Well elaborate 100% verified Real Estate Law questions & answers

What is real estate law concerned with? ️☑️ It governs ownership, use, and transfer of land and property What is a freehold estate? ️☑️ Ownership of land for an indefinite period What is a leasehold estate? ️☑️ A temporary right to use property for a fixed term What is title in real estate? ️☑️ Legal ownership of a property What is a deed? ️☑️ A legal document used to transfer property ownership What is an easement? ️☑️ A right to use another person’s land for a specific purpose What is a lien? ️☑️ A legal claim against property as security for a debt What is zoning? ️☑️ Laws that regulate land use and development What is eminent domain? ️☑️ Government power to take private property for public use What is a mortgage? ️☑️ A loan secured by real property What is foreclosure? ️☑️ Legal process where a lender takes property due to unpaid debt What is a fixture? ️☑️ An item permanently attached to property What is adverse possession? ️☑️ Gaining ownership through continuous, open, and hostile use 2 What is a covenant? ️☑️ A restriction or promise regarding land use What is a title search? ️☑️ Examination of records to confirm property ownership What is escrow? ️☑️ Holding funds or documents by a neutral third party What is a closing? ️☑️ Final step where property ownership is transferred What is a landlord? ️☑️ Owner who rents property to others What is a tenant? ️☑️ Person who occupies property under a lease What is rent? ️☑️ Payment made for use of property What is a lease agreement? ️☑️ Contract outlining rental terms What is a security deposit? ️☑️ Money held to cover damages or unpaid rent What is constructive eviction? ️☑️ When property becomes uninhabitable forcing tenant to leave What is a property boundary? ️☑️ The legal limits of a property What is land use regulation? ️☑️ Rules controlling how land is developed What is a survey? ️☑️ Measurement of land boundaries What is a broker in real estate? ️☑️ Licensed person who facilitates property transactions What is agency in real estate? ️☑️ Relationship where one acts on behalf of another 3 What is dual agency? ️☑️ Representing both buyer and seller in a transaction What is disclosure? ️☑️ Revealing material facts about property What is a material defect? ️☑️ A problem that affects property value What is a title insurance? ️☑️ Protection against defects in title What is joint tenancy? ️☑️ Ownership shared equally with right of survivorship What is tenancy in common? ️☑️ Shared ownership without survivorship rights What is community property? ️☑️ Property owned jointly by spouses What is a land contract? ️☑️ Agreement where buyer pays seller over time What is a quiet title action? ️☑️ Legal process to resolve ownership disputes What is encumbrance? ️☑️ Any claim or restriction on property What is a plat map? ️☑️ Map showing land divisions What is a building code? ️☑️ Regulations for construction standards What is a variance? ️☑️ Exception to zoning rules What is a nonconforming use? ️☑️ Existing use that does not meet current zoning What is a real estate appraisal? ️☑️ Estimation of property value 4 What is market value? ️☑️ Price a property would sell for in open market What is a contingency? ️☑️ Condition that must be met in a contract What is a purchase agreement? ️☑️ Contract to buy and sell property What is title defect? ️☑️ Problem affecting ownership rights