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Real Estate Glossary

Administrator

Property administrators oversee the operations of their assigned properties. They ensure that everything goes smoothly in order to maintain their properties' appearance and preserve or increase their value. The typical tasks of...

Real Estate Glossary

Appraised value

This refers to a property's estimated worth at a given point in time. It is determined through an evaluation of a professional appraiser, typically during the mortgage origination process. A property's or an asset's market value...

Real Estate Glossary

Assessor

This local government official has the power to determine the value of a property for local real estate taxation purposes. Future property taxes are derived from the figures that assessors calculate. Assessors are usually limited...