Legal

Question 1

Which real estate term is this?

A formal declaration by a notary public offering proof of authenticity of signatures on a document.

Answer 1

Acknowledgment/Jurat

Question 2

Which real estate term is this?

The actual receipt of notice, such as being served papers in person.

Answer 2

Actual Notice

Question 3

Which real estate term is this?

A legal document that is a form of sworn confirmation or affirmation of particular information.

Answer 3

Affidavit

Question 4

Which real estate term is this?

When competing brokerages agree to split the market, ceasing competition, violating antitrust laws.

Answer 4

Allocation of Customers or Markets

Question 5

Which real estate term is this?

Methods other than court action for managing disputes, like negotiation, mediation, and arbitration.

Answer 5

Alternative Dispute Resolution

(ADR)

Question 6

Which real estate term is this?

A form of dispute resolution where a neutral third party makes a decision, usually binding.

Answer 6

Arbitration

Question 7

Which real estate term is this?

A court order to stop engaging in a specific practice or activity.

Answer 7

Cease and Desist Order

Question 8

Which real estate term is this?

Involves court actions not related to criminal activity or statutes.

Answer 8

Civil Litigation

Question 9

Which real estate term is this?

An addition to a will used to modify the will.

Answer 9

Codicil

Question 10

Which real estate term is this?

Undue and possibly illegal leverage over another party in a contract, often cited to declare a contract unenforceable.

Answer 10

Coercion or Duress

Question 11

Which real estate term is this?

Mixing personal or business funds with client trust funds.

Answer 11

Commingling

Question 12

Which real estate term is this?

A judicial system where court decisions are based on precedent unless a specific reason for distinction is provided.

Answer 12

Common Law

Question 13

Which real estate term is this?

Property ownership arrangement between married spouses, recognized in certain states.

Answer 13

Community Property

Question 14

Which real estate term is this?

A person or party who has filed a written complaint.

Answer 14

Complainant

Question 15

Which real estate term is this?

The legal fiction that an individual received notice even without personal delivery, such as through legal recording.

Answer 15

Constructive Notice

Question 16

Which real estate term is this?

A legal concept barring recovery of damages if the person contributed to their own injury or damages.

Answer 16

Contributory Negligence

Question 17

Which real estate term is this?

Using money that belongs to one person for yourself or another party, which is illegal.

Answer 17

Conversion

Question 18

Which real estate term is this?

A part of the civil court system able to address fairness and equity beyond strict legal limits.

Answer 18

Court of Equity

One of the “c”s in “CCRs,”.

Question 19

Which real estate term is this?

Losses, financial or otherwise, due to a contract breach.

Answer 19

Damages

Question 20

Which real estate term is this?

An individual who has passed away, often mentioned in legal contexts like wills.

Answer 20

Decedent

Question 21

Which real estate term is this?

A response to legal charges aiming to reduce or eliminate liability.

Answer 21

Defense(s)

Question 22

Which real estate term is this?

A monetary judgment sought when foreclosure doesn’t cover the mortgage balance.

Answer 22

Deficiency Judgment

Question 23

Which real estate term is this?

The act of sharing required information, or the information itself.

Answer 23

Disclosure

Question 24

Which real estate term is this?

Creating and maintaining written proof of an action or occurrence.

Answer 24

Documentation

Question 25

# Which real estate term is this? Court options to restore a party to pre-contract conditions other than economic damages.

Answer 25

Equitable Remedies

Question 26

# Which real estate term is this? A legal prohibition preventing contradiction of previous positions or actions.

Answer 26

Estoppel

Question 27

# Which real estate term is this? An exception to a rule, such as tax exclusions or discrimination allowances.

Answer 27

Exemption

Question 28

# Which real estate term is this? Legal proceedings initiated by a landlord to remove a tenant who has overstayed their lease.

