The ORs & The EEs Flashcards

0
Q

Licensee

A

Broker or Salesperson

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1
Q

Licensor

A

Real Estate Dept

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2
Q

Principal

A

Owner

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3
Q

Agent

A

Broker

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4
Q

Offeror

A

One who makes an offer

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5
Q

Offeree

A

Party to whom an offer is made

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6
Q

Optionor

A

Owner, prospective grantor, vendor or lessor.

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7
Q

Optionee

A

Prospective grantee, vendee or lessee

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8
Q

Vendor

A

Seller

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9
Q

Vendee

A

Buyer

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10
Q

Assignor

A

Party making an assignment

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11
Q

Assignee

A

Receiver of an assignment

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12
Q

Grantor

A

Owner/seller who is transferring title

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13
Q

Deed

A

An ownership conveyance

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14
Q

Grantee

A

Buyer/purchaser who is receiving title.

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15
Q

Mortgagor

A

Borrower, pledging property.

16
Q

Mortgagee

A

Lender, one receiving the pledge, lends money.

17
Q

Trustor

A

Borrower creating a trust

18
Q

Deed of trust

A

Conveyance of title to trustee

19
Q

Trustee

A

Holds title in trust for beneficiary

20
Q

Testator/ Bequestor/ Legator

A

Maker of will

21
Q

Will/ Bequest/ Legacy

A

Document stating desires of Testator

22
Q

Devisee/ Bequestee/ Legatee

A

Receiver of real property interest by will

23
Q

Insurer

A

Insurance Company

24
Insuree
Party being insured
25
Condemnor
Public agency
26
Condemnation
Exercise of the right of eminent domain
27
Condemnee
Property owner
28
Lienor
Claimant or creditor
29
Lien
A money claim debt
30
Iienee
The debtor