Florida Real Estate Vocabulary Questions and Answers 100% Pass

Florida Real Estate Vocabulary Questions and Answers 100% Pass Assignor - Correct Answer ️️ -A person who transfers a legal right to another Grantor - Correct Answer ️️ -Party giving the deed that conveys title Grantee - Correct Answer ️️ -Party receiving the deed and acquiring the title Lessor - Correct Answer ️️ -Landlord who gives lease Lessee - Correct Answer ️️ -Tenant who receives lease Lienor - Correct Answer ️️ -Person who has a claim on another's propert Lienee - Correct Answer ️️ -Person whose property is subject to a claim or charge by another Mortgagor - Correct Answer ️️ -Borrower who gives note and mortgage to obtain a loan Mortgagee - Correct Answer ️️ -Lender who receives note and mortgage Offeror - Correct Answer ️️ -Buyer making an offer to purchase Offeree - Correct Answer ️️ -Seller receiving an offer to purchase and who accepts counters or rejects the offer Optionor - Correct Answer ️️ -Owner who gives an option to a buyer Optionee - Correct Answer ️️ -Buyer who receives an option contract Vendor - Correct Answer ️️ -Seller in a sale contract Vendee - Correct Answer ️️ -Buyer in a sale contract Assignee - Correct Answer ️️ -Person whom a legal right is transferred Advanced fee - Correct Answer ️️ -Commission or partial compensation received by a broker prior to completing the real estate service Adverse interest - Correct Answer ️️ -Purpose in opposition to the interest of another party Adverse possession - Correct Answer ️️ -Method of obtaining title to real property by occupying it in an open and hostile manner contrary to the interest of the owner Affidavit - Correct Answer ️️ -Sworn statement written down before a notary or public official Absentee Owner - Correct Answer ️️ -Property holder who does not reside on the property who usually relies on a property manager to supervise the investment Acceleration clause - Correct Answer ️️ -Stipulation in a mortgage that the