Topic: Real Estate Terms
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Answers to Common Questions
What is Fee Simple in Real Estate Terms?
In real estate, fee simple refers to ownership of property, normally referring to land, to the highest degree possible, as allowable by law. For more legal definitions visit an online legal dictionsary such as www.yourdictionary.com/law/fee... Read More »
Source: http://answers.ask.com/Business/Other/what_is_fee_simple_in_real_...
What Does Prorate Mean in Real Estate Terms?
Real estate transactions often go through an escrow process. During this time, the buyer places funds into a secure escrow account while the terms of the contract are completed. If working with a title and escrow company, the escrow officer... Read More »
Source: http://www.ehow.com/info_12009480_prorate-mean-real-estate-terms....
What Is an REO Property in Real Estate Terms?
REO stands for "real estate owned" by a lender or bank. REO properties are also known as bank-owned foreclosures. A foreclosed property that fails to sell at a trustee sale, or auction, becomes an REO. REOs are assets that the bank usually ... Read More »
Source: http://www.ehow.com/about_6301244_reo-property-real-estate-terms_...
More Common Questions
Answers to Other Common Questions
Real Estate is simply a piece of land that is sold by an individual who owns the property or it is sold by a relator. Real estate includes residential properties and businesses.
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Source: http://answers.ask.com/Business/Real_Estate/what_is_the_meaning_o...
A real estate broker is a professional who helps sellers sell a property. A real estate broker usually has salespersons (real estate agents) to help with the process.
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Source: http://answers.ask.com/Business/Other/what_is_a_real_estate_broke...
Turnkey in real estate means that the property you are purchasing is move -in- ready and you don't have to do anything but bring your clothing and move in!
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Source: http://answers.ask.com/Business/Real_Estate/what_is_turnkey_in_re...
To sell real estate the most important tool is motivation, persuasion and a license is needed. Armed with these skills, real estate will sell itself.
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Source: http://answers.ask.com/Business/Real_Estate/how_to_sell_real_esta...
A real estate note is referring to the loan that someone has on real property. When someone has a loan on a property, a deed of trust (the note or loan) is placed on the deed (the title to the property). This deed of trust is recorded and r...
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Source: http://answers.ask.com/Business/Other/what_is_a_real_estate_note
In real estate the Grantor is the seller, who is agreeing to sell the property to the buyer, who is the Grantee. When the funds are made available for the sell of the property the Grantor will sign a deed to the property over to the Grantee...
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Source: http://answers.ask.com/Business/Real_Estate/what_is_a_grantor_in_...
A real estate investor is someone who puts in their own money towards real estate. The invest in property hoping to make a profit on the real estate once it is sold.
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Source: http://answers.ask.com/Business/Finance/what_is_a_real_estate_inv...
