Terms Beginning with Letters P - R
Definitions of words or terms beginning with the letters P through R. Click the links to get complete definitions.
Per Se Offenses in Antitrust Actions for the Real Estate Business
A per se offense in the dissussion of federal antitrust statutes means a violation that so clearly negatively impacts free trade that is is deemed illegal and the plaintiff doesn't need to prove that it restrained trade, only that it happened. Some per se offenses applied to the real estate business include fixing commission rates, setting coop split percentages, boycotting competitors or setting listing durations.
A per se offense in the dissussion of federal antitrust statutes means a violation that so clearly negatively impacts free trade that is is deemed illegal and the plaintiff doesn't need to prove that it restrained trade, only that it happened. Some per se offenses applied to the real estate business include fixing commission rates, setting coop split percentages, boycotting competitors or setting listing durations.
PPC-Pay Per Click
Pay per click advertising is the payment to a web site for a visitor that comes from their marketing to your web site. Generally, you do not pay for the placement of your ad on a page, but only pay when a visitor actually clicks on it and goes to your web site.
Pay per click advertising is the payment to a web site for a visitor that comes from their marketing to your web site. Generally, you do not pay for the placement of your ad on a page, but only pay when a visitor actually clicks on it and goes to your web site.
Periodic Tenancy or Estate for Period to Period in Real Estate
Periodic tenancy, or estate from period to period, is one type of leasehold estate in real estate. There is no defined ending date for this type of lease, but usually a defined period of tenancy, such as month-to-month. Proper notice of termination must be given according to the agreement.
Periodic tenancy, or estate from period to period, is one type of leasehold estate in real estate. There is no defined ending date for this type of lease, but usually a defined period of tenancy, such as month-to-month. Proper notice of termination must be given according to the agreement.
Procuring Cause of a Sale in Real Estate
The legal definition of procuring cause would be "the cause that results in the attainment of a stated goal". In real estate it would take on the meaning of the real estate agent or broker who, by their actions in producing a buyer, brought about the sale of a property.
The legal definition of procuring cause would be "the cause that results in the attainment of a stated goal". In real estate it would take on the meaning of the real estate agent or broker who, by their actions in producing a buyer, brought about the sale of a property.
Rate Lock
Lenders will frequently give your buyer clients a set rate of interest that, until a certain date, is guaranteed not to rise. This is called an interest rate lock.
Lenders will frequently give your buyer clients a set rate of interest that, until a certain date, is guaranteed not to rise. This is called an interest rate lock.
Reciprocity
In real estate, license reciprocity is an agreement between states to issue licenses to applicants from other states with credit for their courses or license level to reduce requirements.
In real estate, license reciprocity is an agreement between states to issue licenses to applicants from other states with credit for their courses or license level to reduce requirements.
Referral Fees
Definition - Referral fees in real estate are fees charged by one agent or broker to another for a client referred. They are most common when a seller client is leaving the area and their agent refers them to an agent or broker in the new area to which they're moving. Generally this fee is a percentage of the final commission received by the agent who accepts the referral.
Definition - Referral fees in real estate are fees charged by one agent or broker to another for a client referred. They are most common when a seller client is leaving the area and their agent refers them to an agent or broker in the new area to which they're moving. Generally this fee is a percentage of the final commission received by the agent who accepts the referral.
Return on Equity in Real Estate Investing
Return on equity is the percentage of return on the investment you have in a property. It can be calculated only in the first year based solely on the cash invested, or it can be calculated in subsequent years based on the value of the property.
Return on equity is the percentage of return on the investment you have in a property. It can be calculated only in the first year based solely on the cash invested, or it can be calculated in subsequent years based on the value of the property.
Riparian Rights to Water Bounding Property
Riparian rights have to do with the rights of a property owner to water on or bounding their property.
Riparian rights have to do with the rights of a property owner to water on or bounding their property.
RSS - Really Simple Syndication
RSS, or really simple syndiction is a method of easily issuing alerts or feeds of new items published in a web log or on a web site. New blog posts and web items would be sent out automatically to those using news feed readers and subscribing to that feed.
RSS, or really simple syndiction is a method of easily issuing alerts or feeds of new items published in a web log or on a web site. New blog posts and web items would be sent out automatically to those using news feed readers and subscribing to that feed.