Agricultural Property

Definition of "Agricultural property"

Property zoned and used for farming including the raising of crops and livestock.

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Popular Real Estate Terms

Benevolent Association

Nonprofit charitable entity, such as one providing housing for the homeless. ...

Equity Yield

Internal rate of return ignoring taxes associated with the capital invested in property. Internal rate of return considers the amount and timing of th ...

Versus

Compared to; relative to; against. ...

Pro Ratio Of Taxes

The proportionate division of taxes at the closing between the buyer and the seller. ...

Tract

Extended area of land commonly held for subdividing and development into residential units. ...

Orientation

Locating a structure after considering such factors as the homeowner's desired privacy, noise, wind, and sunlight. Position of a structure on a ...

Popular Real Estate FAQ

What Is A Closing?

The process of finalizing all the dealing associated with the sale and purchase of a home. (Also known as a settlement) ...

What Is A Basic Policy?

A basic policy is a homeowners insurance policy that covers certain perils. ...

What Is Escrow?

Escrow is a trust account created by a neutral third party to hold money for the seller or buyer. When you put down a deposit on a house, for example, ...

What Is A REALTOR®?

A REALTOR® is an agent or agency that belongs to the local or state board of REALTORS® and is affiliated with the "National Association of REALTORS� ...

What Is An Overall Debt Ratio?

An overall debt ratio is the percentage of your overall debt (housing payments plus any other long-term debt) to your monthly gross income. Lenders us ...