Florida Real Estate License EXAM WITH CORRECT
ACTUAL QUESTIONS AND CORRECTLY WELL
DEFINED ANSWERS LATEST ALREADY GRADED
A+
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Terms in this set (675)
Abandonment A surrender of rights; point when a broker makes no
effort to service or sell listed property; failure to
perform.
Absentee owner A property holder who does not reside on the
property and who usually relies on a property
manager to supervise the investment.
Abstract of title Condensed history of title to real property
consisting of a summary of the links in the chain of
title" extracted from documents bearing on the title
status."
, Acceleration clause Stipulation in a mortgage that the entire unpaid
balance of the debt may become due and payable
if a default of expressed conditions should occur.
Acceptance Voluntary receipt of an item offered by another.
Accretion Gradual addition of land caused by natural forces,
such as wind, tide, flood, or watercourse deposits.
Acknowledgment Formal declaration before an authorized official, by
the person who executed the instrument, that it is a
free act.
Actual notice Information a person has actually learned by
reading, seeing, or hearing.
Adjudication A judicial or court decision.
Adjustable-rate mortgage (ARM) A financing technique in which the lender can raise
or lower the interest rate according to a set index.
Adjusted basis The owner's original cost plus buying expenses plus
capital improvements.
Administrative law judge An attorney employed by the Division of
Administrative Hearings, Department of
Administration, to hear complaints and issue
recommended orders.
ACTUAL QUESTIONS AND CORRECTLY WELL
DEFINED ANSWERS LATEST ALREADY GRADED
A+
Play your way to mastery with fun games
Match Blocks Charms NEW
Terms in this set (675)
Abandonment A surrender of rights; point when a broker makes no
effort to service or sell listed property; failure to
perform.
Absentee owner A property holder who does not reside on the
property and who usually relies on a property
manager to supervise the investment.
Abstract of title Condensed history of title to real property
consisting of a summary of the links in the chain of
title" extracted from documents bearing on the title
status."
, Acceleration clause Stipulation in a mortgage that the entire unpaid
balance of the debt may become due and payable
if a default of expressed conditions should occur.
Acceptance Voluntary receipt of an item offered by another.
Accretion Gradual addition of land caused by natural forces,
such as wind, tide, flood, or watercourse deposits.
Acknowledgment Formal declaration before an authorized official, by
the person who executed the instrument, that it is a
free act.
Actual notice Information a person has actually learned by
reading, seeing, or hearing.
Adjudication A judicial or court decision.
Adjustable-rate mortgage (ARM) A financing technique in which the lender can raise
or lower the interest rate according to a set index.
Adjusted basis The owner's original cost plus buying expenses plus
capital improvements.
Administrative law judge An attorney employed by the Division of
Administrative Hearings, Department of
Administration, to hear complaints and issue
recommended orders.
