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EstateThe total value of a deceased person's assets.For example:Total value of property, automobile and all other possessions = £500,000Allowable deductions such as mortgage, overdraft at bank, credit cards and other expenses = £70,000Total net value of estate = £430,000Similar MatchesDisposition of Real Estate StatementDisposition of Real Estate StatementA statement that the buyer will occupy the property being purchased even though the buyer owns other property. The buyer states that the other property will be sold or rented. Particulars must be given as to any loan on the property and the equity or rent to payment amounts. Real EstateReal Estate(1) Land and anything permanently affixed to the land. such as buildings, fences, and those things attached to the buildings, such as light fixtures, plumbing and heating fixtures, or other such items which would be personal property it not attached. The term is generally synonymous with real property, although in some states a fine distinction may be made. (2) May refer to rights in real property as well as the property itself. Real estate brokerReal estate brokerOne who arranges the sale and purchase of property in return for a commission. Known as an estate agent in the UK. Residuary estateResiduary estateThe remainder of an estate after the payment of debts, expenses and taxes and the distribution of legacies. Also known as residue of estate in the UK. Estate agentEstate agentAn agent who acts in the arrangements of property sales and purchases in return for a commission based on the selling price. Further SuggestionsReal estate appraisalFinite Life Real Estate Investment Trust (FREIT) testate Real Estate Investment Trust (REIT) intestate Real estate Real estate broker estate tax real estate investment trust Real Estate Settlement Procedures Act (RESPA) Real Estate Mortgage Investment Conduit (REMIC) Broker, Real Estate estate duty real estate |
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