Realty


Definition of "Realty"

Same as term real estate: Also called real property. Anything permanently affixed to the land, such as buildings, walls, fences, and shrubs, as well as the rights to own or use them. It is distinguished from moveable personal property.

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Popular Real Estate Terms

Ownership Rights To Realty

The right to possess, exclusively occupy, enjoy, control, and dispose of real estate. Ownership rights to realty are granted by the ownership of a tit ...

National Association Of Corporate Real Estate Executives (NACORE)

Founded in 1969 and located in West Palm Beach, FL, NACORE has 3,273 members. Its members consist of anyone managing, administering and/or operating r ...

Brokerage Administration

Administering and directing the activities of a real estate brokerage firm to assure they are in compliance with regulations and policies. ...

Full Warranty

Type of warranty that entitles a homeowner to full remedies for defective work done by a contractor. ...

Conformity Principle

A generally accepted appraisal principle stating properties having similar architectural, socioeconomic occupancy, and usage characteristics maximize ...

Land Use Regulation

Various governmental restrictions and controls placed upon land use in a given jurisdictional area. Land use regulations include zoning and building o ...

Popular Real Estate FAQ

What Is A Treasury Index?

A treasury index is an index used to determine interest-rate changes for certain adjustable-rate mortgages (ARMs). This index is based on the results ...

What Is The Difference Between Being Prequalified And Preapproved For A Loan?

The difference between being prequalified and preapproved is simple: If you\'re prequalified it means that you POTENTIALLY could get a loan for the ...

What Is Zoning?

Zoning is the laws that establish how a property can be used and what codes must be followed when erecting new buildings. ...

What Is A Front-end Ratio?

A front-end ratio is a ratio of the borrowers monthly housing expenses-including principal, interest, property taxes, and insurance (OITI)-compared to ...

What Are Discount Points?

Discount points are a type of point paid by the borrower to reduce the interest rate. ...

What Is A Title Search?

A title search is the process of reviewing court records and other records to ensure that there are no liens or claims against the property you are bu ...

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