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Popular Real Estate Questions

Popular Real Estate Glossary Terms

Owner has rights to water on his land. He also has a reasonable privilege to water adjacent to his property that flows through it or abutting it. ...

The accelerated cost recovery system is a depreciation system for tax purposes mandated by the Economic Recovery Tax Act of 1981. In 1986 the Accelerated Cost Recovery System (ACRS) was ...

Medical check of an applicant for life or health insurance by a medical professional who is not a physician. ...

Decline in value of real estate property because it is near something which is damaging to its worth. For example, a house located next to a pollution treatment center, drug center, or ...

Same as term financial statement : Report containing financial information about a business or individual. The required financial statements for a real estate company are balance sheet, ...