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Real Estate Acronyms
Real Estate Basics: Acronyms
Acronym | Meaning |
---|---|
M.A.R.I.A. - Fixture test | Method Adaptability Relationship Intention Agreement |
P.E.T.E. - Government Powers | -Police power -Eminent domain -Taxation -Escheat |
T.T.I.P. - Joint Tenancy | Time. Title. Interest. Position. |
C.L.O.C. - Valid Contract | Competent. Legal use. Offer and acceptance. Consideration. |
S.T.U.D. - Elements of Value | Scarcity. Transferability. Utility. Demand. |
A.C.O.L.D. - Duties of a Fiduciary relationship | Accountable. Care and Skill. Obedience. Loyal. Disclose all information. |
D.U.P.E. - Bundle of Rights | Disposition. Use. Possession. Exclusion. |
A.A.I.D. - Steps of Advertising | Attention. Action. Interest. Desire. |
C.H.A.O. - Adverse Possession | Continuous use. Hostile. Actual and exclusive. Open and notorious. |