Construction
Law & Regulation
People
Definition
Acronyms
100

This type of window is required by law for bedrooms.

What is an egress window?

100

You need this many photos for a GLAR MLS listing

What is 10 photos?

100

These two people were among the first to create a team orientated real estate office

Who is Peter MacIntyre and Eleanor Cowen?

100

This is a change to a contract

What is an addendum?

100

GLAR

What is Greater Lansing Association of Realtors?
200

This type of house can provide living for two separate parties.

What is a duplex?


200

This illegal practice is when real estate agents agree to set commission rates

What is price fixing?

200

This person is responsible for RE/MAX East and other offices in the state of Michigan

Who is Bob Plesscher?

200
Term used to describe when the government takes ownership of private property for public use

What is eminent domain?

200

PITI

What is principle, interest, taxes, and insurance?

300

This type of house is only 1 story tall and usually features an open concept. It is most commonly referred to as...

What is a ranch house?

300

What two classes were added to the Fair Housing Act in 1988?

What is disability and familial status?

300

Who is the CEO of GLAR

Who is Meghan Webber?

300

An item of personal property that has been converted to real property by being permanently attached to land or structures

What is a fixture?

300

LTV

What is loan to value?

400

This type of basement with a patio door is know as.

What is a walk-out basement?

400

You are required to carry this item on you at all times when practicing real estate

What is a pocket card?

400

In 1973 Dave and Gail Liniger founded this company

What is RE/MAX?

400

The concept of full ownership of real property

What is bundle of rights?

400

POF

What is proof of funds?

500

In the late 40's the majority of builders switched to this type of residential construction framing style

What is platform frame construction?

500

Out of the nine members on the Michigan Board of Real Estate Brokers and Salespersons, how many have to be public members?

What is three?

500

This person laid brick for many years before becoming a real estate agent

Who is Peter MacIntyre?

500

The ability to exit a parcel of land

What is egress?

500

RESPA

What is the Real Estate Settlement Procedures Act?