Study sets matching "real estate"
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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 property…
Loan amount divided by sale price or appraised value (whicheve…
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 property…
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 property…
Loan amount divided by sale price or appraised value (whicheve…
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 property…
Accession
Annexation
Real Property
Real Property - Bundle of Rights
Acquiring title to additions or improvements to real property…
The process of converting personal property into real property
includes both land and real estate includes the bundle of righ…
Right of Possession... Right to control the property (within law)…
Accession
Acquiring title to additions or improvements to real property…
Annexation
The process of converting personal property into real property
Shortfall of Funds
Irrevocable Assignment of Mortgage Proc…
Transfer Back Consideration Amount
Amortization Period
The difference between the cash balance payable by the purchas…
The mortgage that is being taken out to purchase the house sol…
$1.00 and other good and valuable consideration
Whole Life of the Loan
Shortfall of Funds
The difference between the cash balance payable by the purchas…
Irrevocable Assignment of Mortgage Proc…
The mortgage that is being taken out to purchase the house sol…
Alluvion
Avulsion
Appurtenance
balloon payment
Increase of soil along the bank of a body of water by natural…
The tearing or washing away of land along the bank of a body o…
anything affixed to or used with land for its benefit that is…
an installment payment on a promissory note much bigger than t…
Alluvion
Increase of soil along the bank of a body of water by natural…
Avulsion
The tearing or washing away of land along the bank of a body o…
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 property…
Loan amount divided by sale price or appraised value (whicheve…
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 property…
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 property…
Loan amount divided by sale price or appraised value (whicheve…
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 property…
Under the law of agency, a real estate…
When does a client enter into a fiducia…
The word improvement refers to:... street…
Which of the following is true with reg…
advertising
when they enter into a listing agreement.
all of the above... ... Explanation... Streets, sidewalks, sewers, and…
they are real property rights that may be sold separately from…
Under the law of agency, a real estate…
advertising
When does a client enter into a fiducia…
when they enter into a listing agreement.
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 property…
Loan amount divided by sale price or appraised value (whicheve…
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 property…
Realtor
Landlord
tenant
Deed
Someone who sells houses
Someone who owns a house or property that they rent to a tenant
A person who pays for the right to live in a residence owned b…
a paper that shows who owns a certain building or piece of land
Realtor
Someone who sells houses
Landlord
Someone who owns a house or property that they rent to a tenant
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 property…
Loan amount divided by sale price or appraised value (whicheve…
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 property…
Real Estate professionals provide exper…
Real Estate sale associates involved in…
Residential
Commercial
-Knowledge of property transfer... -Knowledge of market condition…
-Residential. ... -Commercial ... -Industrial... -Agricultural ... -Busine…
Residential sales associates should acquire a thorough underst…
To provide competent service to investors, real estate profess…
Real Estate professionals provide exper…
-Knowledge of property transfer... -Knowledge of market condition…
Real Estate sale associates involved in…
-Residential. ... -Commercial ... -Industrial... -Agricultural ... -Busine…
Real Estate
Real Property
Personal Property
Real Estate Characteristics (list of re…
Property of land and buildings.
Legal interests associated with ownership of the physical real…
All other moveable property such as cars, furniture, boats and…
- Fixed location... - Uniqueness ... - Interdependence of land used…
Real Estate
Property of land and buildings.
Real Property
Legal interests associated with ownership of the physical real…
Bundle of rights
Real property
Personal property
Riparian right
1. Possession: the right to occupy rent or keep others out ... 2.…
The right or interest a person has in land or anything attache…
Is movable property
The right of the landowner to the reasonable use of free flowi…
Bundle of rights
1. Possession: the right to occupy rent or keep others out ... 2.…
Real property
The right or interest a person has in land or anything attache…
5 covenants of warranty deed
Deed
Quit claim deeds
General Warranty Deeds
Covenant of season... Covenant against Encumbrances... Covenant of Q…
Must be in writing... Have a granting clause (intent of grantor m…
No promises
Makes all promises
5 covenants of warranty deed
Covenant of season... Covenant against Encumbrances... Covenant of Q…
Deed
Must be in writing... Have a granting clause (intent of grantor m…
laches
defeasance clause
acceleration clause
amortization
A legal doctrine that prevents seeking recourse from a court b…
A clause used in leases and mortgages that cancels a specified…
A contract clause giving the lender the right to declare the e…
the process of paying back a loan in equal monthly installments
laches
A legal doctrine that prevents seeking recourse from a court b…
defeasance clause
A clause used in leases and mortgages that cancels a specified…
Deficiency Judgment
statutory lien
______ lien has its roots in common law…
_______ lien is one entered with the pr…
Enables the lender to attach and foreclose a judgment lien on…
is one that arises out of specific law (otherwise known as sta…
equitable
voluntary
Deficiency Judgment
Enables the lender to attach and foreclose a judgment lien on…
statutory lien
is one that arises out of specific law (otherwise known as sta…
Broker
Broker Salesperson
Bureau of Subdivided Land Sales Control
Continuing Education
Individual licensed to charge the public for real estate servi…
Fully qualified broker who remains under another Brokers super…
State agency that approves and registers some out-of -state pr…
Classes required for license renewal
Broker
Individual licensed to charge the public for real estate servi…
Broker Salesperson
Fully qualified broker who remains under another Brokers super…
Tenancy for years
Life Estate
Periodic Tenancy
Defeasible Fee Simple Estate
Nothing to due with years. Leasehold estates. Definite beginni…
Freehold estates. Conventional and Pur Autre Vie (another's Li…
Grows out of established lease. Additional months on a lease.…
dependent on the occurrence of event. IE Cheeseman Park
Tenancy for years
Nothing to due with years. Leasehold estates. Definite beginni…
Life Estate
Freehold estates. Conventional and Pur Autre Vie (another's Li…
Encroachment
Encumbrance
Equal Credit Opportunity Act (ECOA)
Equity
An improvement that intrudes illegally on another's property
Anything that affects or limits the fee simple title to a prop…
A federal law that requires lenders and other creditors to mak…
A homeowner's financial interest in a property. Equity is the…
Encroachment
An improvement that intrudes illegally on another's property
Encumbrance
Anything that affects or limits the fee simple title to a prop…
Areas of real estate specialization
Types of real property
Factors affecting supply and demand of…
Legal tests of a fixture
Brokerage... Licesnsee... Appraisal... Home inspection... Property managam…
Residential... Commercial... Mixed use... Industrial... Agricultural... Speci…
Supply: labor force construction and material cost, government…
Method of annexation(permanance)- how permanent... Adaption to re…
Areas of real estate specialization
Brokerage... Licesnsee... Appraisal... Home inspection... Property managam…
Types of real property
Residential... Commercial... Mixed use... Industrial... Agricultural... Speci…