Assurance
Giving of a promise or guarantee to the receiver to instill confidence.
Popular Real Estate Terms
unfinished access space below the first floor having less height than a full story. An individual must crawl through the crawl hole to gain access. Any interior passage of limited ...
Another residence in addition to the main residence where a person or family resides. An example is a second home out of the city used on weekends and during vacations. Interest and real ...
Designation given to members of the American Society of Real Estate Counselors (ASREC). A prerequisite for membership is professional experience and ethical conduct. ...
Figure or value which is the starting point in computing gain or loss, depreciation, depletion, and amortization. ...
Appraisal by summation is an Alias for Replacement Cost A.K.A. Cost Approach, which is one of the approaches an Appraiser can go through in order to assign a Market Value to a ...
The direction in which a community is growing. Directional growth is measured over time, and its path strongly influences current and future market values of those properties clearly in ...
(1) Sudden and dramatic increase in activity or prices. (2) Rapid economic prosperity. ...
The right to possess, exclusively occupy, enjoy, control, and dispose of real estate. Ownership rights to realty are granted by the ownership of a title to real property. ...
The deposit given by a buyer of property is delivered to the escrow agent, who retains it for the seller. ...
Comments for Assurance
Someone's spouse died with no will. There is property and the family of the deceased spouse is trying to claim the property, what can the surviving spouse do to keep the property? Her name is not on the deed.
Jun 14, 2019 22:32:31Hello, Corey! It is not that easy to gain a property once one dies intestate. According to the laws of intestate succession, the spouse and the children come first. However, to find a more detailed answer and for further instructions, the surviving spouse should contact a real estate lawyer. Unfortunately, situations like this one make it hard to keep solid relationships with the extended family.
Jun 17, 2019 06:52:42Have a question or comment?
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