Real Estate Acronyms Flashcards UPTEEUse, possession, transfer, exclusion, and encumber (Bundle of rights).OLD CARObedience, Loyalty, Disclosure, Confidentiality, Accounting, and Responsibility (Essentials of agency).TTIPTime, Title, Interest, and Possession (Essential requirements of joint tenancy).STUDScarcity, Transferability, Utility, Demand (Four essential elements of value).CLOCCapable parties, lawful object, offer and acceptance, and consideration (Four essentials of valid contact).MARIAMethod, Adaptability, Relationship, Intention, Agreement (Test for fixture).