Real Estate Principal Vocab

Front 1

abandonment

Back 1

giving up possession or ownership of proeprty by nonuse, usually accompanied by some affirmative act, such as removing one’s belongings from an apartment

Front 2

Abstract of judgment

Back 2

a statement from the court of the judgment. When recorded, it becomes a general lien on all of the debtor’s property in the county where recorded.

Front 3

abstract of title

Back 3

a summary of digest of all recorded transfers, conveyances, legal proceedings, and any other facts relied on as evidence of title to show continuity of ownership and indicate any possible impariments 缺陷 to title.

Front 4

Acceleration clause

Back 4

a provision in a real estate financing instrument that allows the lender to declare the remaining indebtedness due and payable on the occurrence of certain conditions, such as the sale of the property or the borrower’s default in payment.

Front 5

acceptance

Back 5

indication by the person to whom an offer is made ( the offeree) of agreement to the terms of the offer. If the offer requires a writing, the acceptance also must be in writing.

Front 6

Acceleration upon default

Back 6

all payments become due upon default of any payment. For trust deeds and mortgages in California, the debtor still can cure the default before foreclosure or sale by getting payments caught up and paying the costs.

Front 7

Accord and satisfaction

Back 7

an agreement to accept a lesser consideration than bargained for based on disagreement over performance

Front 8

accession

Back 8

the process of manufactured or natural improvement or addition to property

Front 9

Accretion

Back 9

accession by natural forces, such as alluvion

the gradual buildup of land by natural causes (generally by action of water)

Front 10

Accommodating party

Back 10

third party who has control of funds in delayed

Front 11

Accounting

Back 11

the obligation to account for all money or property belonging to the principal

Front 12

acknowldgment

Back 12

a statement made befor a notary or cour officer that the signing of a document was the signer’s own free act

Front 13

Acquisition cost

Back 13

For FHA - insured loans, the price to procure property, including pruchase price and all nonrecurring closing cost, including discount points, FHA application fee, service charge and credit report, FHA appraisal, escrow, document preparation, title insurance, termite inspection, reconveyance, and recording fees.

Front 14

Acre

Back 14

a measure of land equaling 160 square rods, 4,840 square yards or 43,560 square feet, or a tract about 208.71 feet square.

Front 15

Action for declaratory relief

Back 15

legal proceeding brought to determine the respective rights of the parties before a controversy arises.

Front 16

Action to quiet title

Back 16

a court proceeding brought to esablish title to real property

Front 17

Actual age

Back 17

the number of years since completing of a building; also called historical or chronological age

Front 18

Actual authority

Back 18

The authority agents have because it is specified in the agency agreement or that the agents believe they have becuase of an unintentional or careless act of the principal

Front 19

actual notice

Back 19

notice that has been expressly given and is known to a party

Front 20

Actual fraud

Back 20

a deliverate misrepresentation or a representation made in reckless disregard of its truth or falsity; the suppression of truth; a promise made without the intention to perform it; or any other act intended to deceive.

Front 21

Ad valorem

Back 21

a latin phrase meaning “according to value,” used to describe a tax charged in relation to the value of the property taxed.

Front 22

Ademption 撤销遗赠

Back 22

the revocation of a specific property grant in a will by disposing of said property before death.

Front 23

Administrative agency

Back 23

a government agency that makes rules and regulations to carry out the law

Front 24

Administratior / administratix

Back 24

personal repreresentative of the estate of a decedent, appointed by the porbate court

Front 25

Adjustable-rate mortgage (ARM)

Back 25

finance instrument whose interest rate will vary according to the change in an identified index or rate, such as the 11th District Cost of Funds

Front 26

Adjusted cost basis

Back 26

purchase price of property plus cost of specified improvements, less any depreciation deductions taken on the property

Front 27

Adjusted gross income

Back 27

income from all sources less deductions for taxes, depreciation, and other allowable deductions

Front 28

Adverse possession

Back 28

a method of acquiring title to real property by occupying the property against the interests of the true owner and fulfilling other statutory requirements

Front 29

Admistrative agency

Back 29

a government agency that makes rules and regulations to carry out the law

Front 30

Administrative procedure act 行政管理程序条例

Back 30

a procedural act that must be complied with before revocation, suspension, or denial of a real estate license

Front 31

ad valorem taxes

Back 31

taxes based on value, such as property taxes.

Front 32

Affirative fraud

Back 32

a deliberate statement of a material fact that the speaker knowns to be false and on which the speaker intends another person to rely to his detriment

Front 33

Affordability index

Back 33

an NAR index that measures the ability of median family income to support a mortgage for the median - priced home

Front 34

After-acquired title

Back 34

Title or interest acquired by the grantor after property has been conveyed.

Front 35

agency

Back 35

the relationship between a principal and the agent of the principal that arises out of a contract, whether express or implied, written or oral, by which the agent is employed by the principal to do certain acts dealing with a third party.

Front 36

Advance costs

Back 36

advance payments made to an agent to cover expected cash outlays in carrying out the agency

Front 37

Advance fee

Back 37

a fee for rental information accepted in advance, or a pormotional fee for a sale listing

Front 38

Agency confirmation form

Back 38

written statement required for a residential transaction involving property of one to four residential units, in the wording required by the California Civil Code, and signed by the property seller as well as the listing agent and selling agent ( if different from the listing agent), that indicates the seller’s understanding of the relationship of the seller to the listing and selling agent in the transaction

Front 39

Agency disclosure form

Back 39

written statement required for a residential transaction involving property of one to four residential units, using the wording required by the California Civil Code, and signed by the California Civil Code, and signed by both buyer and seller in a transaction, that explains the various relationships of those involved in a residential property sale.

Front 40

Agent

Back 40

One who acts for and with authority from another person, called principal; a special agent is appointed to carry out a particular act or transaction, and any other agent is a genral agent

Front 41

air rights

Back 41

the real property right to the reasonable use of the airspace above the surface of the land

Front 42

Alienation

Back 42

the transferring of property to anther; an involuntary trasnfer of title

Front 43

Advance fee addendum 附件 附录

Back 43

An agreement specifying activities for which the agent is to be compensated. It would be include a provision for an advance payment of fees

Front 44

alluvion 冲击成的新地

Back 44

冲积土alluvium; the increase of soil along the bank of a body of water by natural forces

Front 45

Adverse possession

Back 45

a method to acquire title. It requires five-year, opebn, notorious, uninterrupted use under some claim of right and the payment of taxes.

Front 46

Americans with disabilities act

Back 46

federal law prohibiting discrimination that would deny the equal enjoyment of goods, services, facilities, and accomodations in any existing place of public accommodation, based on an individual’s physical or mentalo disabilities

Front 47

Amortized loan

amortization

Back 47

the payment of a financial obligation in installments;recovery over a period of time of cost or value. An amortized loan inlcudes both principal and iinterest in approximately equal payments, usually due monthly, resulting in complete payment of the amount borrowed, with interest, by the end of the loan term. A loan has nagative amortization when the loan payments do not cover all the interest due, which then is added to the remaining loan balance.

Front 48

Archor bolts 锚定螺栓

Back 48

bolts that fasten the sill plate of a wood-frame house to the house’s foundation, required in California Since 1931 for all new construction as an earthquake safety measure.

Front 49

Annual percentage rate (APR)

Back 49

The relative cost of credit as determined in accordance with Regulation Z of the Consumer Finaancial Protection Bureau for implementing the federal Truth in Lending Act

Front 50

anticipation, principle of

Back 50

expectation that property will offer future benefits, which tends to increase present value.

Front 51

Aesthetic zoning

Back 51

zoning for beauty

Front 52

Anticipation, principle of

Back 52

expectation that property will offer future benefits, which tends to increase present value.

Front 53

Apparent authority

Back 53

authority to act as an agent that someone appears to have but does not have, which will place no obligation on the party the agent claims to represent if the party is in no way reponsible for the representation.

Front 54

appraisal

Back 54

an estimate of a property’s monetary value on the open market; an estimate of a property’s type and condition, its utility for a given purpose, or its highest and best use

Front 55

affirmaion

Back 55

a formal declaration of the truthfulness of a statement, given in lieu of a verification

Front 56

Affirmative covenant 正面限制条款

Back 56

A covenant under which an owner is required to do something, such as build within a stated period of time

Front 57

affirmative easement

Back 57

easement that gives the dominant tenement owner the right to use the servient tenement

Front 58

Agency by estoppel

Back 58

An agency created when a principal’s conduct led another to believe in the existence of the agency and there by to act to his detriment

Front 59

agency by ratification 批准 认可

Back 59

An agency created by a principal’s approving an unauthorized act to another

Front 60

agency coupled with an interest

Back 60

agency in which an agent has a fiancial interest in the subject matter of the agency

Front 61

Alquist-priolo special studies zone act

Back 61

provides for project approval in close rpoximity to earthquake faults, as well as disclosures to buyers

Front 62

Alteration 改变 变更

Back 62

A change made to a note or contract by one of theparties without the consent of the other

Front 63

amendments to the escrow instructions

Back 63

changes in the escrow instructions, which require the agreement of both the buyer and the seller

Front 64

American land title association (ALTA)

Back 64

the association that developed an extended-coverage policy of title insurance for lenders (same coverage available to buyers)

Front 65

Americans with disabilities act

Back 65

Prohibits discrimination in a place of public accommodation based on an individual’s physical or mental disabilities

Front 66

amortized note

Back 66

a note that will liquidate itself over its term in equal installments

Front 67

Annual percentage yield (APY)

Back 67

annual yield on investmenst considering the compounding of interest earned

Front 68

Anticipatory breach 前期违约

Back 68

act of a party that can be treated as a breach of contract becuase it makes performance by that party impossible

Front 69

Antimerger clause 反合并条款

Back 69

A clause in a mortgage or trust deed that the senior lien holder will retain lien prioprity in the event of a merger (title given to the senior lienholder)

Front 70

appurtnance

Back 70

something that belongs to and goes with property (examples: a structure and easement rights)

anything affixed (attached) to or used with land for its benefit and that is transferred with the land

Front 71

Arbitration

Back 71

nonjudicial 非司法 process for resolution 决议 of disputes either by agreement or mandated by law

Front 72

area

Back 72

measure of the floor or ground space within the perimeter of a building or land parcel

Front 73

Arm’s - length transaction

Back 73

a transaction in which neither party acts under duress and both have full knowledge of the property’s assets and defects, the property involved has been on the market a reasonable length of time, there are no unusual circumstances, and the price represents the normal consideration for the property sold without extraodinary financing

Front 74

Artical 5

Back 74

part of the business and professions code governing transactions in trust deeds and real property sales contracts

Front 75

Article 7

Back 75

part of the business and professions code covering loan costs, commissions, and payment requirements relating to loan brokerage activity.

Front 76

Asbestos

Back 76

naturally occurring fibrous 纤维 silicate mineral linked with various forms of cancer if inhaled and which, until the mid-1970s, was sued for its insulating properties in spray-on and batting applications in homes and commercial structures; remediation can be by containment or removal and requires following stict procedures.

Front 77

Assessed value

Back 77

a valuation placed on a piece of property by a public authority as a basis for levying taxes on that property

Front 78

Assessor

Back 78

the official responsible for determining assessed values

Front 79

assignee

Back 79

party to whom an assignment of rights is made

Front 80

Assignment

Back 80

transfer of rights from one party to another, usually for compensation

transfer of all interest in a contract or lease

Front 81

Assignor

Back 81

aparty making an assignment of rights to someone else

Front 82

associate licensee

Back 82

A real estate salesperson or broker who works as the employee of a real estate broker

Front 83

assumption 假定 假设

Back 83

an undertaking or adoption of a debt or an obligation resting primarily on another person

Front 84

“As is”

Back 84

A phrase used in sale contracts by sellers as an attempt to limit liability for the condition of the premises ( not generally valid when applied to latent defects known by the seller but not disclosed to the buyer)

Front 85

Assignment of contract

Back 85

transfer of all rights under a conrtact to a third party. Assignor remains secondarily liability

Front 86

Assignment of lease

Back 86

The transfer of all rights under a lease by a lessee to a third party, who becomes a tenant of the lessor. The assignee is primarily liable under the lease, while the assinor has secondary liabilty

Front 87

assignment of rent

Back 87

Owner assigns rights to collect rent to another. Usually given to a lienholder when owner is delinquent 拖欠债务 in loan payments

Front 88

assumed loan

Back 88

A loan that can be taken over (assumed) by a purchaser. Such a loan would not have a due-on-sale clause.

