cosmetology EOPA UPDATED ACTUAL Questions and CORRECT Answers
The rights to use and control space above a specific parcel
Air rights are:
of land (as defined on the surface)
mortgage loan covering more than one parcel of real
Blanket Mortgage
estate
The body of appeal if you think your property tax appraisal
Board of Equalization
is too high.
The business of making sales and purchases for a com-
brokerage
mission; a broker.
A mortgage with payments that cover principal and inter-
Budget Mortgage
est, plus taxes, fire insurance, lease rent. PITI
an agency relationship between broker and client, which
Brokerage Engagement
can be created only by written contract.
Under "BRRETA ," the brokerage relationship is the rela-
Brokerage Relationship tionship that is formed as a result of the parties entering
into a brokerage engagement.
A form indicating the appraised value of a property being
Certificate of Reasonable Value (CRV)
financed with a VA loan.
The document given to the individual who successfully
Certificate of Sale bids and purchases a property at a Sheriff's Sale. It does
not convey title to the property.
Bundle of Rights possession, control, enjoyment, and so on
Buyer Brokerage Agreement An employment contract with a purchaser.
building codes standards for construction
a neutral area serving to separate residential forces or
buffer zone
commercial
Broker a person who is paid to buy and sell for someone else
, The failure, without legal excuse, of a promisor to perform
breach of contract
the obligations of a contract.
Illegal practice of inducing homeowners to sell their prop-
Blockbusting erties by telling them that a certain people of a certain
race, national origin or religion are moving into the area
A document used to transfer ownership of personal prop-
Bill of Sale
erty.
bequest something left to someone in a will
Certain reference lines which run east and west ; used in
Baseline
the rectangular survey system to locate land.
ballon payment a large lump-sum payment that must be paid at a set time
The loss of land caused by a sudden or violent change in
Avulsion
the course of a river, stream, or other body of water.
one who is legally appointed to transact business on an-
attorney
other's behalf
Attorney General Legal oflcer of the state
Attestation The act of witnessing a person's signing of an document
The rate of return a property will produce on the owner's
Capitalization Rate
investment.
Capitalization the process of converting future income into present value
The compass direction and distance for each boundary
call
line.
Covenants, conditions and restrictions. The basic rules es-
tablishing the rights and obligations of owners (and their
CC&Rs successors in interest) of real property within a subdivision
or other tract of land in relation to other owners within the
same subdivision or tract and in relation to an association
2/8
The rights to use and control space above a specific parcel
Air rights are:
of land (as defined on the surface)
mortgage loan covering more than one parcel of real
Blanket Mortgage
estate
The body of appeal if you think your property tax appraisal
Board of Equalization
is too high.
The business of making sales and purchases for a com-
brokerage
mission; a broker.
A mortgage with payments that cover principal and inter-
Budget Mortgage
est, plus taxes, fire insurance, lease rent. PITI
an agency relationship between broker and client, which
Brokerage Engagement
can be created only by written contract.
Under "BRRETA ," the brokerage relationship is the rela-
Brokerage Relationship tionship that is formed as a result of the parties entering
into a brokerage engagement.
A form indicating the appraised value of a property being
Certificate of Reasonable Value (CRV)
financed with a VA loan.
The document given to the individual who successfully
Certificate of Sale bids and purchases a property at a Sheriff's Sale. It does
not convey title to the property.
Bundle of Rights possession, control, enjoyment, and so on
Buyer Brokerage Agreement An employment contract with a purchaser.
building codes standards for construction
a neutral area serving to separate residential forces or
buffer zone
commercial
Broker a person who is paid to buy and sell for someone else
, The failure, without legal excuse, of a promisor to perform
breach of contract
the obligations of a contract.
Illegal practice of inducing homeowners to sell their prop-
Blockbusting erties by telling them that a certain people of a certain
race, national origin or religion are moving into the area
A document used to transfer ownership of personal prop-
Bill of Sale
erty.
bequest something left to someone in a will
Certain reference lines which run east and west ; used in
Baseline
the rectangular survey system to locate land.
ballon payment a large lump-sum payment that must be paid at a set time
The loss of land caused by a sudden or violent change in
Avulsion
the course of a river, stream, or other body of water.
one who is legally appointed to transact business on an-
attorney
other's behalf
Attorney General Legal oflcer of the state
Attestation The act of witnessing a person's signing of an document
The rate of return a property will produce on the owner's
Capitalization Rate
investment.
Capitalization the process of converting future income into present value
The compass direction and distance for each boundary
call
line.
Covenants, conditions and restrictions. The basic rules es-
tablishing the rights and obligations of owners (and their
CC&Rs successors in interest) of real property within a subdivision
or other tract of land in relation to other owners within the
same subdivision or tract and in relation to an association
2/8
