Name: Score:
100 Multiple choice questions
Definition 1 of 100
Member, Appraisal Institute.
MAI
EIS
MARS
MÄRZ
Definition 2 of 100
Combining several parcels of land.
Situs
Assemblage
Highest And Best Use
Variance
Definition 3 of 100
Payments rise over a period of years, and then usually level off for the remaining term of the loan.
Graduated Payment Mortgage
Life Estate With Reversion
Adjustable Rate Mortgage
Reverse Annuity Mortgage
,Definition 4 of 100
Allows limited use or enjoyment of another's land. It is a RIGHT IN LAND and must be written and
recorded. They can be created by express (written or verbal) or implied (actions or evidence)
grant, agreement, reservation, limitation, PRESCRIPTION, necessity or condemnation.
Lien
Encroachment
Easement
Encumbrance
Definition 5 of 100
Ownership by one person. Corporations or Partnerships.
Joint tenancy with right of survivorship
Community property
Estate in Severalty (Sole Ownership)
Limited liability company
Definition 6 of 100
If you default we can collect now.
Defeasance Clause
Acceleration Clause
General Lien
Prepayment Clause
,Definition 7 of 100
Includes real and personal property.
Package Loan
Participation Loan
Blanket Loan
Wraparound Loan
Definition 8 of 100
Due on Sale
Encumbrance
Alienation Clause
Defeasance Clause
Prepayment Clause
Definition 9 of 100
Anything that restricts your rights. Also a cloud on title.
Variance
Encroachment
Easement
Encumbrance
, Definition 10 of 100
Deed Restrictions, Deed Covenants, Deed Conditions and HOA.
4 Forms of Private Controls of Land Use
2 categories of environmental impact assessments
3 types of public land regulations
5 methods of property valuation
Definition 11 of 100
Easement owned by a person or corporation - such as a utility easement.
Easement Appurtenant
Encroachment
Easement in Gross
Eminent Domain
Definition 12 of 100
Final payment substantially larger than the rest.
Reverse mortgage / home equity line of credit
Balloon Loan / Partially Amortized Loan
Fixed rate mortgage / fully amortized loan
Interest-only Loan / Adjustable Rate Mortgage
100 Multiple choice questions
Definition 1 of 100
Member, Appraisal Institute.
MAI
EIS
MARS
MÄRZ
Definition 2 of 100
Combining several parcels of land.
Situs
Assemblage
Highest And Best Use
Variance
Definition 3 of 100
Payments rise over a period of years, and then usually level off for the remaining term of the loan.
Graduated Payment Mortgage
Life Estate With Reversion
Adjustable Rate Mortgage
Reverse Annuity Mortgage
,Definition 4 of 100
Allows limited use or enjoyment of another's land. It is a RIGHT IN LAND and must be written and
recorded. They can be created by express (written or verbal) or implied (actions or evidence)
grant, agreement, reservation, limitation, PRESCRIPTION, necessity or condemnation.
Lien
Encroachment
Easement
Encumbrance
Definition 5 of 100
Ownership by one person. Corporations or Partnerships.
Joint tenancy with right of survivorship
Community property
Estate in Severalty (Sole Ownership)
Limited liability company
Definition 6 of 100
If you default we can collect now.
Defeasance Clause
Acceleration Clause
General Lien
Prepayment Clause
,Definition 7 of 100
Includes real and personal property.
Package Loan
Participation Loan
Blanket Loan
Wraparound Loan
Definition 8 of 100
Due on Sale
Encumbrance
Alienation Clause
Defeasance Clause
Prepayment Clause
Definition 9 of 100
Anything that restricts your rights. Also a cloud on title.
Variance
Encroachment
Easement
Encumbrance
, Definition 10 of 100
Deed Restrictions, Deed Covenants, Deed Conditions and HOA.
4 Forms of Private Controls of Land Use
2 categories of environmental impact assessments
3 types of public land regulations
5 methods of property valuation
Definition 11 of 100
Easement owned by a person or corporation - such as a utility easement.
Easement Appurtenant
Encroachment
Easement in Gross
Eminent Domain
Definition 12 of 100
Final payment substantially larger than the rest.
Reverse mortgage / home equity line of credit
Balloon Loan / Partially Amortized Loan
Fixed rate mortgage / fully amortized loan
Interest-only Loan / Adjustable Rate Mortgage
