Letter E Vocab

Question 1

This term is used to describe a type of insurance that brokers and brokerage firms carry to protect them against losses incurred from agents’ actions or inactions.

Answer 1

E&O Insurance

Question 2

This term is used to describe the income derived from your daily working activities.

Answer 2

Earned Income

Question 3

This term is used to describe money used to confirm acceptance of a contract.

Answer 3

Earnest Money Deposit

Question 4

This term is used to describe a type of encumbrance on a contract that is a right to use or to cross over someone else’s property for a specified purpose, like an ingress
or egress.

Answer 4

Easements

FYI: Ingress and Egress are vital rights for entry and exit to personal property.

Question 5

This term is used to describe Reclaimed treated waste water.

Answer 5

Effluent

Question 6

This term is used to describe how a minor, why by getting married, becoming financially independent or legally granted powers by a court becomes an adult.

Answer 6

Emancipation

Question 7

This term is used to describe items that came from the crop and are now personal property. These are considered personal property and the tenant who cultivated the land is entitled to the harvest. If the tenant dies before the harvest, the right to harvest the crops will pass to his or her heirs even if the heirs have not been physically occupying the land.

Answer 7

Emblements

Question 8

This term is used to describe the right of the government to take privately owned land for the good of the people with compensation owed to the owner.

Answer 8

Eminent Domain

Question 9

This term is used to describe you perform services that can
be controlled by an employee.

Answer 9

Employer

Question 10

This term is used to describe the power given to the states to
pass legislations.

Answer 10

Enabling Acts

Question 11

This term is used to describe a type of nuisance, an intrusion on a person’s territory, property or individual rights.

Answer 11

Encroachment

Question 12

This term is used to describe an impediment or a type of hindrance that ‘COULD’ lessen the value of a property OR Burden or other impediment on title.

Answer 12

Encumbrance

Question 13

This term is used to define a contract has all components and is binding on all parties in a court of law. This makes a contract _________.

Answer 13

Enforceable

Question 14

This term is used to describe that the owner has the right to enjoy the property and all it’s fruits.

Answer 14

Enjoyment

Question 15

This term is used to describe the process of earth being worn
away by fluid or wind.

Answer 15

Erosion

Question 16

This term is used to describe property reverting back to the state when an individual dies without a will or heirs.

Answer 16

Escheat

Question 17

This term is used to describe a third party that holds a bank account for the borrower in the interest of the lender that has a neutral non-interested position in the sale.

Answer 17

Escrow Agent

Question 18

This term is used to describe that the lease owners have a holdover after expiration of lease. This occurs when a tenant continues to live in a rental property after their lease has expired.

Answer 18

Estate at Sufferance

Question 19

This term is used to describe a lease where tenant is allowed to stay for an indefinite time.

Answer 19

Estate at Will

Question 20

This term is used to describe a lease that has a fixed term and
can be for months or even years.

Answer 20

Estate for Years

Question 21

This term is used to describe an estate that upon the death of life tenant, in this contract clause the property will revert to a 3rd party.

Answer 21

Estate in Remainder

Question 22

This term is used to describe a life estate that ends upon the death of the life tenant and reverts back to grantor or the grantors heirs.

Answer 22

Estate in Reversion

Question 23

This term in French is used to describe a life estate that is based upon the life of someone else.

Answer 23

Estate Por Autre Vie

Question 24

This term is used to describe the degree, quantity and nature of one’s interest in land.

Answer 24

Estate

Question 25

This term is used to describe when the impression is made that there is a type of agency. An agency of this type is a legal term used to refer to a situation when someone gives the impression to legally act on behalf of someone else. In this context, the agent is not truly authorized to act on behalf of the principal.

Answer 25

Estoppel Agency

Question 26

This term is used to describe the right to exclude others from
using the land.

Answer 26

Exclusion

Question 27

This term is used to describe that contracts that are signed, completed, valid, enforceable, and all promises have been kept.

Answer 27

Fully Executed Contract

Question 28

This term is used to describe contracts that are in process, not yet completed.

Answer 28

Executory Contracts

Question 29

This term is used to describe a relationship is created through an agreement in which the agent and the principal agree to enter into an agency relationship which means the agent will represent the principal.

Answer 29

Express Agency

Question 30

This term is used to describe an exchange of promises either orally or in writing.

Answer 30

Express Contract