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8 Cards in this Set
- Front
- Back
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Air rights |
The rights to use the space above the land. Are required for the erection of buildingsappurtenan |
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Appurtenance |
A permanent addition to the principal property such that it becomes a part of it and is passed on to a new owner after property is sold. |
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Buyer |
Is the party seeking to acquire the real estate |
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Seller |
Is the party seeking to dispose of his or her real estate |
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Real estate representative |
Is a person who is licensed under a provincial statue, to provide real estate services, to or on behalf of another for a salary. |
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Appraiser |
Determines the market value of property based on its condition and the selling price of comparable properties sold in the area |
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Lawyer and notary public |
Lawyer-reviews and drafts the contract of purchase and sale, prepare and review mortgage documents (if necessary) |
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Litigant |
Person involved in the lawsuit |
