The ORs & The EEs Flashcards by Diana Figueroa | Brainscape

Q

Licensee

A

Broker or Salesperson

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Q

Licensor

A

Real Estate Dept

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Q

Principal

A

Owner

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Q

Agent

A

Broker

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Q

Offeror

A

One who makes an offer

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Q

Offeree

A

Party to whom an offer is made

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Q

Optionor

A

Owner, prospective grantor, vendor or lessor.

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Q

Optionee

A

Prospective grantee, vendee or lessee

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Q

Vendor

A

Seller

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Q

Vendee

A

Buyer

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Q

Assignor

A

Party making an assignment

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Q

Assignee

A

Receiver of an assignment

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Q

Grantor

A

Owner/seller who is transferring title

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Q

Deed

A

An ownership conveyance

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Q

Grantee

A

Buyer/purchaser who is receiving title.

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Q

Mortgagor

A

Borrower, pledging property.

Q

Mortgagee

A

Lender, one receiving the pledge, lends money.

Q

Trustor

A

Borrower creating a trust

Q

Deed of trust

A

Conveyance of title to trustee

Q

Trustee

A

Holds title in trust for beneficiary

Q

Testator/ Bequestor/ Legator

A

Maker of will

Q

Will/ Bequest/ Legacy

A

Document stating desires of Testator

Q

Devisee/ Bequestee/ Legatee

A

Receiver of real property interest by will

Q

Insurer

A

Insurance Company

Q

Insuree

A

Party being insured

Q

Condemnor

A

Public agency

Q

Condemnation

A

Exercise of the right of eminent domain

Q

Condemnee

A

Property owner

Q

Lienor

A

Claimant or creditor

Q

Lien

A

A money claim debt

Q

Iienee

A

The debtor