Acronyms Flashcards

Common Acronyms in Real Estate

1
Q

P.E.T.E. Government Controls on Property

A

Police Power - Eminent Domain - Taxation - Escheat

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2
Q

I.R.M.A - Test for Fixtures

A

Intentions - Relationship to the Property - Method of Attachment - Adaptation

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3
Q

F.R.E.S.H. C.O.R.N. - Protected Classes of Fair Housing

A

Familial Status - Race - E - Sex - Handicap Status - Color - O - Religion - National Origin

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4
Q

P.E.P.S (i) Influences on Value

A

Physical - Economic - Political - Social

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5
Q

P.I.T.T. - Unites in a Joint Tenancy

A

Possession - Interest - Time - Title

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6
Q

D.U.S.T (e) - Elements/Characteristics of Value

A

Demand - Utility - Scarcity - Transferability

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7
Q

O.L.D. C.A.R. - Fiduciary Duties

A

Obedience - Loyalty - Disclosure - Confidentiality - Accounting - Reasonable Care.

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8
Q

C.U.P. (i) D

A

Control - Use - Possession - Disposition

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