Word-of-the-Week: Overlying rights
The right of a real estate owner to take the ground water below the surface of their land.
Read More
Tag: word of the week
Word-of-the-Week: California Land Title Association (CLTA) title policy
The CLTA standard policy insures against all encumbrances affecting title which can be discovered by a search of public records prior to issuance of the policy.
Read More
Word-of-the-Week: Waste
The intentional destruction or neglect of property which diminishes its value.
Read More
Word-of-the-Week: License
The personal right held by an individual to the nonexclusive use of property owned by another person.
Read More
Word-of-the-Week: Right of First Refusal
A pre-emptive right held by another person to buy a property if the owner decides to sell.
Read More
Word-of-the-Week: Liquidated damages
A provision in a purchase agreement specifying the amount of money the seller will receive from the buyer if the buyer breaches the agreement.
Read More
Word-of-the-Week: Plottage
An increase in the value of a parcel of real estate when it is combined with another or multiple parcels under one ownership to form a plot with a higher and better use.
Read More
Word-of-the-Week: Natural Hazards
Natural Hazards – Hazards which come with the location of a parcel of real estate, not with the man-made aspects of the property.
Read More
Word-of-the-Week: Civil Rights Act
Civil Rights Act – A federal law which provides broad protections to numerous classes of individuals in the United States against discriminatory activities.
Read More
Word-of-the-Week: Trust accounts
Trust accounts – Separate accounts apart and physically segregated from a broker’s own funds, into which the broker is required by law to deposit all funds received for clients.
Read More
Word-of-the-Week: Lis pendens
Lis pendens – Latin for “pending litigation.” A recorded lis pendens puts all persons on constructive notice that the title or right to the possession of real estate is in litigation.
Read More
Word-of-the-Week: Usury
Usury – A limit on the lender’s interest rate yield on nonexempt real estate loans.
Read More
Word-of-the-Week: Dual Agent
Dual agent – A broker who simultaneously represents the best interest of opposing parties in a transaction, such as both the buyer and the seller.
Read More
Word-of-the-Week: Slander of Title
Slander of title – False and malicious statements disparaging an owner’s title to property resulting in money losses to the owner.
Read More
Word-of-the-Week: Exclusive-right-to-sell and right-to-buy listings
Exclusive-right-to-sell and right-to-buy listings – A written employment agreement by a broker and a prospective buyer of real estate employing and entitling the broker to a fee when property is purchased during the listing period.
Read More
Word-of-the-Week: Grant deeds
Grant deed – A document used to pass a fee simple interest in real estate from the grantor to another individual, unless a lesser interest is stated, such as an easement, life estate or leasehold interest.
Read More
Word-of-the-Week: Lead-based paint hazard
Lead-based paint hazard – Any condition that causes exposure to lead from lead-contaminated dust, soil or paint which has deteriorated to the point of causing adverse human health effects.
Read More
Word-of-the-Week: Installment Notes
Installment note – A note calling for periodic payments of principal and interest, or interest only, until the principal is paid in full by amortization or a final/balloon payment.
Read More
Word-of-the-Week: Due diligence
Due diligence – the efforts of an agent employed to meet the objectives of their client in exchange for a fee.
Read More
Word-of-the-Week: Encroachment
What is an encroachment? An encroachment is an...
Read More
Education
Resources
Games
Get to know us
Products & Services
