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By:
Lee Jo
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Decks in this class (57)
Chp 2 - Real Estate Rights
Two basic easement types,
Easement appurtenant rights,
Easement in gross rights
6
cards
Chp 3 - Liens & Encumbrances
Difference between a condition an...,
What lien does convey ownership,
What type of lien takes priority
10
cards
Chp 4 - Forms of Ownership
Sole ownership also known as,
Tenancy in common,
Joint tenancy
17
cards
CHp 5- Title & Transfer
Special warranty deed,
Quitclaim deed,
Quiet title suit
32
cards
CHP 6 - Foreclosure
3 types of foreclosure,
2 rights of redemption,
Statutory right of reinstatement
14
cards
CHP 7 - Real Property Taxation
Two reasons for taxing land,
Taxing district examples,
Special tax vs permanent tax dist...
15
cards
CHP 8 - Legal Descriptions
Metes and bounds,
Metes,
Bounds
23
cards
CHP 9 - Construction
Construction standards by federal...,
Construction environmental policy...,
Typical well reqs
5
cards
Chp 9 - Construction
What does footing do,
What is a sill plate,
What does a sill plate do
13
cards
CHP 10 - Land Use Control and Reg
3 goals of land use control,
3 phases of land use planning,
Police power
22
cards
CHP 11 - Environmental Issues
Radon,
4 exposure pathways,
How many phases are in an environ...
7
cards
CHP 12 - Factors Affecting Mkt Value
Price,
Highest and best use,
Principle of substitution
5
cards
CHP 13 - CMA
3 apporaches to value,
Difference b t appraisal and opin...,
At arms le ngth transaction
3
cards
CHP 14 - The appraisal Process
Appraisal steps,
3 approaches to value,
Sales comparison approach aka
29
cards
CHP 15 - Real Estate Finance
Financing instrument that creates...,
Promissory note,
If a person takes title to a prop...
41
cards
CHP 16 - Real Estate Finance II
Redlining,
Loan flipping,
3 types of mortgage backed securi...
22
cards
CHP 17 - Agency law
Generally what is not a broker s ...,
What obligations do licensee owe,
Active fraud
16
cards
CHP 18 - Agency Relationships & Disclsoures
Most common form of agency,
Single agency,
What terminates agency relationship
8
cards
CHP 19 - Seller Agency Duties
What is a seller before a contrac...,
Statutory duties,
2 categories of duties
5
cards
CHP 20 - Seller and Property Qualification
Material fact defect,
Important disclosures,
Stigmatized property
9
cards
CHP 21 - Listing : Pricing, Financing and Seller Equity
What type of value are real estat...,
Single most important factor when...,
Two methods to help determine price
11
cards
CHP 22 - Distressed Properties
Define distressed property,
Alternatives to selling a distres...,
After short sale lender may issue...
3
cards
CHP 23 - Agreement & Compensation Issues
What type of listing is illegal i...,
Listing info needed,
Red flags when collecting info
4
cards
CHP 24 - Marketing Period Communications & Counseling
Top complaint from sellers,
What to include in weekly activit...,
3 terms important in a purchase o...
6
cards
CHP 25 - Buyer Agency Duties
2 categories of duties,
Action,
Protection
4
cards
CHP 26 - Buyer Representation Agreement
Exclusive buyer agency agreement,
Exclusive agency buyer agency agr...,
Open buyer agency agreement
7
cards
CHP 27 - Qualifying Buyer Needs
Main category of buyers,
Closing techs,
How to select your target market
10
cards
CHP 28 - Showing Propertie
What to do when someone calls abo...,
What to do before you show,
Technique allowing buyers to see ...
12
cards
Chp 30 - Closing Costs
Seller costs,
What does the buyer receive at cl...,
What does the seller receive at c...
10
cards
CHP 31 - Pre and Post Closing Issues
Most basic homeowner policy,
How are claims handled without co...,
Is flood insurance included in a ...
8
cards
CHP 32 - General Contract Law
Contract,
4 legal status of a contract,
Valid
43
cards
CHP 33 - Contracts: Listing Agreements
Types of listing agreements,
Ways a listing agreement can be t...,
When is a buyer s agent still ent...
20
cards
CHP 34 - Contracts: Sale and Lease Contracts
Gross lease,
Net lease,
Graduated lease
10
cards
CHP 35 - Closings
Title closing,
What does the buyer do at closing,
What does the seller do at closing
22
cards
CHP 36 - Broker Agent Relationship
Common law rules,
Irs code section 3508,
3 conditions of safe harbor
7
cards
CHP 37 - Advertising
Two types of advertising,
Institutional advertising,
Product advertising
14
cards
CHP 38 - Mid Course Practice Exam
Article 14 standards of practice ...,
Is meditation required or voluntary,
Which associations must provide m...
27
cards
CHP 39 - Antitrust Laws
What are antitrust laws,
A violation of antitrust laws occ...,
Sherman antitrust ace 1890
14
cards
CHP 40 - Trust Accounts
Is earnest money deposit required...,
When does a transaction exist,
What does not fall under escrow m...
15
cards
CHP 41 - Property Management
Individual pm,
Individual building manager,
Resident manager
23
cards
CHP 43 - Risk Management
3 risk management strategies,
3 risk management procedures,
Primary areas of risk
3
cards
CHP 51 - Office Brokerage
Floor plate,
Evaluting movements of new supply...,
Office market
17
cards
CHP 52 - Retail Brokerage
Retail properties are classified ...,
3 physical properties of retail,
Shopping center characteristics
37
cards
CHP 53 - Industrial Brokerage
Major physical characteristics di...,
Size,
Ceiling height
23
cards
CHP 54 - Land Brokerage
Primary features that determine l...,
Primary locational factors that d...,
Major governmental influence on l...
13
cards
CHP 55 - Lease Analysis
Major commercial leases,
Gross lease,
Net lease
61
cards
CHP 57 - Basic Math in Real Estate
Adding and subtracting denominators,
Lienar measure of rectangles,
Perimeter
17
cards
CHP 58 - Appraisal and Value
Never adjust the,
If comparable is superior to the ...,
If comparable is inferior to the ...
12
cards
CHP 59 - Finance
1 point,
Fee paid,
1 point charged raises lenders yi...
40
cards
CHP 60 - Investment
Compounded appreciation,
Compounded appreciation examplea ...,
Income aka
35
cards
CHP 61 - Leases; Taxation; Commissions; Seller's Net
Monthly percentage rent,
Monthly rent amount example a sto...,
New rent
33
cards
CHP 62 - Contracts, Closing Costs & Insurance
Percentage of listing price,
Of listing price example a proper...,
Deposit
17
cards
CHP 63 - KREC
Without unreasonable delay means,
Commission member requirements,
How long does a commission member...
14
cards
CHP 64 - Licensing
Who are criminal record checks co...,
If records shows a felony how soo...,
If an order denies applicant what...
36
cards
CHP 67 - Violations & Enforcement
Engaging in real estate w out a l...,
Sanctions for improper conduct,
No license issues for ___ yrs aft...
5
cards
CHP 68 - KY Property Management, Timeshares....
Promo of out of state property,
Can a kentucky broker sell a time...,
Notice of affiliation
6
cards
CHP 69 - Practice Exam
If a cooperating broker accepts t...,
If an industrial property is desc...,
Who is likeliest to be an individ...
24
cards
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KY Real Estate Salesperson
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