Real estate vocab - Study guides, Class notes & Summaries

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

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...

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...

Demand - Answer-The amount of goods people are willing and able to buy at a given price, often coupled with supply Demographics - Answer-The study and description of a population Accretion - Answer-The increase or addition of land by deposit of sand or soil washed up naturally from a river, lake, or sea. Bundle of legal rights - Answer-PECED - Possession, Enjoyment, Control, Exclusion, Disposition Constructive Annexation - Answer-The combination of items into real property that are n...

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...

Champion Real Estate Vocabulary Exam Questions and Correct Answers RESPA - ANSWER Real estate settlement prodcedures act - Brokerage - ANSWER The overall real estate business-bringing parties together and completing transactions Independent Contractor - ANSWER A licensee sponsored by a broker who is not considered an employee- there must be a written agreement, the independent contraction must be licensed and [payment is on the basis of performance, not number of ...

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

Real Estate Vocabulary - Washington State – (All Chapters) with Complete Solutions Real Estate Vocabulary - Washington State – (All Chapters) with Complete Solutions Real Estate Vocabulary - Washington State – (All Chapters) with Complete Solutions Real Estate Vocabulary - Washington State – (All Chapters) with Complete SolutionsSyndicate - ANSWER-A group of individuals who come together and pool their resources to carry out an enterprise. Real property (realty) - ANSWER-Tang...

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...

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