WRA Glossary With Question And Answers Rated A+

0-Bedroom Dwelling - correct answerAny Residentaial dwelling in which the living area is not separated from the sleeping area. Abstract of Title - correct answera condensed history of the title to a particular piece of realestate showing, in chronological sequence, matters such as conveyances, liens, and the encumbrances which have been recorded against the title in the office of the register of deeds or other public place. Acceleration Clause - correct answerA clause within a mortgage, permitting the lender to accelerate the amount due upone default and declare the entire balance due. Acceptance - correct answerAcceptance occurs when all buyers and the sellers have signed an identical copy of the offer, including signature on separate but identical copies of the offer. Accession - correct answerThe right of the property owner to become intitled to all which the property produces, and to all that is added to it, either naturally or artificially. For example, the owner of an office building would acquire the abandoned trade fixtures of a tenant as real property. Active Property - correct answerProperty currently for sale.