Free Real Estate Vocabulary Flashcards
Pass the real exam by knowing all of the vital real estate vocabulary terms that are crucial to passing the real estate licensing examination. Study all of the important real estate glossary terms and definitions, and pass with confidence!
Waste, Act of
Destruction, damage, or materialalteration of property by someone in possessionwho holds less than a fee estate (such as a lifetenant or lessee)
Waste, Act of
Destruction, damage, or materialalteration of property by someone in possessionwho holds less than a fee estate (such as a lifetenant or lessee).
Wasteland
Land that is not economically feasible for development The land may have great environmental value, such as swampland that supports wildlife
Wasteland
Land that is not economically feasible for development. The land may have great environmental value, such as swampland that supports wildlife.
Wasteline
A line carrying waste from any kitchen or bathroom fixture except a toilet
Wasteline
A line carrying waste from any kitchen or bathroom fixture except a toilet.
Wasting Assets
Assets which, by use or lapse of time, are consumed or reduced in book value, irrespective of market fluctuation Includes oil, minerals, patent rights, …
Wasting Assets
Assets which, by use or lapse of time, are consumed or reduced in book value, irrespective of market fluctuation. Includes oil, minerals, patent rights, franchises for a fixed term, etc. Also called “diminishing assets”; “wasting property”.
Wasting Property
Water Level
The surface height of a body of water as measured by a point on the shore See also: Water Mark
Water Level
The surface height of a body of water as measured by a point on the shore. See also: Water Mark.
Water Mark
A mark on the shore indicating the highest point to which a body of water will normally rise (high-water mark) and also the lowest …
Water Mark
A mark on the shore indicating the highest point to which a body of water will normally rise (high-water mark) and also the lowest point (low-water mark) to which it will recede.
Water Power
The power created by the fall of a stream across one’s land, the riparian owner being entitled to its utilization
Water Power
The power created by the fall of a stream across one’s land, the riparian owner being entitled to its utilization.
Water Repellant
A chemical compound, in liquid form, which penetrates wood or other materials and prevents absorption of moisture or water into said materials
Water Repellant
A chemical compound, in liquid form, which penetrates wood or other materials and prevents absorption of moisture or water into said materials.
Water Rights
Any right to the use and/or control of water, whether for irrigation, hydro electric power, personal use, etc (See: Riparian Rights)
Water Rights
Any right to the use and/or control of water, whether for irrigation, hydro electric power, personal use, etc. (See: Riparian Rights).
Water Table
(1) The depth, measured from the surface, at which natural underground waters are found (2) A ledge to aid the run-off of rainwater, built …
Water Table
(1) The depth, measured from the surface, at which natural underground waters are found. (2) A ledge to aid the run-off of rainwater, built at or above the top of the foundation wall.
Water-Gage
A sea wall to restrain water from overflowing
Water-Gage
A sea wall to restrain water from overflowing.