New York Real Estate Brokers Exam 82 Questions And Answers
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Terms in this set
82
abstract of title
The condensed history of a title to a particular parcel of real estate
abutting
neighboring land with a common boundary
acceleration clause
clause in a note or mortgage that can be enforced to make the entire debt due immediately if mortgagor defaults
accession
acquisition of land by deposits from an adjoining stream; also the acquisition of fixtures or improvements built on one's land by another
accessory (apartment) use
an additional apartment, usually small, sometimes allowed in an area zoned for one-family homes, which might be used for elderly grandparents; or a small home business
action to quiet title
legal action to perfect the claim
Adirondack Park Agency
regulates development on private land in the park
affirmative marketing
program to inform all buyers in a minority community about housing opportunities available, without discrimination
alpha particles
uranium decays and produces radon gas, which in turn decays and produces alpha particles
apportionments
adjustment of the income, expenses, or carrying charges of real estate usually computed to the date of closing of title so that the seller pays all expenses to that date