An estate in real property: May exist along with other estates in the same property. An estate in real property may exist along with other estates in the same property. For example, one may hold a lease (less than freehold estate) in a property owned by another who holds a freehold es...
Undivided Interest 點擊卡片即可翻轉 👆 The interest of co-owners in which individual interest is indistinguishable. (Everyone owns part of the whole property.) 點擊卡片即可翻轉 👆 建立者 katherine_ferguson45 學生們也學習了 學習指南 Chapter 4 Quiz (Legal Aspects of Real Estate) ...
Real estate brokerage In the business of bringing together buyers and sellers of property. Licensed real estate sales associates perform real estate-related activities under the authority of a broker. Special purpose property One built for a specific purpose and having unique characteristics. Some types...
INTEREST OR VALUE THAT ONE HAS IN REAL ESTATE PROPERTY OVER AND ABOVE ANY LIENS AGAINST IT. Also ownership in property, determined by calculating the fair market value minus the amount of liens and encumbrance. FORECLOSURE A legal process to enforce a lien on a mortgage or deed of trust. Th...
A characteristic of real property; each piece of land, each building, and each house is a unique piece of real estate. Also called Uniqueness or Heterogeneity. Real Estate Cycles General swings in real estate activity, resulting in increasing or decreasing activity and property values, during diff...
Things that aren't real estate, including movable property like furniture or cars. Emblements Crops or plants that a farmer grows and can take when leaving the property, such as corn grown on rented land. Fixtures Things attached to a property that usually stay with it, like kitchen sinks ...
Estudia con Quizlet y memoriza fichas que contengan términos como Usury is, A fiduciary is, The Federal Reserve is empowered to y muchos más.
用Quizlet學習並牢記包含*Law of Contracts* 1. Which of the following practices could be considered practicing law by a real estate broker for the sale or lease of real property? A. Use of a form prepared by the broker's company B. Use of a form prepared b
Types of Ownership - Real Estate and the Appraisal 1. Indiv. Ownership - Called 2. Separate or Severalty 3. Co-Ownership - Tow or more people own the same real estate a. Tenancy in Common (TIC) - 2 takes title different percentage of title. Transfer ownership by gift or sale or by ...
A latin phrase meaning according to value; is usually used in connection with real estate taxation. Ajustable Rate Mortgage A mortgage note that allows a lender to adjust the interest rate at periodic intervals. The rate change is most commonly limited to the movement of a published interest rat...