Save
Busy. Please wait.
Log in with Clever
or
show password
Forgot Password?
Don't have an account?  Sign up 
Sign up using Clever
or
Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account. Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't Know
Remaining cards (0)
Know
0:00
edit
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

Ch. 15

Vocab: Real Estate Management

TermDefinition
Americans with Disabilities Act (ADA) A federal law protecting the rights of individuals with physical or mental impairments.
Commingling To mix the money or property of others by an agent with the agent's personal or business funds or other property.
Conversion Unauthorized appropriation of ownership rights over goods/ property belonging to another; also altering 1 form of prop. to another (changing leasehold apart. build. to freehold condo. ownership). Act that interferes w/ owner's right of possession to prop
Management Plan A long-range program prepared by a property manager for the management of a property.
Management Proposal A program for operating a property submitted to the owner by a property manager.
Operating Budget A yearly budget of income and expense for a particular property prepared by a property manager.
Property Management Comprehensive, orderly, continuing program analyzing all investment aspects of a property and coordinating the leasing and maintenance of the property to ensure a financially successful project.
Property Management Agreement Employment contract setting up agency relationship between prop. owner & real estate agent that gives agent job of managing the prop., including negotiating, leasing, repairing & maintaining the property, collecting rents, & accounting for funds.
Property Management Report A periodic financial report prepared by a property manager for the owner.
Property Manager One who manages properties for an owner(s) as the owner's agent.
Stabilized Budget A forecast of income and expense as may be reasonably projected over a short term of years, typically five years.
Resident Manager A person employed to manage a building who lives on the premises.
Trust Account An account maintained by a real estate broker in an insured bank for the deposit of other people's money. Also called escrow account.
Commercial Property Property producing rental income or used in business.
Operating Statement A report of receipts and disbursements in evidence of net income of rental property.
Tax Shelter A method of tax avoidance such as protecting income from taxation by allowable depreciation.
Vacancy Rate A projected rate of the percentage of rental unit vacancies that will occur in a given year.
Created by: laurenk1996
Popular Real Estate sets

 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
Retries:
restart all cards