Real Estate Glossary
Browse the glossary using this index
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future interestA person's present right to an interest in real property that will not result in possession or enjoyment until some time in the future, such as a reversion or right or re-entry. | |
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general agentis authorized to act only in a specific trade or business for the principal. Examples of general agencies:
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general lienThe right of a creditor to have all of a debtor's property-both real and personal-sold to satisfy a debt. | |
General partnershipA partnership that involves two or more individuals who share ownership and management of the business.
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Georgia Miltia DistrictUsed to define a property description in some areas of Georgia. | ||
Georgia Real Estate Commissionthe Georgia Real Estate Commission's role is to regulate the real estate brokerage industry through licensing of practitioners with a goal of protecting the public interest. | |
Ginnie Mae(Government National Mortgage Association) a government agency that guarantees mortgage backed securites using FHA and VA loans as collateral in the secondary mortgage market. | |
GLA adjustmentreflect the market’s behavior of paying less per unit with increases in size. GLA adjustments may be obtained by paired sales analysis or by graphing the cost per square foot against the size of the house. When using paired sales analysis it is necessary to perform analysis for each variation in GLA between the subject and comparables. Graphing permits a broader application of calculating any variation in GLA in that price and quality range of housing. | ||
Good-Faith Estimate (GFE) | |