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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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 ...

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 ...

Deed In Lieu Of Foreclosure

Legal document that conveys real estate to the lender after the borrower defaults on his or her mortgage payments. The borrower should demand cancell ...

Contract Of Sale

Written agreement between a seller and a buyer in which the latter agrees to buy real estate property upon mutually suitable terms. ...

DBA (Doing Business As)

Certification by a state that a principal is doing business under an assumed name. The certificate also states the address where the business is bein ...

Block

(1) Rectangular area bounded on all sides by consecutive streets. It is part of a platted area. (2) Substantial amount of real estate properties to be ...

Popular Real Estate FAQ

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 ...

What Does FSBO Mean?

FSBO means for sale by owner. ...

What Is A Deed?

A deed is a legal document that conveys the title to a property. ...

What Is Commission?

The fee an agent earns for the sale of a home-usually a percentage of the selling price. ...

What Is An Assessed Value?

The public tax assessor value of a property as determined for the purpose of taxation. ...

What Is A Credit Report?

A credit report is a report of all your debt information compiled by an independent agency. The credit report shows all outstanding debt as well as a ...

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