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Estate - The degree, quantity, nature and extent of interest which a person has in real property. Estate in Reversion - The residue of an estate left for the grantor, to commence in possession after the termination of some particular estate granted by the grantor.
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Black’s Guide’s Glossary of Real Estate Terms provides a complete reference dictionary of terms and phrases used in the commercial real estate industry. These definitions have been endorsed by numerous industry organizations as the Market Standard for their respective regions.
An important part of our relationship is making you more familiar with how these terms are a part of your purchase and ownership of real estate. We have provided here a simpli˚ ed, common language explanation of these terms limited to how they will most likely be used in your home purchase process.
define key words and concepts in the commercial real estate field. The goal was to provide a document that included standardized terminology for the CRE industry. To accomplish this, NAIOP assembled a task force made up of NAIOP members, representing major disciplines in the commercial real estate
Nov 13, 2023 · Whether you’re a veteran agent or a rookie hoping to sound authoritative during your first transaction, you need to be able to succinctly explain common real estate terms and definitions to your clients.
GLOSSARY OF REAL ESTATE TERMS. Agent - An individual who represents a seller, a buyer or both in the purchase or sale of real estate. Since the commission for the sale of a house is almost always paid for by the seller, buyers are able to get assistance and information from Real Estate Agents, usually at no cost to them.
Oct 6, 2021 · We’ve prepared a comprehensive commercial real estate glossary containing 100 commercial real estate terms to know while buying and selling commercial property. You need this glossary of commercial real estate terms to learn new terminology and make informed decisions.
