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Study sets matching "ga real estate real estate dynamics"

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Study sets matching "ga real estate real estate dynamics"

64 terms
GA Real Estate Dynamics-Agency
Principle/Client
Agent
Third party/customer
Agency Law
Authorize someone is to act on their behalf.
Acts on behalf.
Whom agent interacts.
Permission from principle to agent.
Principle/Client
Authorize someone is to act on their behalf.
Agent
Acts on behalf.
76 terms
GA Real Estate Dynamics-Government
Public Controls Affecting Land Use
Enabling Acts
Land Use Planning
Master Plan
Come through police power.
State passes this power along to local governing entities.
Organized effort to provide for the orderly growth and develo…
Serves as blueprint for future development.
Public Controls Affecting Land Use
Come through police power.
Enabling Acts
State passes this power along to local governing entities.
113 terms
GA real estate dynamics by Lindsey
When creating contracts, do they have…
Express contract
What is a valid contract?
Void contract
NO... Contracts can be either written or oral, however Statut…
Occurs when the parties communicate their intentions to each…
A contract must contain for essential legal elements. Compete…
Is not a contract at all and never was
When creating contracts, do they have…
NO... Contracts can be either written or oral, however Statut…
Express contract
Occurs when the parties communicate their intentions to each…
54 terms
GA Real Estate Dynamics- Contracts
Contracts
Statue of Frauds
Express Contracts
Implied Contracts
Occurs when two or more legally competent parties mutually ag…
Enforcement of contract.
are clearly communicated either written or verbally.
Created by your actions.
Contracts
Occurs when two or more legally competent parties mutually ag…
Statue of Frauds
Enforcement of contract.
67 terms
GA Real Estate Dynamics: Rights
Allodial System
Possession
Use or Control
Enjoyment
System that allows any individual who has the means can acqui…
Includes the right to occupy your property and to ingress or…
Includes making a profit from the land, removing objects from…
assurance against interference from others, or any nuisances…
Allodial System
System that allows any individual who has the means can acqui…
Possession
Includes the right to occupy your property and to ingress or…
29 terms
GA-Real Estate Dynamics - Lease
Lease
Lease fee estate
Tenant(lessee)
Non Freehold(leasehold Estate)
Contract between property owner and tenant.
Property owner,landlord (lesor) Reversionary Estate
Temporary right of exclusive possession of the property.
less than freehold interest
Lease
Contract between property owner and tenant.
Lease fee estate
Property owner,landlord (lesor) Reversionary Estate
18 terms
Real Estate Dynamics (GA) - Chapter 14
Alienation Clause
Acceleration Clause
Regulation Z
Purchase Money Mortgage
Allows the lender to demand the entire loan balance due when…
Mortgage loan provision which permits the lender to demand th…
Adopted by the Federal Reserve to implement the Truth-in-Lend…
A financing arrangement where the purchaser gives the seller…
Alienation Clause
Allows the lender to demand the entire loan balance due when…
Acceleration Clause
Mortgage loan provision which permits the lender to demand th…
29 terms
GA Real Estate Dynamics-Contract Practical Application
Response for Legal Advise
Rules for writing contract
Purchase and Sale Agreement
Offer Date
Consult a attorney
Form can be filled out on computer, pen.... N/A in any blank tha…
Buyer buys, Seller sell
Date offer initially filled out.
Response for Legal Advise
Consult a attorney
Rules for writing contract
Form can be filled out on computer, pen.... N/A in any blank tha…
46 terms
GA Real Estate License
Fidelity Insurance
errors and omissions insurance is
certificate of title
Grantee
Under Georgia license law, fidelity insurance is required of…
not required in GA
The written opinion of title identifying the fee owner of a p…
THE LENDER is the grantee, the party receiving the deed and a…
Fidelity Insurance
Under Georgia license law, fidelity insurance is required of…
errors and omissions insurance is
not required in GA
19 terms
GA real estate math
Linear measures
foot, linear foot, running foot, front…
Front foot/frontage/width
Depth
Defines length or depth. Called linear feet/running feet. Mea…
When those words r used, must determine TTL length of object.…
Number of units on frontage of lot. Normally street frontage/…
Length
Linear measures
Defines length or depth. Called linear feet/running feet. Mea…
foot, linear foot, running foot, front…
When those words r used, must determine TTL length of object.…
60 terms
Ga Real Estate Law
Real Property
Real Property
riparian rights
personal property
land and buildings erected on land, permanently attached to l…
vacant lots, crops, houses, gas stations ... , etc, minerals exi…
Owner's rights in land that borders on or includes a stream,…
Movable objects, not real property, sometimes called chattels…
Real Property
land and buildings erected on land, permanently attached to l…
Real Property
vacant lots, crops, houses, gas stations ... , etc, minerals exi…
24 terms
2014 Real Estate Dynamics
Property
distinguishing characteristic of perso…
Chattels
Chattels Personal
things plus the rights of ownership. property may be divided…
mobility
The items the seller can load into the van when moving after…
things such as cars, boats, furniture, clothes, stocks, money…
Property
things plus the rights of ownership. property may be divided…
distinguishing characteristic of perso…
mobility
144 terms
GA Real Estate Terms
Licensees
Real estate broker
Real estate salesperson
Sales associate
One who holds a license
One who acts as an agent for others in negotiating contracts…
A person employed by a broker to list, negotiate, sell, or le…
A salesperson or broker employed by a broker.
