Top Real Estate Flashcards - Page 2 by ProProfs

California Real Estate Principles Chapter 2-3 Flashcards

Cards: 74| Attempts: 19| Last updated: Oct 30, 2020

Emblements

Planted Growing Crops That Are Cultivated Ann...

Estate

An Interest, Share, Right Or Equity In Real E...

Fee Simple

When An Owner Has Transferred All Rights Of A...

Fee Simple Defeasible Estate

A Fee Estate That Is Subject To Particular Li...

Terminology Principles Of Real Estate Flashcards

Cards: 61| Attempts: 11| Last updated: Oct 30, 2020

Bundle Of Rights

Use Acronym DeepC: Disposition, Exclusi...

Real Property

- Immovable

Personal Property

Movable I.e. Chair

Fixture—

Attach To Real Property: MARIA (Method,...

Describe Various Penalties ,voilation Of Various Civil Law Flashcards

Cards: 38| Attempts: 11| Last updated: Oct 29, 2020

Citations

Statements Of Alleged Violations And Penaltie...

Complaint

An Alleged Violation Of A Law Or Rule

Formal Complaint

Outline Of Charges Against A Licensee

Legally Sufficient

A Complaint Contains Facts Indicating A Viola...

Choose The Correct Option For Real Estate Property Term Flashcards

Cards: 62| Attempts: 9| Last updated: Oct 30, 2020

A Blanket Mortgage: a. Usually Has A Rel...

D. Both A And B

Which Of The Following Is Not A Type Of Real ...

A. Chattel Mortgage

'Lis Pendens" Is: a. Type Of Sp...

C. A Notice Of Pending Court Action

The Following Statements Are True EXCEPT:&nbs...

C. An Attachment And A Judgement Are The Same...

Real Estate Chapter 10 Residential Mortgage Types & Borrower Decisions Flashcard

Cards: 35| Attempts: 8| Last updated: Oct 29, 2020

Primarty Mortgage Market

The Loan Origination Market In Which Borrower...

Secondary Mortgage Market

Market Where Mortgage Originators Can Divest ...

Fannie Mae (Fed. Nat'l Mortgage Association) ...

Government Sponsored Enterprises

Conventional Mortgage Loan

Refers To Any Standard Home Loan That Is Not ...

Chapter 12 - Real Estate Brokerage And Listing Contracts

Cards: 28| Attempts: 8| Last updated: Sep 18, 2015

Law Of Agenccy

Gives A Broker Or Salesperson The Right To Ac...

Principal

In Brokerage, The Person Giving The Authority...

Universal Agency

The Broadest Scope Of Authority To Which A Pr...

General Agent

Is Delegated By The Principal To Act Within T...

The Scope Of Real Estate Business Flashcards

Cards: 266| Attempts: 8| Last updated: Oct 30, 2020

What Is The Business Of Bringing People Toget...

Brokerage

What Is The Process Of Estimating A Property'...

Appraisal

Are Appraisers Licensed In PA?

Yes!!

Who Is A Person Hired To Maintain And Manage ...

Property Manager--to Protect The Value Of The...

Real Estate Exam - Chapter 3: Concepts Of Home Ownership

Cards: 9| Attempts: 7| Last updated: Sep 17, 2015

Condo - What Do You Own?

Own The Studs In Of Single. Has Shared / Comm...

Co-op

Do Not Actually Own The Unit. Own An Interest...

PUD

Planned-Unit Developements I.e. Retirement Co...

MUD

Mixed-Use Development I.e. High Rise With Sto...

Real Estate Exam - Chapter 12: Transfer Of Title

Cards: 11| Attempts: 7| Last updated: Sep 17, 2015

Voluntary Alienation

Voluntary Transfer Of Title - Gift Or Selling...

Requirements For A Valid Deed (and Cont.)Gran...

- Conveys Property To A Grantee (must Be Of L...

Deed Must Contain A:Granting Clause:

- States The Grantor's Intention

Habendum Clause:

Begins With 'to Have And To Hold'- When Neces...

PA Real Estate Practices

Cards: 36| Attempts: 6| Last updated: Sep 17, 2015

Appraisers Must Be Certified By The ________

State Board Of Certified Appraisers

In Pennsylvania, Real Estate Counselors Or Co...

Licensed Real Estate Brokers

What Is The Current Maximum Limit For F...

$250,000

An Unlicensed Personal Assistant To Perform A...

Erecting "For Sale" Signs, Maintaining Lock-b...

