property law

Quasi-community property

Definition

Property acquired by a married person or couple in a non-community property state that would have been community property if it had been acquired in a community property state, e.g. California. If the married couple subsequently relocates to...

ratable

Definition from Nolo’s Plain-English Law DictionaryCapable of being appraised or apportioned. Also taxable according to value, such as an estate or property.

Definition provided by Nolo’s Plain-English Law Dictionary.

read on

Definition from Nolo’s Plain-English Law DictionaryIn patent law, to literally describe an element of an invention. Thus, a patent is infringed if the patents claims read on (literally describe) all the elements of the infringing device.

Definition...

real estate

Definition from Nolo’s Plain-English Law DictionaryLand and things permanently attached to it, such as buildings, houses, stationary mobile homes, fences and trees. Real estate is also called real property. Anything that isn't real estate is personal...

real estate agent

Definition from Nolo’s Plain-English Law DictionaryA foot soldier of the real estate business who shows houses and does most of the other nitty-gritty tasks associated with selling real estate. An agent must have a state license and be supervised by a...

real estate broker

Definition from Nolo’s Plain-English Law DictionaryA real estate professional licensed to negotiate the purchase and sale of real estate for a commission or fee. One step up from a real estate agent, a broker has more training and can supervise agents.

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real estate investment trust (REIT)

Definition from Nolo’s Plain-English Law DictionaryA business that invests in real estate. Investors buy shares in a REIT to invest in real estate in much the same way as they might buy shares in a mutual fund to invest in stocks. A REIT is set up to...

Real estate transactions

real estate transactions: an overview

Real estate transactions are governed by a wide body of federal statutes and a combination of state statutes and common law. The requirements established by state law often differ significantly from one state to the...

Real property

real property (land law): an overview

Property signifies dominion or right of use, control, and disposition which one may lawfully exercise over things, objects, or land. One of the basic dividing lines between property is that between real...

Realtor

Definition from Nolo’s Plain-English Law Dictionary

Definition provided by Nolo’s Plain-English Law Dictionary.

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