PROPERTY RIGHTS
MONEY MONEY
UNCLE SAM
AGENCY
DEEDS & ACTIONS
100
ANOTHER WORD FOR EMBLEMENTS
What is FRUCTUS INDUSTRIALES
100
FEE ASSOCIATED WITH FHA LOANS TYPICALLY ROLLED INTO LOAN AMOUNT
What is UP-FRONT-MIP
100
GOVERNMENT'S RIGHT TO TAKE LAND WHEN THERE IS NO HEIR
What is ESCHEAT
100
REQUIREMENTS OF A VALID CONTRACT
What is CALL
100
RELEASES ANY INTEREST IN LAND - WHETHER YOU HAVE ANY OR NOT
What is QUIT-CLAIM DEED
200
RIGHT OF AN INDIVIDUAL TO USE LAND THAT CANNOT BE REVOKED BUT ENDS UPON DEATH OR SALE OF PROPERTY
What is PERSONAL EASEMENT IN GROSS
200
MARKET WHERE LENDERS SELL THEIR LOANS THUS FREEING UP MORE MONEY TO LEND TO PUBLIC
What is SECONDARY MORTGAGE MARKET
200
ILLEGAL PRACTICE WHEN A COMPANY REQUIRES THAT WHEN YOU BUY THEIR LISTING, YOU MUST LIST IT WITH THEM WHEN IT COMES TIME TO SELL
What is TIE-IN
200
BROKER WITH NO WRITTEN AGENCY RELATIONSHIP IN TRANSACTION
What is TRANSACTION BROKER
200
OWNERSHIP BY TWO OR MORE PEOPLE/ENTITIES
What is CONCURRENT OWNERSHIP
300
RIGHT OF PROPERTY TO USE ADJACENT PROPERTY THAT RUNS WITH THE LAND
What is EASEMENT APPURTENANT
300
1 POINT = 1% OF LOAN AMOUNT
What is LOAN DISCOUNT POINTS
300
HOURS DURING THE DAY TELEMARKETERS ARE ALLOWED TO CALL REGARDLESS OF WHETHER OR NOT THEY'RE ON THE FEDERAL DO-NOT-CALL REGISTRY
What is 8AM-9PM
300
AGENT'S OBLIGATION TO LOOK OUT FOR BEST INTEREST OF CLIENT
What is LOYALTY
300
RECORDS THE DEED
What is GRANTEE
400
BELONGS TO BUSINESS NOT PROPERTY TO WHICH IT IS ATTACHED
What is TRADE FIXTURE
400
NET OPERATING INCOME รท VALUE
What is CAPITALIZATION RATE
400
MUST BE DELIVERED TO APPLICANT WITHIN 3 DAYS ACCORDING TO RESPA
What is GOOD FAITH ESTIMATE
400
WHEN ONE PARTY IN CONTRACT FAILS TO LIVE UP TO HIS PROMISES
What is DEFAULT
400
CONVEYED FOR LOVE & AFFECTION
What is GIFT DEED
500
DETERMINES LIEN PRIORITY - GENERALLY SPEAKING
What is DATE OF RECORDATION (RACE STATUTES)
500
CLAUSE IN LOAN THAT LIMITS LENDER'S RECOURSE IN DEFAULT TO THE COLLATERAL PROPERTY ONLY
What is EXCULPATORY CLAUSE
500
ONLY $100 DOWN! 12 EASY PAYMENTS! 6% APR!
What are TRIGGER TERMS
500
TERM USED IN OFFER OF PROPERTY WHEN ALL KNOWN DEFECTS ARE DISCLOSED AND SELLER IS NOT OBLIGATED TO MAKE ANY REPAIRS
What is AS-IS
500
TIME, TITLE, POSSESSION & INTEREST
What is 4 UNITIES OF JOINT TENANCY