- Industry: Real estate
- Number of terms: 9847
- Number of blossaries: 0
- Company Profile:
Century 21 Real Estate LLC is a real estate agent franchise company founded in 1971. The Century 21 System consists of over 7,800 independently owned and operated offices. Century 21 has offices in all 50 states and in more than 67 countries and territories.
The cost of acquiring real estate, in addition to purchase price. Acquisition costs include the title insurance and lender's fees. With FHA, acquisition is a set amount based on the appraised value of the property.
Industry:Real estate
Any improper or wrongful influence by one party over another whereby the will of a person is overpowered so that he or she is induced to act or prevented from acting according to free will.
Industry:Real estate
The principle stating that the greater the supply of any commodity in comparison to demand, the lower the value; conversely, the smaller the supply and the greater the demand, the higher the value.
Industry:Real estate
Michigan law stating that if the property is being destroyed, is partially destroyed, or is being taken by eminent domain, the buyer may, at the buyer's option, declare the transaction null and void.
Industry:Real estate
When the forces of nature act in an uncontrolled manner without the influence of man to produce a result that could not have been escaped or prevented. Thereby, causing damage to real estate property.
Industry:Real estate
An agent who is empowered to conduct every lawful transaction that a principal can delegate including the right to represent, negotiate, and sign contracts on behalf of his employer; e.g., an attorney-in-fact.
Industry:Real estate
A general statutory lien imposed against real estate property for failure to pay taxes. There are federal tax liens and state tax liens.
Industry:Real estate
Latin for "according to value". Each property bears a tax burden according to its assessed value.
Industry:Real estate
A means of acquiring title to real estate that results from the exclusive, open, notorious, and adverse use of the property for a statutorily-prescribed period of time. Also know as title by prescription.
Industry:Real estate
The transfer of title and possession of real estate property from one party to another by any voluntary means.
Industry:Real estate
