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This is a list of abbreviations used in law and legal documents. It is common practice in legal documents to cite other publications by using standard abbreviations for the title of each source.
Assessed value: The value of real estate property as determined by an assessor, typically from the county. "As-is": A contract or listing clause stating that the seller will not repair or correct ...
RESPA was created because various companies associated with the buying and selling of real estate, such as lenders, real estate agents, construction companies and title insurance companies were often engaging in providing undisclosed kickbacks to each other, inflating the costs of real estate transactions and obscuring price competition by ...
Affirming a disjunct is a fallacy. The formal fallacy of affirming a disjunct also known as the fallacy of the alternative disjunct or a false exclusionary disjunct occurs when a deductive argument takes the following logical form: [1] A or B A Therefore, not B. Or in logical operators:
The language of real estate contracts is typically written to protect buyers. And in many cases, a home seller who reneges on a purchase contract can be sued for breach of contract. A judge could ...
REIT – Real Estate Investment Trust; RFI – Request for information; RFP – Request for Proposal; RFQ – Request for Quotation; RFX – Generic name for a Request for Information, Proposal or Quotation; RMD – Required Minimum Distribution; R/O – Rollover; ROA – Return on assets; ROB – Return on brand; ROC – Registration Of Company
A real estate contract typically does not convey or transfer ownership of real estate by itself. A different document called a deed is used to convey real estate. In a real estate contract, the type of deed to be used to convey the real estate may be specified, such as a warranty deed or a quitclaim deed. If a deed type is not specifically ...
A purchase and sale agreement (PSA), also called a sales and purchase agreement (SPA) [1] or an agreement for purchase and sale (APS), [2] is an agreement between a buyer and a seller of real estate property, company stock, or other assets.