Real Estate Valuation
Definition of "Real estate valuation"
Same as term appraisal: Valuation assessment of real property by an expert third party for the following purposes:
- developing a realistic market price.
- setting a market value at the time of death when probating an estate.
- dividing the value of real estate between the property and structural improvements.
- establishing insurable value.
Popular Real Estate Terms
Part of something such as the units making up a heating or air conditioning system in a building. ...
Six-mile-wide column of land running north-south in rectangular survey system ...
Economic or physical life of a fixed asset. The property is depreciated over the period benefited. ...
Title that can be made null and void or defeated upon the satisfaction of a claim or the completion of some future contingency. ...
Designation given to members of the American Society of Real Estate Counselors (ASREC). A prerequisite for membership is professional experience and ethical conduct. ...
Real estate held for productive use or investment. Land is recorded at the acquisition price plus incidental costs including real estate commissions attorney's fees, escrow fees, title, ...
Work required as a court judgment because of a crime committed. ...
Something that is inferred, but not explicitly stated. The inference may be deducted from the relevant information. ...
An organized group of ethical behavior guidelines governing the day-to-day activities of a profession or organization. ...
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