Front 89

Assuming a loan

Back 89

the buyer’s agreeing to be primarily liable on the loan while the seller has secondary liability

Front 90

Attachment

Back 90

A prejudment lien that can be obtained to ensure that availability of property for execution after a judgment is obtained

the process by which the real or personal property of a party to a lawsuit is seized and retained in the custody of the court; intended to compel an appearance before the court or to furnish security for a debt or costs arising out of the litigation诉讼 起诉

Front 91

attorney at law

Back 91

someone licensed by the state to practice law

Front 92

Attoney in fact

Back 92

an agent who has been granted a power of attoney by a principal

a person appointed as an agent under a power of attoney

Front 93

Avulsion

Back 93

the tearing or washing away of land along the bank of a body of water by natural forces

the sudden removal of land by action of water, such as river changing its course.

Front 94

Backfill

Back 94

dirt placed against the fundation of a stucture after the concrete used to create the foundation wall has cured and the wood forms in which the concrete was poured have been removed

Front 95

Balance, principal of

Back 95

the combination of land uses that results in the highest property values overall

Front 96

Bait and switch

Back 96

illegal practice of advertising where a seller will not sell an item at a price advertised or does not have the item to sell in order to bring in buyers for other items.

Front 97

Ballon payment

Back 97

a final payment that is more than twice the amount of the lowest payment

an installment payment on a promissory note - usually the final payment - that is significantly large than the other installment payments

Front 98

Bankruptcy

Back 98

Federal proceedings to declare a debtor bankrupt. The debtor is relieved of unsecured obligations (secured obligations when security is given up)

a federal court proceeding in which the court takes possession of the assets of an insolvent debtor and sells the nonexempt assets to pay off creditors on a pro rata basis; title to the debtor’s assets is held by a trustee in bankruptcy

Front 99

base liens

Back 99

imaginary liens that run east - west and intersect meridians that run north-south to form the starting point for land measurement using the rectangular survey system of land description.

Front 100

Base value

Back 100

for property tax assessment purposes, the full cash value of a parcel of real estate as of February 28, 1975, or the date of a subsequent sale or other reasessment event.

Front 101

Basis

Back 101

cost basis is the dollar amount assigned to property at the time of acquisition under provisions of the Internal Revenue Code for the purpose of determining gain, loss, and depreciation in calculating the income tax to be paid on the sale or exchange of the property; adjusted cost basis is derived after the application of certain additions, such as for improvements, and deductions, such as for depreciation.

Front 102

Basis point

Back 102

for financing and investment purposes Z/z// of 1%

Front 103

Beneficiary

Back 103

Lender (or seller) in a trust deed loan situation.

one on whose behalf a trustee holds property conveyed by a trustor; the lender under a deed of trust

Front 104

beneficiary statement

Back 104

statement by beneficiary as to balance due on loan

document provided by the lender if the buyer of a property encumbered by an existing loan will take title to the property subject to that loan

Front 105

Benefit assessment

Back 105

amount owed by owners of porperty that is enhanced by the construction or renovation of improvements

Front 106

Bequest

Back 106

transfer of property, particularly personal property, called a legacy, by will see also devise

personal property transferred by will

Front 107

Bill of sale

Back 107

written instrument that conveys title to personal property

Front 108

Bill of sale

Back 108

written instrument that conveys title to personal property

Front 109

Bilateral contract

Back 109

a mutual exchange of promises; a promise given for a promise

Front 110

Bill of sale

Back 110

written instrument that conveys title to personal property

Front 111

Bilateral contract

Back 111

a mutual exchange of promises; a promise given for a promise

Front 112

Binding contract

Back 112

an agreement that can be enforced in a court of law if one of the parties to the agreement fails to fulfill any of its terms

Front 113

Bill of sale

Back 113

written instrument that conveys title to personal property

Front 114

Bilateral contract

Back 114

a mutual exchange of promises; a promise given for a promise

Front 115

Binding contract

Back 115

an agreement that can be enforced in a court of law if one of the parties to the agreement fails to fulfill any of its terms

Front 116

Bitcoin

Back 116

a crytocurrency that has fluctuating value

Front 117

Bill of sale

Back 117

written instrument that conveys title to personal property

Front 118

Bilateral contract

Back 118

a mutual exchange of promises; a promise given for a promise

Front 119

Binding contract

Back 119

an agreement that can be enforced in a court of law if one of the parties to the agreement fails to fulfill any of its terms

Front 120

Bitcoin

Back 120

a crytocurrency that has fluctuating value

Front 121

Blanket mortgage

Back 121

a mortgage or trust deed covering more than one property

Front 122

Bill of sale

Back 122

written instrument that conveys title to personal property

Front 123

Bilateral contract

Back 123

a mutual exchange of promises; a promise given for a promise

Front 124

Binding contract

Back 124

an agreement that can be enforced in a court of law if one of the parties to the agreement fails to fulfill any of its terms

Front 125

Bitcoin

Back 125

a crytocurrency that has fluctuating value

Front 126

Blanket mortgage

Back 126

a mortgage or trust deed covering more than one property

Front 127

Blind ad

Back 127

ad in which the name of the person placing the ad is not mentioned

an ad that fails to indicate that the advertiser is an agent

Front 128

Bill of sale

Back 128

written instrument that conveys title to personal property

Front 129

Bilateral contract

Back 129

a mutual exchange of promises; a promise given for a promise

Front 130

Binding contract

Back 130

an agreement that can be enforced in a court of law if one of the parties to the agreement fails to fulfill any of its terms

Front 131

Bitcoin

Back 131

a crytocurrency that has fluctuating value

Front 132

Blanket mortgage

Back 132

a mortgage or trust deed covering more than one property

Front 133

Blind ad

Back 133

ad in which the name of the person placing the ad is not mentioned

an ad that fails to indicate that the advertiser is an agent

Front 134

Blockbusting

Back 134

the practice on the part of the unscrupulous无道德原则的 speculators投机者 or real estate agents of inducing panic selling of homes at prices below-market value, especially by exploiting the prejudices of property owners in neighborhoods in which the racial make up is changing or appears to be on the verge of changing

inducing panic selling based on fear of the entry of people of another race, color, religion, or ancestry into the area.

Front 135

Bill of sale

Back 135

written instrument that conveys title to personal property

Front 136

Bilateral contract

Back 136

a mutual exchange of promises; a promise given for a promise

Front 137

Binding contract

Back 137

an agreement that can be enforced in a court of law if one of the parties to the agreement fails to fulfill any of its terms

Front 138

Bitcoin

Back 138

a crytocurrency that has fluctuating value

Front 139

Blanket mortgage

Back 139

a mortgage or trust deed covering more than one property

Front 140

Blind ad

Back 140

ad in which the name of the person placing the ad is not mentioned

an ad that fails to indicate that the advertiser is an agent

Front 141

Blockbusting

Back 141

the practice on the part of the unscrupulous无道德原则的 speculators投机者 or real estate agents of inducing panic selling of homes at prices below-market value, especially by exploiting the prejudices of property owners in neighborhoods in which the racial make up is changing or appears to be on the verge of changing

inducing panic selling based on fear of the entry of people of another race, color, religion, or ancestry into the area.

Front 142

Bond

Back 142

an obligation; a real estate bond is a written obligation issued on security of a mortgage or trust deed

Front 143

Bill of sale

Back 143

written instrument that conveys title to personal property

Front 144

Bilateral contract

Back 144

a mutual exchange of promises; a promise given for a promise

Front 145

Binding contract

Back 145

an agreement that can be enforced in a court of law if one of the parties to the agreement fails to fulfill any of its terms

Front 146

Bitcoin

Back 146

a crytocurrency that has fluctuating value

Front 147

Blanket mortgage

Back 147

a mortgage or trust deed covering more than one property

Front 148

Blind ad

Back 148

ad in which the name of the person placing the ad is not mentioned

an ad that fails to indicate that the advertiser is an agent

Front 149

Blockbusting

Back 149

the practice on the part of the unscrupulous无道德原则的 speculators投机者 or real estate agents of inducing panic selling of homes at prices below-market value, especially by exploiting the prejudices of property owners in neighborhoods in which the racial make up is changing or appears to be on the verge of changing

inducing panic selling based on fear of the entry of people of another race, color, religion, or ancestry into the area.

Front 150

Bond

Back 150

an obligation; a real estate bond is a written obligation issued on security of a mortgage or trust deed

Front 151

Book value

Back 151

the current value for accounting purposes of an asset expressed as original cost plus capital additions minus accumulated 累积的 depreciation

Front 152

Bill of sale

Back 152

written instrument that conveys title to personal property

Front 153

Bilateral contract

Back 153

a mutual exchange of promises; a promise given for a promise

Front 154

Binding contract

Back 154

an agreement that can be enforced in a court of law if one of the parties to the agreement fails to fulfill any of its terms

Front 155

Bitcoin

Back 155

a crytocurrency that has fluctuating value

Front 156

Blanket mortgage

Back 156

a mortgage or trust deed covering more than one property

Front 157

Blind ad

Back 157

ad in which the name of the person placing the ad is not mentioned

an ad that fails to indicate that the advertiser is an agent

Front 158

Blockbusting

Back 158

the practice on the part of the unscrupulous无道德原则的 speculators投机者 or real estate agents of inducing panic selling of homes at prices below-market value, especially by exploiting the prejudices of property owners in neighborhoods in which the racial make up is changing or appears to be on the verge of changing

inducing panic selling based on fear of the entry of people of another race, color, religion, or ancestry into the area.

Front 159

Bond

Back 159

an obligation; a real estate bond is a written obligation issued on security of a mortgage or trust deed

Front 160

Book value

Back 160

the current value for accounting purposes of an asset expressed as original cost plus capital additions minus accumulated 累积的 depreciation

Front 161

boot

Back 161

cash received in an exchange of property in addition to the property

Front 162

Bill of sale

Back 162

written instrument that conveys title to personal property

Front 163

Bracing

Back 163

use of one or more construction methods, such as plywood wall sheathing 防护物, to enable a structure to withstand 顶住 the pressures caused by high winds and earth movement. Information on bracing systems can be found at the website of the Enginerred Wood Association.

Front 164

Bilateral contract

Back 164

a mutual exchange of promises; a promise given for a promise

Front 165

Binding contract

Back 165

an agreement that can be enforced in a court of law if one of the parties to the agreement fails to fulfill any of its terms

Front 166

Bitcoin

Back 166

a crytocurrency that has fluctuating value

Front 167

Blanket mortgage

Back 167

a mortgage or trust deed covering more than one property

Front 168

Blind ad

Back 168

ad in which the name of the person placing the ad is not mentioned

an ad that fails to indicate that the advertiser is an agent

Front 169

Blockbusting

Back 169

the practice on the part of the unscrupulous无道德原则的 speculators投机者 or real estate agents of inducing panic selling of homes at prices below-market value, especially by exploiting the prejudices of property owners in neighborhoods in which the racial make up is changing or appears to be on the verge of changing

inducing panic selling based on fear of the entry of people of another race, color, religion, or ancestry into the area.

