AKA List

Question 1

Borrower

Answer 1

mortgagor, maker, payor, obligor, grantee

Question 2

Seller

Answer 2

grantor

Question 3

Lender

Answer 3

mortgagee, payee

Question 4

Landlord

Answer 4

lessor

Question 5

Tenant

Answer 5

lessee

Question 6

Split-level home

Answer 6

tri-level home

Question 7

Due-on-sale clause

Answer 7

alienation clause

Question 8

Principal + Interest

Answer 8

debt service

Question 9

Points

Answer 9

prepaid interest

Question 10

Amortization

Answer 10

mortgage debt reduction, debt liquidation

Question 11

Level payment mortgate

Answer 11

fixed rate-level payment mortgage

Question 12

Interest only mortgage

Answer 12

term loan, straight loan, interest only loan

Question 13

Loan Origination fee

Answer 13

transfer fee

Question 14

Uniqueness

Answer 14

nonhomogeneity, heterogeneity

Question 15

Designated agency

Answer 15

designated dual agency

Question 16

Land

Answer 16

real estate, realty, real property

Question 17

Personal property

Answer 17

personalty, chattel

Question 18

Location

Answer 18

situs

Question 19

Inheritable interest

Answer 19

hereditaments

Question 20

Appurtenance

Answer 20

runs with the land, appurtenant rights, improvements

Question 21

High tide

Answer 21

mean high water mark

Question 22

Manufactured home

Answer 22

mobile home, trailer

Question 23

Fructus industriales

Answer 23

emblements, fruit of industry

Question 24

Non-freehold estate

Answer 24

leasehold estate

Question 25

Fee simple defeasible

Answer 25

qualified fee estate

Question 26

Estovers

Answer 26

use of property resources to maintain property

Question 27

Hybrid ownership

Answer 27

common interest community ownership

Question 28

Mortgage

Answer 28

deed of trust (NC), debt service

Question 29

Property taxes

Answer 29

ad valorem taxes

Question 30

Writs

Answer 30

court orders

Question 31

Covenants

Answer 31

deed restrictions, conditions, protective covenants

Question 32

Assessed Value

Answer 32

true market value, full market value

Question 33

Lot and block

Answer 33

reference to a recorded plat

Question 34

Tiers

Answer 34

township tiers

Question 35

Seisin

Answer 35

freehold possession

Question 36

Special warranty deed

Answer 36

limited warranty deed

Question 37

Cloud on title

Answer 37

color on title (stained)

Question 38

Excise tax

Answer 38

deed transfer tax, revenue stamps

Question 39

Client

Answer 39

principal

Question 40

Seller's agent

Answer 40

listing agent

Question 41

Broker

Answer 41

agent, salesperson

Question 42

Firm (national)

Answer 42

broker

Question 43

Stigmatized properties (national)

Answer 43

property where someone died, haunted, etc

Question 44

Protection period

Answer 44

extender clause, override clause

Question 45

Offer to purchase

Answer 45

(national) contract of sale, purchase and sale agreement

Question 46

Counter offer

Answer 46

conditional acceptance

Question 47

Agreement

Answer 47

assent

Question 48

Ernest money deposit

Answer 48

liquidated damages

Question 49

Rescission

Answer 49

cancellation

Question 50

Installment land contract

Answer 50

contract for deed, land contract, land sales contract/agreement

Question 51

Tenancy at will

Answer 51

estate at will

Question 52

Tenancy at sufferance

Answer 52

estate at sufferance

Question 53

Percentage lease

Answer 53

retail lease

Question 54

Fixed rental flat

Answer 54

gross lease

Question 55

Cash flow

Answer 55

cash throw off

Question 56

Homeowner's insurance

Answer 56

hazard insurance

Question 57

Property insurance

Answer 57

casualty insurance

Question 58

Satisfaction of mortgate

Answer 58

deed of release, release of mortgage, mortgage discharge

Question 59

Alienation clause

Answer 59

due on sale clause

Question 60

fixed rate loan

Answer 60

level payment

Question 61

Quitclaim deed

Answer 61

non-warranty deed

Question 62

Fannie Mae

Answer 62

Federal National Mortgage Association

Question 63

Sill

Answer 63

sill plate

Question 64

Market value

Answer 64

appraisal process

Question 65

Market price

Answer 65

sold price

Question 66

Market cost

Answer 66

investment by owner

Question 67

Sales Comparison Approach

Answer 67

Market Data Approach, Sales comp

Question 68

Economic depreciation

Answer 68

locational, environmental, external obsolescence

Question 69

Rate of return

Answer 69

capitalization rate (cap rate)

Question 70

income capitalization approach

Answer 70

income approach

Question 71

Blockbusting

Answer 71

panic pedaling

Question 72

CERCLA

Answer 72

superfund

Question 73

Escrow account

Answer 73

trust account

Question 74

RESPA

Answer 74

regulation x

Question 75

Agency

Answer 75

relationship (between firm and client)