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Definition
| Limits population growth and density also employs set backs |
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Definition
| encourage the highest and best use of land |
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Definition
| To use the land for a purpose that does not apply with its current use designation |
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Definition
| Non Compliance with code court order |
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Definition
| buyer by words and/or actions the buyers feels the broker is acting on their behalf when in fact that is not the intent |
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Definition
| Full and complete disclosure by developers to perspective purchasers before commitment to buy 7 days cooling period |
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Term
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Definition
| add square footage of each story of the building/square footage of the land |
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Definition
| Temporary suspension of property taxes used to encourage economic development |
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Definition
| inducing owners to sell leading them to believe that minorities are moving into the area |
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Definition
| denying credit or varying terms for different individuals |
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Term
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Definition
| Landmark decision affirmed that the 1866 decision still valid and enforceable |
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Term
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Definition
-Telemarketers have 31 days
-business relationship have 18 months since last transaction
-consumer inquiry has 3 months from date of last inquiry
-Opt out request must be honored in 10 days. |
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Term
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Definition
| Intentional and deliberate |
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Term
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Definition
| body of common law that surrounds the situation when the principal delegates to an agent the right to act on their behalf and exercise discretion |
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Term
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Definition
| The broker who earns the commission in an Exclusive right to sell might have to prove right of compensation by procuring cause |
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Term
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Definition
| permits a small area to have a use inconsistent with the surrounding area |
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Term
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Definition
| Third party relies on the principal's expressed or implied representation That a certain person is his/her agent even though an agreement never exist |
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Term
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Definition
| the principal can terminate an agency agreement |
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Term
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Definition
| contract creates obligations each party needs to fulfill parties may be forced to perform |
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Term
| Georgia Uniform Deceptive Trade Practices Act (UDTPA) |
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Definition
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Term
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Definition
| no discriminatory advertising no broker used if renting in an owner occupied building four unit or less |
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Term
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Definition
| agent terminates agreement |
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Term
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Definition
| bankruptcy or judged to be legally incompetent |
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Term
| Georgia Stigmatized Property Law |
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Definition
Not required if customer unless customer asks.
If buyer is a client allegiance to disclose any relevant facts including the property is psychologically impacted. |
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Term
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Definition
| When a tenant has been notified to move and refuses landlord must file |
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Term
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Definition
| All elements there however, one or more of the elements may be removed at the option of the party. only the injured party can recind |
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Term
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Definition
| listed with one broker however the owner can sell him/herself with no obligation to pay commission |
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Term
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Definition
| State Laws real estate contracts must be in writing exception leases one year or less must be in writing to be enforceable |
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Term
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Definition
contains the four elements
-competent
-mutual asset
-consideration
-lawful purpose |
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Term
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Definition
| rezoning of a parcel to a lower density or less profitable use |
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Term
| constructive communication |
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Definition
| When received or when sent if written in if no means in contract notice shall be communicated by the same method as the offer |
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Term
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Definition
| substituting one for another (new contract) |
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Term
| void contract (is not a contract) |
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Definition
| one of the four elements missing |
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Term
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Definition
| contract was valid when made except cannot be proven or cannot be enforced by law |
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Term
| Georgia Fair Business Practices Act (FBPA) |
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Definition
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Term
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Definition
| concealment of important information |
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Term
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Definition
| tenant leaves landlord has violated |
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Term
| innocent misrepresentation |
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Definition
| Honest mistake based on misinformation no deceit or intention |
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Term
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Definition
| Written agreement always take precedence |
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Term
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Definition
| legal action against holdover tenant |
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Term
| Constructive Fraud/negligent misrepresentation |
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Definition
| no intent to mislead however facts are misrepresented when the person could have found out |
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