| Real Estate
Glossary and Terminology
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(H)
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HIGHEST AND BEST USE PRINCIPLE OF
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The use which will bring the optimum or
highest returns or advantage as a of a certain time. |
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HOLD-OVER-CLAUSE |
A provision in listing agreement which
entitles the broker to commission even when he closed the sale
after the period of the authority provided that the buyer was
registered by him with the seller and with whom he has
negotiated during the period of his authority. |
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HYPOTHECATE |
To give a thing as security without the
necessity of giving up possession of it. |
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