Illinois Real Estate Acronyms
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Transcript of Illinois Real Estate Acronyms
M A R K I L E M O N S - RY H A L
ILLINOIS REAL ESTATE ACRONYMS
TERMINATION OF AGENCY
BADD MICEB BankruptcyA AbandonmentD DestructionD DeathM Mutual AgreementI IncapacityC CompletionE Expiration
FIDUCIARY RESPONSIBILITIES
OLD CARO Obedience
L Loyalty
D Disclosure
C Confidentiality
A Accountability
R Reasonable Care
UNLICENSED ASSISTANT
SEAS Secretarial
E Errands
A Administrative
5 ANTI-TRUST LAWS
TAR GAPT Tie In Agreement
A Allocation of Customers
R Restrain of Trade
G Group Boycotting
A Allocation of markets
P Price Fixing
GOVERNMENT POWERS
PETEP Police Powers
E Eminent Domain
T Taxation
E Escheat
FIXTURES
I Intention
A Annexation
A Adaption
A Agreement
REAL PROPERTY ECONOMIC CHARACTERISTICS
P Performance of Investment
I Improvements
S Scarcity
A Area of Preference
REAL PROPERTY PHYSICAL CHARACTERISTICS
Invest In Us
I Immobility
I Indestructibility
U Uniqueness
REAL PROPERTY BUNDLE OF LEGAL RIGHTS
D Disposition
E Enjoyment
E Exclusion
P Possession
C Control
VALID LEASE
CLOACC Capacity to
ContractL Legal ObjectivesO OfferA AcceptanceC Consideration
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