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  HOME ABOUT US FAQ RESOURCE CENTER CONTACT US LOCATE AGENTS November 21, 2008
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Real Estate Agent Terms


  > Abstract
An abstract contains the history of ownership of a certain property.
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  > Locus
Locus means a particular parcel of land.
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  > Void
A void is something that has no force and is not enforceable
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   Real Estate Terms and Definitions

 

Quiet title
A quiet title is a court order to establish title and remove a cloud on the title.

Rancho
Grants of land to individuals dating back to the Spanish-Mexican governments.

Covenant
A covenant is a written agreement that probibits certain use of property.

Zoning
Zoning is public regulation for the use of land.

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

Lessor
A lessor is someone that rents property through a lease, the so called landlord.

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

Audit
An audit is the examination of real estate transaction records in order to verify accuracy.

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

Balloon payment
A ballon payment is a final payment which is usually higher than the preceeding ones.

Contact our Rhode Island Real Estate Agents


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

  • Barrington
  • Bristol
  • Central Falls
  • Coventry
  • Cranston
  • Cumberland
  • East Greenwich
  • East Providence
  • Johnston
  • Lincoln
  • Middletown
  • Narragansett
  • Newport
  • North Kingstown
  • North Providence
  • Pawtucket
  • Portsmouth
  • Providence
  • Riverside
  • Tiverton
  • Wakefield
  • Warwick
  • West Warwick
  • Westerly
  • Woonsocket
       
 
Did You Know?    
 
 
Prior convictions influence the license
Convictions within the last ten years might prevent you from obtaining the real estate license. After passing the written test, all information will be reviewed. Felony convictions might then lead to the issue of Intent to Deny.

 
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Latest News
  Latest real estate agent news in Rhode Island and nationwide:

May 25, 2006 - Commercial Real Estate Lending Risk Management Article
The federal bank and thrift regulatory agencies on Tuesday issued for comment proposed guidance on sound risk management p...
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Jan 09, 2006 - MapQuest Business Solutions Teams With Leading Real Estate Information Provider
MapQuest Business Solutions Provides FNIS with Enterprise Suite of Mapping Products to Improve the Way Their Customers Do ...
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Mar 24, 2005 - Statement From Secretary Alphonso Jackson on February Sales Of New Homes
Sales of new single-family homes rose 9.4 percent in February, compared to January and 5.2 percent compared to February 20...
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Legal Disclaimers
The information provided on Real Estate Agent Rhode Island.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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