How can we help?

You can also find more resources in our Help Center.

Study sets matching "real estate"

Study sets
Classes
Users

Study sets matching "real estate"

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…
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…
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…
10 terms
Real estate
market price
furniture
rent
location
tržná cena
nábytok
nájom
poloha
market price
tržná cena
furniture
nábytok
19 terms
Real estate
accomodation
(affordable) housing
deposit
estate agent
zakwaterowanie
mieszkania, lokale (w rozsądnej cenie)
kaucja
agent nieruchomości, pośrednik
accomodation
zakwaterowanie
(affordable) housing
mieszkania, lokale (w rozsądnej cenie)
42 terms
Real estate
Rent
rent out
can I see the house?
I'm calling about
арендовать
сдавать
могу я посмотреть дом?
я звоню по поводу
Rent
арендовать
rent out
сдавать
10 terms
Real estate
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…
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
18 terms
Real Estate Math
Annual Taxes
Loan To Value Ratio (LTV)
Monthly Principle and Interest
Annual Interest
(Assessed Value ÷ 100) * Tax Rate
Loan Amount ÷ Sales Price or Appraised Value (Whichever is le…
Loan Amount/1000 * Mortgage Loan Factor
Loan Amount or Principal Balance * Interest %
Annual Taxes
(Assessed Value ÷ 100) * Tax Rate
Loan To Value Ratio (LTV)
Loan Amount ÷ Sales Price or Appraised Value (Whichever is le…
13 terms
Real Estate - Fair Housing
Civil Rights Act of 1866
Fair Housing Act
Familial Status
Housing for Older Persons Act (HOPA)
This law prohibits discrimination based on race in every prop…
The Civil Rights Act of 1968, the Housing and Community Devel…
The presence of one or more persons under the age of 18 livin…
Law repealing requirement that housing for those 55 and older…
Civil Rights Act of 1866
This law prohibits discrimination based on race in every prop…
Fair Housing Act
The Civil Rights Act of 1968, the Housing and Community Devel…
6 terms
Real Estate Finance #2
1. Activity in the real estate market…
2. When demand for housing exceeds the…
3. Real estate and business cycles con…
4. The highest point in a new business…
c: Real estate cycle
d. Seller's market
a. Four phases
c . Peak
1. Activity in the real estate market…
c: Real estate cycle
2. When demand for housing exceeds the…
d. Seller's market
38 terms
Real Estate
acceleration clause
accession
accretion
acknowledgement
clause in a mortgage that makes entire debt due at once if bo…
acquiring title or additions or improvements to real prop as…
increase of land due to erosion etc
formal declaration made before a notary
acceleration clause
clause in a mortgage that makes entire debt due at once if bo…
accession
acquiring title or additions or improvements to real prop as…
29 terms
Real Estate
Real Estate in a Portfolio
role of leverage in real estate
percentage lease (rent)
valuation approaches to real estate
-has both bond like and stock like characteristics... -leases ge…
-level of interest rates and debt availability affect real es…
-retail tenants are often required to pay additional rent onc…
-the cost approach, sales comparison approach, and income app…
Real Estate in a Portfolio
-has both bond like and stock like characteristics... -leases ge…
role of leverage in real estate
-level of interest rates and debt availability affect real es…
50 terms
Real Estate
Shortfall of Funds
Irrevocable Assignment of Mortgage Pro…
Transfer Back Consideration Amount
Amortization Period
The difference between the cash balance payable by the purcha…
The mortgage that is being taken out to purchase the house so…
$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 purcha…
Irrevocable Assignment of Mortgage Pro…
The mortgage that is being taken out to purchase the house so…
10 terms
Real Estate Finance #1
1. Which of the following means a rela…
2. An interest in real estate or real…
3. Which of the following is personal…
4. The highest legal form of property…
b. Fiduciary
d. Life estate
c. Chattel
b. Fee simple estate
1. Which of the following means a rela…
b. Fiduciary
2. An interest in real estate or real…
d. Life estate
151 terms
REAL ESTATE
Exclusive right to sell listing
Exclusive agency listing
Open listing
Net listing
In this agreement, the agent gets paid no matter who sells th…
Agents get paid in this type of agreement only if they sell t…
In this type of agreement, sellers have the right to use as m…
This type of agreement is illegal in some states. The agent g…
Exclusive right to sell listing
In this agreement, the agent gets paid no matter who sells th…
Exclusive agency listing
Agents get paid in this type of agreement only if they sell t…
189 terms
Real Estate
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 pro…
A federal law that requires lenders and other creditors to ma…
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 pro…
1,004 terms
real estate
Under the law of agency, a real estate…
When does a client enter into a fiduci…
The word improvement refers to:... stree…
Which of the following is true with re…
advertising
when they enter into a listing agreement.
all of the above... ... Explanation... Streets, sidewalks, sewers, an…
they are real property rights that may be sold separately fro…
Under the law of agency, a real estate…
advertising
When does a client enter into a fiduci…
when they enter into a listing agreement.
