California Real Estate Flash Cards

Is deeded to the county.

Negotiable.

Gross sales of the lessee’s business.

Insure loans made by approved lenders.

Anything which affects or limits the title to real property.

The seller’s signature.

A partially amortized loan.

Sales prices of comparable properties.

A trust deed.

Husband and wife.

Sole ownership.

Finance charge and annual percentage rate.

Depreciation.

Assignment of Contract

5280 feet in 1 square mile.

640 Acres

A reduction in the level of taxation faced by an individual or company.

A lists of all the legal actions that have been performed or used in conjunction with a piece of property.

An increase in land that results from the deposit of soil by a river or ocean.

Disposal by a testator of specific property bequeathed in his or her will so as to invalidate the bequest.

Vacancy.

Part of the Business and Professions Code covering loan costs, commissions, and payment requirements relating to loan brokerage activity.

Financing arrangement in which the outstanding mortgage and its terms can be transferred from the current owner to a buyer.

A sudden loss or addition to land, which results from the action of water.

The act of giving personal property through the provisions of a will or estate plan.

Reciprocal arrangement between two parties where each promises to perform an act in exchange for the other party’s act.

Foreign Investments in Real Property Tax Act

Department of Housing and Urban Development

Real Estate Mortgage Trust

Real Estate Investment Trust

Real Estate Excise Tax

Federal Trade Commission

A person who acts as an intermediary between sellers and buyers of real estate/real property and attempts to find sellers who wish to sell and buyers who wish to buy.

For Sale By Owner

A reduction in the usefulness or desirability of an object because of an outdated design feature, usually one that cannot be easily changed.

The depreciation of a property’s value unrelated to the property itself (i.e bad economy).

An acknowledgment of the grantor’s signature.

Loan arrangement in which an item of movable personal property is used as security for the loan. A chattel mortgage is a loan that is secured by chattel rather than by real property.

A loan to be completely repaid, principal and interest, by a series of regular equal installment payments.

Is a piece of California legislation that specifically outlaws discrimination based on sex, race, color, religion, ancestry, national origin, disability, medical condition, marital status, or sexual orientation. This law applies to all businesses.

Prohibits harassment and discrimination in employment because of race, color, religion, sex, gender, gender identity, gender expression, sexual orientation, marital status, national origin, ancestry, mental and physical disability.

Ownership by one person.

A concept in property law which describes the various ways in which property is owned by more than one person at a time. If more than one person own the same property, they are referred to as co-owners, co-tenants or joint tenants.

When two or more persons are owners of undivided interests in the title to real property.

Any document, claim, unreleased lien or encumbrance that might invalidate or impair the title to real property or make the title doubtful.

Panic selling based on fear of the entry of persons of another race, color, religion, or ancestry into the area.

Failure to comply with a material term or provision of a contract.

Constructive notice.

Real Property

No, you can skip that portion of the application.

Use of police power.

Yes

Correlate the adjusted sales price with comparables.

Yes

Residential property.

Yes

8%

Blueprint

Eminent Domain