Front 170

Bond

Back 170

an obligation; a real estate bond is a written obligation issued on security of a mortgage or trust deed

Front 171

Book value

Back 171

the current value for accounting purposes of an asset expressed as original cost plus capital additions minus accumulated 累积的 depreciation

Front 172

boot

Back 172

cash received in an exchange of property in addition to the property

Front 173

Bill of sale

Back 173

written instrument that conveys title to personal property

Front 174

Bracing

Back 174

use of one or more construction methods, such as plywood wall sheathing 防护物, to enable a structure to withstand 顶住 the pressures caused by high winds and earth movement. Information on bracing systems can be found at the website of the Enginerred Wood Association.

Front 175

Breach of contract

Back 175

the failure of a duty imposed by law or by contract, either by omission or commission.

failure to comply with a material term or provision of a contract

Front 176

Bilateral contract

Back 176

a mutual exchange of promises; a promise given for a promise

Front 177

Binding contract

Back 177

an agreement that can be enforced in a court of law if one of the parties to the agreement fails to fulfill any of its terms

Front 178

Bitcoin

Back 178

a crytocurrency that has fluctuating value

Front 179

Blanket mortgage

Back 179

a mortgage or trust deed covering more than one property

Front 180

Blind ad

Back 180

ad in which the name of the person placing the ad is not mentioned

an ad that fails to indicate that the advertiser is an agent

Front 181

Blockbusting

Back 181

the practice on the part of the unscrupulous无道德原则的 speculators投机者 or real estate agents of inducing panic selling of homes at prices below-market value, especially by exploiting the prejudices of property owners in neighborhoods in which the racial make up is changing or appears to be on the verge of changing

inducing panic selling based on fear of the entry of people of another race, color, religion, or ancestry into the area.

Front 182

Bond

Back 182

an obligation; a real estate bond is a written obligation issued on security of a mortgage or trust deed

Front 183

Book value

Back 183

the current value for accounting purposes of an asset expressed as original cost plus capital additions minus accumulated 累积的 depreciation

Front 184

boot

Back 184

cash received in an exchange of property in addition to the property

Front 185

Bill of sale

Back 185

written instrument that conveys title to personal property

Front 186

Bracing

Back 186

use of one or more construction methods, such as plywood wall sheathing 防护物, to enable a structure to withstand 顶住 the pressures caused by high winds and earth movement. Information on bracing systems can be found at the website of the Enginerred Wood Association.

Front 187

Breach of contract

Back 187

the failure of a duty imposed by law or by contract, either by omission or commission.

failure to comply with a material term or provision of a contract

Front 188

Broker

Back 188

licensed real estate agent who can deal directly with principals and employ licensed real estate salespeople.

Front 189

Bilateral contract

Back 189

a mutual exchange of promises; a promise given for a promise

Front 190

Binding contract

Back 190

an agreement that can be enforced in a court of law if one of the parties to the agreement fails to fulfill any of its terms

Front 191

Bitcoin

Back 191

a crytocurrency that has fluctuating value

Front 192

Blanket mortgage

Back 192

a mortgage or trust deed covering more than one property

Front 193

Blind ad

Back 193

ad in which the name of the person placing the ad is not mentioned

an ad that fails to indicate that the advertiser is an agent

Front 194

Blockbusting

Back 194

the practice on the part of the unscrupulous无道德原则的 speculators投机者 or real estate agents of inducing panic selling of homes at prices below-market value, especially by exploiting the prejudices of property owners in neighborhoods in which the racial make up is changing or appears to be on the verge of changing

inducing panic selling based on fear of the entry of people of another race, color, religion, or ancestry into the area.

Front 195

Bond

Back 195

an obligation; a real estate bond is a written obligation issued on security of a mortgage or trust deed

Front 196

Book value

Back 196

the current value for accounting purposes of an asset expressed as original cost plus capital additions minus accumulated 累积的 depreciation

Front 197

boot

Back 197

cash received in an exchange of property in addition to the property

Front 198

Bill of sale

Back 198

written instrument that conveys title to personal property

Front 199

Bracing

Back 199

use of one or more construction methods, such as plywood wall sheathing 防护物, to enable a structure to withstand 顶住 the pressures caused by high winds and earth movement. Information on bracing systems can be found at the website of the Enginerred Wood Association.

Front 200

Breach of contract

Back 200

the failure of a duty imposed by law or by contract, either by omission or commission.

failure to comply with a material term or provision of a contract

Front 201

Broker

Back 201

licensed real estate agent who can deal directly with principals and employ licensed real estate salespeople.

Front 202

Broker associate

Back 202

a licensed broker working as a salesperson

Front 203

Bilateral contract

Back 203

a mutual exchange of promises; a promise given for a promise

Front 204

Binding contract

Back 204

an agreement that can be enforced in a court of law if one of the parties to the agreement fails to fulfill any of its terms

Front 205

Bitcoin

Back 205

a crytocurrency that has fluctuating value

Front 206

Blanket mortgage

Back 206

a mortgage or trust deed covering more than one property

Front 207

Blind ad

Back 207

ad in which the name of the person placing the ad is not mentioned

an ad that fails to indicate that the advertiser is an agent

Front 208

Blockbusting

Back 208

the practice on the part of the unscrupulous无道德原则的 speculators投机者 or real estate agents of inducing panic selling of homes at prices below-market value, especially by exploiting the prejudices of property owners in neighborhoods in which the racial make up is changing or appears to be on the verge of changing

inducing panic selling based on fear of the entry of people of another race, color, religion, or ancestry into the area.

Front 209

Bond

Back 209

an obligation; a real estate bond is a written obligation issued on security of a mortgage or trust deed

Front 210

Book value

Back 210

the current value for accounting purposes of an asset expressed as original cost plus capital additions minus accumulated 累积的 depreciation

Front 211

boot

Back 211

cash received in an exchange of property in addition to the property

Front 212

Broker officer

Back 212

a licensed broker who is an officer of a brokerage that is set up as a corporation and who is designated as the broker responsible for supervision of licensed employees of the brokerage.

Front 213

Broker’s loan statement

Back 213

a disclosure statement given to borrowers by mortgage loan brokers that provides information on all costs, fees, and loan terms.

Front 214

Broker’s loan statement

Back 214

a disclosure statement given to borrowers by mortgage loan brokers that provides information on all costs, fees, and loan terms.

Front 215

Broker’s price opinion (BPO)

Back 215

an estimate of property value that is not an appraisal but is developed by a real estate broker based on comparable sales in the area.

Front 216

Broker’s loan statement

Back 216

a disclosure statement given to borrowers by mortgage loan brokers that provides information on all costs, fees, and loan terms.

Front 217

Broker’s price opinion (BPO)

Back 217

an estimate of property value that is not an appraisal but is developed by a real estate broker based on comparable sales in the area.

Front 218

Brownfield

Back 218

a site identified by the Environmental Protection Agency as containing hazardous 危害的 substances 物质, pollutants, or contaminants 污染物

Front 219

Broker’s loan statement

Back 219

a disclosure statement given to borrowers by mortgage loan brokers that provides information on all costs, fees, and loan terms.

Front 220

Broker’s price opinion (BPO)

Back 220

an estimate of property value that is not an appraisal but is developed by a real estate broker based on comparable sales in the area.

Front 221

Brownfield

Back 221

a site identified by the Environmental Protection Agency as containing hazardous 危害的 substances 物质, pollutants, or contaminants 污染物

Front 222

building code

Back 222

standards for building, planning, and construction established by state law and local ordinance.

Front 223

bulk sales act

Back 223

An act that requires recording and publication of a sale not in the normal course of business.

Front 224

bulk sales act

Back 224

An act that requires recording and publication of a sale not in the normal course of business.

Front 225

bulk zoning

Back 225

zoning density with open-sapce requirements, as well as setback, parking, and height restrictions.

Front 226

bulk sales act

Back 226

An act that requires recording and publication of a sale not in the normal course of business.

Front 227

bulk zoning

Back 227

zoning density with open-sapce requirements, as well as setback, parking, and height restrictions.

Front 228

Building permit

Back 228

approval granted by the appropriate municipal 自治城市的, county, or other governing authority to begin construction of an improvement to real estate following review of the building plan submitted by the permit applicant and revision of the plan as required.

Front 229

Bulk transfer of goods

Back 229

any transfer of a substantial 大量的 part of the materials, supplies, merchandise, equipment, or other inventory详细目录 of a business that is not in the ordinary course of the business’s activities.

Front 230

Bundle of rights

Back 230

The legal rights of ownership of real property, including the rights of possession拥有 持有， use, disposition转让, and exclusion排斥 排除 of others from the property.

all beneficial rights that go with ownership of real property.

Front 231

Bundle of rights

Back 231

The legal rights of ownership of real property, including the rights of possession拥有 持有， use, disposition转让, and exclusion排斥 排除 of others from the property.

all beneficial rights that go with ownership of real property.

Front 232

burden of proof

Back 232

the party required to prove a fact when an issue is in dispute.

Front 233

Bundle of rights

Back 233

The legal rights of ownership of real property, including the rights of possession拥有 持有， use, disposition转让, and exclusion排斥 排除 of others from the property.

all beneficial rights that go with ownership of real property.

Front 234

burden of proof

Back 234

the party required to prove a fact when an issue is in dispute.

Front 235

Bureau of real estate

Back 235

The former name for department of real estate

administers 管理 治理 the Califronia real estate law (part of the California Department of Consumer Affairs).

Front 236

Bundle of rights

Back 236

The legal rights of ownership of real property, including the rights of possession拥有 持有， use, disposition转让, and exclusion排斥 排除 of others from the property.

all beneficial rights that go with ownership of real property.

Front 237

burden of proof

Back 237

the party required to prove a fact when an issue is in dispute.

Front 238

Bureau of real estate

Back 238

The former name for department of real estate

administers 管理 治理 the Califronia real estate law (part of the California Department of Consumer Affairs).

Front 239

Business and Professions Code

Back 239

Califronia code that contains the Real Estate Law, which includes real estate licensing, transaction requirements, and the subdivided lands law.

Front 240

Bundle of rights

Back 240

The legal rights of ownership of real property, including the rights of possession拥有 持有， use, disposition转让, and exclusion排斥 排除 of others from the property.

all beneficial rights that go with ownership of real property.

Front 241

burden of proof

Back 241

the party required to prove a fact when an issue is in dispute.

Front 242

Bureau of real estate

Back 242

The former name for department of real estate

administers 管理 治理 the Califronia real estate law (part of the California Department of Consumer Affairs).

Front 243

Business and Professions Code

Back 243

Califronia code that contains the Real Estate Law, which includes real estate licensing, transaction requirements, and the subdivided lands law.

Front 244

Business opportunity

Back 244

the assests of an existing business enterprise企业机构, including its goodwill.

a business, including fixtures, stock in trade, and goodwill

Front 245

Bundle of rights

Back 245

The legal rights of ownership of real property, including the rights of possession拥有 持有， use, disposition转让, and exclusion排斥 排除 of others from the property.

all beneficial rights that go with ownership of real property.

Front 246

burden of proof

Back 246

the party required to prove a fact when an issue is in dispute.

Front 247

Bureau of real estate

Back 247

The former name for department of real estate

administers 管理 治理 the Califronia real estate law (part of the California Department of Consumer Affairs).

Front 248

Business and Professions Code

Back 248

Califronia code that contains the Real Estate Law, which includes real estate licensing, transaction requirements, and the subdivided lands law.

Front 249

Business opportunity

Back 249

the assests of an existing business enterprise企业机构, including its goodwill.

a business, including fixtures, stock in trade, and goodwill

Front 250

Buyer’s market

Back 250

real estate marketplace that has more buyers than sellers

Front 251

Bundle of rights

Back 251

The legal rights of ownership of real property, including the rights of possession拥有 持有， use, disposition转让, and exclusion排斥 排除 of others from the property.

all beneficial rights that go with ownership of real property.

Front 252

burden of proof

Back 252

the party required to prove a fact when an issue is in dispute.

Front 253

Bureau of real estate

Back 253

The former name for department of real estate

administers 管理 治理 the Califronia real estate law (part of the California Department of Consumer Affairs).

