Vocabulary G

Question 1

General agent

Answer 1

Agent who is authorized to perform and and all acts associated with specific services

Question 2

General liens

Answer 2

Lien against all of an individual debtors property , both personal and real. General liens result from some court orders (judicial liens) and some taxes (federal tax liens)

Question 3

Geodetic

Answer 3

is the Earth science of accurately measuring and understanding Earth’s geometric shape, orientation in space and gravitational field.

Question 4

Gift deed

Answer 4

A deed that transfers property out of love and affection rather than the exchange of money

Question 5

Ginnie Mae ( GNMA)

Answer 5

Government National Mortgage Association

Question 6

Good faith estimate

Answer 6

(HELOCS) Home equity line of credit, reverse mortgages, mobile homes and dwellings not attached to land

Question 7

Graduated lease

Answer 7

A graduated lease provides for determined rental increase at specific times

Question 8

Graduated Payment Mortgage (GPM)

Answer 8

Mortgages where payments are low, but gradually increase over the life of the loan

Question 9

Gross lease

Answer 9

The leasee pays a rent at a fixed rate

Question 10

Gross rent multiplier (GRM)

Answer 10

Estimate of the eye or return on an investment that does not utilize capitalization rate or net of operating income

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Question 11

Ground lease

Answer 11

Rent an agreement which an owner leases vacant land or ground to a tennant, who then builds his own building

Question 12

Habendum clause

Answer 12

Clause in a deed, also known as the “to have and to hold clause” which follows the premises (granting) clause and indicates the type of estate and interest that the deed is conveying

Question 13

Heterogeneity

Answer 13

State of being diverse in character or uniqueness