Definition: a measurement, used in the government survey system, consisting of a vertical strip of land six miles wide located between two range lines Pronunciation: \ˈrānj\ Used in a Sentence: Each six-mile wide vertical strip of land on either side of the PM is calle..
Category : R
Definition: the surveyed north-south lines running every six miles east and west of the principal meridian Pronunciation: \ˈrānj\ Used in a Sentence: To create the grid system, surveyors established vertical range lines parallel to the principal meridian every ..
Definition: a phrase referring to a prospective buyer of property who is legally capable and willing and financially able to consummate the transaction Pronunciation: Used in a Sentence: The broker found a buyer who was ready, willing and able to complete the purchase of the..
Definition: land, including the air above and the earth below, plus any permanent improvements affecting the utility of the land; property that is not personal property Pronunciation: Used in a..
Definition: a part of the real estate business that is concerned with bringing together buyers and sellers and owners and renters and completing a real estate transaction Pronunciation: \ˈbrō-k(ə-)rij\ Used in a Sentence: She works for a real estate broke..
Definition: a commercial activity in which the sale, purchase, leasing, rental, exchange or management of real property is conducted by qualified and licensed parties acting either for themselves or for others for compensation Pronunciation: Used in a Sentence: The real estate business is composed of many specia..
Definition: a method of pooling investment money using the trust from of ownership Pronunciation: Used in a Sentence: The real estate investments in a REIT are primarily office buildings, apartment buildings, and shoppin..
Definition: a profession requiring knowledge of real estate values, experience in dealing with the public, plus exceptional personal integrity and character as qualifications to act as advisors and agents for member of the public Pronunciation: \prə-ˈfe-shən\ Used in a Sentence: People in the real estate profession provide specialized service for others in return for com..
Definition: a state-regulated account to cover claims of aggrieved parties who have suffered monetary losses from a licensee’s actions Pronunciation: Used in a Sentence: The FREC ordered payment from the Real Estate Recovery Fund to the..
Definition: real estate activities involving compensation for performing the activities for another Pronunciation: Used in a Sentence: I employed the real estate services of an area broker to sell..