Licensees
One who holds a license
Real estate broker
One who acts as an agent for others in negotiating contracts…
228 terms
GA Real Estate Vocab
Acceleration Clause
Adjustable-rate mortgage(ARM)
adjustment date
amortization
a clause in your mortgage which allows the lender to demand p…
a mortgage in which the interest changes periodically, accord…
date the interest changes on an ARM
the loan payment consists of a portion which will be applied…
Acceleration Clause
a clause in your mortgage which allows the lender to demand p…
Adjustable-rate mortgage(ARM)
a mortgage in which the interest changes periodically, accord…
85 terms
GA Real Estate Finance
Federal Reserve Board
Discount Rates
Federal Reserve Requirements
U.S. Treasury Securities
Controls all nationally-chartered banks in the country as wel…
Indicates the cost of credit for member banks.... Increased rate…
Increased requirements result in... Less credit extended, Intere…
Buying treasury securities... Adds money to the economy = Rates…
Federal Reserve Board
Controls all nationally-chartered banks in the country as wel…
Discount Rates
Indicates the cost of credit for member banks.... Increased rate…
19 terms
GA real estate math
Linear measures
foot, linear foot, running foot, front…
Front foot/frontage/width
Depth
Defines length or depth. Called linear feet/running feet. Mea…
When those words r used, must determine TTL length of object.…
Number of units on frontage of lot. Normally street frontage/…
Length
Linear measures
Defines length or depth. Called linear feet/running feet. Mea…
foot, linear foot, running foot, front…
When those words r used, must determine TTL length of object.…
47 terms
GA Real Estate
Buffer Zone
Building Codes
Buyer Brokerage Agreement
CC&R's
A parcel of land which separates other land used for differen…
Regulations, either local or state, which set construction st…
The contract that creates an agency relationship between a br…
Covenants, conditions and restrictions which regulate the use…
Buffer Zone
A parcel of land which separates other land used for differen…
Building Codes
Regulations, either local or state, which set construction st…
102 terms
Ga prelicensure (real estate)
Broker
uniqueness
immobility
land
a person or company licensed to buy, sell, exchange, or lease…
no two parcels of real estate are alike, each occupies its ow…
property cant be relocated to satisfy demand where supply is…
earths surface extending downward to the center of the earth…
Broker
a person or company licensed to buy, sell, exchange, or lease…
uniqueness
no two parcels of real estate are alike, each occupies its ow…
8 terms
GA Real Estate EQUATIONS
Prepaid Interest
Property Tax
Mill Rate
Loan Amount
Daily Rate x # of Prorated Days = Prepaid Interest Prorate... Th…
Market Value x Assessment Rate = Assessment Value... Assessment…
# of Mills x .001 = Mill Rate... or... # of Mills divided by 1,000…
Sales Price x Loan to Value = Loan Amount... Sales Price - Loan…
Prepaid Interest
Daily Rate x # of Prorated Days = Prepaid Interest Prorate... Th…
Property Tax
Market Value x Assessment Rate = Assessment Value... Assessment…
316 terms
Real Estate
What does PETE stand for?
What is Escheat?
How is LTV calculated?
What is Eminent domain?
Police Power, Eminent Domain, Taxation, Escheat
Abandonment (dying with no will and no heirs with the propert…
Loan amount divided by sale price or appraised value (whichev…
It is the government taking private property for public good.
What does PETE stand for?
Police Power, Eminent Domain, Taxation, Escheat
What is Escheat?
