Real Estate Terminology 2

Question	Answer
Words Image: 6674b929-edf4-4812-a5f1-3c6c058bbb63 (image/jpg)	Definishion
REALTOR	Current of the National Association of Realtors
turnover	Number of times the inventory is sold per year
Appurtenant	Anything that by right, is used by the land for its benefit and "goes with the land
Riparian Rights	owner has personal rights to use such waters in a "resonable manner
Right of appropriation	right given to the state to give permission to a nonriparian owner to take water from a river or lake
Emblements	Growing crops are considered to be personal goods and are governed by laws of personal property
Tenancy in Common	Ownership by 2 or more person who hold undivided nterest without right of survivorship; interest need not be equal.
Trade fixtures	Articles of personal property that a business tenant has attached to real property because of their need to be usued in a trade or business
law of capture	applies to oil and natural gas where whoevere finds it first is the one who gets to lay claim to it
Real Estate Agent	person who is empowered to represent a principal in negotiating with a third party for the principles benefit
Dual agency	Real estate broker represents both buyer and seller in the same transaction.

Resource summary

	Created by Melody Pke over 7 years ago