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  2. Highest and best use - Wikipedia

    en.wikipedia.org/wiki/Highest_and_best_use

    The Highest and Best Use as vacant may be the same or different as the Highest and Best use as improved. For improved properties, the first analysis applied is the use of the property based on the assumption that the parcel is vacant. Then, the analysis focuses on the use that should be made of the property as it is currently improved.

  3. Broker's price opinion - Wikipedia

    en.wikipedia.org/wiki/Broker's_price_opinion

    A broker's price opinion (BPO) is a report that is performed by a licensed real estate agent, broker. or appraiser. A BPO is an informal appraisal. It is similar to doing a CMA (Comparative Market Analysis) but most times the real estate professional gets paid to do a BPO. A BPO can be either an exterior drive-by or a full interior report.

  4. List of landmark court decisions in the United States

    en.wikipedia.org/wiki/List_of_landmark_court...

    Loper Bright Enterprises v. Raimondo, 603 U.S. ___ (2024) The Administrative Procedure Act requires courts to exercise their independent judgment in deciding whether an agency has acted within its statutory authority, and courts may not defer to an agency interpretation of the law simply because a statute is ambiguous; Chevron is overruled.

  5. What is a deficiency judgment? - AOL

    www.aol.com/finance/deficiency-judgment...

    In foreclosure cases, a deficiency judgment is a court order allowing a lender to collect the remaining mortgage balance when the proceeds from the sale of the property aren’t enough to pay off ...

  6. Do you need a real estate agent to sell a house? - AOL

    www.aol.com/finance/real-estate-agent-sell-house...

    A skilled real estate agent can help you sell your home, likely more quickly and for more money than if you tried to do it on your own. On the other hand, a majority of agents charge a commission ...

  7. Real estate appraisal - Wikipedia

    en.wikipedia.org/wiki/Real_estate_appraisal

    In Germany, real estate appraisal is known as real estate valuation (Immobilienbewertung). Real estate appraisers (Immobilienbewerter or Gutachter) can qualify to become a Öffentlich bestellter und vereidigter Sachverständiger (officially appointed and sworn expert). However, this formerly very important title has lost a lot of its importance ...

  8. Real estate economics - Wikipedia

    en.wikipedia.org/wiki/Real_estate_economics

    Real estate economics is the application of economic techniques to real estate markets. It aims to describe and predict economic patterns of supply and demand . The closely related field of housing economics is narrower in scope, concentrating on residential real estate markets, while the research on real estate trends focuses on the business ...

  9. Purposive approach - Wikipedia

    en.wikipedia.org/wiki/Purposive_approach

    The purposive approach (sometimes referred to as purposivism, [1] purposive construction, [2] purposive interpretation, [3] or the modern principle in construction) [4] is an approach to statutory and constitutional interpretation under which common law courts interpret an enactment (a statute, part of a statute, or a clause of a constitution) within the context of the law's purpose.