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A property owner who suffers from a government's exercise of its
_________________________ will not be compensated for her loss.
Real-cost inflation can be cooled by environmental controls and depletion of natural
resources.
A lender's title insurance policy is also known as a ____________________ policy.
A market where there is an excess of supply over demand is known as a
____________________ market.
The right to demand that title be conveyed upon payment of the purchase price is
known as ____________________ title.
The owners of a unit in a planned unit development hold title to the air above the unit
and the land beneath the unit.
Air rights may be included in the definition of real property.
____________________ are made for price changes since each comparable was sold,
as well as for differences in physical features, amenities, and financial terms.
A general warranty deed protects the grantee against future problems with the grantee's
title that occurred before transfer.
The governing body of a cooperative is called a board of directors.
To use property as security for a debt without giving up possession is called
hypothecation.
Notice given by the public records and by visible possession, coupled with the legal
presumption that all persons are thereby notified is called ____________________
notice.
If an investor wanted to put leverage to its best advantage, he would purchase property
by investing all of his own cash and borrowing as little as he can.
Computerized Loan Origination is limited to regulated lenders.
The plan for a condominium development that converts a single parcel of land into
individual separate property estates and an estate composed of all common elements
may be referred to as an enabling declaration or a master deed.
The rent of a small store includes a flat amount per month plus a portion of the gross
sales each month. The lease is a percentage lease.
In calculating the gain on the sale of a residence for income tax purposes, it is necessary
to calculate the amount ____________________ from the sale.
A use of property that is not in agreement with present zoning laws is called a
nonconforming use.
The relationship between added cost and the value it returns is known as the principle
of ____________________.
If an owner pays the full amount of the debt just before his property is sold at auction,
he is probably exercising his right of redemption.
