Aceable Agent Real Estate Study Terms Question with complete solution 2023

Aceable Agent Real Estate Study Terms Question with complete solution 2023/2024Abstract of Title - correct answer The condensed history of a title to a particular parcel of real estate, consisting of a summary of the original grant and all subsequent conveyances and encumbrances affecting the property and a certification by the abstractor that the history is complete and accurate. abutting - correct answer sharing a common boundary; adjoining acceleration clause - correct answer The clause in a mortgage or deed of trust that can be enforced to make the entire debt due immediately if the borrower defaults on an installment payment or other covenant. accession - correct answer the right to all that one's own property produces, including that which is added, either naturally or by human action, to the property already owned Accessory Use - correct answer The use or occupancy incidental or subordinate to the principal use or occupancy of a property. accounting - correct answer an agent's duty to account for all funds and/or property a client has entrusted to them during their agency relationship; one of the fiduciary duties an agent owes the principal that extends beyond termination of the agency relationship