real estate vocabulary
Authored by Sandra Gomez
Professional Development
University - Professional Development
Used 3+ times
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10 questions
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1.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
A federal law passed adding two new protected classes; Handicap and Familial Status
CIVIL RIGHTS ACT OF 1968
1988 AMENDMENTS TO THE FAIR HOUSING ACT
ACCELERATION CLAUSE
CIVIL RIGHTS ACT OF 1866
2.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Banned all racial discrimination
CIVIL RIGHTS ACT OF 1968
1988 AMENDMENTS TO THE FAIR HOUSING ACT
ACCELERATION CLAUSE
CIVIL RIGHTS ACT OF 1866
3.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Banned discrimination in residential real estate on the basis of race, color, religion, national origin, sex, handicap, or familial status
CIVIL RIGHTS ACT OF 1968
1988 AMENDMENTS TO THE FAIR HOUSING ACT
ACCELERATION CLAUSE
CIVIL RIGHTS ACT OF 1866
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Mixing escrow money with personal or business funds; illegal
COMMUNITY PROPERTY
COMMINGLING
CONCURRENT ESTATES
DECREASING RETURNS
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Money spent on improvement does not add at least that much or more to the total value
COMMUNITY PROPERTY
COMMINGLING
CONCURRENT ESTATES
DECREASING RETURNS
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A type of loan where the borrower typically pays a down payment of 20%, thus receiving an 80% loan from the lender; there is no government involvement in this type of loan
HYPOTHECATE
CONVENTIONAL LOAN
FULLY AMORTIZED NOTE
PARTIALLY AMORTIZED NOTE
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A loan where the payments apply to principal and interest; however, the principal loan balance is only partially paid down, thus usually requiring a balloon payment at the end of the loan term
HYPOTHECATE
CONVENTIONAL LOAN
FULLY AMORTIZED NOTE
PARTIALLY AMORTIZED NOTE
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