Busy. Please wait.

show password
Forgot Password?

Don't have an account?  Sign up 

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.
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.
Don't know
remaining cards
To flip the current card, click it or press the Spacebar key.  To move the current card to one of the three colored boxes, click on the box.  You may also press the UP ARROW key to move the card to the "Know" box, the DOWN ARROW key to move the card to the "Don't know" box, or the RIGHT ARROW key to move the card to the Remaining box.  You may also click on the card displayed in any of the three boxes to bring that card back to the center.

Pass complete!

"Know" box contains:
Time elapsed:
restart all cards
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 I

Terms & Definitions I

Implied Agency The agency that results by deduction or inference as opposed to an expressed (verbal or written) relationship.
Implied Contract A contract where the agreement of the parties is demonstrated by their acts and conduct, and not by their words, or written agreements.
Impound Account A trust account established to collect funds, for the future needs of a parcel of real estate. Banks often establish impound accounts for taxes, and insurance fees.
Impound Payment A periodic payment into an impound account.
Improvements Additions to real property, that are intended to increase value (more than maintenance or repair).
Imputed Interest Interest assigned by law, when a contract does not state a specific rate.
Imputed Notice Knowledge by an agent, that is binding on the principal due to the principal-agent relationship, even though the principal does not have first hand knowledge. EXAMPLE: Notice under a purchase and sales agreement requirement.
Income Approach Appraisal Technique that uses the amount of net income property, will produce over its useful life to determine value. The net income (gross income less expenses) is divided by a capitalization rate determined by experience, to determine value.
Incorporeal Intangible or non-possessory rights in real estate. No physical substance. EXAMPLE: A right of way.
Increasing Return Concept in appraisal, that holds some improvements to real estate increased value, by more than the amount invested.
Independent Contractor One who is employed to perform an act but isn't controlled as to how they accomplish the objective. An independent contractor isn't an employee and as such in real estate brokerage the principal (broker) doesn't have to withhold taxes and Social Security.
Index Lease A lease that provides for an adjustment in rent based on changes to some index, such as the consumer price index.
Installment Contract Contact for real estate where the buyer occupies the property during a period, while making payments and receives a deed, when all payments are complete.
Intangible Having no physical or material being. EXAMPLE: A right of way.
Intestate Property owner dies without a will, or with a will that is defective. Property changes ownership through the state laws of descent.
Involuntary Alienation Transfer of ownership against the owners will as in a foreclosure.
Created by: sunaecm4