Day 1 Real Estate Vocabulary Flashcards

Day 1 Real Estate Vocabulary Flashcards STATUTE OF LIMITATIONS A federal or state statute setting the maximum time period during which a certain action can be brought or certain rights enforced. Lo...

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RESPA?AHUDBFCCCFDICDFTC

UNIT 14 EXAM Flashcards B)fees for settlement services performed. Information about the exact location and size of the property is obtained throughA)a survey.B)a title search.C)an agent's diligent ...

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RESPA: REAL ESTATE SETTLEMENT PROCEDURES...

RESPA: REAL ESTATE SETTLEMENT PROCEDURES ACT Flashcards RESPA and Regulation X Prohibitions: Sham Affiliated Business Arrangements HUD reported numerous complaints about the creation of sham affili...

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Federal Regulations Flashcards

Federal Regulations Flashcards RESPA Prohibitions Section 8: Kickbacks, fee-splitting, unearned fees prohibited (Cannot accept anything of value) Section 8 of RESPA prohibits anyone from giving or ...

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Ch. 3: RESPA Flashcards

Ch. 3: RESPA Flashcards exceptions to RESPA - loans on property of 25 acres or more- loans for business, commercial, or agricultural purposes- temporary construction loans- loans on vacant land- as...

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Area of a triangle Formula: Base x Heigh...

Real Estate Math Formulas Flashcards Area of a triangle Formula: (Base x Height) / 2Example:6' B x 10' H = 60 SF / 2 = 30 SF Beginning Depreciable basis Formula (Initial property value + Any capita...

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Chapter 2 Quiz Characteristics of Real P...

Chapter 2 Quiz Characteristics of Real Property Flashcards What describes items of a tenant's personal property that the tenant has temporarily affixed to a landlord's real property in order to con...

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Chapter 2 Characteristics of Real Proper...

Chapter 2 Characteristics of Real Property Flashcards What is a quick method of calculating the acreage of a parcel from its legal description? 1. Multiply the denominators of the fractional descri...

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Chapter 8 Physical Characteristics of Re...

Chapter 8 Physical Characteristics of Real Property Flashcards MARIA. Method of annexation Can the item be removed without causing severe damage to the property? Removing the kitchen cabinets would...

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Aceable Level 19 Flashcards

Aceable Level 19 Flashcards What term identifies an economic preference for a certain location? Situs is an economic (not geographic) preference for a particular location. Durability (or indestruct...

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infrastructure investment. This is an ex...

Unit 1: Characteristics of Real Estate Flashcards Jacob is a developer who purchased 78 acres and had it subdivided into half-acre lots. He decided to install sewer and underground electric for the...

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chapter 3 test Flashcards

chapter 3 test Flashcards The economic characteristics of property includesupply and financial cost.scarcity and uniqueness.demand and permanence of investment.scarcity and illiquidity. demand and ...

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