real estate listing datum crossword clue

The clause in a mortgage/deed of trust stating that the balance of the debt becomes immediately due and payable at the lender's option if the property is sold by the borrower. It may be voluntary, such as by gift or sale, or involuntary, as through eminent domain or adverse possession.

The act of transferring property to another. The right to use the open space above a property, usually allowing the surface to be used for another purpose. like surface property, it must transferred. A fiduciary relationship is created under the law of agency when a property owner executes a listing agreement authorizing a RE broker to be their agent.ĭesignated airspace over a piece of land. One who acts or has the power to act for another. The relationship between a principal and an agent wherein the agent is authorized to represent the principal in certain transactionsĪn agency relationship created after the fact. Practice of one company offering a package of services to consumers Possession for a statutory period may be means of acquiring title.Ī written statement made under oath by seller/grantor of real property & acknowledged by notary public in which grantors identify them and marital stat, certify no defects have occurred in the title since examin., certify they have possession of property The actual, open, notorious, hostile, and continuous possession of another's land under a claim of title. They hear evidence, including the testimony of witnesses, and renders a decision.Ī court-selected person who assists with the settlement of an estate of a person who died without leaving a will. The official who presides over a hearing involving government agency and someone affected by a decision of that agency.

Must be signed by all parties.Ī loan characterized by a fluctuating interest rate, usually one tied to a bank or savings and loan association cost-of-funds index Also called the 'general tax'Īny provision added to an existing contract without altering the content of the original. The legal process that results in a tenant's being physically removed from the premisesĮxpress information or fact that which is known direct knowledgeĪ tax levied according to value, generally used to refer to real estate tax.

Measure of land equal to 43,560 square feetĪ court action that establishes ownership when ownership cannot be traced through an unbroken chain of title On a closing statement, items of expense that are incurred but not yet payable, such as interest on a mortgage loan or taxes on real property.Ī formal declaration made before a duly authorized officer, usually a notary public, by a person who has signed a document. Loss in a property's value resulting from physical deterioration, external depreciation, and functional obsolescensce. The increase or addition of land by the deposit of sand or soil washed up naturally from river, lake, or sea. The clause in a mortgage or deed of trust that can be enforced to make the entire debt due immediately if the borrower defaults on an installment payment or other obligation.Īquiring title to additions or improvements to real property as a result of the annexation of fixtures or the accretion of alluvial deposits along the banks of streams Method for claiming tax deductions for certain property purchased before 1987 in which it was possible to claim greater deductions in the early years of ownership, gradually reducing the amount deducted in each year of useful life. The condensed history of the recorded ownership of a particular parcel of real estate, consisting of a summary of the original grant and all subsequent conveyances and encumbrances affecting the property and a certification it's complete (122)

Real Estate Practice Kaplan Modern Real Estate Practice Terms Term

Real estate listing datum crossword clue