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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.
Joint Tenancy - One of the two main ways in which two or more persons may own the same parcel of land (the other being tenancy in common). The principal features which distinguish a joint tenancy are: unity of time, title, interest and possession; and. the right of survivorship.
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.
So when you embark on your journey, one of your first stops should be familiarizing yourself with the lingo. We’ve curated helpful information from our Homebuyers’ Road Map and Tips for Buyers, to share with you some of the most important terminology a new buyer needs to know—from pre-purchase to post-purchase.
With thorough and accurate definitions for over 2,800 real estate terms, this text provides beginning students with an introduction to the field and allows seasoned professionals to explore difficult topics in depth.
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Glossary of Real Estate Terms. ese terms represent a small portion of the jargon used in describing the purchase process for real estate. 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.
