ARCHITECTURE
artofinequality_150917_web
artofinequality_150917_web
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dictionary of real estate<br />
terms<br />
glossary of commercial<br />
real estate<br />
dictionary of architecture<br />
and construction<br />
the dictionary of urbanism<br />
Real Estate<br />
1. In Law, land, and everything<br />
more or less attached to it. Ownership<br />
below to the center of the<br />
earth and above to the heavens.<br />
Distinguished from personal<br />
property. Same as realty.<br />
2. In Business, the activities<br />
concerned with ownership and<br />
use transfers of the physical<br />
property. Ex. The following are<br />
engaged in real estate business<br />
activities: accountants, appraisers,<br />
attorneys, etc.<br />
Real Estate<br />
Real Estate Fluctuations: Shortterm<br />
variations in real estate<br />
prices or rents (usually lasting<br />
anywhere from one day to a few<br />
months), caused by natural hazards<br />
(such as tornadoes,<br />
hurricanes, floods, earthquakes,<br />
and wildfires), or boosts or<br />
shocks to the local economy<br />
(such as the entry or exit of<br />
major employers).<br />
Real estate trends: Long-term<br />
movements or tendencies in<br />
the demand for commercial real<br />
estate (which can typically last<br />
for years or decades), usually<br />
tied to macroeconomic or business<br />
cycles.<br />
Real Estate<br />
Property in the form of land and<br />
all its appurtenances, such as<br />
buildings erected on it.<br />
Real Estate<br />
Immovable property such as<br />
land, buildings, ownership<br />
rights, businesses and leaseholds.<br />
Return<br />
Return of Investment: Portion of<br />
the receipts from an investment<br />
that represents recovery of the<br />
amount invested.<br />
Return<br />
Rate of Return: The percentage<br />
return on each dollar invested.<br />
Also known as yield.<br />
Return<br />
The continuation of a molding,<br />
projection, member, or cornice,<br />
or the like, in a different direction,<br />
usually at a right angle. For<br />
example, see cornice return.<br />
Return<br />
Risk<br />
1. Uncertainty or variability.<br />
The possibility that returns from<br />
an investment will be greater<br />
or less than forecast. Diversification<br />
of investments provides<br />
some protection against risk.<br />
2. The possibility of a loss. Insurance<br />
can offer protection against<br />
certain risks.<br />
Risk<br />
The probability that actual<br />
cash flows from an investment<br />
will vary from the forecasted<br />
cash flows.<br />
Risk<br />
Risk Management: In the building<br />
industry, the systemized<br />
practice of avoiding potential<br />
risks, such as culpability and<br />
liability or legal entanglements.<br />
Risk<br />
1. The possibility of an undesired<br />
outcome.<br />
2. The possibility of an unexpected<br />
outcome. Where this<br />
second definition is being used<br />
(as in the world of property development),<br />
the possibility of an<br />
undesired outcome is referred<br />
to as “downside risk.”<br />
Risk-Free Rate: The interest<br />
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