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Real Estate Terms Glossary
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Random Real Estate License Terms
Eviction
 
Dispossession by legal process as in the termination of a tenant's right to possession through re-entry or other legal proceedings.
   
Principal
 
The employer of an agent. Someone who hires an agent to act on his behalf. The term also refers to the amount of an outstanding loan (exclusive of interest).
   
Adverse Possession
 
A method of acquiring property based on open and notorious possession under a claim of right color of title continuous use for five years and the payment of taxes. A method of acquiring property through continuous use of that property while paying taxes on it.
   

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