI
Paying property taxes/continuous uninterrupted possession for…
Name 5 Essential elements of a real estate contract?
When a real estate broker represents both the buyer and selle…
Land, Affixed to land, Appurtenant to…
Real property consists of: LAAI
Adverse possession
Paying property taxes/continuous uninterrupted possession for…
110 terms
CA Real Estate Exam
Two friends hold title as joint tenant…
Joint tenant estate held by two joint…
A man owns six seperate parcels of rea…
All of the following acts of one joint…
Place the beneficiary in a precarious position should the bor…
A foreclosure by one of the joint tenants. One of the joint t…
A blanket mortgage
Mortgages his or her share
Two friends hold title as joint tenant…
Place the beneficiary in a precarious position should the bor…
Joint tenant estate held by two joint…
A foreclosure by one of the joint tenants. One of the joint t…
277 terms
CA Real Estate Terms
ABANDONMENT
ABSTRACT
ABSTRACT OF JUDGMENT
ABSTRACT OF TITLE
Voluntary surrender of a claim or right, such as when a Decla…
A brief summary.
A condensation of the essential provisions of a court judgment.
A summary or digest of the conveyances, transfers, and any ot…
ABANDONMENT
Voluntary surrender of a claim or right, such as when a Decla…
ABSTRACT
A brief summary.
272 terms
CA Real Estate
Abandonment
Abstract
Abstract of Judgment
Abstract of Title
Voluntary surrender of a claim or right, such as when a Decla…
A brief summary.
A condensation of the essential provisions of a court judgment.
A summary or digest of the conveyances, transfers, and any ot…
Abandonment
Voluntary surrender of a claim or right, such as when a Decla…
Abstract
A brief summary.
70 terms
CA Real Estate
After a trustee's sale, there is money…
The owner of the property encumbered w…
A veteran may purchase a home under Ca…
In purchasing a home, the purchaser ge…
Beneficiary of the second... (the second in line to receive wha…
A subordination clause... (a clause where the holder of a mortg…
Contract of sale... (CalVet mortgages are procured using contra…
Holder of the second... (if there is a default on the first tru…
After a trustee's sale, there is money…
Beneficiary of the second... (the second in line to receive wha…
The owner of the property encumbered w…
A subordination clause... (a clause where the holder of a mortg…
76 terms
CA Real Estate Principles Exam
Acre
Allodial Tenure
Feudal Tenure
Treaty of Guadalupe Hidalgo (1848)
Measures to 43,560 square feet, or 160 rods.
Type of system where individuals own land
Type of system where the government/monarchy owns land
Signed by Mexico giving California to the USA.
Acre
Measures to 43,560 square feet, or 160 rods.
Allodial Tenure
Type of system where individuals own land
11 terms
CA Real Estate Prep
Acceleration Clause
Accession
Accretion
Acre
the lender to declare the remaining indebtedness due on the h…
The process of manufactured or natural improvement or additio…
Accession by natural forces
4840 sq yrds, 43560 sq ft, or 160 sq rods.
Acceleration Clause
the lender to declare the remaining indebtedness due on the h…
Accession
The process of manufactured or natural improvement or additio…
134 terms
CA Real Estate
Percolation
Party wall
Tax shelter
Reconciliation
Action of drainage water in leach lines of septic system
Wall on property line of adjoining properties used by both pa…
Income tax
Balancing of trust accounts to bank statements
Percolation
Action of drainage water in leach lines of septic system
Party wall
Wall on property line of adjoining properties used by both pa…
167 terms
Ca Real Estate Practice
Sphere of Influence
Geographical Farm
Commission Split
Straight Commission
is made up of people you know including friends, neighborhood…
is a specific neighborhood, community, or zip code in which y…
detail what percentage belongs to you and what percentage bel…
the broker usually does not charge a desk fee, but pays the a…
Sphere of Influence
is made up of people you know including friends, neighborhood…
Geographical Farm
is a specific neighborhood, community, or zip code in which y…
53 terms
CA Real Estate Prep
first inhabitants of CA
probate
percolation
potable
Indians
the court procedure for disposing of a deceased's estate; it'…
the ability of water to flow through soil; percolation is imp…
drinkable
first inhabitants of CA
Indians
probate
the court procedure for disposing of a deceased's estate; it'…
76 terms
CA Real Estate Principles Exam
Acre
Allodial Tenure
Feudal Tenure
Treaty of Guadalupe Hidalgo (1848)
Measures to 43,560 square feet, or 160 rods.
Type of system where individuals own land
Type of system where the government/monarchy owns land
Signed by Mexico giving California to the USA.
Acre
Measures to 43,560 square feet, or 160 rods.
Allodial Tenure
Type of system where individuals own land
13 terms
CA Real Estate Exam
Bill of Sale
Deed
Land
Personal Property/chattel
personal property is transferred by a
Real property is transferred by a
mineral, oil, air
moveable items
Bill of Sale
personal property is transferred by a
Deed
Real property is transferred by a
66 terms
CA Real Estate Exam
Recording
Constructive Notice
Acknowledgement
General Liens
Give notice of ownership, filed in county recorders office, s…
Given by recording, recording of deeds, mortgages, liens are…
Execution of an interest by a person without interest
Applies to all property; both personal and real
Recording
Give notice of ownership, filed in county recorders office, s…
Constructive Notice
Given by recording, recording of deeds, mortgages, liens are…
76 terms
CA Real Estate Principles Exam
Acre
Allodial Tenure
Feudal Tenure
Treaty of Guadalupe Hidalgo (1848)
Measures to 43,560 square feet
Type of system where individuals own land
Type of system where the government/monarchy owns land
Signed by Mexico giving California to the USA.
