Study sets matching "california real estate terms"

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Study sets matching "california real estate terms"

California Real Estate Terms
Abandonment
Abstract of Judgment
Abstract of Title
Acceleration Clause
Giving up possession or ownership of property by not using it…
Document that summarizes the result of a legal action, which…
Summation of all recorded transfers, conveyances, legal proce…
Provision in a real estate financing instrument allowing the…
Abandonment
Giving up possession or ownership of property by not using it…
Abstract of Judgment
Document that summarizes the result of a legal action, which…
California Real estate terms
Assignor
Assigns/Assignees
Debtor/Borrower
Flipper/speculator
A party who assings or transfers property
A party to whom interests in real estate have been transferred
A person who takes out debt such as a mortgage
A property owner who markets property for sale without the us…
Assignor
A party who assings or transfers property
Assigns/Assignees
A party to whom interests in real estate have been transferred
California Real Estate Terms
Alienation Clause
First Trust Deed Commission Maximums
Second of Other Junior Trust Deed Comm…
Trust Deed
Clause in a loan document providing for full payment if the p…
5 percent on loans less than three years... 10 percent on loans…
5 percent on loans less than two years... 10 percent on loans of…
Deed given by borrower to beneficiary to be held pending fulf…
Alienation Clause
Clause in a loan document providing for full payment if the p…
First Trust Deed Commission Maximums
5 percent on loans less than three years... 10 percent on loans…
423 terms
California Real Estate Finance Terms
Ability/Capacity to Pay
Acceleration Clause
Accrued Depreciation
Adjustable Rate Mortgage (ARM)
The position of a borrower relative to repaying a loan, based…
Clause in trust deed or mortgage giving a lender the right to…
The difference between the cost of replacement of building ne…
A loan pegged to an index; as the index goes up or down, the…
Ability/Capacity to Pay
The position of a borrower relative to repaying a loan, based…
Acceleration Clause
Clause in trust deed or mortgage giving a lender the right to…
124 terms
California Real Estate Terms
Title
Title defects
Marketable title
Alienation
"A person who owns property is said to have title to it."
("Clouds" on title) "Problems with a real property owner's ti…
"Title that is free from serious defects"
"The process of transferring ownership of (title to) real pro…
Title
"A person who owns property is said to have title to it."
Title defects
("Clouds" on title) "Problems with a real property owner's ti…
138 terms
California Real Estate
Demise
Lessor
Cash Flow
Net Spendable
In real estate - to convey or transfer the possession and use…
Owner - Landlord; Lessee - tenant/ renter
Money the investor has at the end of the year after deducting…
Related to "Cash Flow." Computed by deducting income tax from…
Demise
In real estate - to convey or transfer the possession and use…
Lessor
Owner - Landlord; Lessee - tenant/ renter
127 terms
California Real Estate Practices
Which of the following is NOT one of t…
Appreciation is:
When a purchaser of real estate places…
One of the most important decision-inf…
(A) liquidity
(B) the increase in value of a property over a holding period.
(D) leverage
(B) the tax implications
Which of the following is NOT one of t…
(A) liquidity
Appreciation is:
(B) the increase in value of a property over a holding period.
423 terms
California Real Estate Finance terms
Ability/Capacity to Pay
Acceleration Clause
Accrued Depreciation
Adjustable Rate Mortgage (ARM)
The position of a borrower relative to repaying a loan, based…
Clause in trust deed or mortgage giving a lender the right to…
The difference between the cost of replacement of building ne…
A loan pegged to an index; as the index goes up or down, the…
Ability/Capacity to Pay
The position of a borrower relative to repaying a loan, based…
Acceleration Clause
Clause in trust deed or mortgage giving a lender the right to…
California Real Estate Practices
Errors and omissions insurance (E&O)
Glazing patterns
Palladian window
Semi-circular windows and oval windows
A policy that covers various claims for errors, mistakes, neg…
Refer to the way windowpanes are placed into a frame.
Divided into three parts, with rectangular panes on each side…
Add accent to houses. These windows were popular in Colonial…
Errors and omissions insurance (E&O)
A policy that covers various claims for errors, mistakes, neg…
Glazing patterns
Refer to the way windowpanes are placed into a frame.
