Sunday, April 28, 2024, 7:00 AM
Site: Burk Baker School of Real Estate & Appraising
Course: DEMO (DE101)
Glossary: Real Estate Glossary
B
BUILDING RESTRICTIONSLimitations on the use of property or the size and location of improvements established by legislation or by covenants in deeds. |
BUNDLE OF RIGHTSOwnership concept in real estate which embraces the rights of possession, use, enjoyment and disposition. |
C
CAPITALIZATIONThe act of converting future income into current equivalent value. |
CAPITALIZATION RATEThe relationship or ratio between the net income from a real estate investment and the value of the investment, usually expressed as a percentage; the rate of interest which is considered a reasonable return on the investment. |
CAUSE - Civil Law TermThe reason a person obligates himself. |
CAVEAT EMPTORLet the buyer beware; the buyer must examine the goods or property and buy at his own risk. |
CC and RsAn abbreviation of covenants, conditions, restrictions, rights of way, and recorded easements. |
CERTIFICATE OF ELIGIBILITYThe document which verifies the entitlement of an individual to the benefits of the Servicemen's Readjustment Act of 1944 by establishing his service record qualifications with the government agency. |
CERTIFICATE OF REASONABLE VALUECommonly known as C.R.V.; this is the appraisal commitment of the Veteran's Administration used to fix the value of a property being proposed for purchase by a veteran under the GI bill of rights. |
CERTIFICATE OF TITLEA certification based on immediately available public records and issued by a title company, or an opinion rendered by an attorney that the seller has good, marketable and/or insurable title to the property. |