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Created by Marty Baum
Horizontales
This is a type of zoning which allows for buildings to be placed closer together (like a clover leaf) to give the appearance of more open space. This is called ________ Zoning
The person who hires a real estate agent to represent them. They become the principal in the transaction
Recently sold properties that are similar to a particular property being evaluated and used to indicate a value for the subject property. These are known as __________
An illegal practice of Mixing trust funds with a broker's operating account
Money used to create income, either as investment in a business or income property
The unrepresented third party in an agency relationship
An order from government authority directing a person violating the law to refrain from doing so. This is called a ______ and Desist Order
A mathematical process for converting net income into an indication of value. This is commonly used in the income approach to appraising
A judicial proceeding to exercise the power of eminent domain
Financing in which the seller takes back a note for part of the purchase price secured by a second deed of trust. This is called ________ Financing
Something of value pledged as security for a debt or obligation.
Property co-ownership wherein husband and wife are treated as equal partners with each owning a one-half interest. This is called __________ Property
This is personal property. Having a moveable characteristic.
The owner will have fee simple ownership in the unit (residential or commercial) consisting of the interior walls and becomes a tenant in common with the other owners in the common areas
Verticales
Any passage through which smoke from a fire passes. Usually constructed of brick, from a fireplace to above the roof of a building
"Let the buyer beware". This states that the buyer takes the risk regarding quality or condition of the item purchased. This is known as _________ Emptor
This person will be in charge of the real estate department
The consummation of the real estate transaction where the seller delivers the deed and the buyer accepts it.
The compensation paid to a real estate broker for services rendered in connection with the sale of real property
A pledge or promise to do a certain act
The recorded history of property ownership.This is called the _______ of Title
A flexible putty-like substance used to fill gaps at fixed joints on a building to reduce the passage of air or moisture.
The spendable income from an investment after deducting expenses. This is called ______ Flow
A check that the issuer guarantees to be good and against which a stop payment directive is ineffective. This is a ________ Check
An encumbrance or claim on title that may impair an owners's title to the property. This is known as a ________ on Title