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12 Cards in this Set
- Front
- Back
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Alligator |
A property with a negative cash flow. |
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Tax shelter |
Lowering the taxable income which lowers the income tax payable. |
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Federal interstate land sales for disclosure act |
Protects consumers from fraud and abuse in the sale or lease of unimproved lots by developers |
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Office of interstate land sales registration (OILSR) |
Handles investigations of violations and consumer complaints and processes registrations, exemption advisory opinions and requests |
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Appreciation |
The increase in the value or worth of property due to economic or related causes which may be either temporary or permanent |
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Depreciation |
Represents the decline in value of an asset due to functional or economic Obsolescence and physical deterioration |
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Cash flow |
Income that is generated from the rental and leasing of Real estate |
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Equity build up |
Forced savings account |
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Leverage |
The ability to buy real estate with a small down payment |
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Liquidity |
Able to be quickly turned into cash |
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Uniform land sales practice act |
The acts that provides that all subdivided land outside the state of South Carolina must be registered with the South Carolina real estate commission prior to being offered or advertised for sale in the state |
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Tax shelter |
The shielding of income or gain from payment of taxes. Relative to real estate, the amount by which taxable income is reduced by the depreciation |
