by Ethan Atkinson | Feb 7, 2026 | P-T, PropertyPedia
In real estate, raw land refers to land in its natural, undeveloped state. It has not been subdivided into lots and lacks improvements such as streets, utilities, buildings, or other infrastructure. Raw land is often held for future development or investment and may...
by Ethan Atkinson | Feb 7, 2026 | P-T, PropertyPedia
In real estate and agency law, ratification is the approval or adoption of an act that was performed on behalf of a person without prior authorization. It occurs when a principal accepts or affirms the actions of an agent after the acts have already been completed....
by Ethan Atkinson | Feb 7, 2026 | P-T, PropertyPedia
In real estate investment analysis, the rate of return is the annual percentage earned on an income producing property. It represents the return on the amount invested, based on the property’s financial performance. The rate of return is used by investors to evaluate...
by Ethan Atkinson | Feb 7, 2026 | P-T, PropertyPedia
In real estate finance, a rate index is a published benchmark used to adjust the interest rate of an adjustable rate mortgage. The index reflects general market interest rate conditions and fluctuates over time. Common rate indexes include treasury securities,...
by Ethan Atkinson | Feb 7, 2026 | P-T, PropertyPedia
In real estate and land surveying, range lines are north south survey lines established under the government, or rectangular, survey system. They are spaced at six mile intervals, beginning at the principal meridian. Range lines form the east and west boundaries of...
by Ethan Atkinson | Feb 7, 2026 | P-T, PropertyPedia
In real estate and land surveying, a range is a unit of land measurement used in the government, or rectangular, survey system. It consists of a row of townships that is six miles wide and runs in a north and south direction. Ranges are used as part of legal land...
