The consumption of available vacant property in a building or market. Pg/s 338 Chapter 15 Category: general

The business of managing the physical and financial condition of an investment property for an owner. (p. 7)

A direct agent of the principal who is hired for compensation to perform a stated service such as procuring a customer. (p. 20)

Without legal force or effect. (p. 48)

A fiduciary relationship between an agent and a principal where respective rights and duties are prescribed by laws of agency and by the agency agreement executed by the two parties. See universal agency, limited agency, and fiduciary. Pg/s 53

A party who was first to obtain a ready, willing, and able customer, or a party who expended the effort to induce the customer to complete the transaction. Pg/s 84

Inducing property owners to sell or rent their holdings due to an impending downturn in their property values, often owing to a change in the area’s ethnic or social composition. Pg/s 114

Rights in real property as they apply to the property’s airspace, or all space above the surface within the parcel’s legal boundaries. Pg/s 135

A written, chronological record of the title records affecting rights and interests in a parcel of real property. Pg/s 178

An imaginary latitude line within the rectangular survey system that is designated in relation to a principal meridian for purposes of identifying townships. Pg/s 208

A contract where both parties promise to perform in exchange for performance by the other party. See unilateral contract. Pg/s 223

A financial contract where a seller retains legal title to a property and gives the buyer equitable title and possession over a period of time. During the contract period, the seller finances all or part of the purchase price. If the buyer makes timely payments and abides by all contract provisions, the seller conveys legal title at the end of the contract period. Pg/s 264

A mortgage loan where a seller lends a buyer some or all of the purchase price of a property. Pg/s 273, 286

Payment that occurs at the end of a payment term rather than at the beginning. Examples of items paid in arrears include taxes and interest. Pg/s 308

The consumption of available vacant property in a building or market. Pg/s 338

An opinion of value of a property developed by a professional and disinterested third party and supported by data and evidence. Pg/s 351

An increase in the value of a property generally owing to economic forces beyond the control of the owner. Pg/s 378

1. A non-cash expense taken against the income of investment property that allows the owner to recover the cost of the investment through tax savings. 2. A loss of value to improved property. Pg/s 401

A specific standard of construction or maintenance of any aspect of an improved property established by local government officials. Pg/s 415

Originally a one-story house with prominent roof and large overhangs. Category: house styles