Answer 28

Forcible Detainer Suit

Question 29

# Which real estate term is this? Potential consequences a reasonable person would anticipate from their actions.

Answer 29

Foreseeability

Question 30

# Which real estate term is this? Intentional misrepresentation or deceit to deprive someone of property or rights.

Answer 30

Fraud

Question 31

# Which real estate term is this? Process for addressing and resolving disputes or conflicts, generally between employees.

Answer 31

Grievance Resolution

Question 32

# Which real estate term is this? Lawsuit filed without legitimate legal basis, potentially leading to disciplinary action or fines.

Answer 32

Groundless Lawsuit

Question 33

# Which real estate term is this? Will written entirely by hand by the testator without witness or notarization, valid in some states.

Answer 33

Holographic Will

Question 34

# Which real estate term is this? A court order to stop an activity that may be illegal or violate another party's rights.

Answer 34

Injunction

Question 35

# Which real estate term is this? Refers to certain intangible or less tangible, but valuable rights or property, such as copyright, trademark, or patent.

Answer 35

Intellectual Property

Question 36

# Which real estate term is this? An act or event that occurs after a negligent or dangerous action by one party and before the damage that could potentially be caused by that act, breaking the chain of that causation and resulting in causation of a different injury or harm.

Answer 36

Intervening Cause

Question 37

# Which real estate term is this? A person who passes away without a valid will in place is said to have died without a legal directive for distributing their estate.

Answer 37

Intestate

Question 38

# Which real estate term is this? Created by two testators who each leave their estate or portion of an estate to the other.

Answer 38

Joint Wills

Question 39

# Which real estate term is this? Liens that are created as a result of court action.

Answer 39

Judgment Liens

Question 40

# Which real estate term is this? Involves a lender filing suit with a court for the right to sell off the property to make up the money that the defaulting party failed to pay.

Answer 40

Judicial Foreclosure

Question 41

# Which real estate term is this? A section of a notarized document where the notary certifies that the signer personally appeared, was identified, took an oath or affirmation, and signed the document in the notary’s presence.

Answer 41

Jurat

Question 42

# Which real estate term is this? A legal claim made on another person’s property for the purpose of securing or repaying a debt to the holder of the lien.

Answer 42

Lien

Question 43

# Which real estate term is this? Predetermined dollar amounts that will be forfeited, or paid, by the breaching party if a particular type of breach of contract occurs.

Answer 43

Liquidated Damages

Question 44

# Which real estate term is this? A Latin phrase used in real estate law indicating there is or may be litigation involving a particular property. It is a recorded public notice serving to alert other parties.

Answer 44

Lis Pendens

Question 45

# Which real estate term is this? The term for civil lawsuits and other non-criminal actions taken in the public court system.

Answer 45

Litigation

Question 46

# Which real estate term is this? Created during a person’s lifetime to manage assets and/or property while living and then seamlessly devise them after the person passes.

Answer 46

Living Trust/Inter Vivos Trust

Question 47

# Which real estate term is this? A form of alternative dispute resolution used for resolving disputes or conflicts through the use of a neutral third party attempting to bring the parties to an agreement together, generally a non-binding process.

Answer 47

Mediation

Question 48

# Which real estate term is this? False information, whether intentionally misrepresented or not, provided to a consumer or client.

Answer 48

Misrepresentation

Question 49

# Which real estate term is this? The effort by a party injured by another's breach of contract to minimize their damages once realizing that a breach has or is going to occur.

Answer 49

Mitigation

Question 50

# Which real estate term is this? The party appealing a court ruling or seeking specific action.

Answer 50

Petitioner

Question 51

# Which real estate term is this? A written document requesting relief or making claims in a case.

Answer 51

Pleading

Question 52

# Which real estate term is this? Legal process to prove a will's validity and distribute a decedent's property per their wishes.

Answer 52

Probate

Question 53

# Which real estate term is this? To officially announce or publish a statute or court decision.

Answer 53

Promulgate

Question 54

# Which real estate term is this? The primary cause of an accident, even if another reason seems more obvious.

Answer 54

Proximate Cause

Question 55

# Which real estate term is this? Legal concept barring recovery of damages if a person contributed to their own injury or damage, even minimally.

