Real estate vocabulary - Study guides, Class notes & Summaries

Real Estate Vocabulary (Guide to Passing the PSI Real Estate Exam) (2024 / 2025) Actual Questions and Verified Answers, 100% Guarantee Pass

Real Estate Vocabulary (Guide to Passing the PSI Real Estate Exam) 2024...

WA State Real Estate Brokers License Vocabulary Exam 1 Tract - Ans ️️ -24 miles x 24 miles = 576 square miles = 16 townships 1 Township - Ans ️️ -6 miles x 6 miles = 36 square miles = 36 sections 1 Section - Ans ️️ -1 mile x 1 mile = 1 sq mile = 640 acres 1 Acre - Ans ️️ -43,560 sq feet = 160 sq rods 1 Square Acre - Ans ️️ -208.71 ft x 208.71 ft 1 Mile - Ans ️️ -5280 feet (linear) = 320 rods = 80 chains 1 Chain - Ans ️️ -66 feet = 4 rods 1 Rod - Ans ️️ -16...

MA Real Estate Vocabulary All Answers Correct - Agricultural: A type of real estate that includes farms, timberland, ranches, and orchards. - Air Lot: A designated airspace over a piece of land that can be transferred. - Appraisal: An estimate of the quantity, quality, or value of something. This refers to the process of determining property value, as well as the report detailing this estimation. - Broker: A person who acts as an intermediary on behalf of others for a fee or commission. -...

PSI MA Real Estate Exam Study Guide -NSREA, Real Estate Vocabulary - Appraisal: An estimate of a property's value, typically prepared by a licensed professional in this field. - Brokerage: The business of bringing together parties interested in a real estate transaction. - Commercial: Property types that include office spaces, shopping centers, stores, theaters, hotels, and parking facilities. - Development: The construction of improvements on the land. - Elevation Certificat...

Maine Real Estate Vocabulary- TRELG Study Guide Test 2024. Aesthetic zoning: - correct answer This type of zoning requires new builds to meet specific types of architecture styles, may and limit the colors used and the size of signs in commercial areas. Affirmative easement: - correct answer An easement that allows a party to do something that normally would not be allowed. See negative easement. Agency: - correct answer As an adjective, it describes the relationship between an agent and ...

Real Estate Vocabulary Guide with complete Solution verified 100% Correct.

Acceleration Clause - Allows lender to demand immediate payment if borrower defaults. Adjustable Rate Mortgage - Loan with interest rate that can change over time. Alienation Clause - Allows lender to demand full payment if property is sold or transferred. Amortization - Gradual repayment of a loan through regular installments. APR - Annual Percentage Rate, including interest and fees. Arrears - Payment made after the due date. Balloon Payment - Large final payment at the end of a loan ter...

acceleration clause correct answersA 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 correct answersTitle 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 correct answersIncrease or addition to ...

Florida Real Estate Vocabulary Questions and Answers 100% Pass Assignor - Correct Answer ️️ -A person who transfers a legal right to another Grantor - Correct Answer ️️ -Party giving the deed that conveys title Grantee - Correct Answer ️️ -Party receiving the deed and acquiring the title Lessor - Correct Answer ️️ -Landlord who gives lease Lessee - Correct Answer ️️ -Tenant who receives lease Lienor - Correct Answer ️️ -Person who has a claim on another's propert ...