Bare naked title Study guides, Class notes & Summaries

GEORGIA REAL ESTATE EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED. Title - -Document that shows ownership Alienation - -To sell or convey Transfer: change of ownership Legal Title - -Ownership with right of possession and use Equitable Title - -Right to legal title upon completion of contract Buyer receives after they go into contract until seller meets all buyer's needs also closing costs Bare (naked) Title - -Ownership without possession rights or use Some states use a th...

The rules were that what you borrowed, plus interest, must be paid back the next year or at some other agreed upon time. This is called a _______. correct answers Term Loan A word that literally means to kill off. Each payment is an ___________ partially pays off BOTH principal and interest. correct answers Amortize. Amortized Loan. A borrower's personal promise to repay a debt according to the agreed terms. correct answers Promissory Notes. Secured by a Deed of Trust. In some states, ...

Georgia Real Estate Exam Vocabulary Georgia Real Estate Exam Vocabulary Georgia Real Estate Exam Vocabulary Georgia Real Estate Exam Vocabulary Title - ANSWER-Document that shows ownership Alienation - ANSWER-To sell or convey Transfer: change of ownership Legal Title - ANSWER-Ownership with right of possession and use Equitable Title - ANSWER-Right to legal title upon completion of contract Buyer receives after they go into contract until seller meets all buyer's needs...

Title - Answer Document that shows ownership Alienation - Answer To sell or convey Transfer: change of ownership Legal Title - Answer Ownership with right of possession and use Equitable Title - Answer Right to legal title upon completion of contract Buyer receives after they go into contract until seller meets all buyer's needs also closing costs Bare (naked) Title - Answer Ownership without possession rights or use Some states use a third party to hold the title (tr...

Title - ANSWER-Document that shows ownership Alienation - ANSWER-To sell or convey Transfer: change of ownership Legal Title - ANSWER-Ownership with right of possession and use Equitable Title - ANSWER-Right to legal title upon completion of contract Buyer receives after they go into contract until seller meets all buyer's needs also closing costs Bare (naked) Title - ANSWER-Ownership without possession rights or use Some states use a third party to hold the title (trustee) unt...

Georgia Real Estate Exam Vocabulary Already Graded A+ Title Document that shows ownership Alienation To sell or convey Transfer: change of ownership Legal Title Ownership with right of possession and use Equitable Title Right to legal title upon completion of contract Buyer receives after they go into contract until seller meets all buyer's needs also closing costs Bare (naked) Title Ownership without possession rights or use Some states use a third party to hold the title (tr...

Georgia Real Estate Exam Vocabulary Latest Updated 2023 Title Document that shows ownership Alienation To sell or convey Transfer: change of ownership Legal Title Ownership with right of possession and use Equitable Title Right to legal title upon completion of contract Buyer receives after they go into contract until seller meets all buyer's needs also closing costs Bare (naked) Title Ownership without possession rights or use Some states use a third party to hold the title (trustee) until...

ASREB Flash cards

Title Document that shows ownership Alienation To sell or convey Transfer: change of ownership Legal Title Ownership with right of possession and use Equitable Title Right to legal title upon completion of contract Buyer receives after they go into contract until seller meets all buyer's needs also closing costs Bare (naked) Title Ownership without possession rights or use Some states use a third party to hold the title (trustee) until the borrower pays off t...

Title CORRECT ANSWER Document that shows ownership Alienation CORRECT ANSWER To sell or convey Transfer: change of ownership Legal Title CORRECT ANSWER Ownership with right of possession and use Equitable Title CORRECT ANSWER Right to legal title upon completion of contract Buyer receives after they go into contract until seller meets all buyer's needs also closing costs Bare (naked) Title CORRECT ANSWER Ownership without possession rights or use Some states use a third party t...