Matching Realestate Vocab Crossword
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2) A written modification to a contract that occurs after both parties have signed the document.3) In a tax-free exchange, something given or received that is not like-kind property. 4) An attachement to a purchase agreement or other contract that contains additional provisions that apply to that transaction.5) A CMA is similar to an appraisal, but performed by a real estate agent, whose goal is to help the seller determine an accurate listing price based on comparable homes that have recently sold in the area. 6) Profit realized from the sale of a capital asset. 7) 1) A transfer of contract rights from one person to another.
2) When a buyer assumes personal liability for a seller's mortgage.
3) In the case of a lease, when the original tenant transfers his or her entire leasehold estate to another. 8) A clause in a mortgage, deed of trust, or lease that cancels or defeats a certain right upon the occurrence of a particular event. 10) Anything of value given to induce another to enter into a contract, such as money, goods, services, or a promise.12) Rights that go along with ownership of a particular piece of property, such as air rights or mineral rights; they are ordinarily transferred with the property, buty may, in some cases, be sold separately. 13) All of the charges that the borrower will pay for the loan (including the interest, loan fee, discount points, and mortgage insurance costs), expressed as an annual percentage of the loan amount. 14) A document issued by the Department of Veterans Affairs as evidence of a veteran's eligibility for a VA-guaranteed loan. 18) Property owned jointly by a married couple in WA, CA, and other community property states, as distinguished from each spouse's separate property; generally, any property acquired through the labor or skill of either spouse during marriage. 20) A term used in some states (not WA) to refer to a type of dual agency, in which the seller's agent and the buyer's agent both work for the same brokerage; alson known as an in-house transaction.23) 1) One for whom a trust is created and on whose behalf the trustee administers the trust.
2) The lender in a deed of trust transaction.
3) One entitled to receive real or personal property under a will; a legatee or devisee.28) A recently sold and similarly situated property that is used as a point of comparision by an appraiser using the sales comparisoin approach.29) A method of appraising real property by converting the anticipated net income from the property into the present value. Also called the income approach to value. 30) A Latin phrase that means "according to value," used to refer to taxes that are assessed on the value of the property. 32) A declaration of covenants, conditions, and restrictions; usually recorded by a developer to place restrictions on all lots within a new subdivision.33) State laws that regulate securities.36) Any addition to real property from natural or artificial causes, including accretion, reliction, and avultion. |
Across:
1) To transfer personal property to another by will. 9) When a person who has signed a document formally declares to an authorized official (notary public) that he or she signed voluntarily. The official can then attest that the signature is voluntary and genuine.11) 1) A loss of value (caused by deferred maintenance, functional obsolescense, or external obsolescense).
2) For the purposes of income tax deductions, apportioning the cost of asset over a period of time. 15) 1) The land and improvements in a condominium, planned unit development, or other housing development that are owned and used collectively by all of the residents, such as parking lots, hallways, and recreation facilities available for common use. Also called common elements.
2) In a building with leased units or spaces, the areas that are available for use by all tenants. 16) In a condominium, areas outside of the units (balconies or assigned parking spaces) that are designated for the use of particular unit owners, rather than all of the residents. 17) Attempting to induce owners to list or sell their homes by predicting that memebers of another race or ethnic group, or people suffering from some disablility, will be moving into the neighborhood.
This violates anti-discrimination laws.
Also caled panic selling. 19) A document used to transfer title of personal property from one person to another. 21) 1) Misappropriating property or funds belonging to another; for example, converting trust funds to one's own use.
2) The process of changing an apartment complex into a condominium or cooperative.22) A claim, enclumbrance, or apparent defect that makes the title to a property unmarketable.24) A transaction in which there is no pre-existing family or business relationship between the parties.25) Acquiring title to real property that belongs to someone else by taking possession of it without permission, in the manner and for the length of time prescribed by statute. 26) An appraisal principle which holds that value is created by the expectation of benefits to be received in the future. 27) A building owned by a corporation, where the residents are shareholders in the corporation; each shareholder receives a proprietary lease on an individual unit and the right to use the common areas. 31) An advertisement placed by a real estate licensee that does not include the brokerage's name. 32) An appraisal principle which holds that the maximum value of property is realized when there is a reasonable degree of social and economic homogenity in the neighborhood.34) Meaning "let the buyer beware," a term that suggests that the duty to investigate a potential purchase ultimately falls on the buyer. 35) A document issued by the Department of Veterans Affairs, setting forth the current market value of a property, based on a VA-approved appraisal. 37) The legal transfer of a deed from the grantor to the grantee, which results in the transfer of title. 38) A provision in a security instrument that gives the lender the right to declare the entire loan balance due immediatly if the borrower sells or otherwise transfers the security property. Also called a due-on-sale clause. 39) A provision in a promissory note or security instrument allowing the lender to declare the entire debt due immediatly if the borrower breaches one or more provisions of the loan agreement. (call provision)40) 1) Taking private property for public use through the government's power of eminent domain.
2) A declaration that a structure is unfit for occupancy and must be closed or demolished. 41) Property developed for concurrent ownership, where each co-owner has a separate interest in an individual unit, combined with an undividied interest in the common areas of the property. 42) Any person authorized to represent another by a power of attorney; not necessarily a lawyer.43) An appraisal principle which holds that property values are in a state of flux, increasing and decreasing in response to social, economic, and governmental forces. 44) The valuation of property for purposes of taxation. 45) A payment on a loan (usually the final payment) that is significatly larger than the regular installment payments. |
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