Terms Beginning with S
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Sale and leaseback
A transaction in which an owner sells their renovated...
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Sales contract
A legal document that specifies all of the terms and...
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Salesperson
A person who engages in real estate activities while working...
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Satisfaction
A piece of paper that states that a debt has been paid in...
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Secondary mortgage market
A market for the acquisition and selling of existing...
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Section
A section of a township that was surveyed using the...
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Self-proving will
A will in which the witnesses deliver their evidence at the...
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Separate property
The land or other real estate that both the husband and wife...
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Servient tenement
The property on which an easement has been granted in favor...
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Setback
The minimum amount of distance that must exist between a lot...
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Severalty
One person's ownership of a whole piece of real estate;...
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Short sale
A sale of secured property that results in less money than...
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Situs
The subjective preference of individuals for one area of...
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Sovereignty of the soil
The commencement of the record of ownership of land, which...
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Special assessment
A tax or charge that is traditionally applied on just those...
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Special warranty deed
A deed in which the grantor warrants or guarantees the title...
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Specific lien
A lien that is solely applicable to one particular tract of...
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Specific performance suit
A kind of legal action that may be taken in certain...
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Specific performance
Specific performance clauses ensure that all parties...
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Sponsoring broker
A real estate broker that has all of their licenses in order...
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Squatter’s rights
Those rights which were obtained by means of hostile...
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Statute of frauds
The provision of a state law that stipulates that certain...
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Statute of limitations
The statute of limitations is the legal limit placed on the...
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Statutory lien
A lien that is placed on property by legislation, such as a...
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Steering
The unethical activity of steering people looking for homes...
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Stigmatized property
A piece of real estate that some people consider to be...
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Straight-line method
A technique of computing depreciation for the purposes of...
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Subagency
An agent may often engage a subagent to assist the agent in...
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Subdivision
A parcel of property that has been subdivided by the owner,...
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Subletting
The act of a lessee subletting a portion of their space to a...
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Subordination agreement
An agreement between two creditors that reorders the...
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Subordination
A move to a lower position, often with regard to a right or...
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Subrogation
The process of exchanging one creditor for another, with the...
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Substitution
An appraisal theory that states that the maximum value of a...
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Suit for possession
A legal proceeding that is brought by a landlord against a...
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Suit for specific performance
A judicial proceeding that may be initiated by either a...
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Suit to quiet title
A legal proceeding that aims to establish or resolve the...
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Summation appraisal
A method of determining value in which the estimated worth...
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Supply
The quantity of an item or service that may be purchased on...
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Surety bond
An arrangement made by an insurance or bonding business in...
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Survey
The process of measuring boundaries and determining land...
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Syndicate
A group consisting of two or more individuals or companies...