Save
Busy. Please wait.
or

show password
Forgot Password?

Don't have an account?  Sign up 
or

Username is available taken
show password

why


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.
We do not share your email address with others. It is only used to allow you to reset your password. For details read 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
share
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 F

Terms & Definitions F

TermDefinition
Facilitator (Transactional Agent) An agent who assist the seller and buyer in reaching an agreement, but does not represent neither the seller or buyer in the transaction.
Federal Civil Rights Act-1866 The first of three major pieces of legislation, that affects fair housing and prohibits any discrimination, including housing, when that discrimination is based on race.
Federal Discount Rate The interest rate the Federal Reserve Bank charges it’s member banks.
Federal Fair Housing Act-1968 (Title VIII) Federal law know as Title VIII, that addresses discrimination in matters of housing including, protected classes, prohibited practices, new construction, financing, providing brokerage services and appraisal reports.
F. H. A. Mortgage A mortgage where the Federal Housing Administration (FHA) insures the bank against loss.
Fee Simple Absolute (Fee Simple) The highest form of estate; the holder possesses all of the rights possible, limited only by government rights and the rights of others. Also known as fee or fee simple.
Fee Simple on Condition Subsequent A condition in an estate where the duration cannot be determined from language in the deed, but depends on the grantor's choice to end the estate. Not automatic; requires action by the grantor.
Fee Simple Defeasible A fee simple estate subject to a specific condition. There are two types, Fee Simple Determinable and Fee Upon Condition Subsequent.
Fee Simple Determinable An estate in which the holder has a fee simple title, that ends upon the happening of a specific condition, that can be determined from the deed, and automatically ends when that specific condition takes place.
Fee Upon Condition Subsequent An estate in which the holder has a fee simple title, that ends upon the occurrence of a certain condition. The original grantor must take action to regain title; not automatic.
Fiduciary One who is in a position of trust and confidence.
Financial Institution's, Reform, Recovery and Enforcement Act (FIRREA) Federal legislation setting minimum standards each state must establish to regulate the real estate appraisal profession.
Fixture An article of personal property, that has become real property by being attached to the realty. EXAMPLE: A book shelf that has been screwed onto a wall.
Foreclosure The forced sale of a piece of real property by the lien holder, when the terms of the contract have not been met.
Freehold Estate An estate for an indefinite period of time (as compared to a Non-Freehold or Lease Estate).
Functional Obsolescence A loss in value due to outdated qualities, caused by age or poor design. May be curable such as outdated electric wiring, or incurable such as low ceiling height.
Created by: sunaecm4
 

 



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