Top Real Estate Flashcards

The Oxford English dictionary gives its definition of real estate as, “property consisting of land and the buildings on it, along with its natural resources … an item of real property; buildings or housing in general”. It’s easy to think of real estate in physical terms – an area of land or a specific building – but it’s also an important legal concept which outlines the boundaries of that parcel of land or building and the rights or an individual or entity to assert ownership or residence over that particular space. 

In modern language usage, real estate is also the term used to refer to property for sale, with a real estate broker the professional who markets, sells and rents houses, condos, apartments and even office buildings. Fill in your real estate knowledge right now with our useful flashcards.
Define The Following Fixture (Property Law) In Real Estate Flashcards
Cards: 95| Attempts: 1035| Last updated: Mar 31, 2021
  Coal Notice
  Requires The Seller To Provide Notice To A Pu...
  Three Conditions That Must Be Met For A Mobil...
   1. Mobile Home Is Transferred In Conjunctio...
  Zoning
  The Governing Body Of A Municipality Is Respo...
  Impact Fees
  Charges Permitted By The Pennsylvania Municip...
Business Broker Terms In Real Estate Flashcards
Cards: 12| Attempts: 428| Last updated: Sep 9, 2020
  BrokerageBroker: Salesperson:
  Broker: Person Or Company Liscensed To Buy, S...
  Appraisal / Appraised Value:Who Is This Done ...
  Process Of Estimating A Property's Market Val...
  Assessed Value:Who Is This Done For?
  Done For The TOWN For Tax Purposes I.e. To De...
  Market Value:Done For The?
  This Is The Actual Price Value For Putting It...
Define The Following Real Estate Terminology Flashcards
Cards: 27| Attempts: 408| Last updated: Mar 31, 2021
  Amortization
  The Rate At Which Your Principal Is Decreased
  Appraised Value
  Objective Opinion Of How Much Your House Is W...
  What Does The Term Point Refer To?
  One Percent Of The Purchase Price One Percen...
  Define Cashflow
  Money Left Over After The Expenses Are Paid O...

