Real Estate Terms Definitions Flashcard...

Real Estate Terms & Definitions Flashcards Foreclosure The legal process by which a borrower in default under a mortgage is deprived of his or her interest in the mortgaged property. This usually i...

View study material

Principles of Real Estate 1 Vocabulary F...

Principles of Real Estate 1 Vocabulary Flashcards Fraud A misstatement made intentionally to deceive Air Rights May be sold/leased separately of tract Net Operating Income (NOI) The income projecte...

View study material

No will. Testate - No will. Testate PETE...

WI Real Estate Vocabulary Flashcards No will. Testate PETE: Police power, Escheat, Taxation, Eminent Domain.Police Powder A higher periodic rate for a shorter term than what was originally contract...

View study material

Maryland Real Estate Exam Vocabulary Fla...

Maryland Real Estate Exam Vocabulary Flashcards General Warranty Deed Guarantees clear title for the life of the property Appurtenance (a-pur-ten-nance) 'Runs with the Land'. A right associated wit...

View study material

VA Real Estate Glossary Terms Flashcards

VA Real Estate Glossary Terms Flashcards Collateral : Money or property pledged to a lender by a borrower as security for the payment of debt. Mortgagelenders minimize the risk of loaning money by ...

View study material

California Real Estate Exam Vocab 2024 F...

California Real Estate Exam Vocab 2024 Flashcards emblems annual crops produced by cultivation legally belonging to the tenant with the implied rate for its harvest. chattel mortgage a mortgage on ...

View study material

Intestate having made no legally valid w...

Real Estate Terms for MO Flashcards General Lien This type of lien affects all the property of a debtor, both real and personal, rather than a specific parcel of real property Grantor The person tr...

View study material

California Real Estate Terms Flashcards

California Real Estate Terms Flashcards General Partnership Partner personal assets are liable for debts of the business. They are liable jointly and severally. Master plan Drafted by planning comm...

View study material

greatest net income and thereby develop ...

Chapter 1: Basic Real Estate Concepts Vocabulary Flashcards Real Estate Land; a portion of the earth's surface extending downward to the center of the earth and upward infinitely into space, includ...

View study material

Key Terms North Carolina Real Estate Exa...

Key Terms North Carolina Real Estate Exam Flashcards easement by condemnation easement in which private property is taken for public use via eminent domain Planned unit development (PUD) a subdivis...

View study material

CA Real Estate Exam - VOCAB Flashcards

CA Real Estate Exam - VOCAB Flashcards above grade improvements improvements built above ground level Abandonment of homestead A legal document that proves a homestead was abandoned. An owner must ...

View study material

debt, not his or her proportional share....

Maryland Real Estate terms I-L Flashcards Jointly And Severally Liable When two or more individuals or entities are responsible for a debt or cost, each individual is responsible for the whole debt...

View study material