Real Estate Wizzard Vocab E

Front 1

Easement

Back 1

An easement is a right held by one person to use the land of another for a specific purpose, such as driving through someone else’s property.

Front 2

Easement for ingress and egress

Back 2

An easement used for entering and exiting a property.

Front 3

Economic obsolescence

Back 3

Economic obsolescence refers to the loss of value of a real estate property due to factors that are external to the property. Common causes of economic obsolescence include a change in aircraft flight patterns, increased crime rates, construction of a busy highway, construction of a landfill nearby,

Front 4

Encroachment

Back 4

Encroachment is intrusion on a person’s territory or property.

Front 5

Encumbrance 资产负担

Back 5

An encumbrance is a claim against an asset by an entity that is not the owner. Common types of encumbrances against real property include liens, easements, leases, mortgages, or restrictive covenants限制性的条款.

Encumbrances impact the transferability and/or use of subjected properties.

产权负担是指非资产所有者的实体对资产的索取权。不动产产权负担的常见类型包括留置权、地役权、租赁、抵押或限制性契约。产权负担影响标的财产的可转让性和/或使用。

Front 6

endorsement

Back 6

有保险单附加条款的意思

有票据签字的意思

Front 7

Environmental Protection Agency (EPA)

Back 7

The Environmental Protection Agency (EPA) is the federal agency responsible for dealing with environmental issues. The EPA was established in December 1970 by the executive order of United States President Richard Nixon.

Front 8

Equal Credit Opportunity Act (ECOA)

Back 8

A regulation that aims to give all legal individuals an equal opportunity to apply for loans. The act prohibits creditors and lenders from considering a consumer’s race, color, national origin, sex, religion, or marital status in deciding whether to approve their credit application.

Front 9

Installment land sales contract

Back 9

An installment land sales contract is an agreement to buy land over time, without transferring title to the land until all the payment have been made. The Seller agrees to allow the Buyer to pay the purchase price over a period of time in installment amounts.

Front 10

Equitable title

Back 10

还没搞懂

Front 11

Equity 资产净值

Back 11

Equity is the difference between the market value of your home and the amount you owe the lender who holds the mortgage.

Front 12

Escheat

Back 12

Escheat is done for safekeeping the property to be returned to the rightful owner. Under California law, generally speaking, tangible or intangible property that is abandoned or unclaimed for a period of over three years by an owner, whose last known address is in California, escheats to the state

Front 13

Escrow 暂由第三方保管的款项

Back 13

Escrow is a legal agreement between two parties for a third party to hold onto money or assets until certain conditions are met. Think of escrow as a mediator中介物 that reduces risk on both sides of a transaction. In the case of home buying, it would be the sale, purchase and ownership of a home.J

Front 14

exchange

Back 14

An exchange is a real estate transaction in which a taxpayer sells real estate held for investment or for use in a trade or business and uses the funds to acquire replacement property.

Front 15

exclusive listing and

VS

exclusive right to sell

Back 15

The primary difference between exclusive agency and exclusive right-to-sell relates to commission fees. In an exclusive agency listing, the seller only pays fees if the agent sells the property. In an exclusive right to sell agreement, the seller must pay realtor fees regardless of if the property is sold.

Front 16

Express contract

Back 16

An express contract is one where the intention of the parties and the terms of the agreement are declared or expressed by the parties, in writing or orally

明示合同是指当事人以书面或口头方式声明或表达当事人的意向和协议的条款的合同

Front 17

Exclusive right to selling listing

Back 17

a written contract between a property owner and a real estate broker, whereby the owner promises to pay a fee or commission to the broker of certain real property if the property is sold during a stated period, regardless of whether the broker is or is not the cause of the sale.

Front 18

express contract

Back 18

An express contract is an exchange of promises in which the terms by which the parties agree to be bound are declared either orally or in writing, or a combination of both, at the time it is made.