Bona Fide Purchaser
Definition of "Bona fide purchaser"
Buyer who is acting in good faith, is not aware of any outstanding claims or rights of others to the property, and has given valuable consideration as part of the business transaction.
Popular Real Estate Terms
series of rows. townships moving as a row from east to west. It covers a 6-miles area in width. The term is employed under the rectangular survey method. ...
In real estate, the term "preamble" refers to an introductory statement that outlines the fundamental principles and goals guiding the industry's practices. Specifically, in the National ...
An increase in the income tax basis of a property that is a result of a tax-free exchange. As a result of an inheritance, for example, the basis of the inherited property was stepped up to ...
Latitude line selected as a reference in the rectangular survey system. ...
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report containing financial information about a business or individual. The required financial statements for a real estate company are balance sheet, income statement, and statement of ...
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