Pearson VUE Real Estate Exam Glossary Page 1 & 2
100% Location
The best retail location within a community.
100% Office
Office where salespersons pay a regular fee to the broker but receive 100& of the commissions they earn.
Abandonment
Voluntarily giving up possession of property or a clai...
Pearson VUE Real Estate Exam Glossary Page 1
&2
100% Location
The best retail location within a community.
100% Office
Office where salespersons pay a regular fee to the broker but receive 100& of the
commissions they earn.
Abandonment
Voluntarily giving up possession of property or a claim or right.
Abatement
A legal action to stop a nuisance. Also can be a reduction of a property tax assessment.
Absorption Rate
The rate at which new or vacant space (such as office space) will become occupied.
Abstract
A history of every recorded document dealing with a property. It is examined to
determine whether there is marketable title.
Abstractive Method
A means of obtaining land value by deducting the value of improvements from the total
property value.
Abstract of Judgment
A condensation of a court judgment. When recorded the judgment becomes a general
lien on the property of the debtor within the county when recorded.
Accelerated Depreciation
Any method of depreciation for tax purposes that gives greater initial depreciation than
the straight-line method. Accelerated depreciation is no longer allowed.
Acceleration Clause
A provision in a note making all payments die on the happening of a certain even (such
as mission a payment or selling the property.)
Acceptance
An act or agreement that forms a contract.
Accessinon
Obtaining title as a result of attaching or joining property to other property.
Accommodation Party
A third person (cosigner) who signs a negotiable instrument agreeing to be personally
liable to the payee.
Accord and Satisfaction
Act of accepting a different consideration than agreed; for example, if there is a dispute
as to performance and one party accepts less than bargained for originally.
Accredited Management Organization (AMO)
A professional designation awarded to a management company by the Institute of Real
Estate Management.
Accredited Resident Manager (ARM)
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 £7.80. You're not tied to anything after your purchase.
