acceptance by ratification - ANS-acceptance where lessee takes physical possession of
property but does not sign a lease - recognized by courts
accord and satisfaction - ANS-all parties agree to a change in contract
Americans with Disabilities Act of 1990 - ANS-requires employers and public facilities to make
"reasonable accommodations" for people with disabilities and prohibits discrimination against
these individuals in employment
assignment - ANS-method of releasing self from contract. one part in a contract allows another
to assume all of his or her rights. can be done as long as contract doesn't strictly prohibit.
bilateral contract - ANS-both parties make a promise
blockbusting - ANS-when licensee tries to induce owner into selling property due to the
entry/exit of a certain class of people
brokerage agreement - ANS-sponsoring broker/public getting real estate services relationship
chattel - ANS-personal property - not permanently affixed to land
Civil Rights Act of 1866 - ANS-guarantees property rights regardless of race but did not punish
private acts of discrimination
commingling - ANS-putting personal money in a special escrow account established to hold
someone else's money - can become issue when broker is also acting as a property manager
conciliation agreement - ANS-potential resolution for FHA complaint - agreement must protect
complainant and public. after agreement signed, no further action may be taken by HUD unless
breach of agreement
condemnation action - ANS-court action that allows government to purchase property against
owner's wish, exercise of eminent domain. owner is compensated
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