Front 254

Business and Professions Code

Back 254

Califronia code that contains the Real Estate Law, which includes real estate licensing, transaction requirements, and the subdivided lands law.

Front 255

Business opportunity

Back 255

the assests of an existing business enterprise企业机构, including its goodwill.

a business, including fixtures, stock in trade, and goodwill

Front 256

Buyer’s market

Back 256

real estate marketplace that has more buyers than sellers

Front 257

Buyer listing

Back 257

an agreement whereby a buyer agrees to pay a commission if the broker locates a property the buyer purchases.

Front 258

Calvet loan

Back 258

home or farm loan procured through the Califronia Veterans Farm and Home Purchase program

Front 259

Calvet loan

Back 259

home or farm loan procured through the Califronia Veterans Farm and Home Purchase program

Front 260

California environmental quality act

Back 260

law that allows local goverment to require environmental impact reports and allows private citizens to challenge a project if they feel proper procedures were not taken or a report is not complete.

Front 261

Calvet loan

Back 261

home or farm loan procured through the Califronia Veterans Farm and Home Purchase program

Front 262

California environmental quality act

Back 262

law that allows local goverment to require environmental impact reports and allows private citizens to challenge a project if they feel proper procedures were not taken or a report is not complete.

Front 263

Capital assets 固定资产

Back 263

assets of a permanent nature used in the production of income, such as land, buildings, machinery, and equipment; usually distinguishable 区别得开的；可辨认的 under income tax law from “inventory”, assets held for sale to customers in the ordinary course of the taxpayer’s trade or business.

Front 264

Calvet loan

Back 264

home or farm loan procured through the Califronia Veterans Farm and Home Purchase program

Front 265

California environmental quality act

Back 265

law that allows local goverment to require environmental impact reports and allows private citizens to challenge a project if they feel proper procedures were not taken or a report is not complete.

Front 266

Capital assets 固定资产

Back 266

assets of a permanent nature used in the production of income, such as land, buildings, machinery, and equipment; usually distinguishable 区别得开的；可辨认的 under income tax law from “inventory”, assets held for sale to customers in the ordinary course of the taxpayer’s trade or business.

Front 267

Capital gain

Back 267

the amount by which the net resale proceeds of a capital item exceed the adjusted cost basis of the item

Front 268

Capitalization rate

Back 268

the rate of interest that is considered a reasonable return on an investment, used in the process of determining value based on net operating income; the yield necessary to attract investment.

Front 269

Capitalization rate

Back 269

the rate of interest that is considered a reasonable return on an investment, used in the process of determining value based on net operating income; the yield necessary to attract investment.

Front 270

Capitalization recapture 资本化夺回

Back 270

the return of an investment; an amortization rate based on the right of ownership or over the productive life of the improvements; computed by straight-line depreciation, by using Inwood tables or Hoskold tables. (Students should refer to real estate apprasal text for further explanation.)

Front 271

California bureau of real estate (CalBRE)

Back 271

California agency that administers the Real Estate Law, including the licensing of real estate brokers and salespeople.

Front 272

California bureau of real estate (CalBRE)

Back 272

California agency that administers the Real Estate Law, including the licensing of real estate brokers and salespeople.

Front 273

California bureau of real estate appraisers (BREA)

Back 273

Califronia office that licenses and regulates real estate appraisers.

Front 274

California bureau of real estate (CalBRE)

Back 274

California agency that administers the Real Estate Law, including the licensing of real estate brokers and salespeople.

Front 275

California bureau of real estate appraisers (BREA)

Back 275

Califronia office that licenses and regulates real estate appraisers.

Front 276

California Department of Business Oversight (DBO)

Back 276

California agency that regulates licensees and industries formerly under the control of the department of corporations and department of financial insitutions.

Front 277

California bureau of real estate (CalBRE)

Back 277

California agency that administers the Real Estate Law, including the licensing of real estate brokers and salespeople.

Front 278

California bureau of real estate appraisers (BREA)

Back 278

Califronia office that licenses and regulates real estate appraisers.

Front 279

California Department of Business Oversight (DBO)

Back 279

California agency that regulates licensees and industries formerly under the control of the department of corporations and department of financial insitutions.

Front 280

Califronia department of insurance

Back 280

califronia agency that regulates insurers 保险公司 承保人

Front 281

California bureau of real estate (CalBRE)

Back 281

California agency that administers the Real Estate Law, including the licensing of real estate brokers and salespeople.

Front 282

California bureau of real estate appraisers (BREA)

Back 282

Califronia office that licenses and regulates real estate appraisers.

Front 283

California Department of Business Oversight (DBO)

Back 283

California agency that regulates licensees and industries formerly under the control of the department of corporations and department of financial insitutions.

Front 284

Califronia department of insurance

Back 284

califronia agency that regulates insurers 保险公司 承保人

Front 285

California department of public health

Back 285

califronia agency that regulates construction activities affecting the water supply and other public health issues; formerly part of the california department of health services.

Front 286

California bureau of real estate (CalBRE)

Back 286

California agency that administers the Real Estate Law, including the licensing of real estate brokers and salespeople.

Front 287

California bureau of real estate appraisers (BREA)

Back 287

Califronia office that licenses and regulates real estate appraisers.

Front 288

California Department of Business Oversight (DBO)

Back 288

California agency that regulates licensees and industries formerly under the control of the department of corporations and department of financial insitutions.

Front 289

Califronia department of insurance

Back 289

califronia agency that regulates insurers 保险公司 承保人

Front 290

California department of public health

Back 290

califronia agency that regulates construction activities affecting the water supply and other public health issues; formerly part of the california department of health services.

Front 291

California finance lender

Back 291

licensee under the California Finance Lenders Law who is in the bussiness of making consumer loans or commercial loans in which personal property may be used as collateral.

Front 292

California bureau of real estate (CalBRE)

Back 292

California agency that administers the Real Estate Law, including the licensing of real estate brokers and salespeople.

Front 293

California bureau of real estate appraisers (BREA)

Back 293

Califronia office that licenses and regulates real estate appraisers.

Front 294

California Department of Business Oversight (DBO)

Back 294

California agency that regulates licensees and industries formerly under the control of the department of corporations and department of financial insitutions.

Front 295

Califronia department of insurance

Back 295

califronia agency that regulates insurers 保险公司 承保人

Front 296

California department of public health

Back 296

califronia agency that regulates construction activities affecting the water supply and other public health issues; formerly part of the california department of health services.

Front 297

California finance lender

Back 297

licensee under the California Finance Lenders Law who is in the bussiness of making consumer loans or commercial loans in which personal property may be used as collateral.

Front 298

California foreclosure reduction act

Back 298

effective January 1, 2013, revised procedure for nonjudicial 非司法 非诉讼性的； foreclosures; also known as the California Home owner Bill of Rights

Front 299

California bureau of real estate (CalBRE)

Back 299

California agency that administers the Real Estate Law, including the licensing of real estate brokers and salespeople.

Front 300

California bureau of real estate appraisers (BREA)

Back 300

Califronia office that licenses and regulates real estate appraisers.

Front 301

California Department of Business Oversight (DBO)

Back 301

California agency that regulates licensees and industries formerly under the control of the department of corporations and department of financial insitutions.

Front 302

Califronia department of insurance

Back 302

califronia agency that regulates insurers 保险公司 承保人

Front 303

California department of public health

Back 303

califronia agency that regulates construction activities affecting the water supply and other public health issues; formerly part of the california department of health services.

Front 304

California finance lender

Back 304

licensee under the California Finance Lenders Law who is in the bussiness of making consumer loans or commercial loans in which personal property may be used as collateral.

Front 305

California foreclosure reduction act

Back 305

effective January 1, 2013, revised procedure for nonjudicial 非司法 非诉讼性的； foreclosures; also known as the California Home owner Bill of Rights

Front 306

California franchise tax board

Back 306

California department that collects state personal income taxes and bank and corporation taxes.

Front 307

California bureau of real estate (CalBRE)

Back 307

California agency that administers the Real Estate Law, including the licensing of real estate brokers and salespeople.

Front 308

California bureau of real estate appraisers (BREA)

Back 308

Califronia office that licenses and regulates real estate appraisers.

Front 309

California Department of Business Oversight (DBO)

Back 309

California agency that regulates licensees and industries formerly under the control of the department of corporations and department of financial insitutions.

Front 310

Califronia department of insurance

Back 310

califronia agency that regulates insurers 保险公司 承保人

Front 311

California department of public health

Back 311

califronia agency that regulates construction activities affecting the water supply and other public health issues; formerly part of the california department of health services.

Front 312

California finance lender

Back 312

licensee under the California Finance Lenders Law who is in the bussiness of making consumer loans or commercial loans in which personal property may be used as collateral.

Front 313

California foreclosure reduction act

Back 313

effective January 1, 2013, revised procedure for nonjudicial 非司法 非诉讼性的； foreclosures; also known as the California Home owner Bill of Rights

Front 314

California franchise tax board

Back 314

California department that collects state personal income taxes and bank and corporation taxes.

Front 315

california housing finance agency ( CalHFA)

Back 315

chartered in 1975 as a self supported affordable housing bank to ake low interest loans funded by the sale of exempt bonds. Cal HFA bonds are repaid by mortgage loan revenue.

Front 316

California bureau of real estate (CalBRE)

Back 316

California agency that administers the Real Estate Law, including the licensing of real estate brokers and salespeople.

Front 317

California bureau of real estate appraisers (BREA)

Back 317

Califronia office that licenses and regulates real estate appraisers.

Front 318

California Department of Business Oversight (DBO)

Back 318

California agency that regulates licensees and industries formerly under the control of the department of corporations and department of financial insitutions.

Front 319

Califronia department of insurance

Back 319

califronia agency that regulates insurers 保险公司 承保人

Front 320

California department of public health

Back 320

califronia agency that regulates construction activities affecting the water supply and other public health issues; formerly part of the california department of health services.

Front 321

California finance lender

Back 321

licensee under the California Finance Lenders Law who is in the bussiness of making consumer loans or commercial loans in which personal property may be used as collateral.

Front 322

California foreclosure reduction act

Back 322

effective January 1, 2013, revised procedure for nonjudicial 非司法 非诉讼性的； foreclosures; also known as the California Home owner Bill of Rights

Front 323

California franchise tax board

Back 323

California department that collects state personal income taxes and bank and corporation taxes.

Front 324

california housing finance agency ( CalHFA)

Back 324

chartered in 1975 as a self supported affordable housing bank to ake low interest loans funded by the sale of exempt bonds. Cal HFA bonds are repaid by mortgage loan revenue.

Front 325

California residential mortgage lending act

Back 325

part of the Califronia Financial Code that regulates mortgage bankers.

Front 326

California bureau of real estate (CalBRE)

Back 326

California agency that administers the Real Estate Law, including the licensing of real estate brokers and salespeople.

Front 327

Califronia Solar initiative

Back 327

state law effective January 1, 2008, that requires municipal utilities to offer a solar incentive激励 刺激 program to customers.

Front 328

California bureau of real estate appraisers (BREA)

Back 328

Califronia office that licenses and regulates real estate appraisers.

Front 329

California Department of Business Oversight (DBO)

Back 329

California agency that regulates licensees and industries formerly under the control of the department of corporations and department of financial insitutions.

Front 330

Califronia department of insurance

Back 330

califronia agency that regulates insurers 保险公司 承保人

Front 331

California department of public health

Back 331

califronia agency that regulates construction activities affecting the water supply and other public health issues; formerly part of the california department of health services.

Front 332

California finance lender

Back 332

licensee under the California Finance Lenders Law who is in the bussiness of making consumer loans or commercial loans in which personal property may be used as collateral.

Front 333

California foreclosure reduction act

Back 333

effective January 1, 2013, revised procedure for nonjudicial 非司法 非诉讼性的； foreclosures; also known as the California Home owner Bill of Rights

Front 334

California franchise tax board

Back 334

California department that collects state personal income taxes and bank and corporation taxes.

