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12 Cards in this Set
- Front
- Back
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GENERAL AGENT
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ONE WHO IS AUTHORIZED TO PERFORM ANY AND ALL ACTS ON BEHALF OF THE PRINCIPLE
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GOVERMENT SURVEY METHOD
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A METHOD OF LAND DISCRIPTION UTILIZING PRINCIPLE MERIDANS AND BASE LINES TO CREATE SQUARES CALLED TOWNSHIPS AND SECTIONS
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GRACE PERIOD
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TIME ALLOWED TO PERFORM AN ACT OR TO MAKE A PAYMENT BEFORE DEFAULT IS DECLARED
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GRADUATED LEASE
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A LEASE WHERE RENTAL PAYMNETS WILL CHANGE DURING ITS EXISTENCE BY A PRESCRIBED SCHEDULE
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GRANT DEED
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DEED THAT INCLUDES THREE WARRANTIES-OWNER WARRENTS
-HAS THE RIGHT TO CONVEY PROPERTY -NO ENCUMBRANCES TO PROPERTY EXCEPT NOTED IN DEED -GRANTOR WILL CONVEY ANY FUTURE INTEREST HE MAY ACQUIRE |
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GRANTEE
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PERSON WHO RECIEVES A CONVEYANCE OF REAL ESTATE FROM A GRANTOR
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GRANTOR
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PERSON WHO CONVEYS REAL PROPERTY TO ANOTHER
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GROSS INCOME
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THE TOTAL INCOME RECIEVED FROM INVESTMENT PROPERTY BEFORE DEDUCTING ANY EXPENSES
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GROSS INCOME MULTIPLIER
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A NUMBER DERIVED BY DIVIDING THE SELLING PRICE OF COMPARABLE PROPERTY BY ITS MONTHLY GROSS INCOME-NUMBER IS THE MULTIPLIED BY THE GROSS INCOME OF THE SUBJECT PROPERTY IN ORDER TO OBTAIN AN ESTIMATE OF VALUE FOR THE PROPERTY BEING SOLD
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GROSS LEASE
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A LEASE WHERBY THE LEASEE PAYS A FIXED RENTAL FEE TO THE LESSOR-LESSOR PAYS ALL TAXES AND INSURANCE
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GROUND LEASE
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A LEASE ON THE LAND ONLY. TENANT USUALLY IS REQUIRED TO BUILD OR ALREADY OWNS THE BUILDING AND ANY IMPROVEMENTS TO THE LAND
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GUESSTIMATE
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A VALUATION OPINION WITHOUT DOCUMENTATION
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