Also: the business of real estate; the profession of buying, selling, or renting land, buildings, or housing. Residential real estate may contain either a single family or multifamily structure that is available for occupation or for non-business purposes. Residences can be classified by and how they are connected to neighbouring residences and land. Different types of housing tenure can be used for the same physical type. For example, connected residences might be owned by a single entity and leased out, or owned separately with an agreement covering the relationship between units and common areas and concerns.
You are commenting using your Google account. Like this: Like Loading The probate court must approve any sale of property by the executor. An easement acquired by continuous, open, uninterrupted, ennglish, and adverse of the property for Latin and english realty period of time prescribed by state law. Also called a reverter. He has several years experience in scientific publishing, but has also worked in information technology, insurance, health care, and education he taught writing at the university level for a number of years. The land and the improvements thereon designated by the owner as his or her homestead and, therefore, protected by state Los angeles lesbian coffee shop, either in whole or in part, from forced sale by certain creditors of the owner. A phrase in a contract that requires the performance of a certain act within a stated period Latin and english realty time.
Butt and pass method of logs. About thebettereditor
Inflection of real. My dad calculated my family's real consumption per month. English Wikipedia has articles on: real. Found 0 sentences matching phrase "realty". Doublet of reell. Viewed 8k times. Norwegian Nynorsk Wikipedia has an article on: real. Neglish of the Stack Overflow podcast is here. Interesting question, but no longer about the English language after Latin and english realty good research!! Sven Yargs k 21 21 gold badges silver badges bronze badges. Asked 4 years, 7 months ago. The translations below Latij to be checked and inserted above into the appropriate translation tables, removing any numbers. From Old French real. Definition from Wiktionary, the free dictionary. From Portuguese realfrom Latin regalis.
- Doublet of regal and royal.
- Adjectives that collocate with reality include: harsh ; stark ; brutal ; grim ; bitter.
- Glosbe English.
Use it as a study guide for taking the real estate exam. You could read the entire list word for word, make real estate flashcards , create your own quiz, or even copy the entire list yourself. I found that copying and recopying the terms and definitions was the best way to create my own real estate exam study guide. For starters, a perfect score on the exam is not required to obtain a real estate license.
So, you do not need to know them all to pass. However, studying these terms will improve your changes for both the state and national real estate exams.
These terms will come up everywhere, from MLS property descriptions to interacting with real estate attorneys and developers. Top real estate agents know these terms and definitions, so start building your vocabulary. Questions like:. Why not bookmark this page? Duck into another room and quickly scan for the term below. A fair share. Separate yourself from less detail oriented salespersons and brokers by studying these realty terms. Once you are familiar with the lingo, it will become much easier to traverse.
As a person responsible for the management of an income property, familiarizing yourself with some of the terms and definitions in the list below can only benefit the daily operation and profitability of the business. Create good customer service with a maintenance request form. Under Section of the IRS Code, some or all of the realized gain from the exchange of one property for a like kind property may be deferred.
It is not a tax-free event; however, in order to accumulate wealth, the payment is deferred. May pertain to an easement of a property. The joining, reaching, or touching of adjoining land. Abutting parcels of land have a common boundary. A method of calculating for tax purposes the depreciation of income property at a faster rate than would be achieved using the straight-line method.
Any depreciation taken in excess of what would be claimed using the straight-line rate is subject to recapture as ordinary income to the extent of the gain resulting from the sale. A provision in a written mortgage, note, bond, or conditional sales contract that in the event of default, the whole amount of the principal and the interest may be declared due and payable at once.
Title to improvements or additions to real property is acquired as a result of the accretion of alluvial deposits along the banks of streams or as a result of the annexation of fixtures. An increase or addition to land by the deposit of sand or soil washed up naturally from a river, lake, or sea. The actual depreciation that has occurred to a property at any given date; the difference between the cost of replacement new as of the date of the appraisal and the present appraised value.
A declaration made by a person to a notary public or other public official authorized to take acknowledgments that an instrument was executed by him or her as a free and voluntary act.
