Busy. Please wait.
Log in with Clever

show password
Forgot Password?

Don't have an account?  Sign up 
Sign up using Clever

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.
Didn't know it?
click below
Knew it?
click below
Don't Know
Remaining cards (0)
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

Ma Real Estate C-1

Terms & Definitions C-1

Capitalization Rate (Cap Rate) Comparison of value to net income, used by an appraiser in estimating value of income property (net income divided by value).
Capital Reserve A reserve fund set up by a condominium management association, to collect monies from unit owners, on a regular basis to finance future capital improvements. Not to be confused with operating reserve.
Care The part of the law of agency that requires, that the agent use his or her expertise in the principal's best interest.
Caveat Emptor A principal in law that means "let the buyer beware".
Certified Appraiser Professional appraisal designation under the Financial Institution's Reform, Recovery and Enforcement Act (FIRREA) requiring a specific amount of classroom hours of training, field experience and passing of state exams.
Certificate of Reasonable Value A document issued by the Veterans' Administration, which is based on an appraisal, and is intended to insure the veteran, that the price being paid for a piece of property is reasonable.
Certificate of Title Document issued by the land court under the "Torrens System" to verify the court decision and the property owner's title.
Chain of Title The history of ownership of each owner as grantor and grantee used in a title search, for a parcel of real property.
Change One of the economic variables to value in real estate appraisal, that recognizes that things are in a state of flux, and do not remain constant.
Chattel An article of tangible personal property (think chatting around the dining room table).
Chattel Personal A chattel (item of personal property) that is movable. EXAMPLE: furniture; bed, table, chairs.
Chattel Real A chattel (item of personal property) that is associated with a piece of real estate. EXAMPLE: A lease.
Client The one who has hired an agent to perform a service for a fee.
Codicil A supplement or addition to a will.
Commercial Easement in Gross An easement in gross that is of a business or commercial nature; not personal. EXAMPLE: Utility line.
Co-mingling of Funds To combine deposit funds received as an agent with broker's business or personal funds.
Common Areas In a condominium; all areas not owned as individual units, and therefore for the use and ownership of all owners and tenants.
Common Driveway A type of easement, where each of 2 abutters have the right to cross over the property of the other, to gain access to their property (usually a garage).
Comparable A recently sold or currently for sale parcel of real estate, that is similar to the subject property being appraised. Used as an indicator of value in a market comparison appraisal approach.
Comparative Market Analysis (CMA) An opinion of value derived by a market analysis by a licensed salesperson or broker.
Created by: sunaecm4
Popular Real Estate sets




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:
restart all cards