Real Estate Terminology
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
|
|
||||
|---|---|---|---|---|---|
| show | State regulated fund
used to pay purchasers of real estate
who have suffered a loss due to actions
or inactions of licensee.
🗑
|
||||
| Civil Rights Act of 1866 | show 🗑
|
||||
| show | Act that prohibits
discrimination against race, color, religion,
national origin, gender, familial status and handicap
in certainreal estate transactions
🗑
|
||||
| Sherman Anti-Trust Act of 1890 | show 🗑
|
||||
| Blind Ads | show 🗑
|
||||
| show | One who performs real estate activities
while employed by or associated
with a licensed real estate broker
🗑
|
||||
| show | One who supervises all activities of sales agents
and is liable for their actions.
🗑
|
||||
| show | Firm name or entity - not a person
🗑
|
||||
| show | A real estate broker
working for a designated broker
🗑
|
||||
| Referring Broker | show 🗑
|
||||
| show | Broker or Salesperson
🗑
|
||||
| show | Ratio of a mortgage principal
to the property appraised value
or its sales price, whichever is lower
🗑
|
||||
| show | Property that is pledged
as security for a debt
🗑
|
||||
| Equity | show 🗑
|
||||
| Promissory Note | show 🗑
|
||||
| Mortgage | show 🗑
|
||||
| show | In a mortgage,
the buyer or borrower
🗑
|
||||
| show | In a mortgage,
the lender
🗑
|
||||
| Assignment | show 🗑
|
||||
| show | In a deed of trust,
the borrower
🗑
|
||||
| show | Impartial third party
🗑
|
||||
| show | Lender
🗑
|
||||
| Interest | show 🗑
|
||||
| show | When a lender
charges an interest rate
above the legal limit
🗑
|
||||
| show | Fee charged
by the lender
for making the loan
🗑
|
||||
| Discount Point | show 🗑
|
||||
| Assumption | show 🗑
|
||||
| Conforming Loans | show 🗑
|
||||
| Non-Conforming Loans | show 🗑
|
||||
| show | Borrower must be shown the appraisal
and if not may withdraw from the sale penalty free
🗑
|
||||
| show | The right to ownership
🗑
|
||||
| Estate | show 🗑
|
||||
| show | Method of taking title
🗑
|
||||
| Leasehold | show 🗑
|
||||
| show | An estate in real property that could last an indefinite duration
🗑
|
||||
| show | Interest of ownership
that a wife has
in the real estate
of her deceased husband
🗑
|
||||
| show | Interest of ownership
that a husband has in the real estate
of his deceased wife
🗑
|
||||
| show | For the life of another
- Life estate contingent on
the life of someone
other than the grantee
🗑
|
||||
| show | Dies with no will
🗑
|
||||
| Judicial Partition | show 🗑
|
||||
| show | Real and personal property
owned solely by either spouse
before marriage
🗑
|
||||
| Community Property | show 🗑
|
||||
| show | When the interest of a property is equally divided
between
its surviving owners or remaining owner
🗑
|
||||
| show | Living Trust
🗑
|
||||
| Testamentary Trust | show 🗑
|
||||
| show | Express information or fact attained in a transaction
🗑
|
||||
| show | Created for regulating the relationship between landlord and tenant in residential leases
🗑
|
||||
| show | Knowledge that is implied
by the law
or legal notice
🗑
|
||||
| Parol Evidence Rule | show 🗑
|
||||
| show | Compensation amount predetermined and paid to an injured party
because of a contract breach
🗑
|
||||
| show | Reversion of property to the state or county
🗑
|
||||
| show | Formal declaration
made before an authorized officer
to confirm, a person has signed a document not under duress
🗑
|
||||
| show | Mutual agreement signed by the seller and buyer
to cancel the contract,
stating disposition of earnest money
🗑
|
||||
| Homestead | show 🗑
|
||||
| Laches | show 🗑
|
||||
| Conversion | show 🗑
|
||||
| show | Right to take back possession of a property if a lease ends
🗑
|
||||
| Inverse Condemnation | show 🗑
|
||||
| show | Right of the government to tax private property to pay for the costs of government and area improvements
🗑
|
||||
| show | According to Value
🗑
|
||||
| show | A specific levy for a definite purpose
such as adding curbs or sewers in a neighborhood
🗑
|
||||
| show | Landowner's right
to use available water
based on a government administered permit system
🗑
|
||||
| show | Permitted use of real property that no longer conforms to current zoning laws
🗑
|
||||
| show | Permit deviations from existing zoning laws
🗑
|
||||
| RESPA | show 🗑
|
||||
| show | When designated broker becomes ill or dies,
the broker that steps in to manage agents
🗑
|
||||
| show | Broker who assists another broker in a real estate transaction
🗑
|
||||
| Estoppel Certificate | show 🗑
|
||||
| show | The act of conveying ownership
🗑
|
||||
| Statute of Frauds | show 🗑
|
||||
| show | False statement of concealment of a fact
🗑
|
||||
| show | Landlord's legal right to seize a tenant's belongings for damages or rents
in arrears under court order
🗑
|
||||
| show | Land with 6 or more parcels of 36 acres
but less than 160 acres each
🗑
|
||||
| show | Land with 6 or more parcels
under 36 acres each
🗑
|
||||
| show | Area of 2 or more platted subdivisions with the same CC&R's
🗑
|
||||
| show | A recorded document indicating the sale price of the property and signed by the buyer and seller for tax purposes
🗑
|
||||
| Title Evidence | show 🗑
|
||||
| Abstract of Title | show 🗑
|
||||
| show | Real estate distributed by descent statutes after deceased owner died intestate
🗑
|
||||
| show | When the title company turns earnest money over to court due to a dispute between buyer and seller
🗑
|
||||
| Plottage | show 🗑
|
||||
| Assemblage | show 🗑
|
||||
| show | In a 24-mile-square parcel, there are 16 townships
🗑
|
||||
| show | Easement that is attached to the land and passes with the land
🗑
|
||||
| Agency | show 🗑
|
||||
| Attorney in Fact | show 🗑
|
Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
Created by:
1105578942
Popular Real Estate sets