The result of legal action originated by a lessor, by which a defaulted tenant is physically ousted from the rental property pursuant to a court order. The party appointed by the county court to settle the estate of a deceased person who died without leaving a will.
Possession for a statutory period may be a means of acquiring title. One who represents or has the power to act for another person called the principal. The authorization may be express, implied, or apparent.
A fiduciary relationship is created under the law of agency when a property owner, as the principal, executes a listing agreement or management contract authorizing a licensed real estate broker to be her or his agent.
A written agreement by which the purchaser agrees to buy certain real estate and the seller agrees to sell, on the terms and conditions set forth in the agreement. It can be sold to build a skywalk or for a utility company to erect power lines. The act of transferring property to another. Alienation may be voluntary, such as by sale, or involuntary, such as through eminent domain. Clause in a mortgage instrument that does not all the borrower to sell without lender approval on assumption or contract-for-deed.
If an attempt is made to do so without prior approval, all of the mortgaged balance becomes due on the sale of the property. They are always outside of the property. Swimming pools, three-car garages, decks, etc. A federal law, effective in , designed to eliminate discrimination against individuals with disabilities. The liquidation of a financial burden by installment payments, which include principal and interest.
A loan in which the principal and interest are payable in monthly or other periodic installments over the term of the loan. An appraising principle created by the expectation of certain future events causing values to either increase or decrease. The laws designed to preserve the free enterprise of the open marketplace by making illegal certain private conspiracies and combinations formed to minimize competition. Violation of antitrust laws in the real estate business generally involves either price fixing brokers conspiring to set fixed compensation rates or allocation of customers or markets brokers agreeing to limit their trades or dealings to certain areas or properties.
An estimate of the quantity, quality, or value of something. The process through which conclusions about property value are obtained; also refers to the report that sets forth the process of estimation and conclusion of value. An increase in the worth or value of a property, due to economic or related causes, which may prove to be either temporary or permanent.
The simultaneous purchase and sale of a security with the purpose of obtaining a higher yield from the differential between its acquisition and selling price. A means of settling a controversy between two parties through the medium of an impartial third party whose decision on the controversy if agreed upon will be final and binding.
The transfer of title to property to a grantee, by which the grantee assumes liability for payment of an existing note secured by a mortgage against the property. Before a seller may be relieved of liability under the existing mortgage, the lender must accept the transfer of liability for payment of the note.
An instrument written and signed by the attorney who examines the title, stating her or his opinion as to whether a seller may convey good title. The final payment of a mortgage loan that is considerably larger than the required periodic payments, because the loan amount was not fully amortized. A deed that carries with it no warranties against liens or other encumbrances but that does imply the grantor has the right to convey title.
The grantor may add warranties to the deed at his or her discretion. One of a set of imaginary lines running east and west and crossing a principal meridian at a definite point. Base lines are used by surveyors for reference in locating and describing land under the rectangular survey system or government survey method of property description. A permanent reference mark or point established for use by surveyors when measuring differences in elevation.
The illegal practice of inducing homeowners to sell their properties by making representations regarding the entry, or prospective entry, of minority persons into the neighborhood.
The common name for state and federal laws that regulate the registration and sale of investment securities. A secondary place of business apart from the principal or main office from which real estate business is conducted. A branch office generally must be run by a licensed real estate broker, broker salesperson, or associate broker working on behalf of the broker operating the principal office.
The failure, without legal excuse, of one of the parties to a contract to perform according to the contract. Deserted, defunct, and derelict toxic industrial sites in need of renewal.
An ordinance specifying minimum standards of construction of buildings for the protection of public safety and health. The limitations on the size or type of property improvements established by zoning acts or by deed or lease restrictions. Building restrictions are considered encumbrances and violations render the title unmarketable. The theory that land ownership involves ownership of all legal rights to the land, such as possession, control within the law, and enjoyment, rather than ownership of the land itself.
The practice of making telephone calls or visiting from door to door to seek prospective buyers or sellers; in the real estate business, generally associated with acquired listings in a given area.
