Home > Industry/Domain > Real estate

Real estate

Of or pertaining to property of land and the buildings on it. This also includes any minerals, crops, or any other natural resource. The business of real estate is the buying, selling, or renting property.

6Categories 16551Terms

Add a new term

Contributors in Real estate

Real estate > Contracts

actual authority

Law; Contracts

Specific powers granted by a principal to an agent in oral or written agency contracts. See also apparent authority.

actual cost of work performed contract

Law; Contracts

Contract based on costs actually incurred, and recorded, in performing work during a stated period.

ad referendum

Law; Contracts

Term used in contracts to indicate that although material points have been agreed upon, some minor points remain to be decided. Latin for, to be considered.

addendum

Law; Contracts

Document or information attached or added to clarify, modify, or support the information in the original document or written work. In construction industry, for example, an ...

additional services

Law; Contracts

Services rendered in excess of those required or designated in a contract.

additive alternate bid

Law; Contracts

Bid that states an amount which must be added to the quoted price if a specified change in the scope of work is accepted by the owner of the project.

approved brand or equivalent specification

Law; Contracts

In supply contracts, a bid specification calling for a certain brand and model of an item that meets the required quality and performance standards. This type of specification may ...