Academy Appraisal

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(n.) The act or process of developing an opinion of value; an opinion of value. (adj.) Of or pertaining to appraising and related functions such as appraisal practice or appraisal services. (USPAP, 2002 ed.) See also complete appraisal; limited appraisal.


An interest in real property that conveys use, but not ownership, of a portion of an owner's property. Access or right of way easements may be acquired by private parties or public utilities. Governments dedicate conservation, open space, and preservation easements.

Eminent Domain

The right of government to take private property for public use upon the payment of just compensation. The Fifth Amendment of the U.S. Constitution, also known as the takings clause, guarantees payment of just compensation upon appropriation of private property.

Federal Housing Administration (FHA)-insured loans

Insured mortgages from private lending institutions designed to provide home ownership and rental opportunities for American families. The interest rates on these loans are set by the FHA.




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