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Eminent domain
Government steps in and takes land.
Deed
The big document that transfers title of land.
Real estate commission
Refers to realtors, agents, and brokers.
Power of attorney
allows wife to sign on behalf of someone.
Notary republic
Requires in-person signing.
Inter vivos
Trust that operates while the person is alive.
Fee simple
Ownership rights that extend up to the moon and down into the earth.
Chattel
Personal property or things that you own.
Acre
43,560 square feet of land.
Joint tenancy with the right of survivorship
Ownership arrangement where property goes to surviving co-owners.
Recorder's office
Where all building records must be recorded.
Valuable consideration
Price, value, and money involved in a transaction.
Earnest Money
Good faith money, showing agreement between buyer and seller.
Liquidating
Another term for earnest money.
Option contract
Agreement that allows one party (the buyer) to walk away.
Real estate license
Not required for everyone in the industry.
As is
Sale condition meaning no changes will be made.
Community property
Property owned by married couples.
Chain of title
Record of everyone who has ever owned a property.
Real estate contract
Must be signed to be valid.
Seisin
Ownership or the right to the title.
Bundle of rights
Includes air rights, surface rights, subsurface rights.
Accretion
Land gradually added to a parcel through water action or settled land.
Note 
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