216 terms
California Real Estate II
Stock of a Mutual Water Company
Reliction
Mean high tide line
Accession
Owned by the landowners served by the company. Appurtenant to…
An increase in land caused by the permanent withdrawing of a…
A property owner's boundary along an ocean
The addition of property by natural means (such as accretion)…
Stock of a Mutual Water Company
Owned by the landowners served by the company. Appurtenant to…
Reliction
An increase in land caused by the permanent withdrawing of a…
136 terms
California Real Estate III
Within/ Max of 3 days from the loan ap…
Regulation Z: Truth In Lending Law
There is NO prepayment penalty
Cal-Vet, VA, FHA
Under RESPA (Real Estate Settlement Procedures Act) ... Applies…
These two basic types of transactions are exempt from coverag…
Providing in the loan that the borrower can make payments of…
Can be paid without prepayment penalties?
Within/ Max of 3 days from the loan ap…
Under RESPA (Real Estate Settlement Procedures Act) ... Applies…
Regulation Z: Truth In Lending Law
These two basic types of transactions are exempt from coverag…
680 terms
Glossary terms for California Real Estate Principles Book
ALTA Owner's Policy
ALTA Title Policy
Absolute Fee-Simple Title
Abstract of Judgment
A residential owner's extended... coverage policy that provides…
An American Land Title Association-approved title policy. A t…
Title that is absolute and... unqualified. It is the best title…
A condensation of the essential... provisions of a court judgment.
ALTA Owner's Policy
A residential owner's extended... coverage policy that provides…
ALTA Title Policy
An American Land Title Association-approved title policy. A t…
California Real Estate Terms August 2016
Abandonment
Abstract of judgment
Abstract of title
Acceleration clause
Giving up possession or ownership of property by not using it…
Document that summarizes the result of a legal action, which…
Summation of all recorded transfers, conveyances, legal proce…
Provision in a real estate financing instrument allowing the…
Abandonment
Giving up possession or ownership of property by not using it…
Abstract of judgment
Document that summarizes the result of a legal action, which…
California Real Estate Terminology
Abate of Nuisance
Absolute Ownership
Abstract of Title
Acceleration Clause
Extraction or termination of a nuisance
see fee simple absolute
A compilation of the recorded documents which relate to a par…
Clause used in a mortgage or deed of trust, which gives the l…
Abate of Nuisance
Extraction or termination of a nuisance
Absolute Ownership
see fee simple absolute
62 terms
California Real Estate Definitions
Joint tenancy
Tenant in common
Severalty
VA loan
Ownership of real property by two or more persons each of who…
A form of ownership where two or more people hold title on th…
individual ownership of land.
A loan from Veterans Affairs; insures loans to people who hav…
Joint tenancy
Ownership of real property by two or more persons each of who…
Tenant in common
A form of ownership where two or more people hold title on th…
737 terms
California Real Estate Exam
Broker A receives two offers on Seller…
The two primary documents dealing with…
The term that best describes a continu…
The term real property can also be des…
Present both offers to the seller as soon as possible.
promissory note.
megalopolis.
the bundle of rights.
Broker A receives two offers on Seller…
Present both offers to the seller as soon as possible.
The two primary documents dealing with…
promissory note.
148 terms
California Real Estate LAW
The main historical influence on law i…
When one individual sues another, the…
The primary purpose of most civil laws…
A person who commits tort
English Law
a civil action
compensate a person who has been harmed
has violated the standards of reasonable conduct imposed by law
The main historical influence on law i…
English Law
When one individual sues another, the…
a civil action
31 terms
California real estate principles chapter 2
Abandonment
accession
actual notice
adverse possession
the intentional and voluntary relinquishment of any ownership…
the acquiring of additional property
it is notice that is actually and expressly given or implied
a method of acquiring title to real property through possessi…
Abandonment
the intentional and voluntary relinquishment of any ownership…
accession
the acquiring of additional property
California Real Estate Sales Person Exam Terms
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 the…
The acquisition of property by it being added to other proper…
The Process of gradual or imperceptible additions to land bor…
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 the…
81 terms
California Real Estate Principles
Ownership
Property Rights
BOR: Use
BOR: Possess
The basic element of real estate, owning real estate is consi…
The rights someone has in something and are collectively know…
The right to use property, within the law in any way, or for…
The right to live on the property and the right to keep other…
Ownership
The basic element of real estate, owning real estate is consi…
Property Rights
The rights someone has in something and are collectively know…
California Real Estate Principals
Counteroffer
Option
Optionor
Optionee
In a real estate transaction, a counteroffer is the rejection…
a contract to keep open, for a set period of time, an offer t…
The person who owns the property (seller, lessor)
The person who wants to purchase or lease (lessee) the property
Counteroffer
In a real estate transaction, a counteroffer is the rejection…
Option
a contract to keep open, for a set period of time, an offer t…
California Real Estate Exam Questions
Broker A receives two offers on Seller…
The two primary documents dealing with…
The term that best describes a continu…
The term real property can also be des…
Present both offers to the seller as soon as possible.
promissory note.
megalopolis.
the bundle of rights.