Abandonment (dying with no will and no heirs with the propert…
39 terms
GA Real Estate Contracts
Contract (definition)
Forbearance (definition)
Parol (definiton)
Expressed Contract
An Agreement between two parties
An Agreement NOT to do something
Oral Contract
The intent of the parties is stated (expressed) in the contra…
Contract (definition)
An Agreement between two parties
Forbearance (definition)
An Agreement NOT to do something
45 terms
GA Real Estate TRANSFERS
Title
Grantor
Grantee
Deed
It is the right to ownership of the land; it represents the o…
Conveys property to a grantee.
Receives property from a grantor.
The instrument that conveys property from grantor to grantee.
Title
It is the right to ownership of the land; it represents the o…
Grantor
Conveys property to a grantee.
10 terms
GA Real Estate Commission
GA real estate commission
Regulatory powers
Judicial powers
Administrative powers
Has authority to: oversee licensing process, administer licen…
Enable the agency to pass specific regulations and rules to s…
Enable the commission to conduct hearings and investigations…
Enable commission to establish the staff organization, record…
GA real estate commission
Has authority to: oversee licensing process, administer licen…
Regulatory powers
Enable the agency to pass specific regulations and rules to s…
60 terms
Ga Real Estate Law
Real Property
Real Property
riparian rights
personal property
land and buildings erected on land, permanently attached to l…
vacant lots, crops, houses, gas stations ... , etc, minerals exi…
Owner's rights in land that borders on or includes a stream,…
Movable objects, not real property, sometimes called chattels…
Real Property
land and buildings erected on land, permanently attached to l…
Real Property
vacant lots, crops, houses, gas stations ... , etc, minerals exi…
60 terms
Ga Real Estate Law
Real Property
Real Property
riparian rights
personal property
land and buildings erected on land, permanently attached to l…
vacant lots, crops, houses, gas stations ... , etc, minerals exi…
Owner's rights in land that borders on or includes a stream,…
Movable objects, not real property, sometimes called chattels…
Real Property
land and buildings erected on land, permanently attached to l…
Real Property
vacant lots, crops, houses, gas stations ... , etc, minerals exi…
8 terms
GA Real Estate EQUATIONS
Prepaid Interest
Property Tax
Mill Rate
Loan Amount
Daily Rate times the number of Prorated Days = Prepaid Intere…
Market Value times the Assessment Rate = Assessment Value... As…
# of Mills times .001 = Mill Rate... or... # of Mills divided by 1,…
Sales Price x Loan to Value = Loan Amount... Sales Price - Loan…
Prepaid Interest
Daily Rate times the number of Prorated Days = Prepaid Intere…
Property Tax
Market Value times the Assessment Rate = Assessment Value... As…
45 terms
GA Real Estate GOVERNMENT
Estate in Land
Freehold Estate
Nonfreehold Estate
Fee Simple Defeasible
Defines the degree, quantity, nature, and extent of an owner'…
Lasts for an indeterminable length of time, such as for a lif…
Commonly referred to as a leasehold estate. It is an estate f…
A qualified fee estate that is subject to the occurrence or n…
Estate in Land
Defines the degree, quantity, nature, and extent of an owner'…
Freehold Estate
Lasts for an indeterminable length of time, such as for a lif…
16 terms
GA Real Estate Exam
eminent domain
fee estate
qualified fee estate
forbearance
right of the gov't to take private land for public use
is inheritable and lasts for an unlimited time
subject to limitations imposed by private individuals and the…
a contract that calls for something NOT to be done is called…
eminent domain
right of the gov't to take private land for public use
fee estate
is inheritable and lasts for an unlimited time
85 terms
GA Real Estate Finance
Federal Reserve Board
Discount Rates
Federal Reserve Requirements
U.S. Treasury Securities
Controls all nationally-chartered banks in the country as wel…
Indicates the cost of credit for member banks.... Increased rate…
Increased requirements result in... Less credit extended, Intere…
Buying treasury securities... Adds money to the economy = Rates…
Federal Reserve Board
Controls all nationally-chartered banks in the country as wel…
Discount Rates
Indicates the cost of credit for member banks.... Increased rate…
23 terms
GA Real Estate (Dearborn) Intro to Real Estate
Broker
Licensee
Residential
Commercial
A broker is a person or company licensed to buy, sell, exchan…
A person who has satisfied the requirements set forth by a li…
All property used for single-family or multifamily housing
Business property, including office space, shopping centers,…
Broker
A broker is a person or company licensed to buy, sell, exchan…
Licensee
A person who has satisfied the requirements set forth by a li…
58 terms
Real Estate Dynamics Chapter 3
Publicly Owned Real-Estate
Privately Owned Real-Estate
Severalty Ownership
Concurrent owners
Is held by federal, State, and or local government entities f…
real estate that may be held by one individual or entity or b…
when an estate is owned by one person or one corporation.
