real estate
SETS
Real Estate Apprasier
What factor primary affects supply in r…
Which factor most likely to influence d…
Specializations within real estate
a professional opinion of a property's market value based on e…
Governmental monetary policy
Wage levels and employment opportunities
property management, appraisal, financing, development
Real Estate Apprasier
a professional opinion of a property's market value based on e…
What factor primary affects supply in r…
Governmental monetary policy
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…
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…
MsOmsTEACHER
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…
CarlylandryTEACHER
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
mickeys21TEACHER
Margie listed her real estate for sale…
Mark has a permanent right of way acros…
Once a sales contract is signed, the bu…
In the event that it is necessary for l…
25 percent
easement appurtenant.
equitable title.
filing a suit for possession.
Margie listed her real estate for sale…
25 percent
Mark has a permanent right of way acros…
easement appurtenant.
servient tenement
dominant tenement
license
irrevocable license
A property burdened... by a license or... easement
The property... benefitting from an... easement on a servient... teneme…
The personal,... unassignable right... held by an individual... to the…
The right to enter and... use property when... the specific activity…
servient tenement
A property burdened... by a license or... easement
dominant tenement
The property... benefitting from an... easement on a servient... teneme…
Each cannot identify his/her respective…
Personal Property
Still Valid
real property taxes, mechanics lien and…
Five People hold undivided interest as tenants in common. Whic…
A lease agreement written for a definite period of time with p…
A corporation listed a property with a broker, and susequently…
A homestead offers NO protection against which of the follwoing
Each cannot identify his/her respective…
Five People hold undivided interest as tenants in common. Whic…
Personal Property
A lease agreement written for a definite period of time with p…
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…
Acceleration clause
Adjusted cost base
Agreement of purchase and sale
Amenities
Usually written into a mortgage to allow the lender to acceler…
The value of the real property established for tax purposes. I…
A written agreement between the owner and a purchaser for the…
Generally, those parts of the condominium or apartment buildin…
Acceleration clause
Usually written into a mortgage to allow the lender to acceler…
Adjusted cost base
The value of the real property established for tax purposes. I…
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…
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…
Leslie_ClausonTEACHER
The ability of the government to acquir…
When real property is conveyed to a par…
What is the most complete estate in rea…
What is an exaggerated term from a real…
Eminent Domain
Devise
Fee Simple
Puffing
The ability of the government to acquir…
Eminent Domain
When real property is conveyed to a par…
Devise
If a Seller is in default of the terms…
Complete this Clause. Inspection Object…
"MEC" in the Contract to Buy/Sell Real…
In reference to Exercise 1 Scenario, th…
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 Object…
in an "as is" condition, "where is" and "with all faults."
max % commission charged
Who Typically Pays Commission?
Real Property
Bundle of Rights
Negotiable
Seller
Immoveable
Possession,... Enjoyment,... Control,... disposition
max % commission charged
Negotiable
Who Typically Pays Commission?
Seller
Ariella_LivnatTEACHER
Margie listed her real estate for sale…
Mark has a permanent right of way acros…
Once a sales contract is signed, the bu…
In the event that it is necessary for l…
25 percent
easement appurtenant.
equitable title.
filing a suit for possession.
Margie listed her real estate for sale…
25 percent
Mark has a permanent right of way acros…
easement appurtenant.
Who needs a RE license?
Who is exempted for RE license?
Broker Status
Residential Unlicensed Can/ Can Not
"L.L.B.E.A.N.S" ... anyone who....... L- list... L- lease... B- buy, ... E-…
1. FSBO... 2. Cooperation, LCC, Partnership- entity... 3. W2 salarie…
Provisional Broker (BP):... -need additional post education... Full…
Who needs a RE license?
"L.L.B.E.A.N.S" ... anyone who....... L- list... L- lease... B- buy, ... E-…
Who is exempted for RE license?
1. FSBO... 2. Cooperation, LCC, Partnership- entity... 3. W2 salarie…
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…
Land, mineral, and air rights in the la…
Which of these is an example of an econ…
Another word for uniqueness is
All of these are included in the bundle…
Real Property
Scarcity
nonhomogeneity.
expansion.
Land, mineral, and air rights in the la…
Real Property
Which of these is an example of an econ…
Scarcity
aquifer
pertain
subdivision
distinguish
a body of permeable rock that can contain or transmit groundwa…
related
an area of land divided into plots for sale
recognize or treat (someone or something) as different
aquifer
a body of permeable rock that can contain or transmit groundwa…
pertain
related
Land
-or, -Ee
Two words to describe real estate
Landlord is... Tennant is
Everything above and below the ground
Givor- seller
Reality, land
Lessors Leesee
Land
Everything above and below the ground
-or, -Ee
Givor- seller