This class was created by Brainscape user Ken Matthews. Visit their profile to learn more about the creator.
By:
Ken Matthews
- decks
- flashcards
- learners
Decks in this class (78)
N1 Real Property Characteristics,Legal Descriptions And Property Use (9)
____________ consist of land impr...,
The _______ blank is often used t...,
__________ our man s additions to...
72
cards
Timelines
A consumer can file a fair housin...,
Timeframe for a consumer to file ...,
Hey seller or landlord must keep ...
21
cards
NCh2 Types Of Leases
The landlord pays all the expense...,
The tenant pays rent plus some of...,
Lease in which all or part of the...
8
cards
NCh2 Types Of Leasehold Estates
This lease has a specific startin...,
This lease has a fixed that is au...,
This lease can be terminated by e...
4
cards
NCh2 Lease Clauses, Provisions And Terms
A landlord is usually prohibited ...,
The tenant having the right to ma...,
The transfer of some or all of th...
9
cards
NCh2 Liens And Lien Priority
A charge against property as secu...,
The type of lien attaching to one...,
What type of lien attaches to all...
14
cards
NCh2 Surface, Subsurface And Air Rights
The rights that consist of rights...,
The right that consist of the rig...,
The right to use water from a riv...
8
cards
NCh2 Deed,Title, Txfr Of Title And Recording Of Title
What is a change of ownership of ...,
What do we call an owner transfer...,
Any instrument or document that t...
5
cards
NCh2 Requirements of a Valid Deed
The first requirement of a valid ...,
The second requirement of a valid...,
The third requirement of a valid ...
6
cards
NCh2 Types Of Deeds
The type of deed that guarantees ...,
The type of deed that guarantees ...,
The type of deed with only one co...
4
cards
NCh2 Deed Covenants And Warranties
The grantor claims to be the owne...,
The grantor promises the new owne...,
The grantor is responsible for an...
15
cards
NCh2 Foreclosure and Alternatives
The legal process instituted by a...,
Any excess money left over from t...,
In the event of a shortage from a...
9
cards
NCh2 Title And Title Insurance
Ownership of something and the le...,
What type of title can be transfe...,
What type of title is one that a ...
10
cards
NCh3 Concept Of Value
The most probable price is define...,
The first basic characteristic of...,
The second basic characteristic o...
6
cards
NCh3 Principles Of Value
This principle of value gives the...,
This principle of value sets an u...,
This principle of value states th...
12
cards
NCh3 The Appraisal Process
First step in the appraisal proce...,
The second step of the appraisal ...,
The third step of the appraisal p...
6
cards
NCh3 methods Of Estimating Value And Broker Price Opinions
This approach to appraisal is pri...,
This approach to appraisal is use...,
This approach to appraisal is use...
3
cards
NCh3 The Three Types Of Depreciation In The Cost Approach
This type of depreciation in the ...,
This type of deterioration in the...,
This type of depreciation any cos...
3
cards
NCh3 Investment Analysis
The appraisal tool used for resid...,
To determine a neighborhood grm w...,
What is the name of the appraisal...
3
cards
NCh3 The CMA And BPO
Name the tool used by licensees t...,
The result of the cma producing a...,
A brokers written opinion of valu...
4
cards
NCh3 Assessed Value And Taxes
The value for your property for t...,
If the local government is provid...,
If your property is located in a ...
3
cards
NCh4 Types Of Contracts
The type of contract that is writ...,
The type of contract that is by a...,
The type of contract that binds o...
5
cards
NCh4 Required Elements Of A Contract
The first element of a contract c...,
The second element of a contract ...,
The 3rd element of a contract col...
6
cards
NCh4 Contract Performance
The term used when all the terms ...,
A contract that is signed but not...,
If a contract meets a requirement...
18
cards
NCh4 Sales Contract
A properly completed form with a ...,
A rejection of the offer and the ...,
The liquidated damages if the buy...
6
cards
The IRS Tax Code And Real Estate
The period of profitable use duri...,
Additional capital or property in...,
What is considered a single bigge...
12
cards
NCh4 Types Of Agency -Creation, Termination, And Obligations
The principal agent relationship ...,
What governs the relationship bet...,
When do states require the disclo...
9
cards
NCh4 Levels Of Agency
What is a person with power of at...,
The first level of agency giving ...,
The second level of agency giving...
