100% CORRECT ANSWERS|LATEST
Accretion - ANSWER The addition to real estate by accumulation of soil and land
through nature.
Accrued Depreciation - ANSWER Loss in value of a property due to time. Difference
of replacement cost and the presently appraised value.
Acre - ANSWER 43,560 Sq Ft
Actual Notice - ANSWER Notifying person of an existing property by showing
documents or other physical evidence.
Ad Valorem - ANSWER According to value. (Latin)
Administrator - ANSWER A Personal representative. A person appointed by court to
settle the estate of a person who died without a will.
Adverse Easement (Easement by prescription) - ANSWER An easement acquired by
means of a notorious and continous use of property.
Adverse Possession - ANSWER Gaining interest in real estate through actual,
notorious, and notorious possession for the statutory period of time.
Agent - ANSWER One authorized to represnt another on his behalf.
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, Air Rights - ANSWER The right of the real estate owner to the space above the land.
Air Space - ANSWER Space that is solely owned by condo owners (they only own the
condo, not the land below or air above.
Allodial System - ANSWER Current system employed in the US and other counts to
own real estate.
Americans with Disabilities Act (ADA) - ANSWER Federal law that requires public
facilities to make accommodations for the disabled.
Appraisal - ANSWER An opinion issued by a state licensed appraised estimating the
value of property based on property features and market conditions.
Appreciation - ANSWER The increase of property value resulting from economic
conditions
Appurtenance - ANSWER A privilege, right, or improvement that passes on with land
upon transfer of title.
Arms Length Transaction - ANSWER Transaction that occurs in a competetive market
rh leads to a fair sale involving a willing buyer and seller
Assemblage - ANSWER The merging of adjacent properties into one common
ownership or use
Assessed Value - ANSWER Value allocated by the local govt for tax purposed
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Accretion - ANSWER The addition to real estate by accumulation of soil and land
through nature.
Accrued Depreciation - ANSWER Loss in value of a property due to time. Difference
of replacement cost and the presently appraised value.
Acre - ANSWER 43,560 Sq Ft
Actual Notice - ANSWER Notifying person of an existing property by showing
documents or other physical evidence.
Ad Valorem - ANSWER According to value. (Latin)
Administrator - ANSWER A Personal representative. A person appointed by court to
settle the estate of a person who died without a will.
Adverse Easement (Easement by prescription) - ANSWER An easement acquired by
means of a notorious and continous use of property.
Adverse Possession - ANSWER Gaining interest in real estate through actual,
notorious, and notorious possession for the statutory period of time.
Agent - ANSWER One authorized to represnt another on his behalf.
1
, Air Rights - ANSWER The right of the real estate owner to the space above the land.
Air Space - ANSWER Space that is solely owned by condo owners (they only own the
condo, not the land below or air above.
Allodial System - ANSWER Current system employed in the US and other counts to
own real estate.
Americans with Disabilities Act (ADA) - ANSWER Federal law that requires public
facilities to make accommodations for the disabled.
Appraisal - ANSWER An opinion issued by a state licensed appraised estimating the
value of property based on property features and market conditions.
Appreciation - ANSWER The increase of property value resulting from economic
conditions
Appurtenance - ANSWER A privilege, right, or improvement that passes on with land
upon transfer of title.
Arms Length Transaction - ANSWER Transaction that occurs in a competetive market
rh leads to a fair sale involving a willing buyer and seller
Assemblage - ANSWER The merging of adjacent properties into one common
ownership or use
Assessed Value - ANSWER Value allocated by the local govt for tax purposed
2
