Real Estate Terms
Flashcard
•
History
•
11th Grade
•
Hard
Kim Higgins
Used 1+ times
FREE Resource
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6 questions
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1.
FLASHCARD QUESTION
Front
Commission
Back
A fee paid to an agent or employee for transacting a piece of business or performing a service.
2.
FLASHCARD QUESTION
Front
Net to Seller
Back
Sale price minus commission and expenses.
3.
FLASHCARD QUESTION
Front
Tax Rate
Back
Assessed value multiplied by the tax rate.
4.
FLASHCARD QUESTION
Front
Estates
Back
Legal rights and interests in property.
5.
FLASHCARD QUESTION
Front
Agency Relationship
Back
A relationship where one party, the agent, is authorized to act on behalf of another, the principal.
6.
FLASHCARD QUESTION
Front
Fair Housing
Back
Laws that prohibit discrimination in housing based on race, color, religion, sex, or national origin.
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