Real estate vocab - Study guides, Class notes & Summaries

Utah Stringham Real Estate Vocab Latest Version Rated A+ 3/1 ARM A loan with three years of the same rate then rate adjustments every year thereafter. 12 HOUR NEW AGENT COURSE The continuing education course required by the Utah Division of Real Estate for a new licensee's initial renewal period. 72-HOUR RIGHT OF RESCESSION All borrowers must receive this notice if the loan is a refinance loan. ABANDONMENT When a tenant leaves a property before the expiration of the lease agr...

Superior School of Real Estate Vocab Exam 2024

Additions to the land (ie houses) that are artificially attached (personal) Economic characteristic of land Chapter 1 Indestructibility -Answer-Land is non destroyable. It can be altered but its geographic coordinates remain the same. (physical characteristic of land) Chapter 1 Non-homogeneity -Answer-Land: No two pieces are exactly alike. Another word for it is uniqueness. This can either be a good or bad thing in regards to selling a property. (physical characteristic of land) Chapter...

Superior School of Real Estate Vocab Exam 2024 Bill of Sale -Answer-Title of personal property is transferred from one entity (i.e. person) to another by use of a document called... Chapter 1 Chattle -Answer-Another word for personal property. Not used to describe personal property in NC; National word to describe personal property. Also known as Personalty. Chapter 1 Free Market -Answer-An economic system in which prices and wages are determined by unrestricted competition between busin...

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...

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...

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 ...

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...

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. -...

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 ...