When two or more people simultaneously own rights in the same…
Publicly Owned Real-Estate
Is held by federal, State, and or local government entities f…
Privately Owned Real-Estate
real estate that may be held by one individual or entity or b…
38 terms
Real estate Dynamics Vocab
100% Commission Plan(Ch.6)
4-3-2-1 Rule(Ch.12)
Abatement(Ch.10)
Absolute Delivery(Ch.4)
A method of compensating salespeople where each salesperson p…
a method of estimating the value of lots with more than stand…
a decrease or reduction. A tenant might be entitled to ann ab…
A grantor's hand delivery of a deed of a deed to the grantee.
100% Commission Plan(Ch.6)
A method of compensating salespeople where each salesperson p…
4-3-2-1 Rule(Ch.12)
a method of estimating the value of lots with more than stand…
20 terms
GA Real Estate PROPERTY
Legal Description
Survey
Metes-and-Bounds Method
Point of Beginning (POB)
A detailed way of describing a parcel of land for documents s…
The process by which boundaries are measured by calculating t…
A method of land description that is the oldest found in the…
The designated place on the parcel at which the metes-and-bou…
Legal Description
A detailed way of describing a parcel of land for documents s…
Survey
The process by which boundaries are measured by calculating t…
66 terms
Real Estate Dynamics Chapter 1
Bundle of Rights
Property
Personal Property
Real Property
Interest rights for an owner to possess, enjoy, control, disp…
A specific object owned plus the rights of interest. Includes…
a.k.a. chattels. Items such as furniture, boats, cars, clothi…
Land and attachments on it. Includes legal rights and interes…
Bundle of Rights
Interest rights for an owner to possess, enjoy, control, disp…
Property
A specific object owned plus the rights of interest. Includes…
19 terms
Real Estate Dynamics Chapter 6
Universal Agent
General Agent
Listing Broker
Buyer's Broker
Has authority to perform any lawful act; authority without li…
One who has authority to bind his/her principal in a particul…
represents seller
represents buy
Universal Agent
Has authority to perform any lawful act; authority without li…
General Agent
One who has authority to bind his/her principal in a particul…
77 terms
Real Estate Dynamics Chapter 2
Allodial System
Feudal System
Bundle of Rights
Possession
A system in which individuals have the right to buy and sell…
An ancient system of land ownership. Under old English common…
All of the Rights a person can have in real property includin…
Exercising dominion or control of a property.] including the…
Allodial System
A system in which individuals have the right to buy and sell…
Feudal System
An ancient system of land ownership. Under old English common…
80 terms
Real Estate Dynamics Chapter 4
Alienation
Involuntary Alienation
Accession
Accretion
the legal transfer of title of ownership to another party wit…
the legal transfer of title of ownership to another party wit…
The acquisition of title by the owner of real property to tho…
The gradual build up of land through the action of wind and w…
Alienation
the legal transfer of title of ownership to another party wit…
Involuntary Alienation
the legal transfer of title of ownership to another party wit…
25 terms
Real Estate Dynamics Chapter 5
Directive Zoning
Incentive Zoning
Zoning designed to control population…
A property owner who feels the amount…
encourages highest and best use of land
Award-based
Bulk Zoning
The Tax Assessor
Directive Zoning
encourages highest and best use of land
Incentive Zoning
Award-based
17 terms
GA Real Estate OWNERSHIP
The four unities associated with joint…
A parcel of property was purchased by…
Three people are joint tenants with ri…
A man owns one of 20 units in fee simp…
Possession, interest, time, and title
Tenants in common
They remain as joint tenants
Condominium
The four unities associated with joint…
Possession, interest, time, and title
A parcel of property was purchased by…
Tenants in common
316 terms
Real Estate
What does PETE stand for?
What is Escheat?
How is LTV calculated?
What is Eminent domain?
Police Power, Eminent Domain, Taxation, Escheat
Abandonment (dying with no will and no heirs with the propert…
Loan amount divided by sale price or appraised value (whichev…
It is the government taking private property for public good.
What does PETE stand for?
Police Power, Eminent Domain, Taxation, Escheat
What is Escheat?