Broker A receives two offers on Seller…
Present both offers to the seller as soon as possible.
The two primary documents dealing with…
promissory note.
81 terms
California Real Estate Principles
Ownership
Property Rights
BOR: Use
BOR: Possess
The basic element of real estate, owning real estate is consi…
The rights someone has in something and are collectively know…
The right to use property, within the law in any way, or for…
The right to live on the property and the right to keep other…
Ownership
The basic element of real estate, owning real estate is consi…
Property Rights
The rights someone has in something and are collectively know…
100 terms
California Real Estate Exam Practice
Lillian is buying Julia's home in Mali…
In a general warranty deed, the implie…
Marcus wants to have the deed to his n…
In early common law, transfers of land…
Lillian is the grantee and Julia is the grantor. Julia is the…
A Covenant of Further Assurance
Acknowledgment
The transfer of land from father to son, upon the father's de…
Lillian is buying Julia's home in Mali…
Lillian is the grantee and Julia is the grantor. Julia is the…
In a general warranty deed, the implie…
A Covenant of Further Assurance
243 terms
California Real Estate Exam
The judge has just issued a decision f…
Bill the broker received a very high o…
Katrina had her license suspended for…
California licensing laws define which…
Dismiss the findings if the charges are not sustained at the…
Secret Profit
Sections 10176 and 10177 of Business and Professions Code
Real Estate Brokerage, Handling Trust Funds, Managing Escrow…
The judge has just issued a decision f…
Dismiss the findings if the charges are not sustained at the…
Bill the broker received a very high o…
Secret Profit
22 terms
California real estate principles chapter 1
Acre
admission date
airspace
base lines
in area of land that contains 43,560 sq. ft. 4840 sq yards
September 9, 1850 California became a state
the reasonable space above a parcel; or in a condominium, the…
imaginary East - West lines that intersect meridian lines to…
Acre
in area of land that contains 43,560 sq. ft. 4840 sq yards
admission date
September 9, 1850 California became a state
127 terms
California Real Estate Practices
Which of the following is NOT one of t…
Appreciation is:
When a purchaser of real estate places…
One of the most important decision-inf…
(A) liquidity
(B) the increase in value of a property over a holding period.
(D) leverage
(B) the tax implications
Which of the following is NOT one of t…
(A) liquidity
Appreciation is:
(B) the increase in value of a property over a holding period.
213 terms
California Real Estate Terminology
Ad Valorem
Adverse Possession
Agency
Agent
A method of taxation using the value of the real estate to de…
A method of acquiring title by possession under certain condi…
Any relationship in which one party (Agent) acts for or repre…
One who acts for and with authority from another called the p…
Ad Valorem
A method of taxation using the value of the real estate to de…
Adverse Possession
A method of acquiring title by possession under certain condi…
California Real Estate Practice
caravan
employee
goal setting
independent contractor
A group tour by a real estate office's sales agents to view l…
Someone who works as a direct employee of an employer and has…
A planning tool where agents establish, in writing, exact sho…
One who is retained to perform a certain act, but who is subj…
caravan
A group tour by a real estate office's sales agents to view l…
employee
Someone who works as a direct employee of an employer and has…
California Real Estate Exam
Injunction
Acceleration Clause
20K or 100K
Footing
An injunction is an order issued by the court directing a par…
An acceleration clause —or acceleration covenant— in the law…
Max compensation DRE will pay out of recovery account per tra…
Base or bottom of foundation wall, pier, or column.
