• • Absolute and Unqualified (Acceptance): An acceptance of an offer that agrees to all terms without any changes or conditions.

    • Abstract of Judgment: A document filed in the county recorder’s office that creates a general lien on all real property owned by the judgment debtor in that county, typically valid for 10 years.

    • Abstract of Title: A summary of all pertinent recorded documents affecting the title to a property, used to determine the status of the title.

    • Accusation: A formal statement of charges against a real estate licensee, issued by the Commissioner of the Department of Real Estate, initiating disciplinary action.

    • Acknowledgment: A formal declaration before a public officer (like a Notary Public) that the person signing a document did so voluntarily and that the signature is authentic.

    • Accretion: The gradual and imperceptible accumulation of land by natural causes, such as the deposit of soil by water.

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  • Question

    One of the chief advantages of the market data approach in the appraisal of real property is that:

    Selections

    • A. It is the easiest method for a salesperson to learn and use

    • B. It is less time consuming

    • C. A great number of comparable properties are always available

    • D. Selling prices are always available at the county recorder’s office

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