Real Estate Terms Word Scramble
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| Term | Definition |
| Wild Card | Ways an offer is terminated |
| SNI | State transfer taxes |
| PITT | Four unities of a joint tenancy |
| PET | Government restrictions |
| MALE | Conflicting demands settlement procedure |
| IRV | Income capitalization formula |
| IRMA | Test for fixtures |
| HOT CAN | Conditions for alienation by adverse possession |
| FHA | Federal Housing Administration |
| DUST | Characteristics of value |
| DUPE | Bundle of rights |
| DELL | Private restrictions |
| CPI | Consumer price index |
| COLIC | Elements of a valid real estate contract |
| CEDDING | Elements of a deed |
| CBS vs. CIA | Appraisal adjustments |
| A BAR SALE | Real estate services |
| Assignor | 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) |
| Assignee | person to whom a legal right is transferred (e.g., Fannie Mae buying mortgages and notes in the second mortgage market) |
| Grantor | party giving the deed that conveys title (e.g., seller in a sale contract) |
| Grantee | party receiving the deed and acquiring title (e.g., buyer in a sale contract) |
| Lessor | landlord who gives lease |
| Lessee | tenant who receives lease |
| Lienor | person who has a claim on another's property |
| Lienee | person whose property is subject to a claim or charge by another |
| Mortgagor | borrower who gives note and mortgage to obtain a loan |
| Mortgagee | lender who receives note and mortgage |
| Offeror | buyer making an offer to purchase |
| Offeree | seller receiving an offer to purchase, who accepts, counters, or rejects the offer |
| Optionor | owner who gives an option to a buyer |
| Optionee | buyer who receives an option contract |
| Vendor | seller in a sale contract |
| Vendee | buyer in a sale contract |
Created by:
1StellarStar
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