Real Estate License Exam

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Right: #
Wrong: #
# Right & # Wrong of #

SFR

Single Family Residential
단독주택

FSBO

For Sale By Owner
Seller 본인이 Agent없이 직접 판매하는 경우

percolating

to pass (a liquid) gradually through small spaces or a porous substance
침투수

appropriation

taking something that doesn't belong to you
물길을 돌려서 토지에 이용

Appurtenant

Incidental
-> incidental is loosely associated; existing as a byproduct, tangent, or accident while appurtenant is of or pertaining to an appurtenance.

severance

Real to personal property
MARIA

Chattel

Personal property

alienation

process of a property owner voluntarily giving or selling the title of their property to another party
상실

conveyance

the transfer of any property right from one individual(the conveyor) to another(the conveyee).

Probate

there is a court case that deals with: Deciding if a will exists and is valid

Accession

The acquisition of title to land by its addition to real estate already owned, through
human actions or natural processes

constructive notice

Constructive Notice supports real estate transactions because it provides public notice as to who owns a given piece of real property. Constructive Notice operates under the presumption that buyers understand it is their responsibility to have their real property recorded at their County Recorder's office. They may record their ownership documents themselves or they can hire a real escrow company to perform this task on their behalf.
등기에 의해서 권리의 이전을 공시하는 방법

Codicil

a legal document that acts as a supplement to your last will and testament. In it, you can make changes to your will without having to rewrite your entire original will document

bequeath=bequest

leave (a personal property) to a person or other beneficiary by a will.

devise

leave (real estate) to someone by the terms of a will.

Intestate

not having made a will before one dies

annexation

Addition to property
personal property to real property

alluvium

accretion

avulsion

erosion

vesting

how owners hold title to the property

severality

something separate

Attachment

압류

Lis Pendens

재판계류중

writ of execution

집행영장

an injunction

a writ of order requiring a person to refrain from a particular act

stringent

strict

ostensible authority

Occurs when an agent is perceived as the principal’s fiduciary by a third party and the principal does not declare otherwise.

Parol Evidence Rule

사전 구두합의 증거 배제 법칙
일단 어떤 계약서가 서면으로 작성이 되면, 그 사안에 대해서 이전에 구두로 합의했던 여러가지 사항이 효력을 잃게 된다.

Novation

The substitution of a new contract for the original contract. Both parties must give their consent.

Revocation

1. The cancellation of an offer by its withdrawal. Verb form: To revoke. 2. The permanent cancellation of a real estate license.

statute of Limitation

공소시효

contingencies

Provisioins in a real estate contract that require certain things or events to occur before the contract becomes binding.
"If.......then......."

Rescission

The termination of a contract with each party giving anything acquired under the contract back to the other party.
verb form is to rescind

demise

transfer of an estate, especially by lease

hypothecation

is the process of securing financing from a moneylender by pledging an asset as a piece of collateral.