Real estate broker


 

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Real estate broker

One who arranges the sale and purchase of property in return for a commission. Known as an estate agent in the UK.

Real estate broker

An intermediary who receives a commission for arranging and facilitating the sale of a property for a buyer or a seller.



Real estate broker

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Residuary estate

Residuary estate

The 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.


Real estate

Real estate

Property comprising land and buildings etc as opposed to personal property. Also known as real property.


Estate

Estate

The 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 = £430,000


Real estate investment trust

Real estate investment trust

In the US, a publicly traded investment trust which invests the capital of its shareholders in real estates.Some REITs, called 'Equity Reits', take equity positions in real estate, receiving income from rents and capital growth from selling buildings.Others specialise in lending money to property developers, their income coming from interest payments on those loans.Hybrid REITS do a mixture of equity investing and property lending.REITs enjoy special tax advantages provided 75% or more of their income comes from property and 95% or more of their net earnings is distributed to shareholders annually.


Real estate appraisal

Real estate appraisal

An estimate of the value of property using various methods.


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Real Estate Settlement Procedures Act (RESPA)
estate duty
estate agent
Real Estate Mortgage Investment Conduit (REMIC)
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