Dictionary

Definition:   Professionals who analyze existing or possible real estate problems and recommend a course of action. Pronunciation: \ˈkau̇n(t)-s(ə-)lər\ Used in a Sentence:   The seller hired a coun...

Definition:  A system for estimating the market value of property based on the cost to buy the site and to construct a new building on the site, less depreciation. Pronunciation:   \ˈkȯst\ \di- pr...

Definition: The amount to produce or acquire something. Pronunciation: Used in a Sentence:  The cost to rebuild the structure was too high to consider.

Definition:  An artificial or made up person formed by an ecclesiastical body. Pronunciation: \ˌkȯr-pə-ˈrā-shən\ \ˈsōl\ Used in a Sentence:   A corporation sole cannot be registered as a real esta...

Definition: An artificial or made-up person formed to conduct specified types of business activities. Pronunciation: \ˌkȯr-pə-ˈrā-shən\ Used in a Sentence:   The group decided to form a corporatio...

Definition:  A lot bounded with intersecting streets on two sides. Pronunciation:  \ˈkȯr-nər\ Used in a Sentence:   We chose the corner lot because it had more property.

Definition:  Title to real property held by two or more persons at the same time.  Also called concurrent ownership or multiple ownership. Pronunciation:  \ˈkō-ō-nər-ˌship\ Used in a Sentence:  Mar...

Definition: A multiunit project consisting of individual dwelling units owned by the corporation.  The individual apartment tenants own stock in the corporation rather than owning their respective ...

Definition: The transfer of title or an interest in real property by means of a written instrument such as a deed or an assignment of lease. Pronunciation:   \kən-ˈvā-ən(t)s\ Used in a Sentence:   ...