Pearson Vue Real Estate Glossary, With Correct Answers
5 views 0 purchase
Module
Pearson Vue
Institution
Pearson Vue
Pearson Vue Real Estate Glossary, With Correct Answers
Abandonment
Voluntarily giving up possession property or claim right
Abatement
A legal action to stop a nuisance. Also can be a reduction of a property tax assesment
Abstract
A history of every recorder document dealing with a property ...
Pearson Vue Real Estate Glossary, With
Correct Answers
Abandonment
Voluntarily giving up possession property or claim right
Abatement
A legal action to stop a nuisance. Also can be a reduction of a property tax assesment
Abstract
A history of every recorder document dealing with a property - used to determine
marketable title
abstractive method
A means of obtaining land valu by deduction the value of the property from the total
property value
Abstract of Judgement
A condensation of a court judgement. When recorded the judgement becomes a
general lein on the property
acceleration clause
a provision in a note making all payments due on the happening of a certain event
( such as missing a payment or selling the property)
accession
Obtaining title as a result of attaching or joining property to other property
accommodation party
a cosignor who signs a negotiable instrument agreeing to be personally liable to payee
accord and satisfaction
the act of accepting a different consideration that agreed; for example , if there is a
dispute as to performance and one party accepts less than bargained for initially
accretion
a gradul build up of soil by action of water or wind
Accrued Depreciation
Depreciation to date; measures by the difference beween the replacement cost new and
the present value
Acknowledgement
Notorized
Acre
43,560 square feet
action in personam
a legal action agains a person. When recorded, a judgement from such an action is a
general lein agains all of a debtors property in the county where recorded
action in rem
a legal action against a specific property involved in the action
ademtption
disposal of a property by a testator prior to death defeating the beneficiary under a will.
adjusted basis
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller ACADEMICAIDSTORE. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £8.22. You're not tied to anything after your purchase.