335 terms
Real Estate
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 rig…
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
Real estate
Defeasance clause
Exclusion clause
Exculpatory clause
Goodwill
Terms to avoid default
Entry
Borrower relieved of personal liability
Intangible asset
Defeasance clause
Terms to avoid default
Exclusion clause
Entry
1,004 terms
real estate
Under the law of agency, a real estate…
When does a client enter into a fiduci…
The word improvement refers to:... stree…
Which of the following is true with re…
advertising
when they enter into a listing agreement.
all of the above... ... Explanation... Streets, sidewalks, sewers, an…
they are real property rights that may be sold separately fro…
Under the law of agency, a real estate…
advertising
When does a client enter into a fiduci…
when they enter into a listing agreement.
121 terms
Real Estate
If a Seller is in default of the terms…
Complete this Clause. Inspection Objec…
"MEC" in the Contract to Buy/Sell Real…
In reference to Exercise 1 Scenario, t…
The buyer may cancel or sue for specific damages
in an "as is" condition, "where is" and "with all faults."
the date upon which both parties have signed the contract.
Lot 2, Block 4, Filing No 1, Maple Subdivision, CIty of Aurora
If a Seller is in default of the terms…
The buyer may cancel or sue for specific damages
Complete this Clause. Inspection Objec…
in an "as is" condition, "where is" and "with all faults."
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…
19 terms
REAL ESTATE
accommodation
affordable housing
deposit
estate agent
zakwaterowanie
mieszkania/lokale w rozsądnej cenie
kaucja
agent nieruchomościowy
accommodation
zakwaterowanie
affordable housing
mieszkania/lokale w rozsądnej cenie
36 terms
REAL ESTATE : real estate appraisal
cost approach
sales comparison approach
income approach
reconciliation
estimate value by adding land value to reproduction or replac…
estimate value by comparing it to actual sales of similar pro…
capital of annual net income expected to be made during rest…
final step in appraisal process; combines all 3 methods to ge…
cost approach
estimate value by adding land value to reproduction or replac…
sales comparison approach
estimate value by comparing it to actual sales of similar pro…
80 terms
Real Estate
Land, mineral, and air rights in the l…
Which of these is an example of an eco…
Another word for uniqueness is
All of these are included in the bundl…
Real Property
Scarcity
nonhomogeneity.
expansion.
Land, mineral, and air rights in the l…
Real Property
Which of these is an example of an eco…
Scarcity
104 terms
Real Estate Finance: Basics of Real Estate Finance
In order for a lender to actually make…
The parties with whom the real estate…
By obtaining the loan application and…
Loan Commitment or Pre-approval Letter
Application;... Underwriting;... Pre-disclosures;... Verification, tit…
-the loan officer who takes the application... -the loan process…
By obtaining the loan application and verifying the informati…
Issued when the lender has reviewed the buyer's credit histor…
In order for a lender to actually make…
Application;... Underwriting;... Pre-disclosures;... Verification, tit…
The parties with whom the real estate…
-the loan officer who takes the application... -the loan process…
66 terms
Real Estate
Property Management
Rental Agents
Agency Relationship
Null and void
A professional service by a person or company hired to mainta…
Rental agents typically find a tenant for property and collec…
If a transaction broker for the seller ---> transaction broke…
No longer exists
Property Management
A professional service by a person or company hired to mainta…
Rental Agents
Rental agents typically find a tenant for property and collec…
207 terms
real estate
What agency issues real estate licenses?
At what age can you become a real esta…
Do you need experience in the field to…
What is the min age to become a real e…
The New York State department of State (NYDOS), Division of L…
18
No
20
What agency issues real estate licenses?
