Guam Uniform Real Estate Exam Questions and Answers Latest Update
3 lot 4 acre
C
Terms in this set (80)
Guam Uniform Real Estate Exam Questions and Answers Latest Update
, Guam Uniform Real Estate Exam Questions and Answers Latest Update
Amortized Loan a loan that is repaid in equal payments over its life
FHA loan A loan from Federal Housing Administration; insures loans to
low- and moderate-income families who might not otherwise
qualify for a mortgage
Capitalization present value of future benefits attributable to a property
$10,000.00+ must be reported to the IRS
Chattel personal property
Exclusive Agency Listing A contractual agreement under which the listing broker acts as
the agent or as the legally recognized non-agency
representative of the seller(s), and the seller(s) agrees to pay a
commission to the listing broker if the property is sold through
the efforts of any real estate broker
3% FHA may allow down payments as low as
Affidavit of Title A sworn statement that title is good.
Commisions are earned when the seller accepts the buyers offer w/out conditions
eminent domain the right of government to take private property for public
use
time-share An individual interest in a real property unit together with a
right of exclusive use for a specified number of days or weeks
per year.
1 mile 5,280 feet
square mile 640 acres
acre 43,560 square feet
Guam Uniform Real Estate Exam Questions and Answers Latest Update
3 lot 4 acre
C
Terms in this set (80)
Guam Uniform Real Estate Exam Questions and Answers Latest Update
, Guam Uniform Real Estate Exam Questions and Answers Latest Update
Amortized Loan a loan that is repaid in equal payments over its life
FHA loan A loan from Federal Housing Administration; insures loans to
low- and moderate-income families who might not otherwise
qualify for a mortgage
Capitalization present value of future benefits attributable to a property
$10,000.00+ must be reported to the IRS
Chattel personal property
Exclusive Agency Listing A contractual agreement under which the listing broker acts as
the agent or as the legally recognized non-agency
representative of the seller(s), and the seller(s) agrees to pay a
commission to the listing broker if the property is sold through
the efforts of any real estate broker
3% FHA may allow down payments as low as
Affidavit of Title A sworn statement that title is good.
Commisions are earned when the seller accepts the buyers offer w/out conditions
eminent domain the right of government to take private property for public
use
time-share An individual interest in a real property unit together with a
right of exclusive use for a specified number of days or weeks
per year.
1 mile 5,280 feet
square mile 640 acres
acre 43,560 square feet
Guam Uniform Real Estate Exam Questions and Answers Latest Update
