Real Estate QUIZMASTER

“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner

Real Estate QUIZMASTER

100 100 100 100 100

200 200 200 200 200

300 300 300 300 300

400 400 400 400 400

500 500 500 500 500

Definitions Analytical Deeds MiscellaneousCommercial Leases


Real Estate QUIZMASTER

100 100 100 100 100

200 200 200 200 200

300 300 300 300 300

400 400 400 400 400

500 500 500 500 500

Definitions Analytical Commercial Leases

MiscellaneousDeeds


Definitions for 100

This is something of value given by both parties to the contract


Definitions for 200

This is an invitation to contract and requires language evidencing the intent to contract presently


Definitions for 300

Such a title is free of problems or objections that cast doubt on the quality ofthe title or on the seller’sauthority to convey it


Definitions for 400

This is the judicial process of having property sold as a means of satisfying debt that the property secured


Definitions for 500

This process allows the government to immediately get title to the land so that no public development is delayed


Analytical for 100

It is necessary to specify the exact ________ of consideration for the real estate deed to be legally valid


Analytical for 200

If a dispute arises between the Lessor and Lessee, most states will allow a tenant to withhold _____ till the dispute is settled


No fraud will have been committed even if the seller conveys false information, if the seller ________

Analytical for 300


________ does not cover any defects that were in existence at the time the policy is written

Analytical for 400


Analytical for 500

The words “Do hereby grant and convey to John E. Doe” in a deed convey that Mr. Doe has __________


This deed is given by a court

Deeds for 100


Deeds for 200

This deed is only valid for a limited time


This deed serves to transfer title

Deeds for 300


Deeds for 400

In this type of deed, one of the grantor’s promises is that his title to the property is good


This type of deed is issued after the period of redemption in a mortgage foreclosure has passed

Deeds for 500


Commercial Leases for 100

This is an arrangement when the tenant as an owner buys the property and sells it to some third party



In this kind of lease, the tenant agrees to build the improvements and holds a long term leasehold interest



In this type of lease, the landlord pays all operating expenses and the tenant pays a single lease payment


DAILY DOUBLE


Daily Double Commercial Leases for 400

This is a type of lease where the tenant pays certain defined expenses and the landlord pays everything else



A synthetic lease is structured in such a way that it is recorded as an expense on the _______


Miscellaneous for 100

The offerer cannot revoke the offer once it has _________



ALTA stands for _________



This term is used when a landowner dies without a will



The right of a governmental entity to take title to private property for public use is called _________



Such a tenancy does not have a definite ending date

Documents

Real Estate QUIZMASTER