Land and everything permanently attached to the land. Ex. Anything that is immovable

The evidence that the owner of land is in lawful possession. It is the proof of ownership such as a grant deed.

Conventional.

An act or process of developing an opinion of value.

Another term for an encumbrance is...

Everything that is movable.

When two or more persons, whose interests are not necessarily equal, are owners of undivided interests in a single estate, a tenancy in common exists.

A balloon payment is a large lump-sum payment that is required to pay off the loan in full. It is normally the balance of the principal amount left after the installment payments have been made, plus any accumulated interest.

The lender is always responsible for ordering a _____ when in escrow.

A right to cross or otherwise use someone else's land for a specified purpose.

The rights to own, possess, use, enjoy, borrow against, and dispose of real property.

When two or more parties own real property as co-owners, with the right of survivorship, it is called joint tenancy.

A type of loan that uniquely offers no down payment.

The worth that is the present and future anticipated enjoyment or profit from the ownership of property.

A clause is a provision included in purchase contracts that allows homebuyers to back out of their contract if a home is appraised for less than the purchase price included in the contract.

An example of real property would be…

The ownership interest or claim a person has in real property.

Method of attachment, Adaptability of the item, Relationship of the parties, Intention of the person attaching it, and Agreement of the parties.

Depreciation that is attributable to an item or feature within the subject property that is no longer useful or functional.

A promissory note.
A post-dated check.
Anything that the seller considers valuable.

Pieces of property that are affixed, by a tenant, to a building or land, for the purpose of conducting business.

All property acquired by spouses during a valid marriage— except for certain separate property.

Demand, Utility, Scarcity and Transferability.

This type of depreciation occurs because of forces outside the property.

The typical form used to submit and offer for a residential purchase.