Section 167

Definition of "Section 167"

Section of the Internal Revenue Code relating to depreciation. Capital improvements made to real property are depreciable.

Search Real Estate Glossary

Related Real Estate Glossary terms

Georgian Colonial Architecture

Early American architecture modeled after the English Georgian architecture having two or three stor ...

Deed In Lieu Of Foreclosure

Legal document that conveys real estate to the lender after the borrower defaults on his or her mort ...

Warranty

Pledge by an insured in writing, and a part of the actual contract, that a particular condition exis ...

Noncancellable Insurance Policy

Insurance contract that cannot be cancelled by the insurance company. Since the insurance policy is ...

Quasi

Term indicating a resemblance or analogous to a legal classification. For example, a quasi corporati ...

Frequency

Number of times a loss occurs. ...

Related Real Estate FAQ

How Big Is An Acre?

An acre is an area of land equal to 43,560 square feet. For visuality purposes, an acre is most oft ...

What Is A Gated Community?

A gated community is a community of homes where you must pass through a security gate in order to en ...

What Is A Buyer's Agent?

On most transactions, there is usually a listing agent and a selling agent. The selling agent is som ...

What Is A Seller Disclosure?

A seller disclosure is a form required by most states; the seller uses this form to disclose any kno ...

What Are Comparables Or Comps?

Recently sold properties that are similar in size, location, and amenities to the home for sale. The ...

What Is A Lifetime Rate Cap?

A lifetime rate cap is an adjustable-rate mortgage (ARM), this cap limits the amount the interest ra ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews

Agents join here

Add our widget on your Website

Real Estate Advice

7 Tips for a First Time Homebuyer Getting Ready to Sell? Don't make these DIY Mistakes! Mortgage Loan Types How To Choose A Realtor What is the Best Time of Year to Buy a Home?

FAQ

What is an annuity? What is a closing? What is an assumable mortgage? How much Life Insurance do I need? What is a CD?