Az Real Estate Term Quiz

Front 1

THE RIGHT OF GOVERNMENT TO TAKE PRIVATE PROPERTY FOR PUBLIC USE THROUGH CONDEMNATION AND PAYMENT OF FAIR MARKET VALUE IS?

Back 1

EMINENT DOMAIN

Front 2

THE AMOUNT OF RENT STIPULATED IN A WRITTEN LEASE IS CALLED THE?

Back 2

CONTRACT RENT

Front 3

THE FOUR GOVERNMENT RIGHTS OR POWERS THAT LIMIT PRIVATE OWNERSHIP OF LAND ARE?

Back 3

POLICE POWER, TAXATION, EMINENT DOMAIN & ESCHEAT

Front 4

THE LAW, UNIFORM IN ALL STATES THAT REQUIRES A REAL ESTATE CONTRACT TO BE IN WRITING IS THE?

Back 4

STATUTE OF FRAUDS

Front 5

THE CREDITOR PARTY UNDER A TRUST DEED WOULD BE KNOWN AS THE?

Back 5

BENEFICIARY

Front 6

THE CLAUSE IN A MORTGAGE THAT WOULD ALLOW THE MORTGAGEE TO CALL THE ENTIRE DEBT DUE AND PAYABLE IMMEDIATELY IN THE EVENT OF DEFAULT IS CALLED THE?

Back 6

ACCELERATION CLAUSE

Front 7

ANYTHING THAT WAS ONCE PERSONAL PROPERTY AND HAS, BY MAN BECOME PERMANENTLY ATTACHED TO THE REAL PROPERTY IS KNOWN AS A?

Back 7

FIXTURE

Front 8

THE INSTRUMENT USED TO CONVEY REAL PROPERTY OWNERSHIP FROM ONE PERSON TO ANOTHER IS A?

Back 8

DEED

Front 9

WHEN ONE ACQUIRES TITLE TO ANOTHER'S PROPERTY BY OPEN, HOSTILE, AND NOTORIOUS ACTIONS FOR TEN YEARS, HE WOULD ACQUIRE TITLE BY?

Back 9

PRESCRIPTION

Front 10

THE COST METHOD OF APPRAISAL IS THE ONLY ONE OF THE THREE METHODS THAT CONSIDERS?

Back 10

DEPRECIATION