Saturday, November 8, 2025, 8:17 PM
Site: MLS Campus Inc - Real Estate School
Course: MLS Campus Inc - Real Estate School (MLS Campus)
Glossary: Real Estate Glossary
A

Accretion

A gradual addition to land from natural causes; for example from gradual action of ocean or river waters.

Accrued Depreciation

(1) The difference between the cost of replacement new as of the date of the appraisal and the present appraised value. (2) The accumulated loss in value that has affected the improvements on real property.

Acknowledgement

A formal declaration before an officer duly authorized as a notary public by a person who has executed an instrument stating that the execution is his or her act and deed. A formal statement (usually before a notary public) by the person signing a deed or document that the instrument was actually and freely signed.

Acoustical Tile

Blocks of fiber mineral or metal with small holes or a rough-textured surface to absorb sound used as covering for interior walls and ceilings.

Acquisition

The act or process by which a person procures property.

Acre

A measure of land equaling 160 square rods 4840 square yards43560 square feet or a tract about 208.71 feet square.

Ad Valorem

According to value.

ADA

(Americans with Disabilities Act) A statute that codifies building standards and conditions for access by Americans with certain disabilities.

Adjacent

Located next to or near an object or parcel of property.

Adjoining

Located so as to touch an object or share a common property line.