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Real Estate Agent Terms


  > Locus
Locus means a particular parcel of land.
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  > Constructive notice
A constructive notice is also called a legal notice and presumes that everybody has knowledge of a recorded instrument.
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  > Patent
With a patent the Federal Government conveys public land to individuals.
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   Real Estate Terms and Definitions

 

Concession
A concession is a Governement grant to sell food, etc on government land.

Common expense
In a condominium, common expenses are the expenses of operation, set by the bylaws.

Zoning
Zoning is public regulation for the use of land.

Abstract
An abstract contains the history of ownership of a certain property.

Realty
Realty is synonymous for real estate or real property.

Patent
With a patent the Federal Government conveys public land to individuals.

Constructive notice
A constructive notice is also called a legal notice and presumes that everybody has knowledge of a recorded instrument.

Affidavit
An affidavit is a written declaration under oath.

Void
A void is something that has no force and is not enforceable

Cash value
Cash value refers to the amount of money a piece of property will bring shortly after brought to the open market.

Contact our Omaha Real Estate Agents


If you live in the following cities and need a mortgage broker you should contact our Omaha Real Estate Agents as soon as possible:

  • Alliance
  • Beatrice
  • Bellevue
  • Blair
  • Columbus
  • Fremont
  • Gering
  • Grand Island
  • Hastings
  • Kearney
  • La Vista
  • Lexington
  • Lincoln
  • Norfolk
  • North Platte
  • Omaha
  • Papillion
  • Plattsmouth
  • Scottsbluff
  • South Sioux City
       
 
Did You Know?    
 
 
Fledgeling real estate agents need funds
Due to the irregularity of the paycheck it is adviseable for beginning real estate agents to have funds available until the commissions increase and until the paychecks are somewhat stable.

 
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Latest News
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The information provided on Real Estate Agents Omaha.com is not intended to be real estate advice, but merely conveys general information related to real estate issues commonly encountered.

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