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20 Cards in this Set
- Front
- Back
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Working Capital
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Liquid Assets available for the conduct of daily business
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Landlord
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Lessor; property owner
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Steering
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the illegal practice of only showing clients property in certain areas
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Mobile Home
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A manufactured unit constructed on a chassis and wheels; designed for permanent or semi-attachment to land
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Redlining
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the use of a property's location to deny financing
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lessor
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landlord; property owner
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eviction
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the legal process of removing a tenant from the premise for some breach of the lease
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probate sale
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a court approved sale of the property of a deceased person
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tenant
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a renter
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brokerage
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the occupation of a broker. a real estate brokerage is the business of selling real estate through a broker who negotiates the sale for a commission
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writ of possession
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a court order directing the sheriff to remove the tenant and his or her possessions within 5 days
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assingee
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party to whom a lease is assigned or transferred
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business opportunity
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any type of business for lease or sale
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blockbusting
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causing panic selling by telling people that values in the neighborhood will decline because of a specific event, such as the purchase of homes by minorities
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crub appeal
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the impression gained, whether good or bad, of a property when it is first seen, usually from the street while driving by
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surrender
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the voluntary giving up of a lease
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rent
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consideration paid for the use of a property
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lessee
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tenant; renter
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farm
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a specific geographical location in which an agent walks every month on order to obtain listings
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Estate at sufferance
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a tenancy created when one is in the wrongful possession of real estate even though the original possession may have been legal
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