Injunction
An injunction is an order issued by the court directing a par…
Acceleration Clause
An acceleration clause —or acceleration covenant— in the law…
California real estate. Finance
Under the California Veterans' Farm &…
If compensation is paid to a short sal…
The relationship between effective and…
Under TILA-RESPA, consummation of the…
Land contract
should be disclosed to all parties in the purchase agreements…
effective interest is what the buyer pays. Nominal interest i…
borrower becomes contractually obligated to the lender on the…
Under the California Veterans' Farm &…
Land contract
If compensation is paid to a short sal…
should be disclosed to all parties in the purchase agreements…
California real estate. Principals
1 The difference between an easement a…
Regarding liens which statement is inc…
What is created when a garage driveway…
4 Which statement is correct regarding…
A license may be canceled... Hint: A license is permission to u…
All encumbrances are liens is incorrect... Hint: All liens are…
An encroachment... Hint: Placing a permanent improvement, such…
Financial encumbrances affect the title... Hint: Encumbrances…
1 The difference between an easement a…
A license may be canceled... Hint: A license is permission to u…
Regarding liens which statement is inc…
All encumbrances are liens is incorrect... Hint: All liens are…
California Real Estate Exam
A title was recorded for a parcel of r…
Which contract would be the most diffi…
When a broker runs an advertisement, t…
Following in-house sales are true, exc…
D. A defect which may cause a cloud on the title
A. Land Contract
B. Name of the broker
B. The listing broker can act as a buyer's agent only
A title was recorded for a parcel of r…
D. A defect which may cause a cloud on the title
Which contract would be the most diffi…
A. Land Contract
Real Estate California
A metes and bounds description can det…
An easement may be created by
California's Real Estate Law treats a…
Southern California is generally measu…
Permiter
contract, implication of law, and an express grant
employee of the broker
San Bernardino
A metes and bounds description can det…
Permiter
An easement may be created by
contract, implication of law, and an express grant
198 terms
California Real Estate Practice Course
When must a licensee provide an agency…
What is the Real Estate Transfer Discl…
Agent Jim needs to do a visual inspect…
Why should agent Grace give her client…
- The listing agent must provide the disclosure to the seller…
It is a statement that describes the condition of the propert…
Structural defects, deterioration, water damage and insect da…
This book contains three booklets which meet the seller's and…
When must a licensee provide an agency…
- The listing agent must provide the disclosure to the seller…
What is the Real Estate Transfer Discl…
It is a statement that describes the condition of the propert…
737 terms
California Real Estate Exam
Broker A receives two offers on Seller…
The two primary documents dealing with…
The term that best describes a continu…
The term real property can also be des…
Present both offers to the seller as soon as possible.
promissory note.
megalopolis.
the bundle of rights.
Broker A receives two offers on Seller…
Present both offers to the seller as soon as possible.
The two primary documents dealing with…
promissory note.
38 terms
California Real Estate Exam
T. O. Lemon, a retired chief petty off…
In the sale of a residence where the b…
I. An easement in gross is usually use…
What does a buyer receive when buying…
eligibility from the VA.
an Interim Occupancy Agreement.
TRUE
Title in airspace and common interest in common areas.
T. O. Lemon, a retired chief petty off…
eligibility from the VA.
In the sale of a residence where the b…
an Interim Occupancy Agreement.
126 terms
California Real Estate Exam
I. Classes of property/ real estate an…
A. Real Estate
B. Personal Property... AKA?
C. Personal property can become real p…
...
Real estate includes land plus improvements plus appurtenance…
AKA=Chattel... 1) Everything that is not real estate; movable it…
1)Personal property becomes real property by attachment... 2) re…
I. Classes of property/ real estate an…
...
A. Real Estate
Real estate includes land plus improvements plus appurtenance…
California Real Estate Exam
In reference to Property Taxes, "basis…
How is a condominium unit owned?
How are common interests in a condo ow…
Subdivided Land Laws refer to
Purchase price of prop plus cost of improvements.
Separate interest
Equally in undivided interest
Subdivisions of 5+ parcels on 160 acres, regulated marketing…
In reference to Property Taxes, "basis…
Purchase price of prop plus cost of improvements.
How is a condominium unit owned?
Separate interest
737 terms
California Real Estate Exam Questions
Broker A receives two offers on Seller…
The two primary documents dealing with…
The term that best describes a continu…
The term real property can also be des…
Present both offers to the seller as soon as possible.
promissory note.
megalopolis.
the bundle of rights.
Broker A receives two offers on Seller…
Present both offers to the seller as soon as possible.
The two primary documents dealing with…
promissory note.
