{ "@context": "https://schema.org", "@type": "Organization", "name": "Brainscape", "url": "https://www.brainscape.com/", "logo": "https://www.brainscape.com/pks/images/cms/public-views/shared/Brainscape-logo-c4e172b280b4616f7fda.svg", "sameAs": [ "https://www.facebook.com/Brainscape", "https://x.com/brainscape", "https://www.linkedin.com/company/brainscape", "https://www.instagram.com/brainscape/", "https://www.tiktok.com/@brainscapeu", "https://www.pinterest.com/brainscape/", "https://www.youtube.com/@BrainscapeNY" ], "contactPoint": { "@type": "ContactPoint", "telephone": "(929) 334-4005", "contactType": "customer service", "availableLanguage": ["English"] }, "founder": { "@type": "Person", "name": "Andrew Cohen" }, "description": "Brainscape’s spaced repetition system is proven to DOUBLE learning results! Find, make, and study flashcards online or in our mobile app. Serious learners only.", "address": { "@type": "PostalAddress", "streetAddress": "159 W 25th St, Ste 517", "addressLocality": "New York", "addressRegion": "NY", "postalCode": "10001", "addressCountry": "USA" } }
Brainscape's Knowledge GenomeTM


Top Flashcards (Certified)
All Flashcards

Real Estate > E - H > Flashcards

E - H Flashcards

(83 cards)

Start Studying
1
Q

earnest money deposit

A

a deposit that a buyer makes at the time of submitting an offer to demonstrate true intent to purchase; AKA binder, good faith deposit, and escrow deposit

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

easement

A

a nonpossessory right of use in the land owned by another

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

easement appurtenant

A

A right of use in the adjoining land of another that moves with the title to the property benefitting from the easement

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

easement by condemnation

A

created by the exercise of the government’s right from eminent domain

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

easement by grant

A

created by the express written agreement of the landowners, usually in a deed

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

easement by implication

A

arising by implications from the conduct of parties.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

easement by necessity

A

exist when a landowner has no access to roads and this is landlocked.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

easement by precription

A

Obtained by use of the land of another for the legally prescribed length of time

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

easement for light and air

A

a type of negative easement restraining a property owner from developing their property so as to block the view of another.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

easement in gross

A

a right of use in the land of another without the requirement that the holder of the right own adjoining land.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

eave

A

the lowest part of a roof that projects beyond the walls of the structure.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

economic depreciation

A

physical depreciation of property caused by normal use, natural and other hazards, and failure to adequately maintain property.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

economic obsolescense

A

Loss in value caused by events such as changes in surrounding land-use patterns and failure to adhere to the principle of highest and best use.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

effective gross income

A

total potential income less deductions for vacancy and credit losses plus other income.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

effective gross income

A

potential income less deductions for vacancy and credit losses + other income

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

effective interest rate

A

actual rate of interest being paid

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
17
Q

egress

A

the right by law to leave a parcel of land entered (ingress)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
18
Q

eligible funds

A

a partial exemption to veterans with property was purchased with a veteran’s pension bonus or insurance monies

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
19
Q

eminent domain

A

the power of the gov. to take private property for public use

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
20
Q

encroachment

A

trespass on the land of another as a result of intrusion by some structure or other object

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
21
Q

encumbrance

A

a claim/lien/charge/liability attached to and binding upon real property.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
22
Q

equalization rate

A

represents the average percentage of market value at which a municipality’s assessment is set.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
23
Q

equitable title

A

an interest in real estate such that a court will take notice and protect the owner’s rights

