Reading...
Play button
Play button
Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
10 Cards in this Set
- Front
- Back
|
Abandonment
|
A surrender of rights; point when a broker makes no effort to service or sell listed property; failure to perform.
|
|
|
Absentee owner
|
A property holder who does not reside on the property and who usually relies on a property manager to supervise the investment.
|
|
|
Abstract of title
|
Condensed history of title to real property consisting of a summary of the links in the "chain of title" extracted from documents bearing on the title status.
|
|
|
Acceleration clause
|
Stipulation in a mortgage that the entire unpaid balance of the debt may become due and payable if a default of expressed conditions should occur.
|
|
|
Acceptance
|
Voluntary receipt of an item offered by another.
|
|
|
Accretion
|
Gradual addition of land caused by natural forces, such as wind, tide, flood, or watercourse deposits.
|
|
|
Acknowledgment
|
Formal declaration before an authorized official, by the person who executed the instrument, that it is a free act.
|
|
|
Actual notice
|
Information a person has actually learned by reading, seeing, or hearing.
|
|
|
Adjudication
|
A judicial or court decision.
|
|
|
Adjustable-rate mortgage (ARM)
|
A financing technique in which the lender can raise or lower the interest rate according to a set index.
|
