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30 Cards in this Set
- Front
- Back
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the law that require real Estate contracts to be enforcable |
Frauds |
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written Real Estate contract is assumed agreement |
Parole evidence rule |
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bilateral contract |
promise of one party in exchange for other party |
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breech of contract |
sue the broker |
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borrower makes payment |
satisfaction of mortgage |
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charging more interest than legally allowed |
usury |
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offeree has a right to |
reject |
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all of the following terminate after except |
offer 3rd party |
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best describes contract voidable |
may be valid |
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lender release 1st borrower 2nd buyer |
novation |
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signed sales contract, then defaults |
specific performance |
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clause in mortgage |
acceleration |
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clause on mortgage instrument |
due on sale |
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friendly foreclosure |
deed in lew |
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defeasance clause |
satisfaction of mortgage (payment of mortgage in full) |
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right regain property |
redemption |
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does not sell for sufficient |
defiancy judge |
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pledging of property security |
hypothecation |
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7,000 2nd mortgage loan |
partially amatised |
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solid as a rock. landfill |
being sued criminally restitution |
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real estate suspended or revoked |
hearing |
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licensed real estate sales person |
inform them |
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broker may not legally collect |
prior knowledge |
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real estate recovery fund |
provide means |
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how often do real estate need to be renewed |
2 years |
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95000 |
134.37 |
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13500 |
506.25 |
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120,000 |
119,880 |
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contract with soil on a Lot |
voidable by buyer cuz of fraud |
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real estate laws except |
maintaining minimum income levels for licensees |
