Real Estate Acronyms Word Scramble
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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 (orLOCC) | I prefer LOCC, think Law... Competent. Legal use. Offer and acceptance. Consideration. I prefer LOCC, think Law...:must be lawful to start with, Legal use Offer & acceptance....someone willing to offer and get into contract Competent party |
S.T.U.D. - Elements of Value | Scarcity. Transferability. Utility. Demand. |
A.C.O.L.D. - Duties of a Fiduciary relationship | Think "Don't catch A COLD" 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. |
Created by:
jaycaputo
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