devisee
A person or entity who inherits real estate under the terms of a will.
See Topic: Wills & Estate Planning
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Tag: real estate
real property
real property
Another term for real estate. It includes land and things permanently attached to the land, such as trees, buildings, and stationary mobile homes. Anything that is not real property is termed personal property.
See Topic: Real Esta
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joint tenancy
joint tenancy
A way for two or more people to share ownership of real estate or other property. When two or more people own property as joint tenants and one owner dies, the other owners automatically own the deceased owner’s share. For example, if
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devise
devise
An old legal term that is generally used to refer to real estate left to someone under the terms of a will, or to the act of leaving such real estate. In some states, “”devise”” now applies to any kind of property left by will, making it identi
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real estate broker
real estate broker
A real estate professional one step up from a real estate agent. A broker has more training and can supervise agents, but its still worth examining his or her loyalties.
See Topic: Real Estate
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ingress
ingress
An entrance, or the act of entering. Compare egress.
See Topic: Real Estate
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deed of trust
real estate agent
real estate agent
A foot soldier of the real estate business who shows houses and does most of the other nitty-gritty tasks associated with selling real estate. An agent must have a state license and be supervised by a real estate broker. Most agent
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HUD
HUD
See Housing and Urban Development.
See Topic: Landlords & Property Management Real Estate Renters’ Rights
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deed
deed
A document that transfers ownership of real estate.
See Topic: Real Estate
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