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Real Estate Glossary of Terms
Looking for the definition of a real estate
term? Click on a letter of the alphabet below to go to that letter's
corresponding page of terms.
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QUALIFIED FEE - An estate in fee
which is subject to certain limitations imposed by the owner.
QUANTITY SURVEY - A method of
estimating construction cost or reproduction cost; a highly technical
process used in arriving at the cost estimate of new construction and
sometimes referred to in the building trade as the price take-off method.
QUIET
ENJOYMENT - The right of a new
owner or a lessee who is legally in possession of real estate to
uninterrupted use of the property without interference from the former
owner, lessor or any third party claiming superior title.
QUIET
TITLE ACTION - A circuit court action intended to establish or settle the title to a
particular property, especially where there is a cloud on the title.
QUITCLAIM DEED - A deed of
conveyance which operates, in effect, as a release of whatever interest the
grantor has in the property; sometimes called a release deed.
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