REAL ESTATE TERMINOLOGY 100%
CORRECT
A summary of digest of the conveyance, transfer and any othe facts elide on as evidence of title,
together with any other elements of record which may impair the title ✔✔ABSTRACT O
...
REAL ESTATE TERMINOLOGY 100%
CORRECT
A summary of digest of the conveyance, transfer and any othe facts elide on as evidence of title,
together with any other elements of record which may impair the title ✔✔ABSTRACT OF
TITLE
A clause in a trust deed or mortgage giving the lender the right to call all sums owing him to be
immediately due andpayable upon the happening of a certain event ✔✔ACCELERATION
CLAUSE
The right of the owner to everything produced, incorporated or attached thereto naturally or
physically to his property ✔✔ACCESSION
Process by which soil is deposited to the lands adjoining rivers ✔✔ACCRETION
A formal declaration before duly authorized officer by a person who has executed on instrument
that such execution is his act and deed ✔✔ACKNOWLEDGMENT
Refers to the purpose for which property is principally or predominantly utilized by the person in
possession of the property ✔✔ACTUAL USE
A claim of a person on a property owned by another (Good only for 30 days) ✔✔ADVERSE
CLAIM
The open notorious possession and occupancy under an evident claim or right in denial or
opposition to the title of another claimant ✔✔ADVERSE POSSESSION
One who represents another from whom he has derived authority. A representative of a principal
✔✔REAL ESTATE AGENT
The right of the property owner to use control or occupy the air space over his property, subject
to the requirements of aerial navigation and government regulations ✔✔AIR RIGHTS
Soil deposited by accretion. An increase of earth on a shore or bank of a river ✔✔ALLUVIUM
Form of mortgage wherein the mortgagor takes possession of the mortgage property pays the real
estate taxes and receives the fruits with an obligation to apply them in payment of the principal
and interest ✔✔ANTI-CHRESIS
An estimate and opinion of value or a conclusion resulting from the analysis of facts
✔✔APPRAISAL
Value place on property as a basis for taxa
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