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  1. Print the notecards
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  1. Verify Front of pages is selected for Viewing and print the front of the notecards
  2. Select Back of pages for Viewing and print the back of the notecards
    NOTE: Since the back of the pages are printed in reverse order (last page is printed first), keep the pages in the same order as they were after Step 1. Also, be sure to feed the pages in the same direction as you did in Step 1.
  3. Cut out the notecards by cutting along each horizontal and vertical dotted line
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20 notecards = 5 pages (4 cards per page)

Viewing:

real estate unit 14 practices

front 1

D. closing

back 1

The process in which agreed-on costs are paid and legal title is transferred
from seller to buyer in exchange for consideration

front 2

H. escrow holder

back 2

Acts as a neutral agent of both seller and buyer

front 3

I. escrow instructions

back 3

Written directions, signed by a seller and buyer, detailing the procedures
necessary to close a transaction and directing the escrow officer how to
proceed

front 4

S. unilateral instructions

back 4

Escrow instructions in which the buyers sign one set of instructions and
the sellers sign another

front 5

B. bilateral instructions

back 5

Escrow instructions in which the sellers and buyers sign the same set of
instructions

front 6

C. chain of title

back 6

Chronological summary of all useful documents discovered in a title
search regarding the ownership of a property

front 7

N. marketable title

back 7

Good or clear saleable title reasonably free from risk of litigation over
possible defects

front 8

Q. standard policy

back 8

A title insurance policy issued to homebuyers that only covers matters of
record

front 9

O. payoff demand

back 9

The amount of the unpaid principal balance, the daily interest rate, and
any other amounts due on a loan payoff so the escrow officer’s accounting
will be correct at the closing

front 10

L. hazard insurance

back 10

A property insurance policy that protects the owner and lender against
fire, windstorm, vandalism, and other hazards

front 11

G. documentary transfer
tax

back 11

A tax collected on all transfers of real property located in the county.
The amount of the payment is entered on the face of the deed

front 12

E. closing statement

back 12

An accounting of funds made to the seller and buyer separately. Required
by law to be made at the completion of every real estate transaction

front 13

K. good funds

back 13

Funds that have already cleared the bank such as cashier’s checks,
certified checks, or wired funds

front 14

M. impound account

back 14

A trust account set up for funds set aside for future costs relating to a
property

front 15

T. walk-through

back 15

The buyer’s final viewing of the property prior to closing to be certain it is
in the same condition as when the purchase offer was made

front 16

R. title insurance

back 16

protects real estate owners from challenges to their property
titles.

front 17

P. preliminary report

back 17

(prelim) is prepared to verify the legal ownership
of the property.
report indicates whether the seller currently holds title
to the property

front 18

J. extended coverage policy

back 18

title insurance covers everything that a
standard policy covers, plus other unrecorded hazards,

front 19

F. contingencies

back 19

possible future events or circumstances that are uncertain and may or may not occur

front 20

A. beneficiary statement

back 20

sets forth the unpaid balance of the loan amount and the
condition of the debt is requested from the lender by the escrow holder.