International real estate terminology and practice
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Real estate as “real property” in the U.K. In British usage, “real property”, often shortened to just “property”, generally refers to land and fixtures, while the term “real estate” is used mostly in the context of probate law, and means … Read More

Broker’s Price Opinion
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A Broker’s Price Opinion is the process a hired sales agent utilizes to determine the selling price of a real estate property. BPOs are popularly used in situations where lenders and mortgage companies believe the expense and delay of an … Read More

Timeshare
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A timeshare is a form of ownership or right to the use of a property, or the term used to describe such properties. These properties are typically resort condominium units, in which multiple parties hold rights to use the property, … Read More

Chain
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A chain (in the process of buying or selling a house) is a sequence of linked house purchases, each of which is dependent on the preceding and succeeding purchase. The term is commonly used in the UK. Each member of … Read More

Blockbusting
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Blockbusting was a business practice of U.S. real estate agents and building developers meant to encourage white property owners to sell their houses at a loss, by implying that racial, ethnic, or religious minorities — Blacks, Hispanics, Jews et al. … Read More

Real estate development
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Real estate development, or Property Development, is a multifaceted business, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw land and the sale of improved land or parcels to others. Developers are … Read More

Case–Shiller index
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Selected quarterly Case–Shiller index values, 1987–2008. The Standard & Poor’s Case–Shiller Home Price Indices are constant-quality house price indices for the United States. There are multiple Case–Shiller home price indices: A national home price index, a 20-city composite index, a … Read More

Property management
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Property management is the operation of commercial, industrial or residential real estate. This is much akin to the role of management in any business. Property management is also the management of personal property, equipment, tooling and physical capital assets that … Read More

Luxury real estate
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Luxury real estate (or luxury property in British English) is the real estate market niche targeted at the highest socio-economic group of consumers. Definition The characteristics that define luxury real estate differ among countries. However, location largely defines the property’s … Read More

Aboriginal title
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Protests of the Foreshore and Seabed Act 2004, extinguishing aboriginal title to the foreshore and seabeds Aboriginal title is a common law doctrine that the land rights of indigenous peoples to customary tenure persist after the assumption of sovereignty under … Read More

Real estate investment trusts
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A real estate investment trust or REIT is a tax designation for a corporation investing in real estate that reduces or eliminates corporate income taxes. In return, REITs are required to distribute 90% of their income, which may be taxable, … Read More

Construction
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In the fields of architecture and civil engineering, construction is a process that consists of the building or assembling of infrastructure. Far from being a single activity, large scale construction is a feat of multitasking. Normally the job is managed … Read More

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