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  2. Highest and best use - Wikipedia

    en.wikipedia.org/wiki/Highest_and_best_use

    The highest and best use of the site is to demolish the house and sell the site as a commercial lot. The market value would be $225,000 ($250,000 site value minus $25,000 demolition cost). However, if the demolition costs rose to $55,000, the highest and best use would be the existing residential use, because the value as a commercial lot (now ...

  3. Uniform Standards of Professional Appraisal Practice

    en.wikipedia.org/wiki/Uniform_Standards_of...

    USPAP was originally written in 1986-87 by an ad hoc committee representing the various appraisal professional organizations in the U.S. and Canada. The copyright to USPAP was donated to TAF on April 27, 1987. While USPAP answers a specific regulatory need in the U.S., it has also been adopted by many appraisal professional organizations ...

  4. Real estate license - Wikipedia

    en.wikipedia.org/wiki/Real_estate_license

    Real estate license. A real estate license is an authorization issued by a government body to give agents and brokers the legal authority to represent a home seller or buyer in a real estate transaction. Real estate agents and real estate brokers are required to be licensed when conducting real estate transactions in the United States and many ...

  5. Real estate agent - Wikipedia

    en.wikipedia.org/wiki/Real_estate_agent

    Real estate agent. Real estate agents and real estate brokers are people who represents sellers or buyers of real estate or real property. While a broker may work independently, an agent usually works under a licensed broker to represent clients. [1] Brokers and agents are licensed by the state to negotiate sales agreements and manage the ...

  6. Test preparation - Wikipedia

    en.wikipedia.org/wiki/Test_preparation

    Test preparation. Test preparation (abbreviated test prep) or exam preparation is an educational course, tutoring service, educational material, or a learning tool designed to increase students ' performance on standardized tests. Examples of these tests include entrance examinations used for admissions to institutions of higher education, such ...

  7. Real estate - Wikipedia

    en.wikipedia.org/wiki/Real_estate

    Real estate is property consisting of land and the buildings on it, along with its natural resources such as growing crops (e.g. timber), minerals or water, and wild animals; immovable property of this nature; an interest vested in this (also) an item of real property, (more generally) buildings or housing in general. [1][2] In terms of law ...

  8. Legal education in the United States - Wikipedia

    en.wikipedia.org/wiki/Legal_education_in_the...

    Legal education in the United States. Legal education in the United States generally refers to a graduate degree, the completion of which makes a graduate eligible to sit for an examination for a license to practice as a Lawyer. Around 60 percent of those who complete a law degree typically practice law, with the remainder primarily working in ...

  9. Bar examination in the United States - Wikipedia

    en.wikipedia.org/wiki/Bar_examination_in_the...

    In the United States, those seeking to become lawyers must normally pass a bar examination before they can be admitted to the bar and become licensed to practice law. Bar exams are administered by states or territories, usually by agencies under the authority of state supreme courts. [a] Almost all states use some examination components created ...

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