Glossary Index | Categories | Tagged Terms

Terms with Tag Realty

Building Permit -
Capital Expenditure

Closing -
Commission

Carport (cprt, crprt) — Abbreviation,
- A roofed parking area that lacks one or more walls.
Carrying Costs — Definition,
- The cost of maintaining a property.
Case-Shiller Index (CSI) — Acronym, United States,
- Indices calculated from data on repeat sales of single-family homes within the US. In Canada, the New Housing Price Index is calculated monthly by Statistics Canada.
Cash Method — Definition,
- The form of accounting in which you report income in the actual year you receive it and deduct expenses in the year you pay. Most individuals use this method. Under this system, if you built a deck and billed the client in December 1999 but didn't receive the cheque until January 2000, it would be counted as 2000 income, not 1999.
Cash on Cash Return (COCR) — Acronym,
Caveat — Definition,
- A charge or instrument placed on land title.
- To give warning, notice or caution; beware.
Certificate of Occupancy (CO) — Acronym, Important,
- Authorization by a local government giving permission for someone to live in or use a building that has just been constructed or renovated.
➥ Zoning bylaw.
Certificate of Sale — Definition,
- An affidavit issued at a judicial or tax sale that entitles the buyer to the deed to the property purchased after court confirmation.
Certificate of Title — Definition,
- A written document stating that the title to a piece of property is legally vested in the present owner.
Certificate Program in Real Estate Development (CPRED) — Acronym, Calgary, Alberta, Canada,
➥ Real Estate Development certificate.
Certified Appraiser of Personal Property (CAPP) — Acronym,
Certified Buyer Representative (CBR) — Acronym,
Certified Distressed Property Expert (CDPE) — Acronym,
Certified Home Marketing Specialist (CHMS) — Acronym,
Certified Investment Agent Specialist (CIAS) — Acronym,
Certified Leasing Officer (CLO) — Acronym, Canada,
➥ Real Estate Institute of Canada accreditation.
Certified Manager of Condominiums (CMOC) — Acronym, Canada,
➥ Real Estate Institute of Canada accreditation.
Certified Mortgage Appraisal Reviewer (CMAR) — Acronym, Canada,
Certified Negotiation Expert (CNE) — Acronym,
Certified Real Estate Brokerage Manager (CRB) — Acronym, United States,
➥ A real estate professional designation used in the US.
Certified Real Estate Finance (CRF) — Acronym, Canada,
➥ Professional designation.
Certified Real Estate Specialist (CRES) — Acronym, Canada,
➥ Real Estate Institute of Canada accreditation.
Certified Reserve Planner (CRP) — Acronym, Canada,
➥ Real Estate Institute of Canada accreditation.
Certified Residential Relocation Specialist (CRRS) — Acronym,
Certified Residential Underwriter (CRU) — Acronym, Canada,
➥ Real Estate Institute of Canada accreditation.
Chain of Title — Definition,
- Legal records that trace ownership of a property from the most recent owner to the original owner.
Change Order — Definition,
- A document defining an alteration of construction plans.
Circuit Breaker — Definition,
- A tax credit that reduces property taxes for the elderly and permanently disabled. The credit is dependent on the amount of income earned which means the more you make, the lower the credit.
- An electrical device used to turn power off and on in sectors of a building and to limit the flow of electricity through a circuit for safety purposes.
Classified Property Tax — Definition,
- A local government's levy on real estate that varies depending on the use of the property. Usually, commercial property is taxed more heavily than residential property where a classified property tax exists.
Clear Title — Definition,
- Title not burdened by liens or legal questions.