Acronyms Flashcards
Common Acronyms in Real Estate
P.E.T.E. Government Controls on Property
Police Power - Eminent Domain - Taxation - Escheat
I.R.M.A - Test for Fixtures
Intentions - Relationship to the Property - Method of Attachment - Adaptation
F.R.E.S.H. C.O.R.N. - Protected Classes of Fair Housing
Familial Status - Race - E - Sex - Handicap Status - Color - O - Religion - National Origin
P.E.P.S (i) Influences on Value
Physical - Economic - Political - Social
P.I.T.T. - Unites in a Joint Tenancy
Possession - Interest - Time - Title
D.U.S.T (e) - Elements/Characteristics of Value
Demand - Utility - Scarcity - Transferability
O.L.D. C.A.R. - Fiduciary Duties
Obedience - Loyalty - Disclosure - Confidentiality - Accounting - Reasonable Care.
C.U.P. (i) D
Control - Use - Possession - Disposition