1. please VET put it into your own words as if you are creating your own version of a glossary of real estate terms.
2. CAL-VET PROGRAM
3. CC&Rs
4. CCIM
5. CPM
6. CAPACITY
7. CAPITAL ASSETS
8. CAPITALIZATION
9. CAPITALIZATION RATE
10. CAP RATE -
11. CARRYBACK LOAN
12. CASEMENT WINDOWS
13. CASH FLOW
14. CAVEAT EMPTOR
15. CERTIFICATE OF ELIGIBILITY
16. CERTIFICATE OF REASONABLE VALUE (CRV)
17. CERTIFICATE OF TAXES DUE
18. CERTIFICATE OF TITLE
19. CHAIN
20. CHAIN OF TITLE


21. PROGRAM A program administered by the State Department of Veterans Affairs for the direct financing of farm and home purchases by eligible California veterans of the armed forces.
22. CC&Rs Covenants, conditions and restrictions. The basic rules establishing the rights and obligations of owners (and their successors in interest) of real property within a subdivision or other tract of land in relation to other owners within the same subdivision or tract and in relation to an association of owners organized for the purpose of operating and maintaining property commonly owned by the individual owners.
23. CCIM Certified Commercial Investment Member.
24. CPM Certified Property
25. CAL-VET PROGRAM A program administered by the State Department of Veterans Affairs for the direct financing of farm and home purchases by eligible California veterans of the armed forces.
26. CC&Rs Covenants, conditions and restrictions. The basic rules establishing the rights and obligations of owners (and their successors in interest) of real property within a subdivision or other tract of land in relation to other owners within the same subdivision or tract and in relation to an association of owners organized for the purpose of operating and maintaining property commonly owned by the individual owners.
27. CCIM Certified Commercial Investment Member.
28. CPM Certified Property Manager, a designation of the Institute of Real Estate Management.
29. CAPACITY The legal ability to perform some act, such as enter into a contract or execute a deed or will.
30. CAPITAL ASSETS Assets of a permanent nature used in the production of an income, such as land, buildings, machinery and equipment, etc. Under income tax law, it is usually distinguishable from inventory which comprises assets held for sale to customers in ordinary course of the taxpayers trade or business.
31. CAPITAL GAIN At resale of a capital item, the amount by which the net sale proceeds exceed the adjusted cost basis (book value). Used for income tax computations. Gains are called short or long term based upon length of holding period after acquisition. Usually taxed at lower rates than ordinary income.
32. CAPITALIZATION In appraising, determining value of property by considering net income and percentage of reasonable return on the investment. The value of an income property is determined by dividing annual net income by the Capitalization Rate.
33. CAPITALIZATION RATE The rate of interest which is considered a reasonable return on the investment, and used in the process of determining value based upon net income. It may also be described as the yield rate that is necessary to attract the money of the average investor to a particular kind of investment. In the case of land improvements which depreciate, to this yield rate is added a factor to take into consideration the annual amortization factor necessary to recapture the initial investment in improvements. This amortization factor can be determined in various ways (1) straight-line depreciation method, (2) Inwood Tables and (3) Hoskold Tables. (To explore this subject in greater depth, the student should refer to current real estate appraisal texts.)
34. CAP RATE See LIFE OF LOAN CAP.
35. CARRYBACK LOAN The extension of credit from the seller to the buyer to finance the purchase of the property, accepting a deed of trust or mortgage instead of cash. Sometimes called a purchase money loan.
36. CASEMENT WINDOWS Frames of wood or metal which swing outward.
37. CASH FLOW The net income generated by a property before depreciation and other noncash expenses.
38. CAVEAT EMPTOR Let the buyer beware. The buyer must examine the goods or property and buy at his or her own risk, absent misrepresentation.
39. CERTIFICATE OF ELIGIBILITY Issued by Department of Veterans Affairs - evidence of individuals eligibility to obtain VA loan.
40. CERTIFICATE OF REASONABLE VALUE (CRV) The Federal VA appraisal commitment of property value.
41. CERTIFICATE OF TAXES DUE A written statement or guaranty of the condition of the taxes on a certain property made by the County Treasurer of the county wherein the property is located. Any loss resulting to any person from an error in a tax certificate shall be paid by the county which such treasurer represents.
42. CERTIFICATE OF TITLE A written opinion by an attorney that ownership of the particular parcel of land is as stated in the certificate.
43. CHAIN A unit of measurement used by surveyors. A chain consists of 100 links equal to 66 feet.
44. CHAIN OF TITLE A history of conveyances and encumbrances affecting the title from the time the original patent was granted, or as far back as records are available, used to determine how title came to be vested in current owner. Manager, a designation of the Institute of Real Estate Management.
45. CAPACITY The legal ability to perform some act, such as enter into a contract or execute a deed or will.
46. CAPITAL ASSETS Assets of a permanent nature used in the production of an income, such as land, buildings, machinery and equipment, etc. Under income tax law, it is usually distinguishable from inventory which comprises assets held for sale to customers in ordinary course of the taxpayers trade or business.
47. CAPITAL GAIN At resale of a capital item, the amount by which the net sale proceeds exceed the adjusted cost basis (book value). Used for income tax computations. Gains are called short or long term based upon length of holding period after acquisition. Usually taxed at lower rates than ordinary income.
48. CAPITALIZATION In appraising, determining value of property by considering net income and percentage of reasonable return on the investment. The value of an income property is determined by dividing annual net income by the Capitalization Rate.
49. CAPITALIZATION RATE The rate of interest which is considered a reasonable return on the investment, and used in the process of determining value based upon net income. It may also be described as the yield rate that is necessary to attract the money of the average investor to a particular kind of investment. In the case of land improvements which depreciate, to this yield rate is added a factor to take into consideration the annual amortization factor necessary to recapture the initial investment in improvements. This amortization factor can be determined in various ways (1) straight-line depreciation method, (2) Inwood Tables and (3) Hoskold Tables. (To explore this subject in greater depth, the student should refer to current real estate appraisal texts.)
50. CAP RATE See LIFE OF LOAN CAP.
51. CARRYBACK LOAN The extension of credit from the seller to the buyer to finance the purchase of the property, accepting a deed of trust or mortgage instead of cash. Sometimes called a purchase money loan.
52. CASEMENT WINDOWS Frames of wood or metal which swing outward.
53. CASH FLOW The net income generated by a property before depreciation and other noncash expenses.
54. CAVEAT EMPTOR Let the buyer beware. The buyer must examine the goods or property and buy at his or her own risk, absent misrepresentation.
55. CERTIFICATE OF ELIGIBILITY Issued by Department of Veterans Affairs - evidence of individuals eligibility to obtain VA loan.
56. CERTIFICATE OF REASONABLE VALUE (CRV) The Federal VA appraisal commitment of property value.
57. CERTIFICATE OF TAXES DUE A written statement or guaranty of the condition of the taxes on a certain property made by the County Treasurer of the county wherein the property is located. Any loss resulting to any person from an error in a tax certificate shall be paid by the county which such treasurer represents.
58. CERTIFICATE OF TITLE A written opinion by an attorney that ownership of the particular parcel of land is as stated in the certificate.
59. CHAIN A unit of measurement used by surveyors. A chain consists of 100 links equal to 66 feet.
60. CHAIN OF TITLE A history of conveyances and encumbrances affecting the title from the time the original patent was granted, or as far back as records are available, used to determine how title came to be vested in current owner.