Real Estate Prep
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
|
|
||||
|---|---|---|---|---|---|
| Property | show 🗑
|
||||
| Ownership | show 🗑
|
||||
| show | Ability to own land and pass it on to their heir
🗑
|
||||
| show | The Degree, Quantity and extent in one's interest in land
🗑
|
||||
| show | The Governments right to take land for the public good
🗑
|
||||
| Condemnation | show 🗑
|
||||
| show | The Right of the state to assume ownership of property when the owner dies without a valid will or it's abandon
🗑
|
||||
| Fixture | show 🗑
|
||||
| show | 1. Attachment
2. Adaptation
3. Agreement
🗑
|
||||
| Emblements | show 🗑
|
||||
| Appurtenance | show 🗑
|
||||
| Item of chattel | show 🗑
|
||||
| Chattel Real | show 🗑
|
||||
| show | Subject to limitations other than the government's rights
🗑
|
||||
| Life Estates | show 🗑
|
||||
| show | Personal property, also called a leasehold estate
🗑
|
||||
| Reversion Interest | show 🗑
|
||||
| show | Ownership by one person
🗑
|
||||
| show | Requires all Concurrent owners have the same possession, interest, time and title. PITTS
🗑
|
||||
| Community Property | show 🗑
|
||||
| show | The Form of concurrent ownership limited to spouses. Tenancy in Person
🗑
|
||||
| show | The Process of separating a concurrent ownership
🗑
|
||||
| Partition in Kind | show 🗑
|
||||
| show | 30% of the net estate
🗑
|
||||
| show | 25,000
🗑
|
||||
| Easement | show 🗑
|
||||
| Easement Apurtenant | show 🗑
|
||||
| Easement in Gross | show 🗑
|
||||
| Personal Easement | show 🗑
|
||||
| Private Grant | show 🗑
|
||||
| show | An Easement created by continuous, uninterrupted, hostile possession
🗑
|
||||
| Easement [PoPCoRN] | show 🗑
|
||||
| Quitclaim deed | show 🗑
|
||||
| Termination by abandonment | show 🗑
|
||||
| Termination by vacation | show 🗑
|
||||
| Judgement Lien | show 🗑
|
||||
| Writ of Execution | show 🗑
|
||||
| show | The Legislation which establishes priority of liens in most states
🗑
|
||||
| Lien Priority | show 🗑
|
||||
| show | The Sum of all facts on which ownership is founded. Which is esablished by evaluating an abstract of title
🗑
|
||||
| show | A Summary of all instruments affecting title and all encumbrances affecting the title
🗑
|
||||
| Marketable Title | show 🗑
|
||||
| show | Inspect the property and check the public records
🗑
|
||||
| Actual Notice | show 🗑
|
||||
| show | File for a quiet title action and the status and condition is determined by the courts. Only has the current owner. Any encumbrances to a title must be entered on the certificate of title
🗑
|
||||
| Title Insurance | show 🗑
|
||||
| Deed | show 🗑
|
||||
| show | Deeds need to be written, signed by the Grantor
🗑
|
||||
| show | COnveying Personal Property
🗑
|
||||
| Grant | show 🗑
|
||||
| Grantor | show 🗑
|
||||
| show | The party to whom the title is transferred. If they have the deed it is delivered
🗑
|
||||
| show | The Granting clause of the deed
🗑
|
||||
| show | An optional part of a deed that tells the extent of interest transferred
🗑
|
||||
| show | The Type of deed the greatest warranty as to the title status
🗑
|
||||
| Covenant of seizin | show 🗑
|
||||
| Covenant of quiet enjoyment | show 🗑
|
||||
| show | Assures that the Grantor will bear the expense of defending the title against the claims
🗑
|
||||
| show | Deed that warrants only against encumbrances by the grantor. It only contains the covenant against encumbrances. Used by an agent of a principal such as a trustee or executor of a will
🗑
|
||||
| show | The type of deed which contains an implied interest in property but no warranty as to title status.
🗑
|
||||
| show | The type of deed which contains no warrant as to title but can be used to convey any interest in real property and can be used to clear up a cloud
🗑
|
||||
| show | Different types of estates convey different amounts of ttle
🗑
|
||||
| show | A deed must be acknowledged to be recorded, but an acknowledged unrecorded deed is valid and is admissible for public recording. The acknowledging party being the grantor
🗑
|
||||
| show | A valid will
🗑
|
||||
| Testator | show 🗑
|
||||
| Devise | show 🗑
|
||||
| Devisor | show 🗑
|
||||
| Bequest/legacy | show 🗑
|
||||
| show | The heirs when there is an intestate death.
