cosmetology EOPA Exam Study Guide with Complete Solutions

cosmetology EOPA Exam Study Guide with Complete Solutions Air rights are: - Answer️️ -The rights to use and control space above a specific parcel of land (as defined on the surface) Blanket Mortgage - Answer️️ -mortgage loan covering more than one parcel of real estate Board of Equalization - Answer️️ -The body of appeal if you think your property tax appraisal is too high. brokerage - Answer️️ -The business of making sales and purchases for a commission; a broker. Budget Mortgage - Answer️️ -A mortgage with payments that cover principal and interest, plus taxes, fire insurance, lease rent. PITI Brokerage Engagement - Answer️️ -an agency relationship between broker and client, which can be created only by written contract. Brokerage Relationship - Answer️️ -Under "BRRETA ," the brokerage relationship is the relationship that is formed as a result of the parties entering into a brokerage engagement. Certificate of Reasonable Value (CRV) - Answer️️ -A form indicating the appraised value of a property being financed with a VA loan. ©SOPHIABENNETT EXAM SOLUTIONS Saturday, September 7, 2024 6:58 PM Page | 2 Certificate of Sale - Answer️️ -The document given to the individual who successfully bids and purchases a property at a Sheriff's Sale. It does not convey title to the property. Bundle of Rights - Answer️️ -possession, control, enjoyment, and so on Buyer Brokerage Agreement - Answer️️ -An employment contract with a purchaser. building codes - Answer️️ -standards for construction buffer zone - Answer️️ -a neutral area serving to separate residential forces or commercial Broker - Answer️️ -a person who is paid to buy and sell for someone else breach of contract - Answer️️ -The failure, without legal excuse, of a promisor to perform the obligations of a contract. Blockbusting - Answer️️ -Illegal practice of inducing homeowners to sell their properties by telling them that a certain people of a cert