Littoral Rights Vs Riparian Rights Do you own property that is close to a water body? Then you need to know about littoral rights. “Littoral rights are the rights given

So you are studying for your real estate exam and need to know what a freehold estate is, huh? It’s one of the many real estate vocabulary words you will

Have you ever had a tough time deciding which property to invest your money on? Well, using the gross rent multiplier (GRM) might exactly be what you need. When you

What is an Appurtenance?   When studying for your real estate exam, you will need to know an appurtenance is a noun and means something that is a part of

What is a Bilateral Contract? Contracts are an integral part of everyday life! Many times, people don’t even know they are participating in a contract. A bilateral contract is an

A lot of factors can cause a drop in an asset or property’s value. One might encounter economic obsolescence in financial report adjustments or use it in bankruptcy filing. Economic

What are Emblements in Real Estate?   In real estate these are crops that are planted and taken care of by tenants, and remain the property of the tenants even

Land Contracts   A land real estate contract is akin to a private financing contract where real estate – either real property and/or structures on that property – is changing

60 Real Estate Terms To Help You Become A Better Communicator I’ll get straight to the point. Understanding the basics and real estate definitions is important to have in your

When you own property outright, did you know a set of rights comes along with it? This set of rights is commonly referred to as a bundle of rights in

What is an Agency Relationship in real estate? Before we begin to answer this in detail, let’s first describe what an agent is. An agent is a term commonly associated

The principle of substitution – a buyer will not pay more for a property than the cost of an equally desirable alternative property. Although this real estate term is often

What are Prescriptive Easements? Some of us may have used a property we do not own. But what if there comes a time when we no longer have access to

The United States is a huge place, and as it grew westward a long time ago, figuring out where the borders lay was quite a challenge. As the country quickly

What is an Easement in Gross? An easement in gross is the right to use another person’s land (legally) for as long as the holder of that easement is alive. How Does

What Is An Estate For Years An estate for years is just a type of leasehold estate.  Do not confuse this with any sort of physical ownership! An Estate For Years

What Is Fee Simple Defeasible Depending on what part of the country you are from, Fee Simple Defeasible is also called a qualified fee estate, conditional fee estate, or a