Real Estate Final

real estate refers to

seller of property is typically known as

fullest and most complete set of ownership rights one can possess in real property

all property acquired during a marriage, either real or personal is considered propety of the marital community

a utility company with the right to lay electric lines has an:

liens are best described as

burdened land in an easement appurtenant is

deed used to transfer any interest a grantor may or may not have in a property without implying that the grantor has a valid interest to convey

a contract is

the value of property today is the present value of the sum of anticipated future benefits

the sales price divided by the concract rental rate

the borrower in a mortgage agreement

lender in a mortgage arrangement is

government takes private property but fails to pay the jsut compensation

design to control the use of properties in the entire municipality, or at least in a large portion of it

the most widely used method of regulating the use of land

key difference between emninent domain and police power is

legal document used to transfer ownership rights

any kind of promise or contract

lessee pays operating expenses, insurance premiums, and real estate taxes

Right to unimpaired use and enjoyment of property

what represents and exchange of promises

Good or clear title, reasonably free from the risk of litigation over possible defects.

title examination includes

compilation of all recorded documents that affect a given piece of real estate

listing agreement defines the relationship between

this is when a single broker represents the buyer and the seller

An untrue statement, whether unintentional or deliberate. It may be a form of nondisclosure where there is a duty to disclose or the planned creation of a false appearance. Where there is misrepresentation of Material Fact the person injured may sue for Damages or Rescind the Contract.

a group of private databases which allows real estate brokers representing sellers under a listing contract to widely share information about properties with real estate brokers who may represent potential buyers or wish to cooperate with a seller's broker in finding a buyer for the property

buyer's agent owes a prospective seller

one of the least common types of listings

name of illegal practice of showing minority buyers

stimating the value of a property by comparing it to similar properties

th first step of the valuation process

final step of evaluation process

compares a subject property's characteristics with those of comparable properties which have recently sold in similar transactions

the primary difference between secured and secured loans is

this clause calls for all payments to be due immediately

key distinction between mortgages and deed of trust

right to redeem property after foreclosure sale

a contract between the buyer and a private seller of a property,

The gradual elimination of a liability, such as a mortgage, in regular payments over a specified period of time

main advantage of attached housing is

unit in a low-rise apartment complex that includes a substantial amount of open, usually landscaped ground

provides decision-makers information as to whether or not they can afford to do the project

shopping center anchored by a grocery store

primary market is abut 100,000 people who live or work within 30 minutes driving distance

4 types of shopping centers

most important consideration in the selection of a shopping center site

Houses built without space between them and with little or no yard

An attached home that is not a condominium

written deed must have the signature of the

difference between hotel and motel

use of money through various vehicles, or an individual's time and effort, to make more income or increase capital, or both