🗑
|
||||
| show | The distribution of an intestate decedent's estate which is governed by state laws. AKA Laws of descent. The person appointed to administer the estate is called the administrator who is court appointed
🗑
|
||||
| show | Used with a good will and is appointed by the testator
🗑
|
||||
| Ground Lease | show 🗑
|
||||
| Graduated lease | show 🗑
|
||||
| Index Lease | show 🗑
|
||||
| show | The amount of rent that could be obtained for a property on the open market if available
🗑
|
||||
| Assignment | show 🗑
|
||||
| Block | show 🗑
|
||||
| show | Permanent monuments as markers is the primary method in some states. AKA Survey
🗑
|
||||
| show | is a precisely identified location using longitude and latitude which serves as a reference point for starting a land survey. AKA Benchmarks
🗑
|
||||
| show | The largest unit of measurement in the government rectangular survey system. Measures 6 miles and made from 36 sections
🗑
|
||||
| show | Runs north to south
🗑
|
||||
| show | Runs east to west
🗑
|
||||
| show | The Area of a section is 640 Acres
🗑
|
||||
| Valid Contracts [CALL] | show 🗑
|
||||
| Valuable consideration | show 🗑
|
||||
| show | Worth promised in a contract that doesn't have a monetary value
🗑
|
||||
| show | Creating or changing the rules and regulation
🗑
|
||||
| Florida Division of Real Estate | show 🗑
|
||||
| The Civil Rights Act of 1866 | show 🗑
|
||||
| show | Covers discrimination in the sale or lease of certain types of real property to the whole gambit of people. Applies to All siingle Family residence owned by businesses. File complaint with HUD, District Court , U.S attorney general
🗑
|
||||
| show | Extends anti-discrimination coverage to the handicapped and family with kids. Max fine up to 50,000
🗑
|
||||
| show | States the terms of repayment and always contains a prepayment clause and an acceleration clause
🗑
|
||||
| Acceleration clause | show 🗑
|
||||
| Escalation clause | show 🗑
|
||||
| Hypothecation | show 🗑
|
||||
| show | Security for the note is provided by the trustee holding a naked title, the borrower hods equitable title
🗑
|
||||
| show | The legal title is held by the borrower and the security for the note is provided by the lender holding a lien
🗑
|
||||
| Mortgagor | show 🗑
|
||||
| show | The lender in a mortgage instrument
🗑
|
||||
| show | The clause in a mortgage in which the borrower conveys the title to the property
🗑
|
||||
| show | The clause in a mortgage
🗑
|
||||
| Alienation clause[due on sale] | show 🗑
|
||||
| Certificate of estoppel | show 🗑
|
||||
| Subordination clause | show 🗑
|
||||
| Statutory redemption | show 🗑
|
||||
| Deed of trust | show 🗑
|
||||
| What is the point of The Agency Disclosure Agreement | show 🗑
|
||||
| show | At the 1st substantive contact
🗑
|
||||
| show | Pre-1978
🗑
|
||||
| show | Kids under 10
🗑
|
||||
| What is Article 9-A | show 🗑
|
||||
| What is Article 12-A | show 🗑
|
||||
| What is a latent defect | show 🗑
|
||||
| show | They are appointed
🗑
|
||||
| What is the Master Plan | show 🗑
|
||||
| show | The General Plan
🗑
|
||||
| show | A Halt on construction
🗑
|
||||
| show | It is the appeal process for an adverse decision
🗑
|
||||
| show | How much waste water the soil can process
🗑
|
||||
| The size of a septic tank is based off of? | show 🗑
|
||||
| show | 15 months
🗑
|
||||
| show | Personal Property
🗑
|
||||
| Estates in Land - Freehold | show 🗑
|
||||
| show | One Owner
🗑
|
||||
| If tenancy in common people die who gets there interest in the property | show 🗑
|
||||
| show | Husband and wife are joint owners
🗑
|
||||
| show | The right or interest in a property
🗑
|
||||
| When does a mechanics lien have to be filed | show 🗑
|
||||
| Affidavit of entitlement | show 🗑
|
||||
| How long are Judgements good for | show 🗑
|
||||
| show | A written instrument that conveys title
🗑
|
||||
| show | Mete and Bounds or a reference plot number.
🗑
|
||||
| which kind of deed offers the greatest protection | show 🗑
|
||||
| show | Protects past and present deed challenges
🗑
|
||||
| What is the most common deed | show 🗑
|
||||
| What is the worst deed | show 🗑
|
||||
| Laws, rules, and regulations governing licenseees and are adiminstered by.. | show 🗑
|
||||
| What is the customer owed in a real estate relationship? | show 🗑
|
||||
| What is a universal agent | show 🗑
|
||||
| What is an example of a general agent | show 🗑
|
||||
| What type of agent is a real estate agent, which grants them represent the client in one specific transaction | show 🗑
|
||||
| What are the "CC" LOAD in CC LOAD | show 🗑
|
||||
| show | Loyalty
🗑
|
||||
| What is the O in CCLOAD | show 🗑
|
||||
| show | Accounting
🗑
|
||||
| show | Disclosure
🗑
|
||||
| show | An Exclusive-right-to-sell. Which promises the broker a commission if property is sold in the agreement time
🗑
|
||||
| show | 500$ credit
🗑
|
||||
| show | Chattel
🗑
|
||||
| show | Fee simples is given to your heirs and a life estate reverts back to the original owner.
🗑
|
||||
| show | Encumbrances
🗑
|
||||
| show | 30 Percent
🗑
|
||||
| show | Covers an owner against financial losses that result from an employee's criminal acts or negligence while carrying out his duties
🗑
|
||||
| The taxes made before exemptions are subtracted is known as the | show 🗑
|
||||
| show | A factor that when multiplied with the property's assessed value is in line with statewide tax assessments. Not used when Full-value assessment is used
🗑
|
Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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
Normal Size Small Size show me how
Created by:
bswdimples
Popular Real Estate sets