12
cards
NCh4 Types Of Agents
What is the type of broker who re...,
What is a licensee who assists a ...,
The type of broker agreeing to re...
7
cards
NCh4 Duties Of The Principle To Agent (CRIP)
The first principle s duty to an ...,
The second principle s of duty to...,
The 3rd principle s duty to an ag...
4
cards
NCh4 Duties Of The Agent To The Princlple (OLD CAR)
The first duty of the principle t...,
The second duty of the agent to t...,
The third duty of an agent to his...
6
cards
NCh5 Scope Of Expertise
What is the best way for a licens...,
A fair proper and do degree of ca...
2
cards
NCh5 Privacy And Do Not Contact
What must a licensee comply with ...,
What does a licensee need from a ...,
Consumer privacy for emails falls...
5
cards
Ch5 Requirements Of a Valid Listing Agreement
The first requirement for a valid...,
The second requirement for a vali...,
The requirement of a valid listin...
5
cards
NCh5 The Four Types Of Listing Agreements
The type of listing agreement wit...,
What type of listing agreement wi...,
The type of listing agreement whe...
4
cards
NCh5 termination Of Employment Contracts
Aside from the agreed termination...,
Aside from the agreed termination...,
Aside from the agreed termination...
5
cards
NCh5 property Manager, And Owner Relationships
What type of agent is a property ...,
What is used to create the relati...,
Gross income minus operation expe...
7
cards
NCh5 Fair Housing Laws
What law prohibits discrimination...,
What act was passed and when to f...,
In 1974 title viii of the civil r...
22
cards
Americans With Disabilities Act NCh5 Americans With Disabilities Act
This act was passed to prohibit d...,
What is true regarding reconstruc...,
What structures buildings organiz...
5
cards
NCh5 Risk Management
If a broker excepts earnest money...,
Under what condition may all clie...,
When a broker makes his client mo...
24
cards
NCh6 Property Conditions And Environmental Issues
Where is lead found,
What is required of all propertie...,
Within how many days of the effec...
33
cards
NCh6 Disclosure Obligations And Liability
Who prepares the seller s disclosure,
Who is responsible for the accura...,
What is the agent role in regards...
13
cards
NCh7 Financing Concepts And Components
Which type of loan is neither fed...,
In an effort to encourage homeown...,
Through which three agencies does...
9
cards
Lien Theory Vs Title Theory And Deed Of Trust
An instrument for the debt that i...,
A pledge of real property as secu...,
Which party in a mortgage is the ...
9
cards
NCh7 Sources Of Financing
Where do consumers go to borrow m...,
What entities are included in the...,
Where do lenders go for money
10
cards
NCh7 Types Of Loans And Loan Programs
The type of loan providing equal ...,
The type of loan which is interes...,
The type of loan covering more th...
13
cards
NCh7 FHA - Federal Housing Administration
What is the purpose of the fha,
How much of the loan does the fha...,
How is the fha insurance paid for
12
cards
NCh7 VA - Department Of Veterans Affairs
What portion of the loan does the...,
Which party is responsible for th...,
What type of down payment is need...
16
cards
NCh7 Mortgage Clauses
What provision in a written mortg...,
What is the due on sale clause th...,
What is a clause that states that...
10
cards
NCh7 Lender Requirements
What is the loan amount as a perc...,
What is 1 of the loan amount called,
A prepaid interest which is also ...
5
cards
NCh7 TRUTH-IN-LENDING ACT
The truth in lending act is admin...,
What is the purpose of the truth ...,
What tells the borrowers the true...
9
cards
NCh7 Real Estate Settlement, And Procedures Act
Who is respa implemented by,
What is the purpose of respa,
Who is respa administered by
14
cards
NCh7Settlement And Closing
The closing or settlement on the ...,
What do we do on the closing disc...,
What do we do on the closing disc...
9
cards
SCh1 General Powers And Composition
When was trec created,
Why was trec created,
When was the license act passed
13
cards
SCh1 complaints, Investigations, Hearings, Appeals
How long does an individual have ...,
If your license is revoked by tra...,
If your license is revoked by tre...
3
cards
SCh1 Penalties
People engage in the real estate ...,
What are the civil penalties of p...,
What are the administrative penal...