Front 335

california housing finance agency ( CalHFA)

Back 335

chartered in 1975 as a self supported affordable housing bank to ake low interest loans funded by the sale of exempt bonds. Cal HFA bonds are repaid by mortgage loan revenue.

Front 336

California residential mortgage lending act

Back 336

part of the Califronia Financial Code that regulates mortgage bankers.

Front 337

california solar initiative

Back 337

state law effective January 1, 2008, that requires municipal utilities to offer a solar incentive program to customers.

Front 338

Cash flow

Back 338

the net income generated by a property before depreciation and other noncash expenses.

Front 339

Cash flow

Back 339

the net income generated by a property before depreciation and other noncash expenses.

Front 340

caveat emptor

Back 340

latin phrase meaning “let the buyer beaware”

former rule of law that the buyer was responsible for determining condition of item purchased. It has been superseded 作废的 被取代的 by disclosure requirements and antifraud legislation法规 法律

Front 341

California fair employment and housing opportunity act

Back 341

California’s fair housing act; known as the Runford Act

Front 342

california homeowners bill of rights

Back 342

intended to guarantee fairness and transparency for homeowners in the foreclosure process.

Front 343

california homeowners bill of rights

Back 343

intended to guarantee fairness and transparency for homeowners in the foreclosure process.

Front 344

California housing financial discrimination act of 1977 (holden act)

Back 344

california act prohibiting lender discrimination for any reason unrelated to the credit of the loan applicant

Front 345

california homeowners bill of rights

Back 345

intended to guarantee fairness and transparency for homeowners in the foreclosure process.

Front 346

California housing financial discrimination act of 1977 (holden act)

Back 346

california act prohibiting lender discrimination for any reason unrelated to the credit of the loan applicant

Front 347

Carryback financing

Back 347

financing where the seller is financing the buyer

Front 348

california homeowners bill of rights

Back 348

intended to guarantee fairness and transparency for homeowners in the foreclosure process.

Front 349

California housing financial discrimination act of 1977 (holden act)

Back 349

california act prohibiting lender discrimination for any reason unrelated to the credit of the loan applicant

Front 350

Carryback financing

Back 350

financing where the seller is financing the buyer

Front 351

Cartwright act

Back 351

Califronia’s antitrust act 反垄断法

Front 352

CC&Rs

Back 352

covenants, conditions, and restrictions; limitations on land use imposed by deed, usually when land is subdivided, as a means of regulating building construction, density, and use for the benefit of other proeprty owners; may be referred to simply as restrictions.

Front 353

CC&Rs

Back 353

covenants, conditions, and restrictions; limitations on land use imposed by deed, usually when land is subdivided, as a means of regulating building construction, density, and use for the benefit of other proeprty owners; may be referred to simply as restrictions.

Front 354

CERCLA

Back 354

Federal Comprehensive Environmental Response, comprehansation and liability act dealing with liability of owners, prior owners, and polluters of property for cleanup costs.

Front 355

CC&Rs

Back 355

covenants, conditions, and restrictions; limitations on land use imposed by deed, usually when land is subdivided, as a means of regulating building construction, density, and use for the benefit of other proeprty owners; may be referred to simply as restrictions.

Front 356

CERCLA

Back 356

Federal Comprehensive Environmental Response, comprehansation and liability act dealing with liability of owners, prior owners, and polluters of property for cleanup costs.

Front 357

Certificate of resonable value

Back 357

proeprty appraisal required for a VA guaranteed loan

Front 358

CC&Rs

Back 358

covenants, conditions, and restrictions; limitations on land use imposed by deed, usually when land is subdivided, as a means of regulating building construction, density, and use for the benefit of other proeprty owners; may be referred to simply as restrictions.

Front 359

CERCLA

Back 359

Federal Comprehensive Environmental Response, comprehansation and liability act dealing with liability of owners, prior owners, and polluters of property for cleanup costs.

Front 360

Certificate of resonable value

Back 360

proeprty appraisal required for a VA guaranteed loan

Front 361

Certificate of redemption

Back 361

Issued by the county tax collector when all past due amounts have been paid.

Front 362

CC&Rs

Back 362

covenants, conditions, and restrictions; limitations on land use imposed by deed, usually when land is subdivided, as a means of regulating building construction, density, and use for the benefit of other proeprty owners; may be referred to simply as restrictions.

Front 363

CERCLA

Back 363

Federal Comprehensive Environmental Response, comprehansation and liability act dealing with liability of owners, prior owners, and polluters of property for cleanup costs.

Front 364

Certificate of resonable value

Back 364

proeprty appraisal required for a VA guaranteed loan

Front 365

Certificate of redemption

Back 365

Issued by the county tax collector when all past due amounts have been paid.

Front 366

Certificate of discharge

Back 366

document that is recorded by a morgagee as evidence of the release of the morgaee’s lien right.

Front 367

CC&Rs

Back 367

covenants, conditions, and restrictions; limitations on land use imposed by deed, usually when land is subdivided, as a means of regulating building construction, density, and use for the benefit of other proeprty owners; may be referred to simply as restrictions.

Front 368

CERCLA

Back 368

Federal Comprehensive Environmental Response, comprehansation and liability act dealing with liability of owners, prior owners, and polluters of property for cleanup costs.

Front 369

Certificate of resonable value

Back 369

proeprty appraisal required for a VA guaranteed loan

Front 370

Certificate of redemption

Back 370

Issued by the county tax collector when all past due amounts have been paid.

Front 371

Certificate of discharge

Back 371

document that is recorded by a morgagee as evidence of the release of the morgaee’s lien right.

Front 372

Certificate of eligibility

Back 372

issued by the Department of Veterans Affairs (VA) to a veteran who qualifies for a loan guaranteed by the VA .

Front 373

CC&Rs

Back 373

covenants, conditions, and restrictions; limitations on land use imposed by deed, usually when land is subdivided, as a means of regulating building construction, density, and use for the benefit of other proeprty owners; may be referred to simply as restrictions.

Front 374

CERCLA

Back 374

Federal Comprehensive Environmental Response, comprehansation and liability act dealing with liability of owners, prior owners, and polluters of property for cleanup costs.

Front 375

Certificate of resonable value

Back 375

proeprty appraisal required for a VA guaranteed loan

Front 376

Certificate of redemption

Back 376

Issued by the county tax collector when all past due amounts have been paid.

Front 377

Certificate of discharge

Back 377

document that is recorded by a morgagee as evidence of the release of the morgaee’s lien right.

Front 378

Certificate of eligibility

Back 378

issued by the Department of Veterans Affairs (VA) to a veteran who qualifies for a loan guaranteed by the VA .

Front 379

Certificate of occupancy (CO)

Back 379

Issued by the applicable building department of the municipal, county, or other jurisduction in which the property is located when a structure has met all requirements and can be placed into service.

Front 380

CC&Rs

Back 380

covenants, conditions, and restrictions; limitations on land use imposed by deed, usually when land is subdivided, as a means of regulating building construction, density, and use for the benefit of other proeprty owners; may be referred to simply as restrictions.

Front 381

CERCLA

Back 381

Federal Comprehensive Environmental Response, comprehansation and liability act dealing with liability of owners, prior owners, and polluters of property for cleanup costs.

Front 382

Certificate of resonable value

Back 382

proeprty appraisal required for a VA guaranteed loan

Front 383

Certificate of redemption

Back 383

Issued by the county tax collector when all past due amounts have been paid.

Front 384

Certificate of discharge

Back 384

document that is recorded by a morgagee as evidence of the release of the morgaee’s lien right.

Front 385

Certificate of eligibility

Back 385

issued by the Department of Veterans Affairs (VA) to a veteran who qualifies for a loan guaranteed by the VA .

Front 386

Certificate of occupancy (CO)

Back 386

Issued by the applicable building department of the municipal, county, or other jurisduction in which the property is located when a structure has met all requirements and can be placed into service.

Front 387

Certificate of sale

Back 387

certificate issued to purchaser at sheriff’s sale. ( the sheriff’s deed is given at the expiration of the redemption period)

Document received by the buyer at an execution or a judicial foreclosure sale; replaced by a sheriff’s deed if the debtor fails to redeem the property during the statutory redemptionh period.

Front 388

CC&Rs

Back 388

covenants, conditions, and restrictions; limitations on land use imposed by deed, usually when land is subdivided, as a means of regulating building construction, density, and use for the benefit of other proeprty owners; may be referred to simply as restrictions.

Front 389

CERCLA

Back 389

Federal Comprehensive Environmental Response, comprehansation and liability act dealing with liability of owners, prior owners, and polluters of property for cleanup costs.

Front 390

Certificate of resonable value

Back 390

proeprty appraisal required for a VA guaranteed loan

Front 391

Certificate of redemption

Back 391

Issued by the county tax collector when all past due amounts have been paid.

Front 392

Certificate of discharge

Back 392

document that is recorded by a morgagee as evidence of the release of the morgaee’s lien right.

Front 393

Certificate of eligibility

Back 393

issued by the Department of Veterans Affairs (VA) to a veteran who qualifies for a loan guaranteed by the VA .

Front 394

Certificate of occupancy (CO)

Back 394

Issued by the applicable building department of the municipal, county, or other jurisduction in which the property is located when a structure has met all requirements and can be placed into service.

Front 395

Certificate of sale

Back 395

certificate issued to purchaser at sheriff’s sale. ( the sheriff’s deed is given at the expiration of the redemption period)

Document received by the buyer at an execution or a judicial foreclosure sale; replaced by a sheriff’s deed if the debtor fails to redeem the property during the statutory redemptionh period.

Front 396

Certificate of status

Back 396

Document issued by California Secretary of State showing a corporation’s place of domicile 住宅 使定居, date of incorporation, corporate number, name and address of agent for service of process, and other information.

Front 397

CC&Rs

Back 397

covenants, conditions, and restrictions; limitations on land use imposed by deed, usually when land is subdivided, as a means of regulating building construction, density, and use for the benefit of other proeprty owners; may be referred to simply as restrictions.

Front 398

CERCLA

Back 398

Federal Comprehensive Environmental Response, comprehansation and liability act dealing with liability of owners, prior owners, and polluters of property for cleanup costs.

Front 399

Certificate of resonable value

Back 399

proeprty appraisal required for a VA guaranteed loan

Front 400

Certificate of redemption

Back 400

Issued by the county tax collector when all past due amounts have been paid.

Front 401

Certificate of discharge

Back 401

document that is recorded by a morgagee as evidence of the release of the morgaee’s lien right.

Front 402

Certificate of eligibility

Back 402

issued by the Department of Veterans Affairs (VA) to a veteran who qualifies for a loan guaranteed by the VA .

Front 403

Certificate of occupancy (CO)

Back 403

Issued by the applicable building department of the municipal, county, or other jurisduction in which the property is located when a structure has met all requirements and can be placed into service.

Front 404

Certificate of sale

Back 404

certificate issued to purchaser at sheriff’s sale. ( the sheriff’s deed is given at the expiration of the redemption period)

Document received by the buyer at an execution or a judicial foreclosure sale; replaced by a sheriff’s deed if the debtor fails to redeem the property during the statutory redemptionh period.

Front 405

Certificate of status

Back 405

Document issued by California Secretary of State showing a corporation’s place of domicile 住宅 使定居, date of incorporation, corporate number, name and address of agent for service of process, and other information.

Front 406

certificate of title

Back 406

statement of a property’s owner of record as well as any existing encumbrances.

Front 407

CC&Rs

Back 407

covenants, conditions, and restrictions; limitations on land use imposed by deed, usually when land is subdivided, as a means of regulating building construction, density, and use for the benefit of other proeprty owners; may be referred to simply as restrictions.

Front 408

cessation of work

Back 408

a period of 60 days without any work being conducted

Front 409

CERCLA

Back 409

Federal Comprehensive Environmental Response, comprehansation and liability act dealing with liability of owners, prior owners, and polluters of property for cleanup costs.

