Principles 1: Cumulative Test.

Principles 1: Cumulative Test. living trust - ANSWER a trust created during someone's life to manage their assets in life and in death abstract of title - ANSWER an abbreviated history of a property, including info on any transfers, grants, wills, conveyances, liens, and encumbrances accretion - ANSWER the process that results in the gradual increase in land area through deposits of soil by action of water acre - ANSWER a measure of the surface of land (43,560 square feet) ad valorem taxes - ANSWER a tax calculated according to the assessed value of a piece of real estate adaptation - ANSWER the use and modification of a particular item for a specific use in a property addenda - ANSWER documents containing additional terms, information, or obligations that are attached to a contract agency - ANSWER an agreed-upon relationship between two individuals wherein one represents the interests or acts on behalf of the other agency by ratification - ANSWER an unauthorized action taken on behalf of a principal which is accepted and legitimized after the fact by the principal agent - ANSWER an individual with authority to act on behalf of another; a state license is required to operate as an agent in real estate air lot - ANSWER airspace above a parcel of land air rights - ANSWER the right to use the airspace above the surface of land amendment - ANSWER changes or modifications to an already agreed-upon contract Americans with Disabilities Act - ANSWER a federal law enacted to remove barriers for individuals with disabilities amortization - ANSWER the process of paying off a debt/mortgage in regular installments based on a fixed payment schedule apartment locator - ANSWER a real estate license holder who locates dwelling units for prospective tenants