3
cards
SCh1 Real Estate Recovery Trust Account
Why was the real estate recovery ...,
How much can an aggrieved party c...,
How is the real estate recovery t...
6
cards
SCh2 persons/Activities Requiring A License
Does anyone selling a mobile home...,
Does an attorney need to have a r...,
There s an auctioneer calling a r...
11
cards
SCh2 Business Entities Inspectors In Appraisers
What is another name for the brok...,
What is a name use only by a team...,
What are the rules of having a te...
6
cards
SCh2 Education Requirements
What are the education requiremen...,
How many classroom hours are requ...,
What is true about the 30 hours o...
6
cards
NCh2 License Maintenance And Renewal
Upon passing both the license exa...,
Before or during the first two ye...,
During the first two year license...
7
cards
SCh3 Professional, Ethics, And Conduct
Which canon of professional ethic...,
Which canon a professional ethic ...,
Which cannon of professional ethi...
6
cards
SCh3 unauthorized Practice Of Law And Trust Accounts
When a license holder is working ...,
What are the three entities that ...,
If the earnest money option fee p...
6
cards
SCh3 Advertising Rules
How does trec require a broker or...,
How does trec require a broker or...,
What must a broker website includ...
4
cards
SCh4 Disclosure
What bill requires a license hold...,
What are the exceptions to senate...,
Is the iabs form presented before...
4
cards
SCh4 intermediary Practice
Under what condition does senate ...,
Which takes precedence statutory ...,
As an intermediary what would be ...
7
cards
SCh4 Duties To Client
Under what circumstance her situa...,
What situation may license holder...,
Under what situation or circumsta...
5
cards
SCh4 compensation Agreement And Broker/Sales Agent Relationships
What must a broker be able to pro...,
Who must ensure that all sponsore...,
Who is responsible for any proper...
7
cards
SCh4 Unlicensed Assistants
Who can be fined under trec s aut...,
What 4 things can an unlicensed a...
2
cards
SCh5 use An Understanding Of Standard Contract Forms
What are the exceptions to the st...,
Who does trec not have forms for 3,
Which organization writes the pro...
6
cards
SCh5 The TREC 1–4(P2-5)
Accessories which may or may not ...,
The cash portion 3a the financing...,
Seller may not with buyers writte...
10
cards
SCh5(P6) Time Is Of The Essence
The title company has 20 days to ...,
Within ________ days after the ef...,
Allows the buyer to choose a numb...
5
cards
SCh6 (P7) Seller’s Disclosure
Seller at sellers expense shall k...,
If the buyer has not received the...,
Hey solis it s closure is not req...
5
cards
SCh5 TREC 1-4(P8-23)
Brokers and sales agents texas la...,
Special provisions this paragraph...,
Default all trec contracts have a...
7
cards
SCh6 Community Property
What type of the state is communi...,
Is all property acquired after ma...,
Is income on separate property co...
7
cards
SCh6 Homestead
What type of the state is homeste...,
Can homestead protection be waived,
Is homestead protection automatic
12
cards
SCh6 Deceptive, Trade Practices Act
Deceptive trade practices act all...,
How long does one have from the d...
2
cards
SCh6 Wills And Estates
0
cards
More about
Real Estate
- Class purpose General learning
Learn faster with Brainscape on your web, iPhone, or Android device. Study Ken Matthews's Real Estate flashcards now!
How studying works.
Brainscape's adaptive web mobile flashcards system will drill you on your weaknesses, using a pattern guaranteed to help you learn more in less time.
Add your own flashcards.
Either request "Edit" access from the author, or make a copy of the class to edit as your own. And you can always create a totally new class of your own too!
What's Brainscape anyway?
Brainscape is a digital flashcards platform where you can find, create, share, and study any subject on the planet.
We use an adaptive study algorithm that is proven to help you learn faster and remember longer....
Looking for something else?
Real Estate Test
- 30 decks
- 2204 flashcards
- 422 learners
Decks:
Real Estate National, Real Estate National Ch7, Real Estate National Test Ch 8, And more!
Real Estate
- 39 decks
- 789 flashcards
- 727 learners
Decks:
Chapter 1 The Real Estate Business Fitb, Chapter 5 Brokerage Operations Fitb Mc, Chapter 6 Violations Of License Law Pena, And more!