The New York State department of State (NYDOS), Division of L…
At what age can you become a real esta…
18
645 terms
Key Real Estate Terms
1031 exchange
1099-S Reporting
abendum clause
acknowledgment
"under Internal Revenue Code section 1031, a tax-deferred exc…
"a report to be submitted on IRS Form 1099-S by escrow agents…
"a clause in a deed, usually following the granting clause an…
"a written declaration signed by a person before a duly autho…
1031 exchange
"under Internal Revenue Code section 1031, a tax-deferred exc…
1099-S Reporting
"a report to be submitted on IRS Form 1099-S by escrow agents…
Real Estate - Estates
FREEHOLD ESTATE
FEE SIMPLE
FEE SIMPLE DEFEASIBLE
LIFE ESTATE/PUR AUTRE VIE
Lasts for an indeterminable length of time.
The highest estate recognized by law.
An estate that is qualified because it is subject to the occu…
Based on the lifetime of the life tenant or someone else.
FREEHOLD ESTATE
Lasts for an indeterminable length of time.
FEE SIMPLE
The highest estate recognized by law.
100 terms
Real estate fundamentals
land
real estate
real property
subsurface rights
is the earth's surface extending downward to the center of th…
land at, above, and below the earth's surface, and all things…
the physical land or real estate plus the interests, benefits…
the rights to the natural resources lying below the earth's s…
land
is the earth's surface extending downward to the center of th…
real estate
land at, above, and below the earth's surface, and all things…
100 terms
Real estate fundamentals
land
real estate
real property
subsurface rights
is the earth's surface extending downward to the center of th…
land at, above, and below the earth's surface, and all things…
the physical land or real estate plus the interests, benefits…
the rights to the natural resources lying below the earth's s…
land
is the earth's surface extending downward to the center of th…
real estate
land at, above, and below the earth's surface, and all things…
24 terms
Real Estate Glossary 4
Habendum Clause
Heterogeneous (Uniqueness)
Homestead
Immobility
This clause is found in a DEED and begins with the words "to…
A physical characteristic of real estate referring to the fac…
Provides a protection against secured creditors. Will not all…
A physical characteristic of real estate referring to the fac…
Habendum Clause
This clause is found in a DEED and begins with the words "to…
Heterogeneous (Uniqueness)
A physical characteristic of real estate referring to the fac…
20 terms
Real Estate Glossary 3
FHA (Federal Housing Admin)
Fixed Rate Mortgage
Fixtures
Freddie Mac (Federal Home Loan Mortgag…
A federal agency that insures loans on real property made by…
A loan with the same rate of interest for the life of the loan.
An attached or affixed article of personal property. An artic…
A secondary market existing for the purchase and sale of conv…
FHA (Federal Housing Admin)
A federal agency that insures loans on real property made by…
Fixed Rate Mortgage
A loan with the same rate of interest for the life of the loan.
39 terms
Real Estate: Practice of Real Estate
Trust Account
Commingling
Conversion
Civil Rights Act of 1866
Purpose: To keep other people's money separate and identifiab…
Mixing other people's money with your own personal funds or c…
Improperly taking money that was entrusted to you for your ow…
Made racial discrimination illegal.... *NO EXEMPTIONS all housi…
Trust Account
Purpose: To keep other people's money separate and identifiab…
Commingling
Mixing other people's money with your own personal funds or c…
50 terms
Real Estate Definitions 2
Condominiums
Constructive Eviction
Contentious
Contract for Sale (Purchase Agreement…
An ownership wherein each owner owns free simple title to his…
A natural event that makes property uninhabitable
Inclined or showing an inclination to dispute or disagree eve…
A contract that has been accepted and signed by the seller (…
Condominiums
An ownership wherein each owner owns free simple title to his…
Constructive Eviction
A natural event that makes property uninhabitable
31 terms
Real Estate Glossary 7
Statue of Limitations
Statutory Redemption
Stigmatized Property
Sub-Agency
A law pertaining to the period of time within which certain a…
The borrower's right to redeem property after the foreclosure…
Property that has been involved with some undesirable event,…
A relationship whereby one brokerage "represents"the principl…
Statue of Limitations
A law pertaining to the period of time within which certain a…
Statutory Redemption
The borrower's right to redeem property after the foreclosure…
48 terms
Real Estate Vocab
Estate from Period to Period
Estate for years
Estate at sufferance
Estate at will
A leasehold estate that is automatically renewed for the same…
A leasehold estate with a definite end date; must be renegoti…
A tenancy created when one is in wrongful possession of real…
Possession of real estate belonging to another, with their pe…
Estate from Period to Period
A leasehold estate that is automatically renewed for the same…
Estate for years
A leasehold estate with a definite end date; must be renegoti…
18 terms
Real Estate
Rent
real estate agent
deposit
down payment
l'affitto (m.)
l'agente immobiliare (m. or f.)
la caparra
l'acconto (m.)
