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Real Estate Terms

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
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Term
Definition
Wild Card   show
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show State transfer taxes  
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show Four unities of a joint tenancy  
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show Government restrictions  
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show Conflicting demands settlement procedure  
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show Income capitalization formula  
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IRMA   show
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HOT CAN   show
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FHA   show
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DUST   show
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show Bundle of rights  
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DELL   show
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show Consumer price index  
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show Elements of a valid real estate contract  
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show Elements of a deed  
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show Appraisal adjustments  
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show Real estate services  
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show person who transfers a legal right to another (e.g., mortgagee selling mortgages and notes; a buyer transferring rights to another person in a sale contract)  
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Assignee   show
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show party giving the deed that conveys title (e.g., seller in a sale contract)  
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show party receiving the deed and acquiring title (e.g., buyer in a sale contract)  
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Lessor   show
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show tenant who receives lease  
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Lienor   show
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Lienee   show
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show borrower who gives note and mortgage to obtain a loan  
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Mortgagee   show
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Offeror   show
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show seller receiving an offer to purchase, who accepts, counters, or rejects the offer  
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Optionor   show
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show buyer who receives an option contract  
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Vendor   show
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show buyer in a sale contract  
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Created by: 1StellarStar
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