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Popular Real Estate Questions

Popular Real Estate Glossary Terms

Legal right or privilege, such as that arising from a contract, to use land owned by another person or business for a specific purpose. The use should be reasonable for the circumstances. ...

Immediate annuity under which one premium payment is made and the annuity is paid up (no further premium payments are required). ...

Individual or entity who enters into a contract or other legal proceeding, such as a lawsuit. ...

Highest bid to buy and the lowest offer to sell a parcel of real estate in a particular market at a specified time. ...

Term in pensions; leaving a job before normal retirement age, subject to minimum requirements of age and years of service. There usually is a reduction in the monthly retirement benefit. ...