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21 Cards in this Set
- Front
- Back
- 3rd side (hint)
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Absorption rate |
The estimated time required to sell or lease property within a designated area at its fair market value |
In relation to fair market value a |
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Ad valorem |
Real estate taxes imposed on a property based on its assessed value |
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Vacancy rate |
The percentage of a building space that is not rented over a given period |
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Attorney in fact |
One who is authorized by another to perform certain ask for another under a power of attorney power of attorney may be limited to a specific act or ask or be general |
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Ratification |
The adoption or approval of an act performed on behalf of a person without previous authorization such as the approval by a principle of previously on authorized acts of an agent after the acts have been performed |
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Reunciation |
When an individual who has been granted something or has excepted something later gives it up or rejects it as occurs when an agent withdrawals from an agency relationship |
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Subornation |
The act of inducing another person to commit an unlawful act |
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Subrogation |
Replacing one person with another in regard to a legal right or obligation |
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Accretion |
A session by natural forces alluvium |
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Accession |
The physical addition to property through man-made efforts or by natural forces |
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Alienation |
The transfer of an interest in property to another the transfer of property and possession of land or other things from one person to another |
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Alluvium |
The gradual increase of the earth on the shore of an ocean or bank of a stream resulting from the action of the water |
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Appropriation |
The action of taking something for one’s own use such as water from a stream |
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Assemblage |
The combining of land parcels to create a value higher than the sum of their parts |
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Assemblage |
The combining of land parcels to create a value higher than the sum of their parts |
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Avulsion |
A sudden and perceptible loss of land by the action of water such as by a rapid change in the course of a river |
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Deciduous |
A tree that loses its leaves each year |
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Expansive |
Soil’s that expand when water is added then shrink when they dry out such continuous change in soil condition can cause property build on the soil to settle an evenly and crack |
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Reliction |
The gradual recession of water leaving land permanently uncovered |
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Reliction |
The gradual recession of water leaving land permanently uncovered |
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Littoral rights |
Right to sure front land held by land owners whose property borders large navigable lakes and oceans |
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