Defer taxes on investment properties by swapping equal value

Recieve money; positive balance

Pay or withdraw money; negative balance

Title transfer with warranties

Legal claim to clear title

Relinquishes ownership interest quickly

Property relinquishment; leaving without intent

Summary of property ownership history

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43,560 sq ft.

Explicitly granted legal power

Intentional deception with facts distorted

Accomplished by recording an interest with the county recorder’s office.

Tax based on property value

Legal relationship of representing client

separating one’s self from the property.

Equal loan repayment over scheduled time

Method of determining  property value

Property value increase over time

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Combining adjacent properties for development

Transfer of contractual rights

Take on responsibilities or obligations of a contract

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Another term for depreciation

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To pledge property as collateral to secure a loan

Fully handwritten will

Shared ownership with survivorship rights

Which are forms of freehold estate vs. leasehold estate

Dying without a will

Dying with a will

When a tenant overstays their lease this is called an estate ___

Tenancy with no specific terms

Lease for specific duration with an end date

Single agent representing a sale

Agent gets commission regardless of who sold

This agreement formalizes the agent's representation of the buyer's interests in real estate transactions and ensures clear expectations and obligations for both parties.

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What does the acronym CIC stand for?

Court order for enforcement of judgment

Transfers ownership of personal property

the government’s right to regulate for the benefit of the general health and welfare of its citizens.

the process of taking property for government use

If a person dies with no will, and after a reasonable search no heirs are found, the property will pass to the state

Claims or restrictions on property 🥒

The increase in value that results from combining two or more adjacent lots of land into a larger parcel

Legal orders to stop actions

Ownership with conditions

Fully performed legal agreement

Property listed by multiple agents or brokerages

Claim on property for unpaid work

Property valuation based on similar sales

Match the example to the correct approach to appraising property

"Buyer beware" principle

Legal document that transfers property ownership

Order the types of deeds with most highest level of protection first to least being last. 

Representing both parties in transaction

Different agents of the same brokerage represent each side to the transaction

Reducing land use rights

What does TILA stand for?

One-sided agreement; obligation on one party

Insurance against title defects

Differentiate between what is needed and not needed for a valid contract.

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Mixing funds improperly is considered "commingling" and illegal.

Money or property added to make up the difference in value being exchanged

Tax based on property value

Property sale with leaseback arrangement

Individual ownership of real property

Title issue; unresolved claim

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Match the definition with the term