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Popular Real Estate Glossary Terms
Clause in an insurance policy stipulating that the benefits under the policy will accrue to the right of the insured. For example, if the insured leaves a violin at a repair shop and that ...
Professional certification granted by the Institute of Real Estate Management, an affiliate of the National Association of Realtors. ...
Economic or physical life of a fixed asset. The property is depreciated over the period benefited. ...
Coverage for bodily injury and property damage liability excluded under standard ocean marine insurance. Coverage includes protection of wharfs, docks, and harbors; bodily injury; cost of ...
Real property located in an excellent area for its designated objective. An example is a restaurant situated near office buildings, on the main boulevard, so it is easy to see, and has ...