Definition of "Acknowledgment"

Juliana Labarbera real estate agent

Written by

Juliana Labarberaelite badge icon

RE/MAX METRO REALTY

The term acknowledgement refers to an act, deed, declaration, or an expression of appreciation, but it also refers to accepting or recognizing something. The definition of acknowledgement, in general, is a form of recognizing something. The term can be used in various formal and informal ways, but the meaning of acknowledgement stands for the act of recognition in a form or another.

Acknowledgement in Real Estate

A real estate acknowledgment is used for a declaration or avowal that authenticates legal instruments, documents, acts, or deeds, giving them validity. It is done in front of a public official or public notary. An acknowledgment ensures that the act in question will be recognized legally. It can be a written section at the end of a document where the individual has to sign. By signing, they enact the acknowledgement that the information specified is read, considered real, correct, and legal. The notary is a witness to the signing of the act and signs it themselves. An acknowledgement can be done in writing or verbal but always in the presence of someone of authority to validate it.

An acknowledgment that authenticated documents, acts or deeds that specify false can be used in court as false testimony.

For example, a seller makes an acknowledgement in front of a notary that the seller disclosure is correct and the home has an insolation of 8 inches. Upon verification, the insolation is of just one inch. Because of this, the seller can be sued for false testimony. 

Acknowledgement in Writing

An acknowledgment can also be used in literature or other formal or informal means of communication.

In literature, it appears as a statement at the beginning of a book. An author expresses their gratitude to others that helped the writing process, the book’s publication, or only by providing the author with the means or inspiration to work—often seen as a show of respect, giving thanks and appreciation to others.

Acknowledgements can also be transmitted through letters or e-mails to notify that you received a letter, message, or something else from someone.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Real Estate Terms

Statement filed with a governmental authority declaring property a homestead for the purposes of securing a homestead exemption. The declaration of homestead has no effect on the property ...

The definition of the term “demise” covers more spectrums than just real estate related. Most commonly the term demise is used to talk about someone’s death. It is also ...

Party that receives part or all of a construction job to do from the general contractor. ...

Adding a period of time onto another. An examples a mortgagor who successfully restructures his loan by tacking another five years onto the term. ...

Removing a debt by making full payment. A mortgage discharge is a document formally specifying that a mortgage debt have been paid. It is typically recorded in a local property deeds ...

Increase in the amount of money available for businesses and people to by real estate because of lower interest rates. Easy money stimulates spending on investment such as houses. See also ...

Agreement by a lender to lend money to a borrower. A loan commitment typically includes the amount of money to be lent, the interest rate, and the period of the loan. ...

A knowledgeable person authorized to aid in the underwriting of property and casualty insurance. ...

Blockbusting is a despicable and illegal racist business practice. Here’s how Blockbusting happens: a real estate agent, or someone posing as one, comes to a homeowner and instills ...

Popular Real Estate Questions