53 Questions
A contract for the sale of real property in which the vendee pays the purchase price in installments. The vendee takes possession of the property, but the vendor retains legal title until the full price has been paid.
land contract
To create an entitlement to a privilege or a right (verb.)
vest
______ clause. A provision in a listing agreement that obligates the seller to pay a commission if the property is sold within a certain period after the listing expires to someone the broker negotiated with during the listing period.
safety
Expel (someone) from a property, especially with the support of the law.
evict
A ___________ clause defines a condition or action that must be met for a real estate contract to become binding.
contingency
A type of listing that requires the property owner to pay a broker's commission only if the broker is the procuring cause of the sale.
exclusive agency
A conveyance of an interest in real property through the terms of a lease.
sublease
This occurs when a new contract is created and an old contract is extinguished.
novation
Abbreviation for Multiple Listing Service. (___)
MLS
A piece of paper that entitles the holder to a discount (i.e. ___)
coupon
A type of listing in which the commission is any amount received from the sale over and above the 'net' required by the seller. (___)
open
To create an entitlement to a privilege or a right (verb.). (___)
vest
______ clause. A provision in a listing agreement that obligates the seller to pay a commission if the property is sold within a certain period after the listing expires to someone the broker negotiated with during the listing period. (___)
carryover
Expel (someone) from a property, especially with the support of the law. (___)
evict
A type of listing that requires the property owner to pay a broker's commission only if the broker is the procuring cause of the sale. (___)
exclusive agency
A conveyance of an interest in real property through the terms of a lease. (___)
sublease
A contract for the sale of real property in which the vendee pays the purchase price in installments. The vendee takes possession of the property, but the vendor retains legal title until the full price has been paid.
Land Contract
To ______ an entitlement to a privilege or a right (verb.)
Grant
______ clause. A provision in a listing agreement that obligates the seller to pay a commission if the property is sold within a certain period after the listing expires to someone the broker negotiated with during the listing period.
Protection
Expel (someone) from a property, especially with the support of the law.
Eject
A ______ clause defines a condition or action that must be met for a real estate contract to become binding.
Contingency
A type of listing that requires the property owner to pay a broker's commission only if the broker is the procuring cause of the sale.
Exclusive Agency Listing
A conveyance of an interest in real property through the terms of a lease.
Leasehold
This occurs when a new contract is created and an old contract is extinguished.
Novation
A contract for the sale of real property in which the vendee pays the purchase price in installments. The vendee takes possession of the property, but the vendor retains legal title until the full price has been paid.
land
To ______ an entitlement to a privilege or a right (verb.)
grant
______ clause. A provision in a listing agreement that obligates the seller to pay a commission if the property is sold within a certain period after the listing expires to someone the broker negotiated with during the listing period.
escalation
Expel (someone) from a property, especially with the support of the law.
evict
A ___________ clause defines a condition or action that must be met for a real estate contract to become binding.
contingency
A type of listing that requires the property owner to pay a broker's commission only if the broker is the procuring cause of the sale.
exclusive
A conveyance of an interest in real property through the terms of a lease.
assignment
This occurs when a new contract is created and an old contract is extinguished.
novation
A contract for the sale of real property in which the vendee pays the purchase price in installments. The vendee takes possession of the property, but the vendor retains legal title until the full price has been paid.
land
To create an entitlement to a privilege or a right (verb.).
grant
______ clause. A provision in a listing agreement that obligates the seller to pay a commission if the property is sold within a certain period after the listing expires to someone the broker negotiated with during the listing period.
kickout
Expel (someone) from a property, especially with the support of the law.
evict
A ___________ clause defines a condition or action that must be met for a real estate contract to become binding.
condition precedent
A type of listing that requires the property owner to pay a broker's commission only if the broker is the procuring cause of the sale.
exclusive agency
A conveyance of an interest in real property through the terms of a lease.
assignment
Abbreviation for Multiple Listing Service.
MLS
A contract for the sale of real property in which the vendee pays the purchase price in installments. The vendee takes possession of the property, but the vendor retains legal title until the full price has been paid.
land
To create an entitlement to a privilege or a right (verb.).
grant
_________ clause. A provision in a listing agreement that obligates the seller to pay a commission if the property is sold within a certain period after the listing expires to someone the broker negotiated with during the listing period.
escalation
Expel (someone) from a property, especially with the support of the law.
evict
A _______ clause defines a condition or action that must be met for a real estate contract to become binding.
contingency
A piece of paper that entitles the holder to a discount (i.e. ______)
coupon
To create an entitlement to a privilege or a right (verb.)
grant
A _______ clause defines a condition or action that must be met for a real estate contract to become binding.
contingency
A type of listing in which the commission is any amount received from the sale over and above the 'net' required by the seller. (___)
open
A conveyance of an interest in real property through the terms of a lease. (___)
sublease
This occurs when a new contract is created and an old contract is extinguished.
novation
Expel (someone) from a property, especially with the support of the law. (___)
evict
Abbreviation for Multiple Listing Service. (___)
MLS
Test your knowledge of real estate contracts with this crossword puzzle from Chapter Seven of RE-121. Fill in the blanks with terms related to different types of real estate contracts. Have fun while learning!
