PSI REAL ESTATE
Study online at https://quizlet.com/_9k6gn
1. The ability of the government to acquire real property Eminent Domain
against the owner for the benefit of the public.
2. When real property is conveyed to a party through a Devise
will. the real property is referred by what term?
3. What is the most complete estate in real property? Fee Simple
4. What is an exaggerated term from a real estate Puffing
agent,that would be considered not true?
5. What is the process of arriving at a final market value Reconciliation
conclusion from the estimates of three appraisal ap-
proaches to value?
6. A document in which a borrower certificate the Estoppel Certificate
amount owed on a mortgage loan and the rate of
interest.
7. This type of mortgage is based on the collateral secu- Blanket Mortgage
rity pledge of two properties?
8. The actual, visible, hostile, notorious, taking of anoth- Adverse Possession
er's land under a claim of title for a statutory period of
time.
9. A phrase in a contract that requires the performance Time is of the essence
of a certain act within a stated period of time.
10. The use of borrowed money to finance the bulk of an Leverage
investment.
11. What is another name for Regulation Z? Truth in Lending Act
, PSI REAL ESTATE
Study online at https://quizlet.com/_9k6gn
12. What is the type of listing contract in which the owners Exclusive Agency
employ one real estate broker but the owners pay no
commission fee if they sell their real estate to some-
one who has not contacted the broker?
13. What is the official name of a tenant who remains in a Holdover Tenant
leased property after the lease expires.
14. A typical business arrangement that is created when Syndicate
individual persons invest money for real estate invest-
ments
15. This type of loan in which the principal as well as the Amortized Loan
interest is payable in periodic installments over the
term of the loan.
16. Number of member on the PA Real Estate Commission 11
17. What is the profit call from the sale of real estate Capital Gain
according to the IRS
18. The fact that value must be exchanged between the Consideration
parties to a valid deed refers to what real estate term.
19. What legal action can be sought in court by a mort- Deficiency Judgement
gagee to recover lost money when the public sale of a
forced foreclosed property does not pay off the entire
mortgage debt?
20. Rights to enter and exit land? Ingress & Engress
21. Real estate licensee who supervises an incorporated Manager of Record
business that sell lists of available apartment units to
prospective lessees.
, PSI REAL ESTATE
Study online at https://quizlet.com/_9k6gn
22. What is it called when a lender initiates a court process Foreclosure
that will result in the public sale of real property.
23. What is the legal term for a buyer? Vendee
24. What is the name of the party being represented in an Principal
agency relation ship?
25. What the type of mortgage represents a junior lien in Wraparound Mortgage
which the in which the second lender is used to payoff
the first lender?
26. This is an attached item to a leased business property Trade Fixture
that can be removed by the tenant prior to the lease
expiration?
27. What is the contract that allows a junior lien to take Subordination Agreement
priority over the first mortgage?
28. When title to real property is held by a single person, Severalty
it is referred to as what form of ownership?
29. The boundary line of real property and the line indi- Setback
cating where the building can be built.
30. What type of lease requires the lessee to pay the rent Net Lease
as well as the other cost in maintaining a rented prop-
erty?
31. "The Agency Act" Created in 1998 Transaction Licensee
32. Cost Approach
Study online at https://quizlet.com/_9k6gn
1. The ability of the government to acquire real property Eminent Domain
against the owner for the benefit of the public.
2. When real property is conveyed to a party through a Devise
will. the real property is referred by what term?
3. What is the most complete estate in real property? Fee Simple
4. What is an exaggerated term from a real estate Puffing
agent,that would be considered not true?
5. What is the process of arriving at a final market value Reconciliation
conclusion from the estimates of three appraisal ap-
proaches to value?
6. A document in which a borrower certificate the Estoppel Certificate
amount owed on a mortgage loan and the rate of
interest.
7. This type of mortgage is based on the collateral secu- Blanket Mortgage
rity pledge of two properties?
8. The actual, visible, hostile, notorious, taking of anoth- Adverse Possession
er's land under a claim of title for a statutory period of
time.
9. A phrase in a contract that requires the performance Time is of the essence
of a certain act within a stated period of time.
10. The use of borrowed money to finance the bulk of an Leverage
investment.
11. What is another name for Regulation Z? Truth in Lending Act
, PSI REAL ESTATE
Study online at https://quizlet.com/_9k6gn
12. What is the type of listing contract in which the owners Exclusive Agency
employ one real estate broker but the owners pay no
commission fee if they sell their real estate to some-
one who has not contacted the broker?
13. What is the official name of a tenant who remains in a Holdover Tenant
leased property after the lease expires.
14. A typical business arrangement that is created when Syndicate
individual persons invest money for real estate invest-
ments
15. This type of loan in which the principal as well as the Amortized Loan
interest is payable in periodic installments over the
term of the loan.
16. Number of member on the PA Real Estate Commission 11
17. What is the profit call from the sale of real estate Capital Gain
according to the IRS
18. The fact that value must be exchanged between the Consideration
parties to a valid deed refers to what real estate term.
19. What legal action can be sought in court by a mort- Deficiency Judgement
gagee to recover lost money when the public sale of a
forced foreclosed property does not pay off the entire
mortgage debt?
20. Rights to enter and exit land? Ingress & Engress
21. Real estate licensee who supervises an incorporated Manager of Record
business that sell lists of available apartment units to
prospective lessees.
, PSI REAL ESTATE
Study online at https://quizlet.com/_9k6gn
22. What is it called when a lender initiates a court process Foreclosure
that will result in the public sale of real property.
23. What is the legal term for a buyer? Vendee
24. What is the name of the party being represented in an Principal
agency relation ship?
25. What the type of mortgage represents a junior lien in Wraparound Mortgage
which the in which the second lender is used to payoff
the first lender?
26. This is an attached item to a leased business property Trade Fixture
that can be removed by the tenant prior to the lease
expiration?
27. What is the contract that allows a junior lien to take Subordination Agreement
priority over the first mortgage?
28. When title to real property is held by a single person, Severalty
it is referred to as what form of ownership?
29. The boundary line of real property and the line indi- Setback
cating where the building can be built.
30. What type of lease requires the lessee to pay the rent Net Lease
as well as the other cost in maintaining a rented prop-
erty?
31. "The Agency Act" Created in 1998 Transaction Licensee
32. Cost Approach
