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15 Cards in this Set
- Front
- Back
- 3rd side (hint)
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A set of principles or values by which an individual guides his or her won behavior and judges that of others
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Ethics
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scruples
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The power of the state to pass laws, within lawful limits, that promote the order, safety, health, morals and general welfare of it citizens
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police power
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Bad Boys Bad Boys
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Someone licensed by the Department of Real Estate, holding either a broker or salesperson license, who negotiates sales for other people
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Real Estate Agent
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what I want to be
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Someone holding a broker license and permitted by law to employ those holding a salesperson license, who may negotiate sales for other people
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Real Estate Broker
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my boss
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The law that affects the licensing and conduct of the real estate agents
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real estate law
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self named
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Someone holding a salesperson license who must be employed by a real estate broker, for pay, to perform any of the activities of real estate broker
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real estate sales person
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same as agent
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Recall and make void
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revoke
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take away
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Temporarily make ineffective
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suspend
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A voluntary nonprofit organization of independent and competing business units engaged in the same industry or trade, formed to help solve industry problems, promote progress and enhance service
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Trade Organization
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Those rights, privileges and improvements that belong to and pass with the transfer of real property but are not necessarily part of the actual property
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Appurtenance
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A survey line running east and west, used as a reference when mapping land
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Base Line
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A written agreement used to transfer ownership in personal property
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Bill of Sale
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An ownership concept describing all the legal rights that attach to the ownership of the real property
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Bundle of Rights
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personal property
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chattel
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An item of personal property which is connected to real estate; for example, a lease
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Chattel Real
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