California Real Estate Practice 4th Edition, by Walt Huber and Arlette Lyons
Matching Vocabulary - Chapter 4
© 2005 Educational Textbook Company

a. FRPTA
b. listing kit
c. military ordnance
d. defective furnace notice
e. home warranty
f. market value
g. market data approach
h. cost approach
i. net income approach
j. pending listing
 
 
1. ___ a packet of forms an agent provides to the seller when taking a listing.
2. ___ protects buyer, for up to one year, from failure of built-in appliances, as well as big ticket items like roofing, plumbing, and electrical.
3. ___ Foreign Investment in Real Property Act  - requires sellers to fill out a Seller’s Affidavit of Nonforeign Status and/or California Withholding Exemption.
4. ___ land used for military training purposes that may contain explosive munitions.
5. ___ calculates the current cost of replacing or reproducing the improvement, less depreciation, then adds the value of the land, which is never depreciated.
6. ___ also known as capitalization approach; capitalizes the net earnings by an appropriate rate; useful only for income-producing properties.
7. ___  a property that is presently in escrow, so only the listing (not selling) price is made available in a competitive market analysis.
8. ___ broker-generated form to limit liability for defective furnaces.
9. ___ refers to the amount of cash (or cash equivalent) that is most likely to be paid for a property on a given date in a fair and reasonable open market sale.
10. ___ value is indicated by recent sales of comparable properties in the market; also known as the comparative approach.