What does active ns mean in real estate

Real estate agent. A real estate agent is licensed to negotiate and coordinate the buying and selling of real estate transactions. Most real estate agents must work for a realtor or broker with additional training and certification. Real estate owned. Real estate owned (REO) refers to property owned by a bank, government agency, or other lender. There is a huge amount of vocabulary that is used by the real estate industry, and many terms are often abbreviated in day to day discussions, on contracts and agreements, and by real estate agents. This directory was designed to help you find out what all those real estate abbreviations really mean. Active Adults (Age 55+) Affordable Housing Condo Living Country Home / Acreage Living Education Foreclosures & Investments General Green Living Highrise & Condo Highrise Living Historic District Home Appraisals Home Builders Home Buying Home Improvements & Repair Home Inspections Home Marketing Home Remodeling Home Safety Home Selling Home Values & Recent Sales Home Warranty Homeowners Insurance Housing Market Houston Living International Real Estate Luxury Homes Master Planned Communities

These descriptions let the general public and real estate brokers know where the house is in the selling process. An active status typically gives the green light to agents and buyers that the home is still available for sale. Deed Abbreviation and Descriptions. Some of the more commonly used vesting deed abbreviations used in real estate language. Find abbreviation and their descriptions also used for this terminology below: JT – Joint Tenancy NS – No Status LE – Life Estate TE – Tenants In The Entirety In my opinion the status ACTIVE means that the property was formally listed for sale with a real estate company and the contract between the agency and the owner is well and alive. Active – Valid listing contract exists and no offer has been accepted. Pending with release, continue to show (PR) or (Pend w/Rls) – Accepted offer on the property, and a release, “escape” or “kick-out” clause exists in a purchase contract that allows one party to withdraw under certain circumstances. Passive: Income from Rentals. Real estate investments generally are considered passive income – unlike income from a job, which is considered active – because revenue is generated from the money you invested rather than from the work that you do. You have to pay taxes on your income regardless of whether it's active or passive. Active Participation. In addition to owning at least 10 percent of the rental property to meet the active participation test, you must have actively participated in the property's management, specifically in management decisions. Real estate usually refers to the physical tangible property, while real property is the more all encompassing term that includes both real estate and rights of ownership. Property condition disclosure statement - During the past several years, various jurisdictions throughout North America have introduced property disclosure forms.

These descriptions let the general public and real estate brokers know where the house is in the selling process. An active status typically gives the green light to agents and buyers that the home is still available for sale.

Your real estate agent can help you interpret the various types of active statuses in your market, but to get started, here are some definitions of the most common active statuses: Active Contingent: If you see a property with an “active contingent” status, it means that the seller has received an offer from a potential buyer, but there are conditions that the buyer must meet before the sale may be finalized. These descriptions let the general public and real estate brokers know where the house is in the selling process. An active status typically gives the green light to agents and buyers that the home is still available for sale. Deed Abbreviation and Descriptions. Some of the more commonly used vesting deed abbreviations used in real estate language. Find abbreviation and their descriptions also used for this terminology below: JT – Joint Tenancy NS – No Status LE – Life Estate TE – Tenants In The Entirety In my opinion the status ACTIVE means that the property was formally listed for sale with a real estate company and the contract between the agency and the owner is well and alive. Active – Valid listing contract exists and no offer has been accepted. Pending with release, continue to show (PR) or (Pend w/Rls) – Accepted offer on the property, and a release, “escape” or “kick-out” clause exists in a purchase contract that allows one party to withdraw under certain circumstances.

Definition of Active. An "Active" status means that a home is currently available for sale. There are several types of active statuses, and their usage and definitions can vary by market. Talk to a real estate agent if you're interested in an active listing, or learn more about what an active status means.

13 Mar 2017 Common real estate listing terms: Active. This means that a property is currently on the market and available for sale. It may have received 

Find abbreviation and their descriptions also used for this terminology below: JT – Joint Tenancy NS – No Status LE – Life Estate TE – Tenants In The Entirety RS – Community Property With Rights of Survivorship Multiple vesting codes used when there is more than one type of vesting on a property.

Find abbreviation and their descriptions also used for this terminology below: JT – Joint Tenancy NS – No Status LE – Life Estate TE – Tenants In The Entirety RS – Community Property With Rights of Survivorship Multiple vesting codes used when there is more than one type of vesting on a property. “'Active with a backup offer' could mean the seller accepted an offer but doesn't feel sure that the buyer is a strong candidate, so they want backups in case the first offer falls through

Definition of Active. An "Active" status means that a home is currently available for sale. There are several types of active statuses, and their usage and definitions can vary by market. Talk to a real estate agent if you're interested in an active listing, or learn more about what an active status means.

Active Participation. In addition to owning at least 10 percent of the rental property to meet the active participation test, you must have actively participated in the property's management, specifically in management decisions.

Deed Abbreviation and Descriptions. Some of the more commonly used vesting deed abbreviations used in real estate language. Find abbreviation and their descriptions also used for this terminology below: JT – Joint Tenancy NS – No Status LE – Life Estate TE – Tenants In The Entirety In my opinion the status ACTIVE means that the property was formally listed for sale with a real estate company and the contract between the agency and the owner is well and alive. Active – Valid listing contract exists and no offer has been accepted. Pending with release, continue to show (PR) or (Pend w/Rls) – Accepted offer on the property, and a release, “escape” or “kick-out” clause exists in a purchase contract that allows one party to withdraw under certain circumstances. Passive: Income from Rentals. Real estate investments generally are considered passive income – unlike income from a job, which is considered active – because revenue is generated from the money you invested rather than from the work that you do. You have to pay taxes on your income regardless of whether it's active or passive.