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==One Answer== At law, a "natural person" refers to a real human being, as distinguished from a corporation which is often treated at law as a fictitious person.

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17y ago

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What is another term for real estate?

Other words that can describe real estate are: land, real property, realty.


What is meant by the term immobilienfonds?

Immobilienfonds means real estate funds. This is a German word which several real estate and legal structures, which may be referred to as real estate funds.


What does real estate taxes mean?

The term "real estate taxes" means the taxes on the property that you own. Your real estate is the property itself. This tax is generally payed annually to your county.


Who is the principle in real estate?

Principal is a legal term. The principal is the person or entity who hires another(via contract) to perform a task on the principal's behalf. These people are called agents. Therefore: Homeowner= Principal hires the... Real estate "Agent"


Who should pay the realtor for their job?

The person who hired her. If you want to buy a house, hire a real estate agent and let her find one for you. If you want to sell a house, find a real estate agent and have her find a buyer. by the way, the term, 'Realtor' refers to a real estate agent who is a member of the National Realtors Association.


Would you capitalize 'real estate broker'?

No, the term "real estate broker" is not typically capitalized unless it is at the beginning of a sentence or part of a title.


What is the property etymology of the term "real estate"?

The term "real estate" comes from the Latin words "res" meaning "thing" and "status" meaning "standing." It refers to property consisting of land and buildings.


What are the benefits of investing in a mutual fund that focuses on real estate?

Investing in a real estate-focused mutual fund can provide diversification, potential for long-term growth, and professional management of real estate assets.


What does KP mean in real estate?

In real estate, "KP" typically stands for "Key Person." This term refers to an individual who plays a critical role in a transaction or project, such as a lead agent, broker, or manager, whose expertise and decision-making significantly influence the outcome. Understanding who the KP is can help in navigating the complexities of real estate deals and ensuring effective communication.


How long can a person with a life estate in a nursing long term keep the life estate?

As long as they are alive.


Which of these is a legal term that describes the property a person owns?

Ownership is the legal term that describes the property a person possesses.


What is a person that receives payment for property called?

A person who receives payment for property is typically referred to as a "landlord" if they own and rent out real estate, or a "seller" if they are selling the property. In the context of commercial transactions, they might also be called a "lessor" in a leasing agreement. In real estate transactions, the term "vendor" can be used for someone selling property.

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