REA-FC11 2025

Imaginary lines used by surveyors to find and describe the location and boundaries of a real property.

• Base And Meridian

• Latitude and Longitude

• Equator and Prime Meridian

• Surveyor's Lines

One of a set of imaginary lines running east and west and crossing a principal meridian at a definite point.

• Base line

• Equator

• Prime Meridian

• Tropic of Cancer

The process of entering new listings or changes to a current listing in the multiple listing services.

• Inputting

• Listing

• Updating

• Cataloging

The price which a willing seller will sell and a willing buyer will buy, neither being under abnormal pressure.

• Fair Market Value

• Market Price

• Intrinsic Value

• Book Value

A sudden tearing away of land by the action of natural forces.

• Erosion

• Avulsion

• Sedimentation

• Deposition

The borrower decides to delay locking their interest rate on their loan.

• Interest rate float

• Fixed interest rate

• Variable interest rate

• Interest rate cap

A permanent reference mark or point established for use by surveyors when measuring differences in elevation.

• Benchmark

• Reference Point

• Elevation Marker

• Survey Point

A determinable fee estate that may be inherited.

• Base fee

• Life estate

• Fee simple absolute

• Leasehold estate

All land and buildings used or suited for use in the production, storage, or distribution of tangible goods.

• Commercial property

• Industrial property

• Residential property

• Agricultural property

A form of property ownership where the owner has the right to use and dispose of property at will.

• Fee simple

• Leasehold

• Life estate

• Tenancy in common