Abandonment (dying with no will and no heirs with the propert…
93 terms
MidTerm Vocab GIRE Real Estate Dynamics
100% Commission Plan
Abatement
Absolute Delivery
Abstract of Title
A method of compensating salespeople where each salesperson p…
decrease, reduction-A tenant might be entitiled to an abateme…
A grantor's hand delivery of a deed to the grantee.
The condensed history of a title to a particular parcel of re…
100% Commission Plan
A method of compensating salespeople where each salesperson p…
Abatement
decrease, reduction-A tenant might be entitiled to an abateme…
54 terms
Real Estate Dynamics Chapter 3
Publicly Owned Real-Estate
Privately Owned Real-Estate
Severalty Ownership
Concurrent Ownership
Is held by federal, State, and or local government entities f…
real estate that may be held by one individual or entity or b…
when an estate is owned by one person or one corporation.
When two or more people simultaneously own rights in the same…
Publicly Owned Real-Estate
Is held by federal, State, and or local government entities f…
Privately Owned Real-Estate
real estate that may be held by one individual or entity or b…
Real Estate Dynamics Chapter 6
Principal / Client
Agent / Student
Brokerage
Agency Law
Authorizes another person or entity to act on their behalf.
Person engaged to act on behalf of another and the third part…
Under BRRETA means any individual or entity that has been iss…
Body of common law that surrounds the situation when the prin…
Principal / Client
Authorizes another person or entity to act on their behalf.
Agent / Student
Person engaged to act on behalf of another and the third part…
Real Estate Dynamics- CH. 2
Allodial System
Feudal System
Bundle of Rights
Encumbrances
-A system of land ownership that replaced feudal system (king…
All land ownership is vested in the govt (king), not the indi…
-Property rights that go with private ownership... -Include poss…
External limitations that restrict an owner's rights, use of…
Allodial System
-A system of land ownership that replaced feudal system (king…
Feudal System
All land ownership is vested in the govt (king), not the indi…
53 terms
Real Estate Dynamics CH1
Property
Personal property
Chattels personal
Chattels real
The item and rights and interest
Moveable aka:Chattel
Movable items ... Cars, boats, furniture, clothes, sticks, money
Extends to owner an interet in real property. ... Leases, mortga…
Property
The item and rights and interest
Personal property
Moveable aka:Chattel
15 terms
Real Estate Dynamics Math - MIP
B - 249,900 x 97% = 242,403 Loan Amoun…
A - 179,000 x 97% = 173,630 Loan Amoun…
A - 89,800 X 97% = 87,106 Loan Amount.…
C - 129,400 x 97% = 125,518 Loan Amoun…
Calculate the Monthly MIP Amount for a property with a Sales…
Calculate the Monthly MIP Amount for a property with a Sales…
Calculate the Monthly MIP Amount for a property with a Sales…
Calculate the Monthly MIP Amount for a property with a Sales…
B - 249,900 x 97% = 242,403 Loan Amoun…
Calculate the Monthly MIP Amount for a property with a Sales…
A - 179,000 x 97% = 173,630 Loan Amoun…
Calculate the Monthly MIP Amount for a property with a Sales…
10 terms
Real estate
market price
furniture
rent
location
tržná cena
nábytok
nájom
poloha
market price
tržná cena
furniture
nábytok
Real Estate Dynamics Chapter 10
Mutual Agreement
Actual Eviction
Assignment
Certified Property Manager
Offer and Acceptance
Legal process to remove a tenant who holds over after the rig…
Lease provision of complete transfer of the tenant's remainin…
Professional designation for one who has met all the educatio…
Mutual Agreement
Offer and Acceptance
Actual Eviction
Legal process to remove a tenant who holds over after the rig…
338 terms
GA Real Estate Prep Vocab
Acceleration Clause
adjustable-rate mortgage (ARM)
Adjustment Date
amortization
A clause in your mortgage which allows the lender to demand p…
A mortgage in which the interest changes periodically , accor…
The date the interest rate changes on an adjustable-rate mort…
The loan payment consists of a portion which will be applied…
Acceleration Clause
A clause in your mortgage which allows the lender to demand p…
adjustable-rate mortgage (ARM)
A mortgage in which the interest changes periodically , accor…
39 terms
GA Real Estate Ch. 10
Abatement
Actual Eviction
Assignment
Certified Property Manager (CPM)
A decrease or reduction. A tenant might be entitled to an aba…
A legal process to remove a tenant who holds over after the r…
Relative to a lease, an assignment is a complete transfer of…
A professional designation for one who has met all the educat…
Abatement
A decrease or reduction. A tenant might be entitled to an aba…
Actual Eviction
A legal process to remove a tenant who holds over after the r…
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