Key Topics Covered: Antitrust Laws: Real Estate Principles: Real Estate Transactions: Zoning and Planning: Valuation and Appraisal:
- Price fixing: An illegal practice where competitors agree on prices.
- Group boycotting: Coordinated effort to exclude a party from business.
- Tie-in arrangements: Forcing customers to buy another product as a condition of purchasing the desired product.
- Market allocation: Agreements between competitors to divide markets to avoid competition.
- Commingling: Illegal mixing of personal and client funds.
- Safety Clause/Broker Protection Clause: Entitles brokers to commission if a sale occurs within a specified period after listing expiration, to a buyer they introduced.
- Doctrine of Estoppel: Prevents parties from reneging on their word based on others' reliance.
- Acceleration Clause: Allows lenders to demand full repayment of a loan if the borrower defaults.
- Joint Tenancy vs. Tenancy in Common: Differences in ownership rights and inheritance.
- Alienation Clause/Due on Sale Clause: Requires full loan repayment if the property is transferred.
- Easements and Liens: Rights to use another's land for a specific purpose vs. claims on property due to debt.
- Trade Fixtures vs. Fixtures: Business-related installations in rented space vs. items permanently attached to the property.
- Deeds and Titles: Physical documents transferring property vs. the concept of ownership.
- Variance: Permission to deviate from zoning regulations.
- Adverse Possession: Gaining ownership by open, notorious, and continuous possession under certain conditions.
- Downzoning: Changing land use from commercial to residential.
- Escheat: State's acquisition of property when an owner dies without heirs or a will.
- Appurtenances: Rights or privileges associated with the property that "run with the land."
- Master Plan: A comprehensive plan for orderly city growth.
- Zoning and Building Permits: Governmental regulation of land use and construction.
- Market Data/Sales Comparison Approach: Valuation method based on comparable sales.