Assurance
Giving of a promise or guarantee to the receiver to instill confidence.
Popular Real Estate Terms
Predetermined price for a contract that will be the same irrespective of the actual costs incurred to complete it. This contract is advantageous to the buyer because he knows beforehand ...
Also called earnest money. Money deposited with an individual for security for the performance so some contract. This is intended to show his/her willingness to follow through with the ...
The definition of property acquisition cost in real estate is the total recorded cost of a piece of real estate after reductions in price, incentives, closing costs and any other ...
Stated rate of interest on the face amount of a loan or installment note. ...
Location Analysis is the appraisal of a general geographic area for a particular use. A Residential Real Estate Market professional (or consumer) rarely deals with a Location Analysis ...
Process determining an individual's financial ability to meet the terms of a loan. When selling real estate, the sales broker must qualify the buyer to make certain he/ she has the ...
Thin wood that is shaped in a wedge and laid together in rows. An example is a roof on a house. ...
Generally, a statute of frauds means a legal provision outlining that essential contracts, vulnerable to misrepresentation, must be fixed in a written form to be enforceable. Although ...
Percentage of a geographic location's population to the number of persons employable by a basic industry in that area. A basic industry is one that draws income from outside the locality ...
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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