79 terms
California Real Estate EXam
Littoral Rights
Riparian Rights
Real Property
Personal Property
Apply to property bordering a stationary body of water
Apply to property bordering a flowing body of water
Land and improvements, all legal rights, powers, and privileg…
All property that is readily movable
Littoral Rights
Apply to property bordering a stationary body of water
Riparian Rights
Apply to property bordering a flowing body of water
680 terms
California Real Estate Principles Book: Terms
ALTA Owner's Policy
ALTA Title Policy
Absolute Fee-Simple Title
Abstract of Judgment
A residential owner's extended... coverage policy that provides…
An American Land Title Association-approved title policy. A t…
Title that is absolute and... unqualified. It is the best title…
A condensation (making) of the essential... provisions of a cour…
ALTA Owner's Policy
A residential owner's extended... coverage policy that provides…
ALTA Title Policy
An American Land Title Association-approved title policy. A t…
423 terms
California Real Estate Finance Vocabulary
Ability/Capacity to Pay
Acceleration Clause
Accrued Depreciation
Adjustable Rate Mortgage (ARM)
The position of a borrower relative to repaying a loan, based…
Clause in trust deed or mortgage giving a lender the right to…
The difference between the cost of replacement of building ne…
A loan pegged to an index; as the index goes up or down, the…
Ability/Capacity to Pay
The position of a borrower relative to repaying a loan, based…
Acceleration Clause
Clause in trust deed or mortgage giving a lender the right to…
20 terms
Real Estate Principles in California
Which of the following best describes…
Able gave to Baker a life estate based…
Leases on agricultural lands may not r…
Which of the following are not classif…
A bundle of rights
IN REVERSION - Able holds a future interest in the estate kno…
51 YEARS -per law leases on agricultural lands are limited to…
HARVESTED CROPS - Seasonal crops are personal property once t…
Which of the following best describes…
A bundle of rights
Able gave to Baker a life estate based…
IN REVERSION - Able holds a future interest in the estate kno…
70 terms
California California Real Estates Principles
CALBRE
Net Listing
RE 214
Fed Anti Discrimination Laws
California bureau of real estate
A real estate listing in which the seller is promised a set p…
Salesperson Change Application, within 5 days of transfer
Civil Rights Act of 1866, Executive Order 11063, Civil Rights…
CALBRE
California bureau of real estate
Net Listing
A real estate listing in which the seller is promised a set p…
33 terms
CALIFORNIA REAL ESTATE PRINCIPLES: Chapter 6
Assignment
Contract Rent
Economic Rent
Estate of Sufferance
A transfer of person's entire rights under a contract.
Rent paid under a lease; the actual rent as opposed to the ma…
The amount of rent expected if the property were currently av…
An estate arising when the tenant wrongfully holds over after…
Assignment
A transfer of person's entire rights under a contract.
Contract Rent
Rent paid under a lease; the actual rent as opposed to the ma…
38 terms
California Real Estate Principles Chapter 3
Encumbrance
Easement
Dominant Tenement
Servient Tenement
Anything that burdens the owner's title with a legal obligati…
"A right of way" to enter or use another person's property wi…
person who benefits from easement.
person who is imposed by easement.
Encumbrance
Anything that burdens the owner's title with a legal obligati…
Easement
"A right of way" to enter or use another person's property wi…
California Real Estate
associate licensee
blind advertising
broker-officer
bulk transfer of goods
a real estate salesperson or broker who works as the employee…
...
a licensed broker who is an officer of a brokerage that is se…
...
associate licensee
a real estate salesperson or broker who works as the employee…
blind advertising
...
41 terms
California Real Estate Principles Chapter 2
Range Lines
Township Line
Section
Quarter Section
Lines that run parallel to the principal meridians at six-mil…
Lines that run parallel to the principle base lines as six-mi…
640 Acres
160 Acres
Range Lines
Lines that run parallel to the principal meridians at six-mil…
Township Line
Lines that run parallel to the principle base lines as six-mi…
23 terms
California Real Estate Principles Chapter 14
Using the construction illustration in…
List the four conditions required in C…
As a real estate agent, you are attemp…
The ownership of a mobile home is tran…
Using the illustration in the book, starting with the ground…
The four conditions are as folllows: (1) must obtain a buildi…
Advantages of owning your own home include appreciation poten…
B:... Certificate of ownership
Using the construction illustration in…
Using the illustration in the book, starting with the ground…
List the four conditions required in C…
The four conditions are as folllows: (1) must obtain a buildi…
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