Front 410

Certificate of resonable value

Back 410

proeprty appraisal required for a VA guaranteed loan

Front 411

Certificate of redemption

Back 411

Issued by the county tax collector when all past due amounts have been paid.

Front 412

Certificate of discharge

Back 412

document that is recorded by a morgagee as evidence of the release of the morgaee’s lien right.

Front 413

Certificate of eligibility

Back 413

issued by the Department of Veterans Affairs (VA) to a veteran who qualifies for a loan guaranteed by the VA .

Front 414

Certificate of occupancy (CO)

Back 414

Issued by the applicable building department of the municipal, county, or other jurisduction in which the property is located when a structure has met all requirements and can be placed into service.

Front 415

Certificate of sale

Back 415

certificate issued to purchaser at sheriff’s sale. ( the sheriff’s deed is given at the expiration of the redemption period)

Document received by the buyer at an execution or a judicial foreclosure sale; replaced by a sheriff’s deed if the debtor fails to redeem the property during the statutory redemptionh period.

Front 416

Certificate of status

Back 416

Document issued by California Secretary of State showing a corporation’s place of domicile 住宅 使定居, date of incorporation, corporate number, name and address of agent for service of process, and other information.

Front 417

certificate of title

Back 417

statement of a property’s owner of record as well as any existing encumbrances.

Front 418

chain of title

Back 418

the history of the conveyances and encumbrances affecting the present owner’s title to property, as far back as records are available.

Front 419

chain of title

Back 419

the history of the conveyances and encumbrances affecting the present owner’s title to property, as far back as records are available.

Front 420

Change, principal of

Back 420

effect on property value of constantly varying physical, economic, social, and political forces.

Front 421

chain of title

Back 421

the history of the conveyances and encumbrances affecting the present owner’s title to property, as far back as records are available.

Front 422

Change, principal of

Back 422

effect on property value of constantly varying physical, economic, social, and political forces.

Front 423

Change in ownerhsip statement

Back 423

document indicating former and present owner of real estate that must be filed with the county recorder or assessor within 45 days of the date that the transfer is recorded.

Front 424

chain of title

Back 424

the history of the conveyances and encumbrances affecting the present owner’s title to property, as far back as records are available.

Front 425

Change, principal of

Back 425

effect on property value of constantly varying physical, economic, social, and political forces.

Front 426

Change in ownerhsip statement

Back 426

document indicating former and present owner of real estate that must be filed with the county recorder or assessor within 45 days of the date that the transfer is recorded.

Front 427

Chattle mortgage

Back 427

use of personal proeprty to secure or guarantee a promissory note

Front 428

chain of title

Back 428

the history of the conveyances and encumbrances affecting the present owner’s title to property, as far back as records are available.

Front 429

Change, principal of

Back 429

effect on property value of constantly varying physical, economic, social, and political forces.

Front 430

Change in ownerhsip statement

Back 430

document indicating former and present owner of real estate that must be filed with the county recorder or assessor within 45 days of the date that the transfer is recorded.

Front 431

Chattle mortgage

Back 431

use of personal proeprty to secure or guarantee a promissory note

Front 432

Chattle real

Back 432

a personl property interest in real property, such as a leasehold interest, trust deed, or mortgage

An estate related to real estate, such as a lease of real property.

Front 433

chain of title

Back 433

the history of the conveyances and encumbrances affecting the present owner’s title to property, as far back as records are available.

Front 434

Change, principal of

Back 434

effect on property value of constantly varying physical, economic, social, and political forces.

Front 435

Change in ownerhsip statement

Back 435

document indicating former and present owner of real estate that must be filed with the county recorder or assessor within 45 days of the date that the transfer is recorded.

Front 436

Chattle mortgage

Back 436

use of personal proeprty to secure or guarantee a promissory note

Front 437

Chattle real

Back 437

a personl property interest in real property, such as a leasehold interest, trust deed, or mortgage

An estate related to real estate, such as a lease of real property.

Front 438

Chattles

Back 438

personal property; any property that is not real property.

Front 439

Chattle real

Back 439

a personl property interest in real property, such as a leasehold interest, trust deed, or mortgage

An estate related to real estate, such as a lease of real property.

Front 440

Chose in action

Back 440

a right to demand money or personal property through legal action such as a promissory note

Front 441

City planning

Back 441

land-use recommendations adopted by local jurisdiction司法权 管辖权 , determined by use of demongraphic, geographic, economic, and other data.

Front 442

City planning

Back 442

land-use recommendations adopted by local jurisdiction司法权 管辖权 , determined by use of demongraphic, geographic, economic, and other data.

Front 443

civil law

Back 443

system of law codified by statutes

legal system based on laws and regulations, without the influence of judicial decisions as in the common law system.

Front 444

Civil rights act of 1866

Back 444

law that prohibits racial descrimination in every property transaction.

An act providing that all citizens have the right to inherit, purchase, sell, or hold real estate and personal property.

the first U.S. civil right act. It applied to race only and had no exception.

Front 445

Civil rights act of 1968

Back 445

this comprehansive act is known as the Fair Housing Act

Title VIII of this act is known as the federal Fair Housing Act. The act prohibits discrimination in housing with few exceptions.

Front 446

Civil rights act of 1968

Back 446

this comprehansive act is known as the Fair Housing Act

Title VIII of this act is known as the federal Fair Housing Act. The act prohibits discrimination in housing with few exceptions.

Front 447

close of escrow

Back 447

date on which all requirements of a real estate transaction have been fulfilled, documents are transmitted, and funds are trasnferred.

Front 448

clean hands doctrine

Back 448

a person in violation of an agreement will not be able to enforce compliance on another ( applies to covenants, conditions, and restrictions)

Front 449

clean hands doctrine

Back 449

a person in violation of an agreement will not be able to enforce compliance on another ( applies to covenants, conditions, and restrictions)

Front 450

Closing

Back 450

the completion of a real estate transaction, at which point required documents are transmitted and funds are trasnfered

the final performance of a real estate transaction where title is transffered and consideration is given

Front 451

Clsoing disclosure

Back 451

new form mandated by the TILA - RESPA rule that helps consumers to understand all the costs of the transaction. It must be provided to consumers three business days before closing

Front 452

Could on the title any

Back 452

any claim, condition, or encumbrance that impaires title to real property.

Front 453

Could on the title any

Back 453

any claim, condition, or encumbrance that impaires title to real property.

Front 454

Coastal zone 沿海线 conservation act 保护法

Back 454

law that requires permit or exemption to develop land within a costal zone

Front 455

Could on the title

Back 455

any claim, condition, or encumbrance that impaires title to real property.

Front 456

Costal zone

Back 456

an area of about 1,800 square miles that runs the length of the state from the sea inland 内陆 about 1,000 yards, with wider spots in coastal estuarine,合江口 habitat, and recreational areas; any development or improvement of land within the coastal zone must meet local requirements for coastal conservation and preservation of resources, as authorized by the coastal zone conservation act.

Front 457

codes

Back 457

bound volumes of laws and regulations

Front 458

Codicil

Back 458

written amendment to a will, made with the same legal formalities

Front 459

Color of title

Back 459

a claim of possession to real property based on document erroneously 错误的 不正确的 appearing to convey title to the cliamant

an appearance of having title without necessarily having any legal interest

Front 460

Color of title

Back 460

a claim of possession to real property based on document erroneously 错误的 不正确的 appearing to convey title to the cliamant

an appearance of having title without necessarily having any legal interest

Front 461

Conmmercial frustration

Back 461

Excuse for failure to perform contract obligation because of changed circustances that make a puchase uneconomic; also called impracticability of performance.

performance that is not impossible but is impractical because of an unforeseen occurrence发生的事. The nonoccurrence 不发生 of the act or event was considered an implied condition for the contract, which allows relief from the contractual obligations.

Front 462

Commercial acre

Back 462

that portion of an acre of newly subdivided land remaining after dedication for streets, sidewalks, parks and so on

Front 463

commingling

Back 463

mix broker and principal funds

failure to property separate property of the agent from property of the principal

placing funds in an inappropriate financial account, such as depositing a deposit check in a brokers business account instead of a trust account.

Front 464

commission

Back 464

an agent’s comprehensive for performing the duties of the agency; in real estate practice, typically a percentage of the selling price of property, rentals, or other property value.

Front 465

Common interest subdivision

Back 465

an area of land divided into separate parcels but with some of the land set aside for shared ownership by all of the owners of the separate parcels

subdivision where areas are owned in common with other owners for mutual use

Front 466

Common interest subdivision

Back 466

an area of land divided into separate parcels but with some of the land set aside for shared ownership by all of the owners of the separate parcels

subdivision where areas are owned in common with other owners for mutual use

Front 467

Common elements

Back 467

jointly owned areas in a common interest development for use of all owners

Front 468

Common law

Back 468

the body of law from england based on custom, usage, and court decisions

law that has evolved based on precedent rather than statutes.

Front 469

Common interest subdivision

Back 469

subdivision where areas are owned in common with other owners for mutual use

Front 470

Common law dedication

Back 470

transfer of private land to public use or ownership, such as a roadway through a subdivision, by permitting such use or referencing the use in deeds to adjoining parcels.

Front 471

community apartment project

Back 471

a form of subdivision in which the owner has an individual interest in the land and exclusive right of occupancy of an apartment on the land

an apartment building owned by the tenants in a tenancy in common, with each owner having the right to occupy a unit

Front 472

Community property

Back 472

all property acquired by spouse during marriage except that qualifying as separate property

Front 473

Community redevelopment agency (CRA)

Back 473

an agency authorized by state law but formed by a local governing body to provide low-and moderate-income housing and employ low-income persons by rehabilitating existing structures and/or bringing new development

Front 474

Community redevelopment agency (CRA)

Back 474

an agency authorized by state law but formed by a local governing body to provide low-and moderate-income housing and employ low-income persons by rehabilitating existing structures and/or bringing new development

Front 475

Community property with right of survivorship

Back 475

Community property where the spouses cannot separately will their protion of the community to another

method of property ownership by a married couple that specifically provides for transfer of the interest of the first to die to the spouse, instead of the interest being willed or passed by intestate succession

Front 476

comparative market analysis

Back 476

informal estimate of market value performed by a real estate agent for either seller or buyer, utilizing the sales history of nearby properties; usually expressed as a range of values that includes the probable market balue of the subject property

Front 477

Compensatory damages

Back 477

monetary damages to reimburse an injured party of a sustained loss

Front 478

Compensation

Back 478

money, goods, or other thing of value transferred in exchange for performance of a contract obligation

Front 479

Competition, principal of

Back 479

business profits encourage competition, witch ultimately may reduce profits for any one business

Front 480

Competition, principal of

Back 480

business profits encourage competition, witch ultimately may reduce profits for any one business

Front 481

Compound interest

Back 481

interest paid on original principal and also on the accured and unpaid interest that has accumulated 累积 as the debt matures

Front 482

Comptent parties

Back 482

parties having the legal and mental capacity to contract

Front 483

Comptent parties

Back 483

parties having the legal and mental capacity to contract

Front 484

Comprehensive zoning

Back 484

a broad plan of zoning over a large area

Front 485

Comps

Back 485

comparable properties that are used in an appraisal to determine the value of the property that is the subject of the appraisal.

Front 486

Comps

Back 486

comparable properties that are used in an appraisal to determine the value of the property that is the subject of the appraisal.

Front 487

Concurrent ownership

Back 487

owership of property by more than one peson not necessarily in equal shares

Front 488

Comps

Back 488

comparable properties that are used in an appraisal to determine the value of the property that is the subject of the appraisal.

