| |
| Immovable |
| Moveable |
| Mooveable |
| Immovable (chandelier ) |
| Business (personal propert= dental chair) |
| River (moving body of water) |
| Runs with land |
| NO fixed duration of ownership |
| Highest possible ownership |
| Possesses the property under conditions (no alcohol) |
| Ownership for persons life time |
| Limited period of time (lease) |
| Fixed period of time. Example( 6 months or July 3rd to sept 8th |
| Dead beat tenant |
| End any time |
| Month to month |
| Landlord pays taxes an insurance |
| Percentage of gross reciepts |
| Pays taxes insurance maintnance |
| Ownership |
| Sole ownership |
| More than one owner |
| Husband an wife |
| Limitations example a lien |
| Voluntary |
| Work done an you don't pay |
| Zoning r3 multifamily building codes an rent control |
| Exception |
| Commercial to residentail |
| None conforming |
| Tress pass (roach) physically intrudes |
| Money |
| Taxes |
| Mortage |
| Pending lawsuit |
| Court ordered to STOP |
| Title is not clear |
| Takes property for public use ( utilities, rail road, highways) |
| Compensation |
| Suing gov for compensation |
| Die no will gov takes |
| Additional land |
| Tearing away land |
| Gradual session of water level permanent land uncovered |
| No will |
| Will |
| Evidence of transfer( receipt) |
| Title |
| Should have known |
| History of ownership (title insurance) |
| Summary |
| Neutral (middle man) |
| Goes with person |
| Taxes an insurance |
| Without intention |
| Mixture of money |
| 1-4 residential kick backs |
| Voluntary vacates the property |
| Possession but not responsibility |
| Buyer |
| Panic selling an panic peddling (selling) |
| Capable, mutual consent, consideration an legal |
| Duress |
| Promise for. Promise (listing agreement) |
| Promise for an act (option contract) |
| Completely preformed |
| Fixture | |
| Appurtenance | |
| Fee simple defeasible | |
| Life estate | |
| Specific lien | |
| Executed contract | |
| Writing |
| Time frame |
| Stop |
| New contract |
| Bilateral employment contract
Employer is seller
Broker finds buyer
It's a type of exclusive agency |
| 1 broker but owner can sell |
| No need to prove get paid no matter what |
| Illegal conflict of interest |
| Who ever brings buyer gets paid |
| Sell happens after time there's a protection period of time |
| Anything of value |
| Exageration |
| Intention |
| Without knowledge |
| STUD
S=scarcity
T=transferability
U=utility
D= demand |
| 1+1=3 |
| Comparison approach |
| Cost to replace |
| Based on percentage of gross reciepts |
| Tenant pays taxes insurance and maintenance |
| Tenant pays fixed amount |
| Primary party is leader and a lessor |
| Height of building, set back, density, floor area ratio, buffers, buffer zones an variance. |
| Addresses incompatible, best use, livability an property value(local gov) no fed zoning laws |
| Closer together room for parks |
| Any use higher or lower |
| Combines complementary use residential an commercial |
| Only one type of land |
| Specific property (REZONE) |
| No longer permitted (grandfathered in) |
| Temporary halt on development |
| Safety clause |
| Work separately, isolated dense are an it's not pedestrian friendly |
| Work together, better planned area mix of use an pedestrian friendly |
| (Form based) unpaid volunteers, has final authority over subdivision plat approval- site plan approval- sign control |
| Reports to planning board (paid) |
| Population, Area economic base, existing land use, physiolography, recreation an community an thoroughfare |
| Continuing education |
| Is not exempt from pre licensing course 2 an post license |
| Regulate an enforce license laws |
| Putting clients first |
| Property an land |
| Duration of time |
| Set back, density, floor area ratio, buffer, buffer zone, down zoning an varience |
| Subdivision restricting number of houses per acre |
| Ratio of sq footage to land area. The floor area ratio can be used in zoning to limit the amount of construction in certain area. |
| Fence wall row of trees separating properties |
| Space of land between two use district. ex parks playground highway |
| Commercial to residential |
| Exception granted from zoning rule ex oddly shaped house |
| fulfilling a loan |
| Debt goes up not covering interest |
| Large payment due at the end |
| Loaned money |
| interest only |
| Insure lenders |
| 36 sections |
| Clause in a mortgage is activated when paid in full |
| Runs north an south |
| East an west |
| 5280 ft |
| 3ft |
| 9 sqft |
| 27 cubic ft |
| 1728 12x12x12 |
| Read description backwards, townships measure 6 miles x 6 6x6=36 sq miles. 36 sections each section 1 square mile also each section has an area of 640 acres |
| 1 sales comparison approach
2 cost-depreciation approach
3 income |
| Physics deterioration
Functional obsolescence
External obsolescence |
| Most accurate method to describe both regular an irregular shaped parcels. Begin an end with starting point called point of beginning |
| Direction |
| Real property | |
| Free hold | |
| Net lease | |
| Liens | |
| General lien | |
| Intestate | |