The legal ability of persons to enter into a valid contract. The initial capital and the long-term expenditures made to establish and maintain a business or investment property. The process of converting into present value or obtaining the present worth of a series of anticipated future periodic installments of net income. In real estate appraisal, it usually takes the form of discounting. The net spendable income from an investment, determined by deducting all operating and fixed expenses from the gross income.
If expenses exceed income, a negative cash flow is the result. A type of insurance policy that protects a property owner or other person from loss or injury sustained as a result of theft, vandalism, or similar occurrences.
The document generally given to a purchaser at a tax foreclosure sale. A certificate of sale does not convey title; generally, it is an instrument certifying that the holder may receive title to the property after the redemption period has passed and that the holder paid the property taxes for that interim period. The statement of opinion on the status of the title to a parcel of real property, based on an examination of specified public records.
The succession of conveyances from some accepted starting point by which the present holder of real property dervies his or her title. Tracts of land located repetitively every 24 miles from a principal meridian and 24 miles from a defined base line.
Guide meridians and correction lines define a check;s boundaries, consisting of 16 townships. A local government organization designed to direct and control the development of land within a municipality. Used as a factor in determining adverse possession claims. An insurance company repository for reported claim activity and previous property damage. Insurers use the report to ascertain patterns of possible future claims and adjust their insurance premiums according to risk.
A testamentary disposition subsequent to a will that alters, explains, adds to, or confirms the will, but does not revoke it. Used as factor in an adverse possession claim when the occupying party actually received title but by a defective or incorrect deed color of title. A classification of real estate that includes income-producing property, such as office buildings, restaurants, shopping centers, hotels, and stores. Property of a married couple that is so mixed or commingled that it is difficult to determine whether it is separate of community property.
Commingled property becomes community property. The parts of a property that are necessary or convenient to the existence, maintenance, and safety of a condominium, or that are normally in common use by all of the condominium residents. All condominium owners have an undivided ownership interest in the common elements. A system of property ownership based on the theory that each spouse has an equal interest in the property acquired by the efforts of either spouse during marriage.
The sold properties, listed in an appraisal report, which are substantially equivalent to the subect property.
See instructions at Wiktionary:Entry layout Translations. This is real leather. I think your reference is simply saying that the Latin word for the Hebrew letter Resh is "res", since that's the best way to transcribe the sounds in latin. Middle French: real. English - Latin. I found one online reference indicating res may have been derived from the 20th Hebrew letter resh. Found in 0 ms.
Latin and english realty. Navigation menu
Also: the business of real estate; the profession of buying, selling, or renting land, buildings, or housing. Residential real estate may contain either a single family or multifamily structure that is available for occupation or for non-business purposes. Residences can be classified by and how they are connected to neighbouring residences and land. Different types of housing tenure can be used for the same physical type.
For example, connected residences might be owned by a single entity and leased out, or owned separately with an agreement covering the relationship between units and common areas and concerns. The size of an apartment or house can be described in square feet or meters. In the United States, this includes the area of "living space", excluding the garage and other non-living spaces. The "square meters" figure of a house in Europe may report the total area of the walls enclosing the home, thus including any attached garage and non-living spaces, which makes it important to inquire what kind of surface area definition has been used.
A studio apartment has a single bedroom with no living room possibly a separate kitchen. A one-bedroom apartment has a living or dining room separate from the bedroom. Two bedroom, three bedroom, and larger units are common. A bedroom is a separate room intended for sleeping. It commonly contains a bed and, in newer dwelling units, a built-in closet for clothes storage. It is common practice for an intermediary to provide real estate owners with dedicated sales and marketing support in exchange for commission.
In North America, this intermediary is referred to as a real estate broker or realtor , or a real estate agent in everyday conversation, whilst in the United Kingdom, the intermediary would be referred to as an estate agent.
In Australia the intermediary is referred to as a real estate agent or real estate representative or the agent. Quotations related to Real estate at Wikiquote. From Wikipedia, the free encyclopedia. This article is about the business of buying, selling, and renting real property. For other uses, see Real Estate disambiguation. Retrieved May 13, Conservation; Chapter 1. US Legal. Retrieved 25 March The dictionary definition of real estate at Wiktionary Quotations related to Real estate at Wikiquote.
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