Front 489

Concurrent ownership

Back 489

owership of property by more than one peson not necessarily in equal shares

Front 490

Concurrent estates

Back 490

more than one estate interest in a property at the same time (such as a leashold estate in a fee simple ownership)

Front 491

Condition

Back 491

a qualification of an estate granted that can be imposed only in a conveyance; it can be a condition precedent or a condition subsequent随后的，接着的

Front 492

Condition public report

Back 492

an interim report that allows a subdivider to enter a binding contract before issurance of a public report

Front 493

Conditional - use permit

Back 493

a change in the zoning granted for the best interest of the community, where the zoning contemplated 深思熟虑的 the use based on approval

Front 494

Conditional - use permit

Back 494

a change in the zoning granted for the best interest of the community, where the zoning contemplated 深思熟虑的 the use based on approval

Front 495

Condition precedent

Back 495

a condition that must take place before an estate is granted. Provisions 条款 in a title that, if breached, could result in forfeiture of interest.

a qualification of a contract or transfer of property providing that unless and until the performance of a certain act, the contract or transfer will not take effect.

Front 496

Conditional - use permit

Back 496

a change in the zoning granted for the best interest of the community, where the zoning contemplated 深思熟虑的 the use based on approval

Front 497

Condition precedent

Back 497

a condition that must take place before an estate is granted. Provisions 条款 in a title that, if breached, could result in forfeiture of interest.

a qualification of a contract or transfer of property providing that unless and until the performance of a certain act, the contract or transfer will not take effect.

Front 498

Conditional delivery

Back 498

transfer of documents and funds to escrow agent or settlement offcier to be held until the transaction is closed, at which time they are trasnferred to be designated party

Front 499

Conditional use permit

Back 499

authorization for a land use that would otherwise not be permitted by zoning ordinances

Front 500

Condition subsequent

Back 500

a stipulation in a contract or transfer of property that already has taken effect that will extinguish the contract or defeat the property trasfer

a condition that, if it occurs, results in the reversion of an estate to another

Front 501

Condominium

Back 501

a subdivision providing an exclusive ownership (fee) interest in the airspace of a particular portion of real estate, as well as an interest in common in a portion of that property

separate ownership of the airspace of a unit and common ownership of land and common areas

Front 502

Condominium

Back 502

a subdivision providing an exclusive ownership (fee) interest in the airspace of a particular portion of real estate, as well as an interest in common in a portion of that property

separate ownership of the airspace of a unit and common ownership of land and common areas

Front 503

Condominum conversion

Back 503

the conversion 转变 转换 of a property (generally an apartment building) to condominums

Front 504

Confidentiality

Back 504

obligation to safeguard the principal’s confidence and secrets ( any information that might wekend the principal’s bargaining position if it were revealed)

Front 505

Confidentiality

Back 505

obligation to safeguard the principal’s confidence and secrets ( any information that might wekend the principal’s bargaining position if it were revealed)

Front 506

Conflic of interest

Back 506

anything that benefits an agent’s self-interest or that of someone related to the agent, which would interfere with the objective fulfillment of an agent’s obligations to a principal

Front 507

Conforming loan

Back 507

a loan that meets the requirements established for purchase by Fannie Mae

loan that meets Fannie Mae and Freddie Mac purchase criteria

Front 508

Conformity, princiapl of

Back 508

holds that property values are maximized when buildings are similar in design, construction, and age, particularly in residential neighborhoods

Front 509

Consideration

Back 509

Value that is given for the promise of another

anthing of value given or promised by a party to induce another to enter into a contract; maybe a benefit conferred on one party or a detriment suffered by the other

Front 510

Consideration

Back 510

Value that is given for the promise of another

anthing of value given or promised by a party to induce another to enter into a contract; maybe a benefit conferred on one party or a detriment suffered by the other

Front 511

Constitutional law

Back 511

interference by the landlord in a tenants legitimate use of leased property, such as by making unwarrented alterations to the property

Front 512

Constitutional law

Back 512

interference by the landlord in a tenants legitimate use of leased property, such as by making unwarrented alterations to the property

law set forth in federal and state constitutions

Front 513

Constitutional eviction

Back 513

interference by the landlord in a tenants legitimate use of leased property, such as by making unwarrented alterations to the property

an act of the landload that would be inconsistent with the quiet enjoyment of the tenant or the tenant or the implied covenant of habitability. The tenant can treat the action of the landlord as being equivalent to eviction and may vacate the premises and be relieved of all future obligations

Front 514

Constituional law

Back 514

law set forth in federal and state constitutions

Front 515

Constructive fraud

Back 515

any representation made without a deliberate intent to deceive

Front 516

Constructive notice

Back 516

notice imputed by law, although not necessarily actually known (recording, as well as possession, by another provides constructive notice to a purchaser of other interests)

Front 517

Constructive notice

Back 517

notice imputed by law, although not necessarily actually known (recording, as well as possession, by another provides constructive notice to a purchaser of other interests)

Front 518

Contract

Back 518

a written or oral agreement to do or not to do certain things. There may be an express agreement of the parties, or a contract may be implied of the parties. A unilateral contract imposes an obligation on only one of the parties, whereas both parties to a bilateral contract have an obligation to perform. A contract is executory when a contract obligation is to be performed in the future, and executed when all obligations have been performed and the contract transaction has been completed. A real estate contract must be a signed writing made by competent parties, for valuable consideration, with an offer by one party that is accepted by the other.

an enforceable agreement

Front 519

Consumer financial protection bureau

Back 519

federal agency created by the dodd-frank Wall Street reform and consumer protection act of 2010 to create and coordinate regulation intended to correct the mortgage lending practices that led to the housing crisis of 2007-2010

Front 520

Contractor’s state license board

Back 520

state agency that licenses and regulates building contractors.

Front 521

Contract rent

Back 521

the rent agreed to by lessor and lessee

Front 522

Contractual obligation

Back 522

the agreed- on performance by one of the parties to a contract

Front 523

Contribution, principal of

Back 523

a component part of a property is valued in proportion to its contribution to the entire property, regardless of its separate actual cost

Front 524

Contingent remainder

Back 524

a remainder interest that is not certain but requires something to happen

Front 525

Continuation statement

Back 525

a statement that when filed continues a financing statement for an additional five years

Front 526

Conventional loan

Back 526

a loan secured by a mortgage or trust deed that is made without govenmenta underwriting (FHA-insured or VA-guaranteed)

Front 527

Cooperation broker

Back 527

the broker who finds a buyer for property listed for sale by another broker

Front 528

Corporation

Back 528

A separate legal entity established under state law. An artificial person.

a legal entity that acts through its board of directions and officers, generally without liability on the part of the person or persons owning it. A domestic corporation is one chartered in Califronia - any other corporation is a foreign corporation in California

Front 529

Contract of adhesion 附意合同

Back 529

A “take it or leave it” contract that takes unreasonable advantage of the party who did not prepare the instrument

Front 530

controlled business arrangement

Back 530

business that are owned or controlled by real estate brokers that the broker refers buyers and sellers to (RESPA requires disclosure)

Front 531

Cooperating broker fee agreement

Back 531

agreements between brokers as to the commission split sould the cooperating broker sell a property listed by the listing broker

Front 532

Cooperating split

Back 532

sharing of the compensation (usually, a commission) received by the listing broker with the broker who brings the buyer to the transaction.

Front 533

Correction lines

Back 533

guide meridans running every 24 miles eats and west of a meridian, and standard parallels running every 24 miles north and south of a base line, used to correct inaccuracies in the ractangular survey system of land description caused by the earth’s curvature.

Front 534

Cost approach

Back 534

appraisal method in which site value is added to the present reproducion or replacement cost of all property improvement, less depreciation, to determine market value

Front 535

corporation license

Back 535

real estate liense held by a broker in a corporate capacity as an officer of the corporation.

Front 536

Correlative use

Back 536

doctrine that states that property owners may use a reasonable amount of water from an underground source, but not to the detriment of adjoining property owners.

Front 537

Costa- hawkins Rental Housing Act

Back 537

Statute that allows landlords of rent-controlled property to set new base rents for new tenants

acts that allows a new base rent for rent control property upon change of tenants

Califronia law that preempts rent control 抢占租金管制 for new construction, single-family residences, and multinuint buildings in jurisdictions with vacancy conrtol ordinances

Front 538

Counter offer

Back 538

any change to the terms of an offer, made in response to it

Front 539

Counter offer

Back 539

any change to the terms of an offer, made in response to it

Front 540

County assessor

Back 540

official responsible for determining property values for ad valorem taxation purposes

Front 541

Court of appeal (california)

Back 541

primarily appellate jurisdiction from superior court

Front 542

Court of appeals (federal)

Back 542

appellate jurisdiction from the district courts

Front 543

Covenant

Back 543

an agreement or a promise to do or not to do a particualr act, usually imposed by deed

promise, the breach of which could entitle another party to damnages.

Front 544

Covenant of quiet enjoyment

Back 544

promise of a landlord, implied by law, not to interfere in the possession or use of leased proerty by the tenant.

Front 545

Covenant of quiet enjoyment

Back 545

promise of a landlord, implied by law, not to interfere in the possession or use of leased proerty by the tenant.

Front 546

Covenant, conditions and restricts (CC&Rs)

Back 546

private restricts created by grantors that run with the land

Front 547

Covered loan act

Back 547

California act setting forth prohibited predatory lending practices for specified FNMA-conforming loans

Front 548

Covered loan act

Back 548

California act setting forth prohibited predatory lending practices for specified FNMA-conforming loans

Front 549

Covenant to repair

Back 549

express or legally implied obligation of the landlord to make necessary repairs to leased premises

Front 550

Cumulative zoning

Back 550

zoning that allows more restrictive uses. For example a lot zoned for a duplex would allow a single-family residence if the zoning were cumulative

Front 551

Customary authority

Back 551

anthority implied by virtue of an agent’s position.

Front 552

Covenant to repair

Back 552

express or legally implied obligation of the landlord to make necessary repairs to leased premises.

Front 553

Crawl space

Back 553

area beneath lowest level of structure, usually unpaved, that is less than the height requirement to qualify as a basement

Front 554

Crawl space

Back 554

area beneath lowest level of structure, usually unpaved, that is less than the height requirement to qualify as a basement

Front 555

creative financing

Back 555

alternative (noninstitutional) financing that makes use of a seller carryback or other loan; useful when interest rates on insitutional loans are relatively high or when borrower cannot qualify for a loan from a depository insitution based on income or credit rating

Front 556

Credit-bid

Back 556

bid by lender at a forclosure sale represented by the amount of the outstanding indebtedness owed to the lender by the defaulting borrower

Front 557

Decedent

Back 557

person who has died

Front 558

Declaration of default

Back 558

notice, accompanied by original note and trust deed, provided by lender (beneficiary) to trustee on default of trustor (borrower), stating the reason for the default.

Front 559

data mining

Back 559

the process of finding patterns in large amounts of data.

Front 560

Declaration of homestead

Back 560

when recorded, this declaration provides the homeowner a statutory exemption from execution by unsecured creditors.

Front 561

Decline

Back 561

period in which property loses value due to lack of maintenance

Front 562

Dedication

Back 562

the giving of land by its owner for a public use, and the acceptance of the land for such use by the appropriate government officials.

the transfer of real property to a public entity without consideration.

Front 563

Declaration of restrictions

Back 563

declaration recorded by a subdivider and incorporated by reference in every deed

Front 564

Deductions

Back 564

amounts on which income tax need not be paid; the home mortgage interest deduction from taxable income benefits homeowners.

