Business / Real Estate / Remainder Estate: A future interest in real estate created at the time and by the same instrument of the original estate, but limited its immediate authority upon the termination of the prior estate. For example, Hoe Phigg owns a property in fee simple and conveys the property to Barry Clink and upon Clinks death, to Cora Quibb and her heirs. Cora Quibb has a remainder estate, which is vested because the estate automatically passes to Cora Quibb and her heirs upon the death of Barry Clink.
Estate Noun Synonyms: property, holdings, domain, demesne, land, landed estate, manor, mansion
Business / Real Estate / Real Estate Dealer: A real estate dealer holds property primarily for resale to customers in the course of business, in contrast to a real estate investor who holds property for personal investment. Dealers are denied ce MORE
Business / Real Estate / Real Estate Commissioner: The Real Estate Commissioner is appointed by the governor and serves at the governors discretion. The commissioner determines administrative policy and enforces that policy in the best interests of th MORE
Business / Real Estate / Real Estate Educators Association (REEA): A professional organization established by and for real estate educators, including individuals and institutions. REEA is international in scope and represents every aspect of real estate education wh MORE