A program administered by the State Department of Veterans Affairs for the direct financing of farms and homes for veterans who qualify.

Assets of a permanent nature used in the production of income. Examples would include land buildings and equipment.

The gain recognized for federal and state income tax purposes when a taxpayer disposes of a capital asset.

In appraising a method of determining value of property by considering net income and a reasonable percentage of return on the investment.

The percentage rate or rate of interest considered a reasonable return on the investment. It is used in the capitalization method of determining value based upon net return.

Molding used at junction of baseboard and floor sometimes called a carpet strip.

Windows set in frames of wood or metal that swing outward.

A legal right; facts giving rise to an enforceable claim.

A Latin phrase meaning let the buyer beware"; the legal maxim stating that the buyer must examine the goods or property and buy at his or her own risk."

Covenants conditions and restrictions. The basic rules establishing the rights and obligations of owners (and their successors in interest) of real property within a subdivision or other tract of land in relation to other owners within the same subdivision or tract in relation to an association of owners organized for the purpose of operating and maintaining property commonly owned by the individual owners.

The Veterans Administration's written appraisal of the value of a property.

The Supreme Court order indicating that the court has decided to exercise its discretion and accept a case offered on appeal. The court reviews only those select cases that it deems worthy of review.

A series of conveyances encumbrances and other instruments affecting the title from the time original patent was granted or as far back as records are available. A history of the recorded ownership of real estate and claims against title to real estate.

Procedure that is done to terminate your license or change the broker you are listed under 

The old name for personal property.

A personal-property mortgage. (See Security Agreement.)

In real estate an estate less than a freehold estate such as a lease.

(1) Personal property. (2) This term is sometimes used in a law to describe any interest in real or personal property other than a freehold.

An electrical device that automatically interrupts an electrical circuit when an overload occurs. Circuit breakers can be reset and today are used instead of fuses.

A system of jurisprudence sometimes called Roman law wherein all the laws are set forth in advance to regulate conduct (as opposed to common law where the principles of law develop on a case-by-case basis).

The illegal act of a real estate broker who mixes the money of other people with that of his or her own; brokers are required by law to maintain a separate trust account for other parties' funds held temporarily by the broker