vocabulary

Question 1

Mixing escrow funds with personal funds

Answer 1

Commingling

Question 2

Using escrow funds for unauthorized purposes

Answer 2

Conversion

Question 3

established citizenship for African Americans, prohibited discrimination against them, and protected their rights to property and due process

Answer 3

Civil Rights Act of 1866

Question 4

this act added gender to the list of protected classes.

Answer 4

The Housing and Community Development Act

Question 5

the denial of loans or other credit services to people who live in certain neighborhoods because they are “risky”.

Answer 5

Redlining

Question 6

a real estate practice where a buyer intentionally scares homeowners into selling their properties at low prices

Answer 6

Blockbusting

Question 7

a real estate practice that involves influencing a buyer’s choice of neighborhood based on their race, religion, or other protected characteristic.

Answer 7

steering

Question 8

what is the abbreviation for Office of Fair Housing and Equal Opportunity

Answer 8

FHEO

Question 9

a shared database of real estate data and information. Not only can you list properties for sale, you can view property details, historical sales data, tax records, demographic information, maps to property locations, statistical data for property sales over time, and other valuable information.

Answer 9

MLS (multiple listing service)

Question 10

The largest, most popular site for online video viewing and sharing is

Answer 10

YouTube

Question 11

what is puffing

Answer 11

the exaggeration of material facts to increase the perceived value of a property

Question 12

what is Negligent misrepresentation

Answer 12

Making a statement the licensee should have known was false

Question 13

what is omission

Answer 13

when important information is left out or not disclosed

Question 14

what is a ad that is misleading, deceptive, or discriminates against protected groups

Answer 14

unfair ad

Question 15

The Earth’s surface extending downward to the center of the earth and upward to infinity, including permanently attached natural objects

Answer 15

land

Question 16

Land, plus all things permanently attached to it naturally or artificially

Answer 16

real estate

Question 17

Real estate, plus the interests, benefits, and rights automatically included with real estate ownership

Answer 17

real property

Question 18

Permanent, man-made attachments that include things such as fencing, buildings, and walkways

Answer 18

improvements

Question 19

As you know, the definition of real property includes interests, benefits, and rights. Can you identify what the rights are?

Answer 19

Enjoyment
Disposition
Possession
Control
Exclusion

Question 20

Right to occupy the property

Answer 20

possession

Question 21

Right to determine how others may use the property

Answer 21

control

Question 22

Right to (legally) use the property however the owner desires

Answer 22

enjoyment

Question 23

Right to refuse others access to your property

Answer 23

exclusion

Question 24

Right to determine how, when, and whether the property is to be sold, leased, mortgaged, or transferred

Answer 24

Disposition

Question 25

Another word for personal property

Answer 25

chattel

Question 26

Growing crops, such as decorative trees or corn, which are produced annually; usually not considered fixtures, but are the personal property of the person who planted them

Answer 26

emblements

Question 27

what dose M.A.R.I.A stand for

Answer 27

Method of annexation Adaptability of item to land's use Relationship of the parties Intention in placing them on land Agreement of the parties

Question 28

(also known as attachment) refers to whether the item is attached to the property and how permanent the attachment is

Answer 28

annexation

Question 29

nonhomogeneity

Answer 29

Uniqueness, the inability to exactly replicate something.

Question 30

what is a professional on-site measurement of a property's lot lines and dimensions, including the location of any improvements (such as a house) on the lot, any encroachments that may exist, and any easements of public record.

Answer 30

A survey

Question 31

what is it that describes property boundaries using precise locations, distances, and compass directions.

Answer 31

Metes and bounds

Question 32

what is A legal description that refers to a lot and block number within a subdivision as indicated on a recorded subdivision plat Ex. When April looked up her tax record, it included the lot-and-block legal description of her property, which read in part: "Lawndale, Block 4, Lot 6."

Answer 32

Lot and blocks

Question 33

A limitation on a property title, such as a lien or easement

Answer 33

encumbrance

Question 34

The illegal intrusion of some structure or object across a property boundary line

Answer 34

encroachment

Question 35

The authorized use of another's property for a specific purpose;

Answer 35

easement

Question 36

Are CC&Rs put in place by a Homeowner's Association are a form of encumbrance.

Answer 36

yes