Acre
Measures to 43,560 square feet
Allodial Tenure
Type of system where individuals own land
659 terms
CA Real Estate Principles Book
abandonment
abstract of judgment
abstract of title
acceleration clause
Giving up possession or ownershp of property by nonuse, usual…
Document stipulatinng the outcome of a legal action, which ca…
A summary or digest of all recorded transfers, conveyances, l…
A provision in a real estate financing instrument that allows…
abandonment
Giving up possession or ownershp of property by nonuse, usual…
abstract of judgment
Document stipulatinng the outcome of a legal action, which ca…
130 terms
CA Real Estate Terms #4
Abstract of Judgment
Abstract of Title
Acceleration Clause
Accrued
Summary of a court judgment creating a lien against a propert…
The condensed history of a title to a particular parcel of re…
The clause in a mortgage or deed of trust that can be enforce…
On a closing statement, items of expense that are incurred bu…
Abstract of Judgment
Summary of a court judgment creating a lien against a propert…
Abstract of Title
The condensed history of a title to a particular parcel of re…
76 terms
CA Real Estate Principles Exam
Acre
Allodial Tenure
Feudal Tenure
Treaty of Guadalupe Hidalgo (1848)
Measures to 43,560 square feet, or 160 rods.
Type of system where individuals own land
Type of system where the government/monarchy owns land
Signed by Mexico giving California to the USA.
Acre
Measures to 43,560 square feet, or 160 rods.
Allodial Tenure
Type of system where individuals own land
138 terms
CA Real Estate Exam Prep
Estate
Freehold Estate
Fee Simple Estate
Fee Simple Defeasible
You have - or WILL have possession. As either a tenant or a o…
Ownership - indefinite period of ownership
Lasts forever - maximum bundle of rights
Deed has a Condition - for example Camp Sequoia ... Breach the c…
Estate
You have - or WILL have possession. As either a tenant or a o…
Freehold Estate
Ownership - indefinite period of ownership
384 terms
CA Real Estate Exam Vocab.
ABSTRACT OF TITLE
ACCELERATION CLAUSE
ACCESSION
ACCRETION
- a written summary of the chain of title.
- any clause in a loan requiring the loan be paid off upon th…
- the acquisition of property by its being added to other pro…
- the process of gradual or imperceptible additions to land b…
ABSTRACT OF TITLE
- a written summary of the chain of title.
ACCELERATION CLAUSE
- any clause in a loan requiring the loan be paid off upon th…
171 terms
CA Real Estate Exam- Practice
Two friends hold title as joint tenant…
Joint tenant estate held by two joint…
A man owns six seperate parcels of rea…
All of the following acts of one joint…
Place the beneficiary in a precarious position should the bor…
A foreclosure by one of the joint tenants. One of the joint t…
A blanket mortgage
Mortgages his or her share
Two friends hold title as joint tenant…
Place the beneficiary in a precarious position should the bor…
Joint tenant estate held by two joint…
A foreclosure by one of the joint tenants. One of the joint t…
189 terms
CA Real Estate Exam Prep
Tenancy in Common
Tenancy in Common - Can owners take ti…
Tenancy in Common - Equal or Unequal s…
Tenancy in Common - Can a tenant give…
- may take title at different times... - may own equal or unequa…
Yes
Can be either equal or unequal
Yes - the recipient receives the share of the tenant in commo…
Tenancy in Common
- may take title at different times... - may own equal or unequa…
Tenancy in Common - Can owners take ti…
Yes
76 terms
CA Real Estate Principles Exam
Acre
Allodial Tenure
Feudal Tenure
Treaty of Guadalupe Hidalgo (1848)
Measures to 43,560 square feet, or 160 rods.
Type of system where individuals own land
Type of system where the government/monarchy owns land
Signed by Mexico giving California to the USA.
Acre
Measures to 43,560 square feet, or 160 rods.
Allodial Tenure
Type of system where individuals own land
85 terms
CA DRE Financing Real Estate
There are four main areas within this…
When a loan is made, the borrower sign…
Types of promissory notes include:…
A holder in due course is
Real Estate Finance discusses promissory notes, trust deeds a…
A promissory note is: ... An unconditional written promise to…
Types of promissory notes include:... Straight note - payment…
A holder in due course is someone who takes an existing note,…
There are four main areas within this…
Real Estate Finance discusses promissory notes, trust deeds a…
When a loan is made, the borrower sign…
A promissory note is: ... An unconditional written promise to…
171 terms
CA Real Estate Exam- Practice
Two friends hold title as joint tenant…
Joint tenant estate held by two joint…
A man owns six seperate parcels of rea…
All of the following acts of one joint…
Place the beneficiary in a precarious position should the bor…
A foreclosure by one of the joint tenants. One of the joint t…
A blanket mortgage
Mortgages his or her share
Two friends hold title as joint tenant…
Place the beneficiary in a precarious position should the bor…
Joint tenant estate held by two joint…
A foreclosure by one of the joint tenants. One of the joint t…
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