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Real Estate Glossary

Agency Debt

Also known as agency bonds, agency debts are issued by a certain agency of the federal government. These include agencies such as the Federal Farm Credit Bank, the U.S. Postal Service, and the Government National Mortgage...

Real Estate Glossary

Appraiser

An appraiser is a professional who evaluates the market value of a property or an asset. They are expected to act independently of the buying and selling parties in a negotiation. The appraiser's opinion about the appraised asset...

Real Estate Glossary

Accrued depreciation

Also known as accumulated depreciation, this refers to the devaluation of property over a certain period. Some of the main reasons for accrued depreciation are wear and tear and obsolescence. It can be calculated by multiplying...

Real Estate Glossary

Accumulated Cost Recovery

This refers to the total cost of recovery deductions that are used throughout the holding period of a property. The accumulated cost recovery ratio provides a figure that exemplifies the level of ongoing success or failure of an...

Real Estate Glossary

Actual notice

Actual notice is the direct knowledge of a potential property buyer about the terms of real estate transactions. This knowledge includes details in the public record such as titles, liens, land surveys, and other financial...