In good faith, without fraud.

Written permission from the relevant government agency for the construction or renovation of a building.

The increase in value of a real estate asset over time.

Any structure erected as a permanent improvement to real estate increasing the value and extending its useful life.

Personal property such as household fixtures.

An individual who employs a broker.

The transfer of the certificate of title from one individual to another.

Down payment made by purchaser in evidence of good faith prior to signing of agreement for sale.

A right registered on title which may be exercised by the public on, over or through the lands of others.

The value which an owner has in real estate after taking into account the liens against it.