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Popular Real Estate Questions

Popular Real Estate Glossary Terms

Trust in which rights to make any changes therein are retained by the grantor. At the grantor's death all rights become irrevocable. This type of trust has several advantages: it can avoid ...

The definition of affordability in real estate is simply a buyer’s capacity to afford a house. Affordability is usually expressed in terms of the maximum amount a buyer will be able ...

Additions made to a structure to protect it from damage due to inclement weather. An example is reinforcing the wood surrounding windows. ...

Age at which a pension plan participant is entitled to receive retirement benefits, or point at which retirement benefits are payable: normal retirement age is the earliest age permitted ...

Real property that is without any obligations, liens, or anything else against it. It is free and clear such as a house without mortgage. ...