by Ethan Atkinson | Feb 6, 2026 | P-T, PropertyPedia
In real estate appraisal, the principle of progression states that the value of a lesser valued property tends to increase when it is located among or near higher valued properties. The surrounding properties exert a positive influence on the lower valued residence....
by Ethan Atkinson | Feb 6, 2026 | P-T, PropertyPedia
In real estate brokerage, procuring cause refers to the actions of a broker or agent that initiate an unbroken chain of events leading to the successful sale of a property. It is the cause that produces a ready, willing, and able buyer who agrees to the seller’s price...
by Ethan Atkinson | Feb 6, 2026 | P-T, PropertyPedia
In real estate law, priority of lien refers to the ranking or order in which multiple liens against the same property are given legal precedence. This order determines which lienholders have superior rights to the property or its proceeds. Priority is usually...
by Ethan Atkinson | Feb 6, 2026 | P-T, PropertyPedia
In real estate law, a prior lien is a lien that has priority over other liens against the same property. It is considered senior or superior in rank, meaning it has the first claim on the property or its proceeds. The priority of a lien is typically determined by the...
by Ethan Atkinson | Feb 6, 2026 | P-T, PropertyPedia
In real estate and agency law, the term principal has multiple meanings depending on context. One meaning refers to the person who grants authority to an agent or attorney to act on the person’s behalf. In real estate finance, principal also refers to the amount of a...
