Real Estate Finance A real estate salesperson or broker who works as the

Real estate finance a real estate salesperson or

This preview shows page 12 - 13 out of 164 pages.

fixity of real estate. (Real Estate Finance). A real estate salesperson or broker who works as the employee of a real estate broker. Dirt placed against the foundation of a structure after the concrete used to create the foundation wall has cured and the wood forms in which the concrete was poured have been removed. An undertaking or adoption of a debt or an obligation resting primarily on another person. a. The combination of land uses that results in the highest property values overall. (Real Estate Principles, Real Estate Practice). b. The appraisal principle that states that the greatest value of a property will occur when the type and size of the improvements are proportional to each other as well as to the land. (Fundamentals of Real Estate A i l) a. The process by which real or per- sonal property of a party to a lawsuit is seized and retained in the custody of the court. (Real Estate Principles). b. The process by which real or personal property of a party to a lawsuit is seized and retained in the custody of the court; intended to compel an appearance before the court or to furnish security for a debt or costs arising out of the litigation. (Real Estate Practice). c. A prejudgment lien that can be obtained to ensure the availability of property for execution after a judgment is obtained. (Real Estate Law). a. An installment payment on a promissory note""usually the final payment-that is significantly larger than the other installment payments. (Real Estate Principles, Real Estate Practice) b. The final payment of a partially amortized loan that is considerably larger than the required periodic payments. (Real Estate Finance). c. A final payment that is more than twice the amount of the lowest payment. (Real Estate Law). d. Any payment on a note that is significantly greater than the other installment payments. California's Real Estate Law considers any payment that is twice the smallest installment payment as a balloon payment. (Real Estate Economics). Someone licensed by the state to practice law. a, A federal court proceeding in which the court takes possession of the assets of an insolvent debtor and sells the nonexempt assets to pay off creditors on a pro rata basis; title to the debtor's assets is held by a trustee in bankruptcy. (Real Estate Principles, Real Estate Practice). b. A declaration by a court of law that an individual or company is insolvent; that is, it cannot meet its debts on the due dates. (Real Estate Economics). c. Federal proceedings to declare a debtor bankrupt. The debtor is relieved of unsecured obligations (secured obligations when security is given up). (Real Estate Law). a. An agent who has been granted a power of attorney by a principal. (Real Estate Principles, Real Estate Practice) b. A person appointed as an agent under a power of attorney.
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