by Ethan Atkinson | Jan 21, 2026 | A-E, PropertyPedia, Real Estate
In legal and real estate contexts, competent refers to an individual who is legally qualified and capable of performing a particular act or entering into a binding agreement. Competency generally requires that a person have the legal capacity to understand the nature...
by Ethan Atkinson | Jan 21, 2026 | A-E, PropertyPedia, Real Estate
In real estate, a comparative market analysis (CMA) is the process of evaluating a property’s market value by comparing it to similar properties that have recently sold, are currently listed, or failed to sell in the same area. Note that a CMA is not an appraisal, and...
by Ethan Atkinson | Jan 21, 2026 | A-E, PropertyPedia, Real Estate
In real estate appraisal and valuation, comparables, often called comparable sales, are properties with similar characteristics that have recently sold and are used to help determine the market value of a specific property. Comparables are selected based on factors...
by Ethan Atkinson | Jan 21, 2026 | A-E, PropertyPedia, Real Estate
In real estate and marital property law, community property refers to property acquired by either spouse, or both spouses together, during the course of a marriage, except for property that qualifies as separate property. Each spouse holds an equal, undivided...
by Ethan Atkinson | Jan 21, 2026 | A-E, PropertyPedia, Real Estate
Common law is the body of law that originated in England and developed over time through judicial decisions based on customs, traditions, and court rulings rather than through written statutes alone. It evolved from long-standing practices used by English courts to...
