Exam Note 27 Jan Monday

 Article 78,
 Article 12 A Follow conducting
reciprocal
Apartmment Information vendor
Disclose with informed consent
Alienation
A deed must be writing
Chattel : personal possession
subagent | seller
Shopping Mall - percentage lease
Periodic estate
service for Co broker
exclusive right to sell
Net listing
Blanket mortgage
Junior | small loan as 2nd mortgage
Specific lien
Something of value in contract is called consideration
purchase money mortgage
reverse annuity mortgage 62
CMA sale comparison
voluntary lien | good
Assessed value Governments
pottage : group of lots
Income approach value - apartments
dominant  1 most important, powerful, or influential.
1 a dominant thing, in particular.
Negative Easement
Regulation Z
Eminent domain is the power to take private property for public use by a state or national government.
bundle of rights
point of origin
commingling funds
18 Years/ 20 yars
75 hours/ 120 hours
2 full years, 3500 points, 3 full years 5250
fiduciary duty
OLD CAR: (Obedience, Loyalty, Disclosure, Confidentiality, Accountability and Reasonable Care/Diligence)
 kickback: a method of bribery in which something of value is exchanged for a favorable decision
misdemeanor
Joint Tenants with Right of Survivorship - JTWROS

Free Hold Estate vs Lease hold estate
Fee Simple, Qualified fee, fee of condition, Life Estate
real property interest
lease hold proeprty intrest
personal property interest

grantee assumes grantors mortgage 
Pertain : be appropriate, related, or applicable.
 Substantive law refers to the body of rules that determine the rights and obligations of individuals and collective bodies.
 mechanic lien 1 Year
uniform commercial code UCC filing
broker - partner
 
Restraint of trade to the enforceability of contractual restrictions on freedom to conduct business
premise and release - quitclaim deed
administrator
mamagement agreement
net lease 

a,c, & d agency disclosure
a,b,& d the person often involved agency 
 
 
 mechanic lien 4 months
 easement in gross
 An easement that attaches a particular right to an individual rather than to the property itself.


Definition of 'Easement Appurtenant'
An appurtenant easement is a type of easement that still applies to a property even if the owners change. It is sometimes referred to as "running with the land".

What is an Easement Appurtenant:
This type of easement exists between two parties known as the servient tenement (the property that gives the easement) and the dominant tenement (the property that benefits from the easement). An example of easement appurtenant is the private and public access to the street for a landlocked property.  

A party wall straddles a boundary line
genuine ; acknowledgment
tenancy sufferance
grider
bilatral
ground lease - long term
 


 Long Term Capital Gain
surety bond The type of insurance that protects a landlord from the liability damages due to the criminal or negligent acts of an employee during working hours is

C 8 10 26

Lease

Real Estate Closing

8 1. d 2.b 3.c 4.a 5.d 6.c 7.a 8.d 9.d 10.c

10 1. d 2.c 3.a 4.b 5.a 6.d 7.a 8.a

26 1.d 2.a 3.a 4.d 5.c 6.d 7.a 8.a

Kareem Jandali

Real Estate Closing

1/11 Sat (5,6,9)

Estates & Interest

Leins and Easements

Deeds

5 1. b 2.d 3.b 4.d 5.d 6.d 7.c 8.b 9.c 10.d 11.d 12. c

6 1. b 2.c 3.b 4.c 5.d 6.c 7.c 8.c 9.d 10.b

9 1. c 2.c 3.c 4.b 5.c 6.c 7.a 8.c 9.c 10.c 11.d

Estates & Interest

Leins and Easements

Deeds

Chapter 5

Home, the rights, the land, and the objects attached to the land

The air above the land reasonable limits

Real estate = actual physical land

Real property = land and its attachments, as well as of the rights associate with the property

Personal property = any property that is not real property. It is movable, thus not fixed to the land.

My_5_Wives

RELC Mon 1/6 ( 2,3)

Law of agency

Obedience
Loyalty
Disclosure
Confidentiality
Accountability
Reasonable care

Seller  (4.5)	Buyer (2.5)
Customer/client	customer	Client
Broker Agent/ Seller agent	Sub agent Broker agent	Buyer agent

 

$350, 00 Fine and panties to discuss other party’s commission

RESPA - 1974
General - specific
special agent ("Shaken, not stirred")

Fiduciary

RESPA 1974

Fraud and misrepresentation

Duties of the seller’s agent

Duties of the buyer’s agent

Vicarious liability

Compensation

When is commission earned?

Meeting of the minds occur

Compensation for other sources – referral fees

Capital District (Albany, Columbia, Greene, Warren, Washington, Saratoga, Schenectady, Rennselaer)

Why NOT answer c in Quiz 4:

	Why Not		Why Not
1. c		6.c
2.d		7.d
3.b		8.d
4.d		9.a
5.a		10.d

Educate them to decide
Pre approved vs pre qualify
talk to tax accounting

3 Vendors list
- attorneies
- mortgage
- inspector
- pet controls 

Client/ Principal The party whom the agent contractually represents

Customer A third party to the transaction that an agent work with, but not for