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
24
Q

equity

A

the difference between the value of a property and its liabilities

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
25
equity of redemption
the borrower's right to redeem the title pledge or conveyed in a mortgage/deed of trust after default and prior to a foreclosure sale by paying the debt in full, accrued interest, and lender's cost.
26
erosion
The wearing away of land by water, wind, or other process of nature
27
escheat
the power of gov. to take title to prop. left by a person who has died without leaving valid will (intestate) or qualified heirs.
28
estate at suferance
continuing to occupy property after lawful authorization has expired; a form of a leasehold estate.
29
estate at will
a leasehold estate that maybe terminated at the desire of either party
30
estate for years
a leasehold estate of definite duration
31
estate from year to year
a leasehold estate that automatically renews itself for consecutive period until terminated by notice by either party; AKA called estate from period to period / periodic tenancy
32
estate in real property
an interest sufficient to provide the right to use/possession/control of land; establishes the degree and duration of ownership
33
estoppel
Preventing a person from making a statement contrary to a previous statement
34
estoppel certificate
a document executed by a mortgagor or mortgagee setting forth the principal amount ; executing parties are bounded by the amount specified.
35
estovers
the right of a life tenant/lessee to cut timber on the property for fuel / making repair
36
evicition
A landlord's action that interferes with the tenant's use or possession of the property. Eviction maybe actual or constructive.
37
Exclusive right to rent
a contract between an owner /a lessor and a broker/agent in the rental of the residential property.
38
exclusive right to sell listing
a listing given to only one broker who is entitled to the commission if anyone sells the property during the term of the listing contract
39
exclusive use zoning
a type of zoning in which only the specified use may be made of property within the zoned district
40
executed contact
an agreement that has been fully performed
41
execution
the signing of a contract of another legal document
42
executor/executrix
individual appointed in a will to see that the terms are carried out
43
executory contract
an agreement that has not been fully performed
44
expense stop lease
Expenses are shared between the tenant and the owner; pays a predetermined amount for property expenses and the tenant pays expenses above that amount
45
express agency
agency relationship expressed through written and oral from
46
express contract
contract created verbally or written form
47
extended coverage
An insurance term referring to the extension of a standard fire insurance policy to cover damages resulting from wind, rocks and other perils.
48
external obsolescenes
Changes in surrounding land-use patterns resulting in increased traffic, air pollution, and other hazard and nuisances
49
Fair Housing Act 1968
A federal prohibition on discrimination in the sale, rental, or financing of appraisal of housing on the basis of race/color/religion/gender/national origin
50
Fair Housing Act 1988
A federal prohibition on discrimination in sale/rental/financing/appraisal of housing on the basis of race/color/religious/gender/national origin/handicap/familial status.
51
fair market value
a price for property agreed upon btw buyer and seller in a competitive market with neither party being under undue pressure
52
Fannie Mae
Federal National Mortgage Ass. (FNMA) a privately owned corporation that purchases FHA, VA, and conventional mortgages
53
fascia
In house construction, the area of material facing the outer edge of the soffit
54
Federal Housing Administration FHA
The U.S agency that insures mortgage loans to the protect lending institutions
55
Federal Reserve System
The U.S. banking system that regulates monetary policy and thereby the money supply and interest rates
56
Federal Trade Commission
An administrative body that has the power to declare trade practices unfair, particularly with regard to antitrust legislation
57
fee simple absolute
An inheritable estate in land providing the greatest interest of any form of title
58
Fee simple on condition
a defeasible fee (title) recognizable by words but if
59
FHA-insured loan
A mortgage loan in which payments are insured by the FHA
60
fiduciary
An agent placed in a position of trust in relation to the person for whose benefit the relationship is created
61
filterting down
the decline in value of properties in neighborhoods that were once middle/upper income
62
fixed expenses
expenditures such as property taxes/license fees/property insurance; subtracted from effective gross income to determine net operating income.
63
fixed lease
a lease in which the rental amount remains the same for the entire lease term; AKA flat/straight/gross lease
64
fixed rate mortgage
a mortgage in which the interest does not change
65
fixture
personal prop. that has become real prop. by having been permanently attached/ adapted to the real prop.
66
flashing
A metallic material used in certain areas of the roof and walls to prevent water from seeping into the structure
67
flat lease
a lease that generally does not have any escalation clause
68
flip tax
tax paid by seller to the Co-op corporation at closing
69
flipping
Investors buying a property at a certain price, then immediately selling the property at a higher price.
70
flitch beam
a double top plate used to tie walls together and provide additional support for the ceiling and roof system.
71
Forbearance
the act of refraining from taking legal action for payment of a mortgage despite the fact that it is due
72
foreclosure
the legal procedure of enforcing payment of a debt secured by a mortgage despite the fact that it is due.
73
forfeiture clause
statement in a contract for deed providing for the giving up of all payment by a buyer in default
74
formal will
a will in writing signed by the testator in from to two witnesses
75
foundation walls
poured concrete, masonry block or brick sides of a structure
76
fraud
intentional false statement of a material fact
77
Freddie Mac
Federal Home Loan Mortgage Corp. (FHLMC); a corp wholly owned by the Federal Home Loan Bank System that purchases FHA, VA, and conventional mortgages
78
Freehold estate
a right of title to land
79
Freon
Toxic substance used in ACs and Fridges.
80
friable
a quality of some asbestos that causes it to crumble, allowing toxic particles into the air.
81
full covenant and warranty deed
a deed containing the strongest and broadest form of guarantee of title
82
functional obsolescence
Flawed/ faulty property rendered inferior because of advances and change
83
future interest
the rights of an owner of an estate who will vest at some upcoming time

Real Estate (6 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2025 Bold Learning Solutions. Terms and Conditions