Term
| Nation Association of Realtors |
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Definition
| Is the leader in adopting ethnical standards. Started in 1908 |
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Definition
| Written in 1913 and obligated test to pass to become a member of National Assoc. of Realtors |
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Definition
| operates as a Division of the Dept. of Banking and Insurance |
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Term
| Types of Real Estate Licenses |
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Definition
Branch Office License
Broker Salesperson
Salesperson
Employing Broker
Broker
Referral Agent |
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Term
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Definition
| a person who has passed the broker's licensing examination but works on behalf of another licensed broker. |
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Term
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Definition
| Person who for commission or "valuable consideration" is employed by a broker to buy, sell or lease, rent real estate for others. |
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Term
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Definition
| a natural person whose activities are limited to referring sales, leasing |
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Term
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Definition
| Acquiring title to new land formed through natural causes |
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Definition
| private limitation on land use |
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Definition
| articles attached by tenant to the building for use in trade or business |
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Definition
| legal right one has to use the lands of another for a special necessary purpose |
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Definition
| gaining of additional land due to alluvion or reliction |
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Definition
| voluntarily offering real estate as collateral for debt incurred to buy property |
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Term
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Definition
| annual plantings such as crops that are considered personal property |
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Definition
| process of government exercising eminent domain |
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Definition
| government power to restrict, regulate and control and individuals use of the land |
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Definition
| estate in land that lasts forever |
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Definition
| right of real estate less than ownership |
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Definition
| implied group of rights established through absolute ownership of property |
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Definition
| land that borders the sea washed by waves or costal currents |
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Term
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Definition
| gradual desposits of additional soil through natural causes |
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Definition
| ends when a certain event happens. |
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Definition
| estates that last for an indefinite period of time |
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Definition
| government's right to take privately owned property/land for public purposes |
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Definition
| rights, privileges and improvements that pass with conveyance (transfer) of the land |
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Definition
| permanent damage to the interest of the property |
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Definition
| gift of real estate by will |
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Definition
| when property owner dies with no will or specific conveyance and the land reverts to the ownership of the state |
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Definition
| life estate based upon the life of another |
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Definition
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Definition
| the right to transfer (convey) the property or interest in it freely |
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Definition
| water recedes and new land is exposed |
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Definition
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Definition
| an item that is attached to the land or building that becomes part of the real property |
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Definition
| Tangible personal property |
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