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

Real Est. Test #2

QuestionAnswer
REAL ESTATE MARKET ANALYSIS The study of whether when/where/how real estate improvements will or should be made.
EMINENT DOMAIN The governmental power to acquire private property for a public use without the landowner's consent via condemnation proceedings. Must be accompanied by just compensation.
POLICE POWER Used to justify zoning ordinanaces, building codes, and similar things intended to promote public welfare.
TAXATION
ESCHEAT When one dies without having distributed his property by a properly executed will and has no heirs the process by which the decendent's real estate is transferred to the state.
TITLE INSURANCE Protection against loss arising from problems connected to the title to your property.
REAL ESTATE SETTLEMENT PROCEDURES ACT (RESPA) Requires full disclosure of real estate closing costs; eliminates kickbacks; provides disclosure of all settlement costs; regulates how much escrow is required
LEASE Contract under which a lessee receives certain rights in property or possession, for a stated period of time in return for consideration paid to lessor.
ESSENTIALS OF A VALID LEASE Description of property, consideration, term of the lease, agreement of the parties, signed by the parties.
LEASEHOLD ESTATES: ESTATE FOR YEARS Terminates at a specific time
LEASEHOLD ESTATES: ESTATE FROM YEAR TO YEAR NO exact termination date but will end on annual anniversary.
LEASEHOLD ESTATES: MONTH TO MONTH
LEASEHOLD ESTATES: TENANCY AT WILL May terminate at any time (either by landlord or tenant)
LEASEHOLD ESTATES: TENANCY AT SUFFERANCE The situation where a tenant who lawfully took possession remains in possession, unlawfully, after the lease has ended.
GROSS LEASE Flat rental amount (apartments)
PERCENTAGE LEASE Based on % of sales (retail)
NET LEASE Tenant pays items such as taxes, insurance, and repairs
TRIPLE NET LEASES When a tenant/lessee has to pay all taxes, insurance, and maintenance in addition to fixed rent; also known as hell or high water lease.
GROUND LEASE Rented ground; a lessee can build/improve upon land but at the end of lease, all improvements would still belong to the landowner.
PROPERTY MANAGEMENT A contractual service which provides for complete operation, care, leasing and rent collection on an agency basis between a broker and a principal (marketing, selecting tenants, collecting rent); usually reports to an asset manager.
ASSET MANAGEMENT Deals with physical aspects, financing, or ownership structure of portfolio; managing portfolios, refinancing one or more properties, making recommendations for buying/selling properties...
ASSET MANAGEMENT SKILL SET asset pricing, financing, urban economics, investment analysis, appraisal analysis, property mgmt, MBA/Masters in Real Estate
PROPERTY MANAGEMENT DUTIES Marketing the property, selecting tenants, signing leases, collecting rent, repairing and maintaining property, communication with owners, maintaining tenant relationships.
BENEFITS OF RENTING High mobility, no management responsibility, no down payment needed, possibly no maintenance responsibility
BENEFITS OF OWNING Forced savings: largest single investment, tax shelter, potential capital appreciation (asset increasing in value), pride of ownership, tax shelter upon sale
MULTIPLE LISTING SERVICE A suite of services that enables brokers to: establish contractual offers of compensation, accumulates information to enable appraisals
USES OF TECHNOLOGY IN REAL ESTATE Listing properties, finding an agent, research, financing
Created by: 63204265
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