Real Estate Exam Chapter 19 Land Use Controls & Prop Development Flashcards
Cards: 12| Attempts: 132| Last updated: Oct 14, 2020
  Police Power
  States' Inherant Authority To Make Regulation...
  Comprehensive (master) Plan
  What Local Govmt Uses To Establish Developmen...
  Zoning 
  - Regulates And Controls How Land Is Used- Zo...
  Zoning Ordinances
  Local Laws That Implement The Comprehensive P...
Real Estate Exam Chapter 20 Fair Housing & Ethical Practices Flashcards
Cards: 14| Attempts: 113| Last updated: Oct 29, 2020
  1) Civil Rights Act Of 1866
  "All Citizens...same Right As White Citizens....
  2) Fair Housing Act Of 1968 (Title VIII)
  - Expanded: Race, Color, Religion, National O...
  3) Housing And Community Development Act 1974...
  - Added Sex
  4) Fair Housing Amendments Act 1988 
  - Added Disability And Familial Status (kids)...
Real Estate Unit 1 Real Property And Ownership Flashcards
Cards: 13| Attempts: 106| Last updated: Oct 30, 2020
  Check
  QuadrangleA 24 Mile By 24 Mile Parcel In The ...
  Chattles
  Items Of Tangible Personal Property. As A Per...
  Bundle Of Rights
  The Rights Of Ownership Associated With Real ...
  Benchmark
  A Reference Point Or Marker Placed By A Surve...
Real Estate Terms Flashcards
Cards: 14| Attempts: 68| Last updated: Mar 31, 2021
  Broker
  One Who Acts As An Intermediary On Behalf Of ...
  Business Cycles
  Upward And Downward Fluctuations In Business ...
  Chattel
  (aka Personal Property)Movable Objects. Such ...
  Heterogeneity
  Uniqueness Of Each Parcel Of Land That Gives ...
Real Estate 1 Property Ownership 3 Flashcards
Cards: 28| Attempts: 60| Last updated: Oct 30, 2020
  A Freehold Estate Which Is Inheritable Is A _...
  Fee
  The Most Important Distinguishing Feature Of ...
  Inheritable
  A Fee Estate Is One Type Of _____ Estate -le...
  Freehold
  An Estate Which Is Only Limited By The Govern...
  Fee Simple
Real Estate License Law Unit 1 Flashcards
Cards: 25| Attempts: 60| Last updated: Oct 30, 2020
   police Power
  A State’s Power To Protect The Health, Safe...
  What Is Real Estate Licence Law Designed To D...
  Protect The General Public
  3 Things Licence Law Required licensees&...
  Possess Real Estate Knowledge And Skillhave A...
  What Does Public Act 299 Of 1980, Known ...
  It Regulates The licensing of Vario...
Nevada Real Estate Flashcards
Cards: 47| Attempts: 52| Last updated: Oct 30, 2020
  What Is The Essential Elements In CONTRACTS?
  1.  Agreement2.  Voluntary And Info...
  According To The Statue Of Frauds, How Much M...
  $500
  What Are The THREE Forms Of LEGAL DESCRIPTION...
  1.  Lot, Block And Subdivision2.  M...
  An "adequate Property Description", Is Suffic...
  1.  Real Estate Purchase Agreements2.&nb...
California Real Estate Principles Chapter 2 Flashcards
Cards: 22| Attempts: 39| Last updated: Oct 30, 2020
  Define Bundle Of Rights
  Ownership Concept That Describes A Property O...
  List Bundle Of Rights
  Possession, Enjoyment, Use, Transfer, Encumbe...
  Estate
  Ownership Or Interest In Real Property
  2 Types: Freehold Verse Less Than Free Hold ...
  Freehold: Fee Simple : Fee Simple Absolute/...
Real Estate Fundamentals Chapter 10 Principles Of Real Estate Finance Flashcards
Cards: 14| Attempts: 28| Last updated: Oct 29, 2020
  Great Depressin 1929-39 Down Payments Were?
  40-50%
  Legal Document Through Which A Loan Is Obtain...
  Note
  The Document Used To Secure Payment Of The Lo...
  Mortgage
  A Mortgage Is Provided By Lenders Who Charge ...
  Principal
Chapter 10 Real Estate Terms Flashcards
Cards: 40| Attempts: 25| Last updated: Sep 2, 2020
  In PA, Who Maintains Most Of The Public Recor...
  Recorder Of Deeds
  To Be Eligible For Placing A Document In Publ...
  The Document Must Be In Writing/e-mail And Pr...
  What Is The Legal Presumption That Informatio...
  Constructive Noticerecording The Deed And Tak...
  What Does Actual Notice Mean?
  That Not Only Is The Info Available But Someo...
NC Real Estate Pre Licensing Chapter 1 Flashcards
Cards: 20| Attempts: 25| Last updated: Oct 30, 2020
  Offer To Purchase Anc Contract
  Bilateral Enforceable Contract For Sale Of Re...
  Bill Of Sale
  Instrument Transferring Ownership Of Personal...
  Chattel
  Personal Property
  Closing
  Settlement Or Consumation Of Real Estate Cont...
Properties Of Real Numbers Flashcards
Cards: 10| Attempts: 23| Last updated: Oct 29, 2020
  The Order Of Operations
  Parachute Expert My Dear Aunt Sally
  Commutative Property Of Addition
  Apple + Orange = Orange + Apple
  Commutative Property Of Multiplication
  Kiwi X Strawberry = Strawberry X Kiwi
  Associative Property Of Addition
  (Dog + Cat) + Bird = Dog + (Cat + Bird)
Colorado Real Estate Terms Flashcards
Cards: 13| Attempts: 23| Last updated: Oct 29, 2020
  Fixture Tests
  1) Method Of Attachment 2) Adaptation To Pro...
  Government Rights
  Police Power Eminent Domain Taxation Esche...
  Freehold Estate Interests
  Ownership Possessory Indeterminate Duration...
  Leasehold Estate Interests (4)
  1) Estate For Years 2) Estate At Will 3) Es...
Real Estate Vocabulary Flashcards
Cards: 22| Attempts: 23| Last updated: Oct 29, 2020
  Appreciation  
  The Increase In The Market Value Of Real Esta...
  Inflation
  The Increase Of The General Price Level Of Go...
  Cycles
  Are Periodic, Irregular Up And Down Movements...
  The 4 Real Estate Cycles:
  1. Recovery 2. Expansion 3. Peak 4.contractio...
Real Estate Chapter 21 Environmental Issues & RE Transaction Flashcards
Cards: 15| Attempts: 22| Last updated: Oct 29, 2020
  AsbestosWhen Banned?Health Risks?
  - Used As Insulation- Banned In 1978- Airborn...
  Lead PaintWhen Banned? Health Risks?
  - Before 1978- Damage To Brain, Nervous Syste...
  RadonHealth Risks?
  - Natural Gas, May Cause Lung Cancer- Decay O...
  FormaldehydeHealth Risks?
  - Also Building Insulation / Building Materia...
Land, Real Estate, And Real Property Flashcards
Cards: 31| Attempts: 21| Last updated: Oct 29, 2020
  What Is Define Das The Earth's Surface Extend...
  Land
  What All Does LAND Include?
  Land Thus Refers To Not Only The Surface Of T...
  What Is Defined As Land At, Above, And Below ...
  Real Estate   Land Plus Permanent Huma...
  What Is Defined As Any Artificial Thing Attac...
  Improvements
Define The Following Terms Of Public Land Survey System Flashcards
Cards: 29| Attempts: 19| Last updated: Oct 30, 2020
  Base Lines
  Imaginary Lines Running East & West
  Check (dimensions)
  24 Miles X 24 Miles (largest Measure)
  Government Survey System
  Land Description, Used For Subdividing Land U...
  Legal Description
  A Series Of Boundary Lines On The Earth's Sur...

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