Acronyms to Know for Real Estate Exam Flashcards

Acronyms to Know for Real Estate Exam Flashcards What does the acronym UPTEE stand for?Use: usePossess: haveTransfer: sellExclude: keep people

outEncumber: limit the useBundle of Rights

What does the acronym MARIA stand for?MethodAdaptabilityRelationIntentionAgreementTest for fixtures. What could be personal property but is now considered real property included with the land.What does the acronym STUD or DUST stand for? ScarcityTransferabilityUtilityDemandEssential elements of value.What does the acronym TTIP stand for?TimeTitleInterestPossessionRequirements for joint tenancy.What does the acronym CLOC stand for?Capable partiesLawful objectOffer and acceptanceConsiderationEssentials for a valid contract.Writing is only an essential for the transfer of real estate.What does the acronym OLD CAR stand for? What does the acronym OLD CAR stand for?ObedienceLoyaltyDisclosureConfidentialityAccountingR esponsibilityEssentials for agency.