Aceable Agent Principles 1 study notes for final exam Questions With Solutions 100% Correct
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Course
Aceable Principles of Real Estate
Institution
Aceable Principles Of Real Estate
Aceable Agent Principles 1 study notes for
final exam Questions With Solutions 100%
Correct
Littoral rights lank front and ocean front rights
Riptorian rights River and streams rights
Subsurface rights the rights to the natural resources below the earth's surface
trade fixture personal prop...
Aceable Agent Principles 1 study notes for
final exam Questions With Solutions 100%
Correct
Littoral rights lank front and ocean front rights
Riptorian rights River and streams rights
Subsurface rights the rights to the natural resources below the earth's surface
trade fixture personal property that is owned and needed for tenants business
ad valorem tax tax calculation according to assessed value of piece fo real estate
Amortization process of paying off debt/mortgage in regular installments based on
payment schedule
arrears payment for an item or service after it is received
, Aceable Agent Principles 1 study notes for
final exam Questions With Solutions 100%
Correct
clue reports comprehensive loss under writing exchange ( database used by insurance that
holds information on claims for past 5 years)
Homestead Tax Exemption reduces the amount of ad valorem taxes assessed on a
homestead
PITI Principal, Interest, Taxes, Insurance
PUD planned unit development: subdivision that contains dwellings, non-residential real
estate
prorate dividing of expenses like taxes, interest and rent.
Proration: act of dividing or allowing expenses between buyers and sellers
, Aceable Agent Principles 1 study notes for
final exam Questions With Solutions 100%
Correct
agency by ratification: unauthorized action taken on behalf of a principle
express agency created by a clear, specific agreement
implied agency: created by actions, conduct and words of either or both parties without
being expressed.
special agency: agents are limited in scope and authorized to perform acts permitted by
their principle
Civil rights act of 1866 the first law that began to promise equal rights for all citizens
regardless of race or color
community reinversement act: helps banks meet needs of borrowers in all segments of
their communities
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