Champion School Of Real Estate Study Guide Rated A+

Value {Ans: A fair return or equivalent in goods, services, or money for something exchanged}Deferred Maintenance {Ans: Deterioration of a property due to the delayed maintenance}Secondary Market {Ans: Exists for the purchase and sale of existing mortgages to investors. It is designed to provide greater liquidity to the residential real estate market by providing for a steady supply of funds from investors}Avulsion {Ans: water washes away the land from one property and deposits it on another}Real Estate Center {Ans: Created in the 1970s by the Legislature, it is located at Texas A&M University. Its purpose is to collect and compile data about real estate and matters relating to real estate in Texas.}Steering / Channeling {Ans: Taking your buyers or renters to, or away from, a particular area based on the race, religion, etc of the buyer or renter and is the most common cause for complaint under the law}