California Real Estate Principles Ch. 1

Cards: 23| Attempts: 6| Last updated: Sep 16, 2015

Commission

Negotiable Between Principle And Broker Thoug...

Property

Rights And Interests A Person Has In The Thin...

Bundle Of Rights Theory

Ownership Consists Of Possesion, Enjoyment, C...

Possesion

One Of The Four Basic Rights Of Ownership Inv...

Estate Planning & Probate Flashcards

Cards: 19| Attempts: 5| Last updated: Oct 30, 2020

Estate

An Interest In Property (an Asset) &nb...

Estate Planning

Process Of Preserving Ind's Assets W 2 Ul...

Gross Estate

Total Collective Assets Owned By Ind, W/o Reg...

Tax Laws

1916 REvenue Act Formed Basic Framework Of Mo...

Real Estate Ch. 11- Sources Of Funds For Residential Mortgages (Book Notes)

Cards: 28| Attempts: 5| Last updated: Sep 18, 2015

What Were Some Of The Causes That Led To The ...

A.) Overregulation On The Basis Of "safety An...

What Congressional Act Took Major Steps In Or...

1989 - Financial Institutions Reform, Recover...

What Has Been The Core Business Of Commercial...

To Make Short-term Laons To Business For Inve...

What Is "warehousing" In Terms Of Financing?

Mortgage Bankers Put Up The Originated Loans ...

Real Property Bar Exam Flashcards

Cards: 5| Attempts: 5| Last updated: Oct 30, 2020

Fee Simple Absolute, How To Create?

"To A" Or "To A And His Heirs&...

Distinguishing Characteristics Of A Fee Simpl...

This Is Absolute Ownership Of Potentially Inf...

Accompanying Future Interest Of Fee Simple Ab...

None

Fee Tail, How To Great?

"To A And The Heirs Of His Body."

PA Real Estate Practice Chapter 18 Flashcards

Cards: 21| Attempts: 4| Last updated: Oct 30, 2020

A Principle-agent Relationship In Which The B...

Buyer Agency Agreement

CMA

Comparative Market Analysis

A Written Analysis, Opinion Or Conclusion By ...

Comparative Market Analysis (CMA)

Exclusive Agency Listing

1. There Is Only One Authorized Broker-agent....

FL Real Estate Study For Exam Prep Test 1

Cards: 8| Attempts: 4| Last updated: Sep 23, 2015

A R/E Licensee Who Is Representing With A Par...

C) R/e Licensees May Share Their Commission W...

Which Type Of Estate In Real Property Is Held...

c) Estate For Years

In The Government Survey System Of Legal Desc...

B) 6 Miles Sq

A R/e Developer Purchased 3 Residential Lots ...

C) Plottage

Florida Real Estate Mnemonics

Cards: 11| Attempts: 2| Last updated: Sep 22, 2015

475.25 (1) (b)

MisrepresentationConcealmentFalse PromiseDish...

2nd Degree Is Punishable By:

Not More Than $500 Or Exceeding 60 Days Impri...

1st Degree Offences Are:

Unlawfully Collecting An Advance Fee And Fail...

1st degree Offences Are Punishable By:

Not More Than $1,000 And / Or A Term Of Impri...

Real Estate Test 3 Flashcards

Cards: 71| Attempts: 1| Last updated: Oct 30, 2020

The Most Typical Adjustment Interval On An AR...

One Year

A Characteristic Of A Partially Amoritized Lo...

A Balloon Payment Is Required At The End Of T...

If A Mortgage Is To Mature At A Certain Futur...

Interest Only Mortgage

The Dominant Loan Type Originated By Most Fin...

Fixed Payment, Fully Amoritized

Real Property

Cards: 5| Attempts: 0| Last updated: Sep 22, 2015

Present Possessory Estates - General

An Interest That Gives The Holder The Right T...

Present Possessory Estates - Fee Simple Absol...

Largest Estate Recognized By Law. It Can Be: ...

Present Possessory Estates - Defeasible Fees

Defeasible Fees Are FEE SIMPLE Estates (i.e. ...

Present Possessory Estates - Fee Simple...

A Fee Simple Determinable Terminates Upon The...

Real Property

Cards: 109| Attempts: 0| Last updated: Sep 18, 2015

Fee Simple Determinable

"To A For So Long As..." "To A During...." "T...

Fee Simple Subject To A Condition Subsequent

"To A, But If X Event Occurs, Grantor Reserve...

Fee Simple Subject To An Executory Limitation

"To A But If X Event Occurs, Then To B"Includ...

Restraint On Alienation

Any Direct Restraint On The Transferability O...