Answer 55

Pure Contributory Negligence

Question 56

# Which real estate term is this? Minimum number of members needed in a board or organization for actions or votes to be valid.

Answer 56

Quorum

Question 57

# Which real estate term is this? Legal concept of an average person's response in a situation to determine reasonableness.

Answer 57

Reasonable Person

Question 58

# Which real estate term is this? Wills where two parties leave their estates to each other.

Answer 58

Reciprocal Wills

Question 59

# Which real estate term is this? Action of placing documents in the public record.

Answer 59

Recordation

Question 60

# Which real estate term is this? Party in a legal action required to respond to charges.

Answer 60

Respondent

Question 61

# Which real estate term is this? Simple wills for small, uncomplicated estates, often a printed form.

Answer 61

Simple Will/Statutory Will

Question 62

# Which real estate term is this? Federal regulation requiring certain transactions to be in writing to be valid.

Answer 62

Statute of Frauds

Question 63

# Which real estate term is this? A lien based in federal or state laws, not requiring the consent of the affected party.

Answer 63

Statutory Liens

Question 64

# Which real estate term is this? The greater or more likely cause when multiple negligent actions could be the proximate cause.

Answer 64

Superseding Cause

Question 65

# Which real estate term is this? An individual with a valid will at the time of death.

Answer 65

Testate

Question 66

# Which real estate term is this? The party making their will.

Answer 66

Testator

Question 67

# Which real estate term is this? Property held by a third party with control over assets, managed by a trustee.

Answer 67

Trusts

Question 68

# Which real estate term is this? Liens that may not have been settled at the time of closing, potentially delaying transactions.

Answer 68

Unreleased Liens

Question 69

# Which real estate term is this? Legal document naming representatives and instructions for asset distribution after death.

Answer 69

Will

Question 70

# Which real estate term is this? When a lessee is physically removed from the property by court order.

Answer 70

Actual Eviction

Question 71

# Which real estate term is this? The presiding hearing officer authorized to act as judge and jury in standard administrative proceedings.

Answer 71

Administrative Law Judge | (ALJ)

Question 72

# Which real estate term is this? A form of law based on statutes where courts approach each case individually, without using precedents.

Answer 72

Civil Law

Question 73

# Which real estate term is this? Monetary compensation for actual damage or injury incurred.

Answer 73

Compensatory Damages

Question 74

# Which real estate term is this? Information with a higher risk of identity theft if released, like bank accounts.

Answer 74

Confidential Information

Question 75

# Which real estate term is this? Indirect losses to the injured party, not directly caused by the incident.

Answer 75

Consequential Damages

Question 76

# Which real estate term is this? When habitability issues force a renter to vacate due to landlord's inaction.

Answer 76

Constructive Eviction

Question 77

# Which real estate term is this? Involves actively agreeing to assume the risk involved in an act made dangerous by negligence.

Answer 77

Express Assumption of Risk

Question 78

# Which real estate term is this? Compensation for being defrauded in a property sale, covering value differences and additional damages.

Answer 78

Fraud Damages

Question 79

# Which real estate term is this? A monetary award for intangible losses like pain and suffering.

Answer 79

General Damages

Question 80

# Which real estate term is this? Information not public knowledge but unlikely to result in identity theft if released.

Answer 80

Private Information

Question 81

# Which real estate term is this? Acceptable level of boasting or embellishment for advertising, such as 'world's greatest' or 'ocean front view.'

Answer 81

Puffery

Question 82

# Which real estate term is this? Damages intended to punish and deter similar actions by others.

Answer 82

Punitive Damages

Question 83

# Which real estate term is this? A deed used to proclaim no interest in a property, conveying no rights.

Answer 83

Quitclaim Deed

Question 84

# Which real estate term is this? Standard for negligent job performance or malpractice by a professional.

Answer 84

Reasonable Professional

Question 85

# Which real estate term is this? Monetary compensation for tangible and economic losses, such as lost wages.

Answer 85

Special Damages