Real Estate Exam FL Sales Associate
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Terms in this set (172)
, A property owner who does not
reside on the property and who
Absentee Owner
usually relies on a property manager
to oversee the investment
A compilation of the recorded
documents relating to a parcel of
Abstract of Title land from which an attorney may give
an opinion as to the condition of title
(a history of title)
A condition in a loan contract that
permits the lender to require
immediate repayment of the entire
Acceleration
loan balance of the loan if the
Clause
contract is breached or conditions
for repayment occur, such as sale or
demolition
A written declaration by a person
signing a document, given before an
Acknowledgmen
officer authorized to give an oath
t
(notary public), stating that the
signing is the person's voluntary act
, Giving oral or written notice,
presenting a deed, giving verbal
Actual notice
notice, or physically moving into a
property
Ad Valorem According to value
When a criminal final judgment is
Adjudication
withheld or not recorded in public
Withheld
record
A mortgage loan with a calculated
Adjustable Rate
interest rate that may increase or
Mortgage (ARM)
decrease during the term of the loan
A method of acquiring title by
Adverse possession under open, notorious,
Possession: exclusive, and hostile conditions for
seven or more years
A person authorized by a principal to
Agent
act on the principal's behalf
A mortgage loan that is fully repaid
Amortized according to a periodic and
Mortgage consistent schedule that includes
both principal and interest
UPDATED ACTUAL Exam Questions
and CORRECT Answers
Save
Warm up with practice questions
Learn
Studied 7 terms
Nice work, you're crushing it
Continue studying in Learn
Terms in this set (172)
, A property owner who does not
reside on the property and who
Absentee Owner
usually relies on a property manager
to oversee the investment
A compilation of the recorded
documents relating to a parcel of
Abstract of Title land from which an attorney may give
an opinion as to the condition of title
(a history of title)
A condition in a loan contract that
permits the lender to require
immediate repayment of the entire
Acceleration
loan balance of the loan if the
Clause
contract is breached or conditions
for repayment occur, such as sale or
demolition
A written declaration by a person
signing a document, given before an
Acknowledgmen
officer authorized to give an oath
t
(notary public), stating that the
signing is the person's voluntary act
, Giving oral or written notice,
presenting a deed, giving verbal
Actual notice
notice, or physically moving into a
property
Ad Valorem According to value
When a criminal final judgment is
Adjudication
withheld or not recorded in public
Withheld
record
A mortgage loan with a calculated
Adjustable Rate
interest rate that may increase or
Mortgage (ARM)
decrease during the term of the loan
A method of acquiring title by
Adverse possession under open, notorious,
Possession: exclusive, and hostile conditions for
seven or more years
A person authorized by a principal to
Agent
act on the principal's behalf
A mortgage loan that is fully repaid
Amortized according to a periodic and
Mortgage consistent schedule that includes
both principal and interest
