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"Stueck-y" Notes
Practice Makes Perfect
What's in a Title...
Finish the Sentence
100

If adjusting for inflation, this movie has sold the most tickets and has the biggest box office gross of all time. 

What is "Gone With The Wind".  (1939)

100

When a party wants to change the terms of an accepted offer to purchase, the party would propose this document to the other party. If the party accepts the proposed document, then the contract is changed based upon the language of the document used. If, for some reason, the party does not accept the proposed document, the offer stands as is with the existing terms.

What is a WB-40 Amendment to the Offer to Purchase. 

100

A Seller instructs the listing agent to keep their property off of the MLS and forgo public marketing

What is Delayed Marketing.

100

The Owner's Policy insure's this party?

Who is the Buyer, Incoming Owner (typically paid for by the Seller).

100

"Progress over ______", is a phrased used to adjust mindset. 

What is Perfection. 

200

This new trend of building a new structure that is large enough to house a living area and an attached utilitarian space such as a workshop, warehouse or multi-car garage for a work-play lifestyle. The term is formed from the "style/look", and condominium for the large divided space. 

What is "Barndominium".

200

This document is used to notify another party about some contract provision where the other party does not need to agree. For example, a buyer whose offer included an inspection contingency would use this document to deliver a notice of defects in response to a home inspection report that revealed defects.

What is a WB-41 Notice Relating to the Offer to Purchase.

200

This April and every April, REALTORS® recognize & commemorate the passage of this 1968 landmark legislation, which honors the principle that in the United States of America, no one should be denied housing because of who they are.

What is the "Fair Housing Act". 

200

How long does Title Insurance coverage last?

What is: (Your owner's insurance policy) lasts as long as you own your property.

200

We control the __________. 

They (our clients) control the ___________.

What is "Process" and "Decisions". - Ninja Selling

300

This type of architectual style can be a simple one-room cabins or grand waterfront mansions. Built using traditional construction comprised of stacked logs with interlocking joints that are held together with chinking, a type of flexible mortar.

What is "Log Home". 

300

This document can be understood as a new offer that is being issued by a party who has previously received an unacceptable offer. The legal effect of writing and delivering such a document is the same as the rejection of the previous offer and the presentation of a new offer to the party who had submitted the previous offer.

What is a WB-44 Counter Offer.

300

These are the 5 negotiation points of every real estate contract. 

1.  Price  

2.  Terms  

3.  Dates – closing and possession  

4.  Inclusions and exclusions 

5.  Contingencies

300

Does an Owner's Policy insure against forgery?


Yes, it does insure that all ownership interest has been properly conveyed throughout the chain of title

300

“People do not decide their futures. They decide their habits, and their habits decide their _______”

What is "futures".  - Larry Kendall

400

This actor, born in Appleton, has a wide range of roles both mainstream and independent. His film debut was an epic Western film Heaven's Gate (1980). He has also had roles in blockbuster hits such as Spider Man, John Carter, American Psycho, and even Finding Nemo.

Who is Willem Dafoe. 

400

Even though it is only one page, this form packs a big punch of power. Without a this document, it is not clear whether both parties agree that the offer is null and void.

What is WB-45 Cancellation Agreement and Mutual Release

400

These are the 5 points of Value to articulate to your sellers. 

Staging

Pricing

Marketing

Negotiating

Transaction Management

400

 Does an Open Permit mentioned on the City Letter affect Title Insurance?



 No, but is typically smart to wrap/close these appropriately with the municipality

400

Your ____________ is your most important business asset and is the central nervous system of your business. 

What is a Database.

500

This revised platform has improved Social integrations, improved and streamlined database management, intuitive and user-friendly interface, and has a roadshow coming for your learning pleasure on June 4th.

What is GalaxyAI.

500

Use to change the terms of the buyer agency agreement after the buyer agency agreement has been accepted. Don't forget to ask your manager to sign as well! 

What is a WB-47 Amendment to the Buyer Agency Agreement.

500

The disposition of a U.S. real property interest by a foreign person . This is essentially a prepayment of anticipated tax due on the gain of the sale of a U.S. real property interest. 

FIRPTA or Foreign Investment Real Property Tax Act

500

It provides insurance coverage between the commitment date and the policy effective date, which oftentimes can be a several-day gap between the two.


What is a GAP Endorsement.

500

People love to buy but they hate to be sold.  So "Stop Selling, ________ _________!

What is "Start Solving"