5/6/25, 6:43 PM Principals of Real Estate 1 | Quizlet
Name: Score:
32 Multiple choice questions
Definition 1 of 32
The buyer's acceptance of an earnest money refund terminates the contract, releasing both
parties from any further obligation under the contract. Because this is a refund of the buyer's
earnest money, this cannot be considered liquidated damages.
Modification
Exclusive Right to Sell
Refund of Earnest Money
Tenancy in Common
Definition 2 of 32
Fidelity, Integrity, Competency
Canons of Professional Ethics and Conduct
Easement of Prescription
IABS Information About Brokerage Services
Homestead Protection
Term 3 of 32
Leasehold Estate
A lien that is freely given, usually got collateral for a loan
An agency relationship that gives the agent full authority to conduct business on behalf of
the client
An estate when an individual owns real property and rights does not expire
An estate that gives possession and use of the property without ownership
https://quizlet.com/777903803/test?answerTermSides=6&promptTermSides=6&questionCount=32&questionTypes=4&showImages=true 1/11
, 5/6/25, 6:43 PM Principals of Real Estate 1 | Quizlet
Term 4 of 32
immobility
Land cannot be destroyed
The process of adding fixtures
Land cannot be moved
intrusion on a person's territory, rights.
Definition 5 of 32
Property that become attached to the land to become real property
Fixture
Taxation
As valorem tax
Integrity
Definition 6 of 32
Concept of Spanish law, marriage is regarded as a a partnership rather than husband and wife
becoming one as in English law.
Community Reinvestment Act
True
Community Property
Separate Property
https://quizlet.com/777903803/test?answerTermSides=6&promptTermSides=6&questionCount=32&questionTypes=4&showImages=true 2/11
Name: Score:
32 Multiple choice questions
Definition 1 of 32
The buyer's acceptance of an earnest money refund terminates the contract, releasing both
parties from any further obligation under the contract. Because this is a refund of the buyer's
earnest money, this cannot be considered liquidated damages.
Modification
Exclusive Right to Sell
Refund of Earnest Money
Tenancy in Common
Definition 2 of 32
Fidelity, Integrity, Competency
Canons of Professional Ethics and Conduct
Easement of Prescription
IABS Information About Brokerage Services
Homestead Protection
Term 3 of 32
Leasehold Estate
A lien that is freely given, usually got collateral for a loan
An agency relationship that gives the agent full authority to conduct business on behalf of
the client
An estate when an individual owns real property and rights does not expire
An estate that gives possession and use of the property without ownership
https://quizlet.com/777903803/test?answerTermSides=6&promptTermSides=6&questionCount=32&questionTypes=4&showImages=true 1/11
, 5/6/25, 6:43 PM Principals of Real Estate 1 | Quizlet
Term 4 of 32
immobility
Land cannot be destroyed
The process of adding fixtures
Land cannot be moved
intrusion on a person's territory, rights.
Definition 5 of 32
Property that become attached to the land to become real property
Fixture
Taxation
As valorem tax
Integrity
Definition 6 of 32
Concept of Spanish law, marriage is regarded as a a partnership rather than husband and wife
becoming one as in English law.
Community Reinvestment Act
True
Community Property
Separate Property
https://quizlet.com/777903803/test?answerTermSides=6&promptTermSides=6&questionCount=32&questionTypes=4&showImages=true 2/11