Front 565

Declaratory relief action

Back 565

an action to have a court determine the rights of parties

Front 566

deed

Back 566

written instrument that, when properly excuted and delivered, conveys title to real property from a grantor to a grantee

the transfer instrument for real property

Front 567

Deed in lieu of foreclosure

Back 567

a deed to real property accepted by a lender from a defaulting borrower to avoid the necessity of foreclosure proceedings by the lender

a deed given by the debtor to her creditor to avoid foreclosure

Front 568

Deed in lieu of foreclosure

Back 568

a deed to real property accepted by a lender from a defaulting borrower to avoid the necessity of foreclosure proceedings by the lender

a deed given by the debtor to her creditor to avoid foreclosure

Front 569

Deed of reconveyance

Back 569

deed from trustee to trustor, at the request of beneficiary of trust(lender), that returns title to the trustor on payment of the indebtedness secured by the deed of trust

the deed from the trustee to trustor that is given when the note is paid in full. It returns the title to the trustor

Front 570

Deed restriction

Back 570

provision placed in a deed by the grantor that limits the property’s use or requires the grantee to fulfill requirements of subdivision covenants, conditions, and restrictions (CC&Rs)

Front 571

Deed restriction

Back 571

provision placed in a deed by the grantor that limits the property’s use or requires the grantee to fulfill requirements of subdivision covenants, conditions, and restrictions (CC&Rs)

Front 572

Defeasance clause

Back 572

a clause that cancels the lien on payment of the note

Front 573

Defendant

Back 573

a person against whom legal action is initiated for the purpose of obtaining criminal sanctions (in a case involving violation of a penal statute) or damages or other appropriate juridical reflief ( in a civil case)

Front 574

Deficiency judgment

Back 574

a judgment given by a court when the value of security pledged for a loan is insufficient to pay off the debt of the defaulting borrower.

Front 575

Defeasible estate

Back 575

an estate that can be defeated by some future happening (condition subsequent)

Front 576

Demand statement

Back 576

statement requested by escrow as to amount due lender at close of escrow to pay off loan and any charges

Front 577

Department of fair employment and housing

Back 577

california agency that enforces antidiscrimination laws

Front 578

Department of fair employment and housing

Back 578

california agency that enforces antidiscrimination laws

Front 579

Department of real estate

Back 579

the california agency that administers the real estate law, including the licensing of real estate brokers and salespeople; headed by the real estate commissioner, who is appointed by the governor and presides over the real estate commissioner, who is appointed by the governor and presides over the real estate advisory commission (whose 10 members are appointed by and serve at the commissioner’s direction)

Front 580

Department of fair employment and housing

Back 580

california agency that enforces antidiscrimination laws

Front 581

Department of real estate

Back 581

the california agency that administers the real estate law, including the licensing of real estate brokers and salespeople; headed by the real estate commissioner, who is appointed by the governor and presides over the real estate commissioner, who is appointed by the governor and presides over the real estate advisory commission (whose 10 members are appointed by and serve at the commissioner’s direction)

Front 582

Delivery

Back 582

the actual trasnfer of an interest. Delivery requires the intent to make an irrevocable transfer.

Front 583

Department of fair employment and housing

Back 583

california agency that enforces antidiscrimination laws

Front 584

Department of real estate

Back 584

the california agency that administers the real estate law, including the licensing of real estate brokers and salespeople; headed by the real estate commissioner, who is appointed by the governor and presides over the real estate commissioner, who is appointed by the governor and presides over the real estate advisory commission (whose 10 members are appointed by and serve at the commissioner’s direction)

Front 585

Delivery

Back 585

the actual trasnfer of an interest. Delivery requires the intent to make an irrevocable transfer.

Front 586

Demise

Back 586

a transfer of a leashold interest

Front 587

Department of fair employment and housing

Back 587

california agency that enforces antidiscrimination laws

Front 588

Department of real estate

Back 588

the california agency that administers the real estate law, including the licensing of real estate brokers and salespeople; headed by the real estate commissioner, who is appointed by the governor and presides over the real estate commissioner, who is appointed by the governor and presides over the real estate advisory commission (whose 10 members are appointed by and serve at the commissioner’s direction)

Front 589

Delivery

Back 589

the actual trasnfer of an interest. Delivery requires the intent to make an irrevocable transfer.

Front 590

Demise

Back 590

a transfer of a leashold interest

Front 591

Demurrer

Back 591

an answer to a complaint stating that even if the alleged facts are as stated, there is no cause of action.

Front 592

Department of fair employment and housing

Back 592

california agency that enforces antidiscrimination laws

Front 593

Department of real estate

Back 593

the california agency that administers the real estate law, including the licensing of real estate brokers and salespeople; headed by the real estate commissioner, who is appointed by the governor and presides over the real estate commissioner, who is appointed by the governor and presides over the real estate advisory commission (whose 10 members are appointed by and serve at the commissioner’s direction)

Front 594

Delivery

Back 594

the actual trasnfer of an interest. Delivery requires the intent to make an irrevocable transfer.

Front 595

Demise

Back 595

a transfer of a leashold interest

Front 596

Demurrer

Back 596

an answer to a complaint stating that even if the alleged facts are as stated, there is no cause of action.

Front 597

Development impact fees

Back 597

a fee imposed by a local government on a new or proposed development project to pay for all or a portion of the costs of providing public services to a new development

Front 598

Department of fair employment and housing

Back 598

california agency that enforces antidiscrimination laws

Front 599

Department of real estate

Back 599

the california agency that administers the real estate law, including the licensing of real estate brokers and salespeople; headed by the real estate commissioner, who is appointed by the governor and presides over the real estate commissioner, who is appointed by the governor and presides over the real estate advisory commission (whose 10 members are appointed by and serve at the commissioner’s direction)

Front 600

Delivery

Back 600

the actual trasnfer of an interest. Delivery requires the intent to make an irrevocable transfer.

Front 601

Demise

Back 601

a transfer of a leashold interest

Front 602

Demurrer

Back 602

an answer to a complaint stating that even if the alleged facts are as stated, there is no cause of action.

Front 603

Development impact fees

Back 603

a fee imposed by a local government on a new or proposed development project to pay for all or a portion of the costs of providing public services to a new development

Front 604

Department of housing and community development

Back 604

state agency that carries out Califronia’s State Housing Law by adopting building standards and administrative regulations that ensure safe and durable housing while safeguarding affordability

Front 605

Department of housing and urban development (HUD)

Back 605

Federal agency that carries out the purpose of the national housing act by, amoung other things enforcing fair housing laws and supervising the activities of the federal housing administration (FHA), which insures home mortgage loans;

Front 606

depreciation

Back 606

decrease in value of an asset that is allowed in computing property value for tax purpose; in appraising, a loss in the value of a property imporvement from any cause; depreciation is curable when it can be remedited by a repair or an addition to the property, and it is incurable when there is no easy or economic way to cure the loss.

Front 607

depreciation

Back 607

decrease in value of an asset that is allowed in computing property value for tax purpose; in appraising, a loss in the value of a property imporvement from any cause; depreciation is curable when it can be remedited by a repair or an addition to the property, and it is incurable when there is no easy or economic way to cure the loss.

Front 608

Designated agent

Back 608

in some states one agent in an office can be the seller’s agent and other agent in the same office can be the buyer’s agent

Front 609

Devise

Back 609

transfer of title to property by will

the transfer of real property by will

Front 610

Devisee

Back 610

person receiving title to property by will

Front 611

Devisee

Back 611

person receiving title to property by will

Front 612

District court

Back 612

federal cout of original jurisdiction

Front 613

Devisee

Back 613

person receiving title to property by will

Front 614

District court

Back 614

federal cout of original jurisdiction

Front 615

devisor

Back 615

Own who wills property to another

Front 616

direct endorsement

Back 616

a lender who is authorized to determine if a loan qualifies for FHA insurance

Front 617

Direct endorsement plan

Back 617

porgram that allows lenders to qualify to make FHA-insured loans without prior HUD review, except for construction projects.

Front 618

Direct endorsement plan

Back 618

porgram that allows lenders to qualify to make FHA-insured loans without prior HUD review, except for construction projects.

Front 619

Divisible contract

Back 619

a contract consisting of separate agreements that are not dependent on each other

Front 620

Discharged contract

Back 620

an agreement that has been terminated, whether by performance of its terms; rescission of the parties; release by one party at the request of the other party ; formation of a new contract, called a novation; change in the terms of the agreement, called a reformation; assignment of the contract to a new party; or breach by one of the parties by failure to fulfill the terms of the agreement.

Front 621

Discount rate

Back 621

interest rate charged member banks by federal reserve banks

Front 622

Division fence

Back 622

a fence on a boundary line

Front 623

Documantary trasnfer tax

Back 623

a tax applied on all transfers of real property located in a county where the county is authorized by the state to collect; notice of payment is entered on the face of the deed or on a separate paper filed with the deed

Front 624

Documantary trasnfer tax

Back 624

a tax applied on all transfers of real property located in a county where the county is authorized by the state to collect; notice of payment is entered on the face of the deed or on a separate paper filed with the deed

Front 625

doctrine of agreed boundaries

Back 625

parties can agree to boundaries. They are binding on successors after being accepted by the parties for five years.

Front 626

Documantary trasnfer tax

Back 626

a tax applied on all transfers of real property located in a county where the county is authorized by the state to collect; notice of payment is entered on the face of the deed or on a separate paper filed with the deed

Front 627

doctrine of agreed boundaries

Back 627

parties can agree to boundaries. They are binding on successors after being accepted by the parties for five years.

Front 628

Dodd - frank act

Back 628

the act mandates the simplification of loan disclosures combined with truth and lending disclosures, as well as simplifed closing statements.

the dodd-frank Wall Street reform and consumer protection act signed into law in 2010

Front 629

Domestic corporation

Back 629

a corporation orgnized in Califronia under California law

Front 630

Dominant tenement

Back 630

the estate having an easement right over land of another

Front 631

Double taxation

Back 631

corporate taxation whereby first corporate profits and then stockholders’ dividends are taxed股息要交税

Front 632

Downzoning

Back 632

a change in zoning to a more restrictive use

Front 633

Donee

Back 633

one who receives a gift

Front 634

Donor

Back 634

one who makes a gift

Front 635

Downspout

Back 635

part of the rainwater drainage system that conducts water from a gutter that runs along a roof eave to ground level

Front 636

Dragnet clause

Back 636

Clause in a trust deed that allows uture advance to take precedence over intervening liens

Front 637

dual agency

Back 637

an agency relationship in which the agent represents two principals in their dealings with each other

an agency situation in which the agent represents more than one party to the transaction

Front 638

Drywall

Back 638

plasterboard, also called wallboard, used for interior wall finishing

Front 639

Due care

Back 639

resonable (nonnegligent) care

Front 640

Due diligence

Back 640

a proper good-faith effort to perform or to investigate

Front 641

Due diligence

Back 641

a proper good-faith effort to perform or to investigate

acting with the appropriate degree of skill and care in fulfilling one’s responsibilities under an agency or other contractual relationship

Front 642

Due diligence

Back 642

a proper good-faith effort to perform or to investigate

acting with the appropriate degree of skill and care in fulfilling one’s responsibilities under an agency or other contractual relationship

Front 643

Due - on sale clause

Back 643

an acceleration clause in a real estate financing instrument granting the lender the right to demand full payment of the remaining indebtedness on a sale of the property

Front 644

Due - on sale clause (alienation clause)

Back 644

an acceleration clause in a real estate financing instrument granting the lender the right to demand full payment of the remaining indebtedness on a sale of the property

a clause that makes the entire loan balance due when the property is sold. A loan having a due on sale clause cannot be assumed

Front 645

Due - on - encumbrance clause

Back 645

a clause that makes the loan balance all due and payable should the owner put another encumbrance on the property

Front 646

Due - on - encumbrance clause

Back 646

a clause that makes the loan balance all due and payable should the owner put another encumbrance on the property

Front 647

Due process

Back 647

legal proceduure that protects the rights of the parties

Front 648

Due - on - encumbrance clause

Back 648

a clause that makes the loan balance all due and payable should the owner put another encumbrance on the property

Front 649

Due process

Back 649

legal proceduure that protects the rights of the parties

Front 650

Duress

Back 650

force or confinement that makes a contract voidable

Front 651

Duty of care

Back 651

the obligation of principal to agent that the principal will not interfere with the agent’s prospective economic advantage - the agent’s business activities