Rent
l'affitto (m.)
real estate agent
l'agente immobiliare (m. or f.)
140 terms
Florida Real Estate Exam
Owners that buy income properties as i…
a Value estimated based on resent sale…
A contractor is employed by an owner o…
When a contractor builds on his own la…
Absentee Owners
CMA -Comparative Market Analysis...
Custom Building
Speculative building
Owners that buy income properties as i…
Absentee Owners
a Value estimated based on resent sale…
CMA -Comparative Market Analysis...
23 terms
Real Estate
Compensentory Damages
Constructive Notice
Redlining
Executory Contract
Suing for everything you can get for the extent of losses.
Anything recorded in public records.
Fair housing violation
When you get into a contract but you are not done.
Compensentory Damages
Suing for everything you can get for the extent of losses.
Constructive Notice
Anything recorded in public records.
25 terms
Real Estate Glossary 5
Mechanics Lien
Mills
Mortgage Lien
Net Lease ("Single Net")
A lien filed when a workman does repair or construction work…
A mill is a term to describe a tax rate. A mill is equal to o…
A bank loan taken out to purchase property.
A lease in which the tenant pays rent, utilities, and some of…
Mechanics Lien
A lien filed when a workman does repair or construction work…
Mills
A mill is a term to describe a tax rate. A mill is equal to o…
13 terms
Real Estate - Fair Housing
Civil Rights Act of 1866
Fair Housing Act
Familial Status
Housing for Older Persons Act (HOPA)
This law prohibits discrimination based on race in every prop…
The Civil Rights Act of 1968, the Housing and Community Devel…
The presence of one or more persons under the age of 18 livin…
Law repealing requirement that housing for those 55 and older…
Civil Rights Act of 1866
This law prohibits discrimination based on race in every prop…
Fair Housing Act
The Civil Rights Act of 1968, the Housing and Community Devel…
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
Missouri Real Estate: Financing
title theory
lien theory
promissory note
hypothecation
a method of financing real property where the lender is under…
a process of pledging real property as security for the loan…
a pledge from the borrower to repay the loan within a certain…
the process of pledging property as a collateral or a collate…
title theory
a method of financing real property where the lender is under…
lien theory
a process of pledging real property as security for the loan…
157 terms
Real Estate
Appraiser
How many members are in real estate co…
Penalties for violating MRC license law
Qualifications for MRC
Person who is licensed to provide opinions of value or real e…
4 industry, 2 public
fine of up to 2,000, loss of compensation, revoc or suspensio…
industry member for at least 5 yrs... no professional/familial/b…
Appraiser
Person who is licensed to provide opinions of value or real e…
How many members are in real estate co…
4 industry, 2 public
29 terms
Real Estate 8: Valuation
situs
CMA (certified market analysis)
market analysis
"DUST"... demand... utility... scarcity... transfe…
location of the property
method for determining the value of property using comparison…
informal estimate of value
4 determinants of value
situs
location of the property
CMA (certified market analysis)
method for determining the value of property using comparison…
22 terms
Real Estate
Estate
Freehold Estate
Non freehold
Fee Simple absolute
Interest in that property - what is your relationship to it
Ownership
Leasehold
Best kind - highest form - unlimited do what you want
Estate
Interest in that property - what is your relationship to it
Freehold Estate
Ownership
194 terms
Real Estate
3 ways to use the term real estate
real estate as a tangible asset
real estate as a bundle of rights
what determines real estate values
1. as a tangible asset... 2. as an industry and profession... 3. as…
structures, improvements to the land, raw land
- exclusive possession of the real property... - use or enjoymen…
determined by interactions in user markets, capital markets,…
3 ways to use the term real estate
1. as a tangible asset... 2. as an industry and profession... 3. as…
real estate as a tangible asset
structures, improvements to the land, raw land
19 terms
Real estate
accomodation
(affordable) housing
deposit
estate agent
zakwaterowanie
mieszkania, lokale (w rozsądnej cenie)
kaucja
agent nieruchomości, pośrednik
accomodation
zakwaterowanie
(affordable) housing
mieszkania, lokale (w rozsądnej cenie)
1 of 10