The credit industry term used to describe a loan that reflects the best possible interest rate, terms and conditions. Consumers must demonstrate good credit in order to secure an "A" loan.

Transfer of title to real property.

A history of a title and the current status of a title based on a title examination.

A clause in a mortgage or deed of trust that entitles the lender to declare the entire principal balance of the debt immediately due and payable if the borrower sells the property during the mortgage term.

A provision in a mortgage or deed of trust that permits the lender to declare the entire principal balance of the debt immediately due and payable if the borrower is in default.

Benefits resulting from the ownership of a particular property.

Compliance with the terms and conditions of an offer so that a contract becomes legally valid.

A designation of periodic payments of principal and interest over a specific term to satisfy a mortgage loan.

The right to go onto and leave a property.

The actual effective rate of interest charged on a loan expressed on a yearly basis; not the same as the simple interest rate.

Accumulated.

An estimate of property value based on factual data.

The amount of depreciation taken, as of a given date, for tax purposes. The loss in value in a structure measured by the cost of a new replacement.

An organized and systematic program for estimating real property value.

A formal statement before an authorized official (e.g., notary public) by a person who executed a deed, contract, or other document that it was (is) his free act.

A report containing an estimate of property value and the data on which the estimate is based.

The act of acquiring a property.

An increase in property value.

A land area containing 43,560 square feet.

A right of use in the adjoining land of another that moves with the title to the property benefiting from the easement.

A lawsuit to clear a title to real property.

Delinquent in meeting an obligation. The payment of interest for a prior period as scheduled.

The removal of a tenant by the landlord because the tenant breached a condition of a lease or other rental contract.

A corporation of other legally recognized entity.

The knowledge that a person has of a fact.

The price specified in a listing contract.

A mortgage in which the interest rate changes according to changes in a predetermined index.

The value to which a local tax rate is applied to calculate the amount of real property tax.

Original cost (purchase price and closing costs) of a property plus capital improvement minus depreciation, in any.

A levy against property.

The amount realized reduced by the cost of fixing up expenses.

An official of local government who has the responsibility for establishing the value of property for tax purposes.

One executed by an administrator to convey title to estate property.

One to whom contractual rights are transferred.

A method of acquiring title to real property by conforming to statutory requirement. A form of involuntary alienation of title.

A transfer of legal rights and obligations by one party to another.

A legal requirement that a servient owner permit a right of use in the servient land by the dominant owner.

The transfer by a lessee of the entire remaining term of a lease without any reversion of interest to the lessee.

The fiduciary relationship existing between a principal and agent.

Any person employed by or on behalf of an agency to perform real estate brokerage services and licensed by the commission as an associate broker.

A person authorized by another to act on her behalf.

One that does not contain an alienation clause.

A contract. Mutual assent between two or more parties.

A person licensed by a state to engage in the practice of law.

Rights in the air space above the surface of land.

A form of property sale in which people are bidding against each other.