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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.
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.
Real estate management Efiective from 1 November 2016 Glossary of terms Client: anyone instructing a real estate manager to act on their behalf for the management of real estate. Clients’ money: money received by a firm, in the course of its business activities, that does not wholly belong to it or any principal or principals of the firm.
Introduction. In 2004, the NAIOP Research Foundation funded a project to identify and 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.
4 days ago · The process of buying, selling, and investing in real estate is complicated and not surprisingly, so is all the terminology that comes with it. As a jumping off point, we’ve compiled 50 of the most common terms used in real estate and defined them for you. Real estate terms: A through E; F through J; K through O; P through T; U through Z
This glossary will help you get your head around the most common terms when selling property and buying property or transacting in real estate in general. This Glossary seeks to give a simple explanation of the terms commonly used; it is not necessarily the legal definition. Certificate of Title - A certificate pursuant to the Real Property Act ...