Real estate vocab - Study guides, Class notes & Summaries

Bob Hogue Real Estate Exam Vocab Complete Questions and Answers | Updated

FL Real Estate Pre-Licensing Course Vocabulary | 2023/24 with complete solution The various activities of a real estate brokerage include - sales and leasing property management property valuation financing counseling A property owner who does not reside on the property and who usually relies on a property manager to oversee the investment - Absentee Owner A supported, defended estimate of the value of property rights as of a given date - Appraisal The marketing and sale of a going ...

Land - ANSWER The earth's surface extending downward to the center of the earth and upward into space, including permanent natural objects such as trees and water. Real Estate - ANSWER land at, above, and below the earth's surface, and all things permanently attached to it, whether natural or artificial. Improvement - ANSWER any artificial thing attached to land, such as a building or fence, or improvements such as streets, utilities and sewers. Real Property - ANSWER Includes both la...

1 Tract - ANSWERS24 miles x 24 miles = 576 square miles = 16 townships 1 Township - ANSWERS6 miles x 6 miles = 36 square miles = 36 sections 1 Section - ANSWERS1 mile x 1 mile = 1 sq mile = 640 acres 1 Acre - ANSWERS43,560 sq feet = 160 sq rods 1 Square Acre - ANSWERS208.71 ft x 208.71 ft 1 Mile - ANSWERS5280 feet (linear) = 320 rods = 80 chains 1 Chain - ANSWERS66 feet = 4 rods 1 Rod - ANSWERS16.5 feet Riparian Rights - ANSWERSThe water rights of a land owner with respec...

WI Real Estate Vocabulary EXAM QUESTIONS AND COMPLETE SOLUTIONS 100% VERIFIED Transfer Fee - Answer -Round to the nearest hundred and multiply by .003. Bundle of Rights - Answer -Rights & interest of having title such as possession, control, exclusion, sell, and of enjoyment. Real Property - Answer -Goes with the property. Generally immovable. Chattel Real - Answer -Cows mooove. Personal proptery. Fixtures - Answer -Was personal and is now real. MARIA (Method, Adaptabliltiy, Rel...

Florida Real Estate Vocabulary Guaranteed Success Assignor A person who transfers a legal right to another Grantor Party giving the deed that conveys title Grantee Party receiving the deed and acquiring the title Lessor Landlord who gives lease Lessee Tenant who receives lease Lienor Person who has a claim on another's propert Lienee Person whose property is subject to a claim or charge by another Mortgagor Borrower who gives note and mortgage to obtain a loan Mortgagee Lender...

PSI Real Estate Vocabulary – Complete Guide to Passing the Exam | Latest update.

Real Estate Vocabulary Questions &Exam (elaborations) answers 100% satisfaction guarantee

acceleration clause - Answer- A provision in a written mortgage, note, bond, or conditional sales contract that in the even of default, the whole amount of the principal and the interest may be declared due and payable at once. accession - Answer- Title to improvements or additions to real property is acquired as a result of the accretion of alluvial deposits along the banks of streams or as a result of the annexation of fixtures. accretion - Answer- Increase or addition to land by the dep...

Arizona Real Estate Vocabulary Test with Questions and Answers Adverse Possession ANSWER Acquiring title to land because of a long-term, open, and notorious use of the land. The required time period in Arizona is 10 years. Bilateral Contract ANSWER a contract in which the parties expressly enter into mutual agreements or engagements (e.g., a real estate sales contract). Each party promises to perform some act. Buyer Broker Agreement ANSWER A written employment contract in which the buye...