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Torrens system
Torrens system A method of evidencing title by registration with the proper public authority, generally called the registrar, named for its founder, Sir Robert Torrens, an Australian who developed the system in 1857. Torrens took the idea from the system of registering title to shipping vessels. It is also popular in Canada, Australia and Great Britain.
RELATED TERMS--------------------------------------
Title
1) The rights of ownership and possession of particular property. 2) In real estate usage, title may refer to the instruments or documents by which a right of ownership is established (title documents), or it may refer to the ownership interest one has in the real estate.
Registration
Notifying the owner that you have shown the property to a prospect in order to establish your claim to a commission.
SIMILAR TERMS--------------------------------------
Torrance property
Property in Torrance, USA. Apartments, flats, houses, offices and other property in Torrance.
Torre del Greco property
Property in Torre del Greco, Italy. Apartments, flats, houses, offices and other property in Torre del Greco.
Torreon property
Property in Torreon, Mexico. Apartments, flats, houses, offices and other property in Torreon.
PREVIOUS AND NEXT TERMS--------------------------------------
Title theory
Some states interpret a mortgage to mean that the lender is the owner of mortgaged land. Upon full payment of the mortgage debt the borrower becomes the landowner.
Title v examination
A test put together by the state EPA that must be performed on all private sewerage systems.
Title, escrow and closing agent fees
These companies charge various fees for their services.
Top producer
A real state industry term that refers to agents and brokers who sell a high volume of homes.
Top soil
The top layer of soil that is removed when lots are graded in preparation for construction.
Torrens system
Tort
A wrongful act or violation of a legal right for which a civil action will lie.
Total acres
All land area contained within a real estate investment.
Total assets
The sum of all gross investments, cash and equivalents, receivables, and other assets presented on the balance sheet.
Total commitment
The full mortgage loan amount that is obligated to be funded if all stated conditions are met.
Total expense ratio
The percentage of monthly debt payments compared to total before-tax income.
This dictionary contains 6433 terms. |
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