real estate
SETS
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…
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…
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…
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…
The rights of ownership of real propert…
An important characteristic of land is…
A man leases a store space to open a re…
A real estate professional sells proper…
Compatibility
Crops
At lease expiration, if the man does not remove them
the seller.
The rights of ownership of real propert…
Compatibility
An important characteristic of land is…
Crops
The earth's surface extending downward…
Movable objects, which are not consider…
The permanent right to use another's la…
The ownership of property by one person…
Real Estate
Personal Property
An Appurtenant Easement- an easement for adjacent properties o…
severalty
The earth's surface extending downward…
Real Estate
Movable objects, which are not consider…
Personal Property
A
B
B
D
A real estate license is required in Florida if one negotiates…
The secondary market and participants provide stability for ho…
Taxes and insurance, are often prepaid at closing to establish…
The Comparative Market Analysis (CMA) is a tool for licensees;…
A
A real estate license is required in Florida if one negotiates…
B
The secondary market and participants provide stability for ho…
Acre
Test for fixtures
Bill of sale
US Government Survey uses
4840 square yards; 43560 square feet
1. Relationship to parties... 2. Method of attachment... 3. Intent o…
Transfers title to personal property
Sections and Townships
Acre
4840 square yards; 43560 square feet
Test for fixtures
1. Relationship to parties... 2. Method of attachment... 3. Intent o…
At least that goes month to month is kn…
Madison Davidson negotiate it for a $30…
Typically a listing broker is usually c…
A section
an state from period to period
$225... 1st you take $30000 in multiply it by 9% for the total a…
a fiduciary (agent) of the seller.
[]A square normally 1 mile on a side.... []The Land Ordinance of…
At least that goes month to month is kn…
an state from period to period
Madison Davidson negotiate it for a $30…
$225... 1st you take $30000 in multiply it by 9% for the total a…
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
jolitaabTEACHER
real estate
Bundle of Rights
physical characteristics of land
Economic Characteristics of Land
air,water, land and everything affixed to it
Transfer, Exchange, Exclude, Use, Possess (TEE UP)
immobility, indestructibility, and heterogeneity
demand, utility, scarcity, transferability, situs (DUSTS)
real estate
air,water, land and everything affixed to it
Bundle of Rights
Transfer, Exchange, Exclude, Use, Possess (TEE UP)
In the appraisal process, looking at th…
Broker Austin represents a party in a t…
Which of the following types of propert…
Should a licensee who represents both t…
neighborhood analysis.
Hold the money until both parties (or their lawyers) provide a…
A three unit, multi-family dwelling
Yes, any defects known to the broker should have been disclose…
In the appraisal process, looking at th…
neighborhood analysis.
Broker Austin represents a party in a t…
Hold the money until both parties (or their lawyers) provide a…
A contract where one transaction depend…
A licensed real estate agent who acts o…
A listing given to any number of broker…
A person who has oral or written author…
Tie-in Arrangement
Tenant's Agent
Open Listing
Landlord's Agent
A contract where one transaction depend…
Tie-in Arrangement
A licensed real estate agent who acts o…
Tenant's Agent
How does a creditor who has obtained a…
The economic characteristics of land ar…
What lease would best suit couples need…
The land description T3N, R4W Principal…
Writ of Execution
Scarcity, location, and durability
Month-to-Month lease
Rectangular survey
How does a creditor who has obtained a…
Writ of Execution
The economic characteristics of land ar…
Scarcity, location, and durability
Unilateral Contract
Bilateral Contract
Client/Principal
Customer
Contract containing ONE promise given in exchange for completi…
Contract containing TWO promises. Example: A listing agreement…
A person who has entered into an agency relationship w/ a lice…
Any 3rd party w/ whom a licensee works
Unilateral Contract
Contract containing ONE promise given in exchange for completi…
Bilateral Contract
Contract containing TWO promises. Example: A listing agreement…
Freddie Mac is a(n)
Which agency guarantees that investors…
Fannie Mae currently buys loans at
Which of the following types of loans d…
Freddie Mac is a(n)
Ginnie Mae
an administered price.
Jumbo
Freddie Mac is a(n)
Freddie Mac is a(n)
Which agency guarantees that investors…
Ginnie Mae
Unilateral Contract
Bilateral Contract
Client/Principal
Customer
Contract containing ONE promise given in exchange for completi…
Contract containing TWO promises. Example: A listing agreement…
A person who has entered into an agency relationship w/ a lice…
Any 3rd party w/ whom a licensee works
Unilateral Contract
Contract containing ONE promise given in exchange for completi…
Bilateral Contract
Contract containing TWO promises. Example: A listing agreement…
The Transfer Disclosure Statement (TDS)…
To qualify for a real estate broker's l…
The appraisal principle of regression p…
An easement by prescription terminates…
C) Sales involving one-to four-family dwellings, except for sp…
D) a four-year college degree
A) lower value
C) 5 years.
The Transfer Disclosure Statement (TDS)…
C) Sales involving one-to four-family dwellings, except for sp…
To qualify for a real estate broker's l…
D) a four-year college degree
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 broker's supe…
state agency that approves and registers some out-of-state pro…
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 broker's supe…
1. Which feature below does not pertain…
2. What protects real estate owners fro…
3. An interest-only loan offers borrowe…
4. The effective exchange of informatio…
d. Shag carpets and marble countertops
b. Title insurance
a. fixed rates loans.
b. communication.
1. Which feature below does not pertain…
d. Shag carpets and marble countertops
2. What protects real estate owners fro…
b. Title insurance
House Sold and transaction closed
Comparative Market Analysis
According to Florida law, if the landlo…
The purpose of the Mortgage Insurance P…
Terminates an agency relationship where a broker represented a…
A tool for licensees. A CMA is not an appraisal - and should n…
15 days
protect the lender due to the low down payments made by FHA bo…
House Sold and transaction closed
Terminates an agency relationship where a broker represented a…
Comparative Market Analysis
A tool for licensees. A CMA is not an appraisal - and should n…
1. One of the elements of a valid contr…
2. What type of development combines th…
3. Which of the following causes real e…
4. A(n) _____ may be unilaterally termi…
a. buyer signs the counteroffer.
a. Common interest development
b. Demand is greater than supply
c. tenancy at will
1. One of the elements of a valid contr…
a. buyer signs the counteroffer.
2. What type of development combines th…
a. Common interest development
Agent
Blockbusting
Broker
Buyer Representation Agreement
the party authorized to conduct business on the principal's be…
the illegal practice of encouraging property owners to sell th…
an intermediary who brings together buyers and sellers, assist…
the legal agreement between a buyer and a broker hired to repr…
Agent
the party authorized to conduct business on the principal's be…
Blockbusting
the illegal practice of encouraging property owners to sell th…