Real Estate QUIZMASTER
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Transcript of Real Estate QUIZMASTER
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Real Estate QUIZMASTER
100 100 100 100 100
200 200 200 200 200
300 300 300 300 300
400 400 400 400 400
500 500 500 500 500
Definitions Analytical Deeds MiscellaneousCommercial Leases
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Real Estate QUIZMASTER
100 100 100 100 100
200 200 200 200 200
300 300 300 300 300
400 400 400 400 400
500 500 500 500 500
Definitions Analytical Commercial Leases
MiscellaneousDeeds
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Definitions for 100
This is something of value given by both parties to the contract
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Definitions for 200
This is an invitation to contract and requires language evidencing the intent to contract presently
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Definitions for 300
Such a title is free of problems or objections that cast doubt on the quality ofthe title or on the seller’sauthority to convey it
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Definitions for 400
This is the judicial process of having property sold as a means of satisfying debt that the property secured
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Definitions for 500
This process allows the government to immediately get title to the land so that no public development is delayed
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Analytical for 100
It is necessary to specify the exact ________ of consideration for the real estate deed to be legally valid
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Analytical for 200
If a dispute arises between the Lessor and Lessee, most states will allow a tenant to withhold _____ till the dispute is settled
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
No fraud will have been committed even if the seller conveys false information, if the seller ________
Analytical for 300
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
________ does not cover any defects that were in existence at the time the policy is written
Analytical for 400
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Analytical for 500
The words “Do hereby grant and convey to John E. Doe” in a deed convey that Mr. Doe has __________
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
This deed is given by a court
Deeds for 100
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Deeds for 200
This deed is only valid for a limited time
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
This deed serves to transfer title
Deeds for 300
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Deeds for 400
In this type of deed, one of the grantor’s promises is that his title to the property is good
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
This type of deed is issued after the period of redemption in a mortgage foreclosure has passed
Deeds for 500
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Commercial Leases for 100
This is an arrangement when the tenant as an owner buys the property and sells it to some third party
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Commercial Leases for 200
In this kind of lease, the tenant agrees to build the improvements and holds a long term leasehold interest
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Commercial Leases for 300
In this type of lease, the landlord pays all operating expenses and the tenant pays a single lease payment
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Daily Double Commercial Leases for 400
This is a type of lease where the tenant pays certain defined expenses and the landlord pays everything else
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Commercial Leases for 500
A synthetic lease is structured in such a way that it is recorded as an expense on the _______
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Miscellaneous for 100
The offerer cannot revoke the offer once it has _________
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Miscellaneous for 200
ALTA stands for _________
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Miscellaneous for 300
This term is used when a landowner dies without a will
“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Miscellaneous for 400
The right of a governmental entity to take title to private property for public use is called _________