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The real estate vocation defines the rights, duties, and responsibilities of all legal parties.
The mortgagor
Personal property that, by its attachment to real property, is regarded as real estate
A fixture
FHA
What is FEDERAL HOUSING AUTHORITY
The seller under a land contract is also known as
The vendor
640 acres
A section OR 1 square mile
Movable objects, which are not considered real estate
Personal Property
Latin for "suit pending"
What is Lis Pendens?
ARV
After Repair Value
A person who dies without leaving a will is known as having died
Intestate
9 SQUARE FEET=? SQUARE YARDS
What is A SQUARE YARD (ONE)
The illegal act of a real estate broker who places his client's or customer's funds with his own funds
Commingling
The number of members of The Virginia Real Estate Board
9 Members
POF
Proof Of Funds
To refuse a loan to someone because they live in an area deemed to be a poor financial risk.
Redlining
43560 SQ. FT.
What is THE AREA OF AN ACRE?
The government's right to make laws and regulations for the general welfare of the public
Police Power
DAILY DOUBLE!!!!!!! Typically regarded as the most important document at closing
DAILY DOUBLE!!!! The Deed
Comparative Market Analysis
The originally scheduled number of years for a loan
Term
Property Price รท Gross Annual Rental Income
Gross Rent Multiplier (GRM)
If a builder wanted to obtain a mortgage for several pieces of property with a release clause, which type would be best?
A Blanket Mortgage
Loyalty, Obedience, Disclosure, Confidentiality, Reasonable Care and Diligence and Accounting
What are the Fiduciary Duties Of A Real Estate Agent?
HUD
Housing and Urban Development
The real estate vocation defines the rights, duties, and responsibilities of all legal parties.
Agency
Divide the net operating income by the sale price
What is A CAP RATE?