Definition of "Trust"

Lynn Brock real estate agent

Written by

Lynn Brockelite badge icon

Brock Realty

An agreement in which the trustee takes title of the property ( called corpus) owned by the grantor (donor) to protect or conserve it for either the grantor or the trust's beneficiary. The trust is set up by the grantor. The trustee is typically given authority to invest the property for a return. Trusts may be revocable or irrevocable.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Real Estate Terms

A court order on an issue directly related to the immediate action. ...

Area or county used in the census or other data gathering functions that has a population of 50,000 inhabitants or more. ...

Final property appraisal estimate arrived at by applying appropriate appraisal methods. ...

The term collusion may make you think about colluding from the start, and you wouldn’t be far from the truth. The definition of collusion is a secret, non-competitive, and, at times, ...

Generic name given for any association of property owners sharing an interest in commonly owned property. Community associations may be developed in condominium, cooperative, or housing ...

Also called hyperinflation. Very high rate of inflation rate. ...

Amount charged for each unit of rental property. An example of a unit might be square footage of space or an apartment. ...

As a hopeful house hunter, renter, or seasoned real estate investor, you've probably come across baffling terms. One such term is "adhesion contract." It might sound complex, but don't ...

Approach to valuing property based on its replacement cost. The cost of each major element of the property per square foot is added together and multiplied by the total space to estimate ...

Popular Real Estate Questions