Certified Pennsylvania Evaluator
Exam (CPE)
Save
Practice questions for this set
Learn 1 /7 Study with Learn
Quit Claim Deed
Choose matching term
S- Sell
L- Lease
U-Use what plan do you find
1 2
G-Give away footers
, E-Enter/leave
R-Refuse to do anything
The deed by which the
grantor conveys only the
3 Downward (subtract) 4
interest he or she may
have in the property
Don't know?
Terms in this set (170)
,The most Market Value
probable price
which a property
should bring in a
competitive and
open market
under all
conditions
requisite to a fair
sale, the buyer
and seller each
acting prudently
and
knowledgeably,
and assuming the
price is not
affected by undue
stimulus. Implicit in
this definition is
the consummation
of a sale as of a
specified date and
the passing of title
from seller to
buyer whereby:
1. Buyer and seller
are typically
motivated
, 2. Both parties are
well informed or
well advised, and
asking in what thy
consider their best
interests
3. A reasonable
time is allowed for
exposure in the
open market
4. Payment is
made in terms of
cash in United
States dollars or in
terms of financial
arrangements
comparable
thereto
5. The price
represents the
normal
consideration for
the property sold
unaffected by
special or creative
financing or sales
concessions
granted by
Exam (CPE)
Save
Practice questions for this set
Learn 1 /7 Study with Learn
Quit Claim Deed
Choose matching term
S- Sell
L- Lease
U-Use what plan do you find
1 2
G-Give away footers
, E-Enter/leave
R-Refuse to do anything
The deed by which the
grantor conveys only the
3 Downward (subtract) 4
interest he or she may
have in the property
Don't know?
Terms in this set (170)
,The most Market Value
probable price
which a property
should bring in a
competitive and
open market
under all
conditions
requisite to a fair
sale, the buyer
and seller each
acting prudently
and
knowledgeably,
and assuming the
price is not
affected by undue
stimulus. Implicit in
this definition is
the consummation
of a sale as of a
specified date and
the passing of title
from seller to
buyer whereby:
1. Buyer and seller
are typically
motivated
, 2. Both parties are
well informed or
well advised, and
asking in what thy
consider their best
interests
3. A reasonable
time is allowed for
exposure in the
open market
4. Payment is
made in terms of
cash in United
States dollars or in
terms of financial
arrangements
comparable
thereto
5. The price
represents the
normal
consideration for
the property sold
unaffected by
special or creative
financing or sales
concessions
granted by
