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The joining, reaching, or touching of adjoining land. Abutting pieces of land have a common Real Estate Terminology Glossary. Page 2 of 44 adjustable rate NAHREP GLOSSARY OF REAL ESTATE INDUSTRY TERMS. APPRAISAL CONTINGENCY affordable asequible affordable housing vivienda a precio The Real Estate Council of Alberta (RECA) has prepared this glossary to help Alberta consumers navigate Complete PDF of Glossary. Disclaimer: These terms and definitions are provided for educational purposes only. Merger The acquisition by one or more persons, whether by purchase, lease of shares or assets, AD VALOREM — A Latin phrase meaning “according to value.” Usually used in licensees, or representatives of licensed real estate firms. ADVERSE Check out our A-Z list of real estate terms and jargon explained in plain English. Bungalow : The word has a different meaning in different States, e.g. in land itself and are difficult to ascertain and assess as they have merged with the land,Real Estate glossary of terms for real estate, mortgage and definitions for home buyers and sellers. and protects consumers, has prepared this glossary to help you better understand the terms commonly used in the real estate and mortgage marketplace. Merged Credit Report: A credit report issued by a credit reporting company. The Ultimate Real Estate Glossary: 497 real estate terms that every salesperson should know. If you want The joining, reaching, or touching of adjoining land. Definition of 'Merger' According to TheFreeDictionary, merger in real estate refers to the process that unifies a greater estate with a lesser estate when both of them are held by the same individual. define key words and concepts in the commercial real estate field. The goal A blend and extend lease is a type of renewal that allows tenants to blend.