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34 Cards in this Set
- Front
- Back
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EARNEST MONEY
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THE CASH DEPOSIT MADE BY A BUYER AS INDICATION OF INTENT TO COMPLETE A TRANSACTION
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EASEMENT
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THE RIGHT OR INTEREST ONE PERSON HAS IN ANOTHERS LAND
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EASEMENT BY NECESSITY
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AN EASEMENT, ACQUIRED BY LAW, THAT IS DEEMED TO BE NECESSARY FOR THE FULL USE AND ENJOYMNET OF ONES LAND
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EASEMENT BY PRESCRIPTION
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AN EASEMENT ACQUIRED THROUGH OPEN, HOSTILE, AND NOTORIOUS USE OF ANOTHERS LAND FOR A STATUTORY PERIOD OF TIME
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EASEMENT IN GROSS
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AN EASEMENT GRANTED PERSONALLY BY AN OWNER BUT THAT IS NOT ATTACHED TO ANY LAND OWNED BY THE OWNER; SIMULAR TO A LICENSE
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ECONOMIC LIFE
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IN APPRAISAL, THE PERIOD OF TIME A PIECE OF REAL ESTATE YIELDS A PROFIT
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ECONOMIC OBSOLESCENCE
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LOSS IN VALUE THAT OCCURS OUTSIDE THE BOUNDRY LINES OF A PROPERTY
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EMINENT DOMAIN
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THE RIGHT OF A GOVERMENT TO TAKE PRIVATE PROPERTY FOR PUBLIC USE FOR WHICH OWNER IS COMPENSATED
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ENCROACHMENT
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UNAUTHORIZED USE OF ANOTHERS LAND
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ENCUMBRANCE
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AN INTEREST OF RIGHT ATTACHED TO A PARCEL OF REAL ESTATE THAT DECREASES THE VALUE BUT DOES NOT PREVENT TRANSFER OF TITLE
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EQUITABLE TITLE
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THE INTEREST HELD BY A BUYER UNDER A CONTRACT FOR DEED OR INSTALLMENT CONTRACT
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EQUITY
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THE AMOUNT OVER AND ABOVE THE INDEBTEDNESS OF A PARCEL OF REAL PROPERTY
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EQUITY OF REDEMPTION
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THE RIGHT OF A OWNER TO REDEEM PROPERTY AFTER A JUDGEMENT, LIEN, OR FORCLOSURE
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ESCALATOR CLAUSE
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A CLAUSE IN A LEASE PERMITTING ADJUSTMNETS IN RENT PAYMNETS DUE TO CHANGES IN EXPENSES, TAXES, INSURANCE, AND INFLATION
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ESCHEAT
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REVERSION OF PROPERTY TO THE STATE WHEN DECEASED DIES INTESTATE WITH NO HEIRS
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ESCROW
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THE HANDELING OF A TRANSACTION THROUGHT A DISINTERESTED THIRD PARTY WHERBY THE ESCROW AGENT IS RESPONSIBLE FOR CARRYING OUT ALL TERMS AND INSTRUCTIONS AS SET BY PARTIES TO THE ESCROW
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ESTATE
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ALL THE INTEREST, IN QUANTITY AND IN QUALITY THAT A PERSON HAS IN REAL PROPERTY
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ESTATE AT SUFFERENCE
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OCCUPANCY OF A PROPERTY BY A TENANT WHOS LEASE HAS EXPIRED AGINST THE WILL OF THE LANDLORD
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ESTATE AT WILL
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OCCUPANCY OF A PROPERTY BY A TENANT WITHOUT A LEASE WITH THE CONCURRENCE OF THE LANDLORD-WITH NOTICE EITHER PARTY MAY TERMINTE OCCUPANCY
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ESTATE FOR LIFE
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AN INTEREST IN PROPERTY THAT TERMINATES UPON DEATH OF SPECIFIED PERSON
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ESTATE FOR YEARS
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A LEASE FOR MORE THAN ONE YEAR
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ESTATE IN REVERSION
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AN ESTATE GRANTED BY ITS OWNER THAT REVERTS TO THE OWNER UPON A SPECIFIFED EVENT
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ESTOPPEL
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A LEGAL DOCTERINE THAT PROHIBITS A PERSON FROM MAKING ASSERTIONS INCONSISTENT WITH PREVIOUS ASSERTIONS OR ACTIONS
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ET AL
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AND OTHERS
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ET UX
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AND WIFE
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EVICTION
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A LEGAL ACTION TO REMOVE TENEANT FROM LEASED PREMISES
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EVIDENCE OF TITLE
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PROOF OF OWNERSHIP OF A PARCEL OF REAL PROPERTY
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EXCLUSIVE AGENCY
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LISTING AGREEMENT GIVING A SOLE BROKER THE RIGHT TO SELL A PROPERTY BUT THAT RESERVES THE RIGHT OF THE OWNER TO SELL PROPERTY PERSONALLY WITHOUT PAYING A COMMISSION
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EXCLUSIVE RIGHT TO SELL
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A LISTING AGREEMENT THAT GIVES A SOLE BROKER THE RIGHT TO SELL A PROPERTY-BROKER RECIEVES A COMMISSION EVEN IF OWNER SELLS
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EXECUTED CONTRACT
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A CONTRACT IN WHICH ALL PARTIES HAVE PREFORMED THEIR PROMISES AND THUS FULFILLED THE CONTRACT
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EXECUTION
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SIGNING AND DELIVERY OF A CONTRACT
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EXECUTOR
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PERSON NAMED IN A WILL TO ADMINISTER A DECEDENT'S ESTATE
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EXECUTORY CONTRACT
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A CONTRACT IN WHICH THERE STILL REMAINS A PROMISE TO BE PERFORMED
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EXPRESSED CONTRACT
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AN ORAL OR WRITTEN CONTRACT IN WHICH THE PARTIES STATE THEIR TERMS AND INTENTIONS IN WORDS
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