Term used for a younger (generally less than 120 years old) ponderosa pine that displays black colored bark

A mortgage which is secured by several structures or a number of lots. A blanket mortgage is often used to finance proposed subdivisions or development projects, especially cooperatives.

Any region of a city or town that has fallen into disrepair or otherwise has become undesirable.

A one-, two-, or three-digit number used to describe a block (or piece) of land within a . For example, Block 6 in Township 5 North, Range 12 West.

Definition: One who engages in the illegal practice of blockbusting, or attempting to profit by telling homeowners that "undesirable" people - those of a different race, religion, etc. - moving into a neighborhood will lower home values or create other negative conditions. A blockbuster hopes to intimidate homeowners into selling their homes to the blockbuster at reduced prices, so that he or she may then resell those homes at profit.

Example: A real estate investor spreads rumors in a predominantly Asian neighborhood that a Latino family is considering purchasing a home there, which will bring undesirable elements and lower nearby property values. The investor hopes that people in this area will sell their homes to him at a price that is less than market value because they are alarmed the arrival of the newcomers will result in even lower home values or other undesirable neighborhood conditions. Under the Federal Fair Housing Act, it is illegal even to suggest that changes will occur in a neighborhood because persons of a protected class have moved there or will move there.


Terms, Definitions, and Concepts: Real Estate, Legal, Management

Definition: The act of creating or causing panic among homeowners with the intent to make them sell their homes by stating or implying that persons of a protected class moving into the neighborhood will have negative results such as lowered home values or increased crime. Blockbusters attempt to profit from this tactic by purchasing the homes of panicked people at less than market value, then reselling those homes at a greatly increased price. Blockbusting is illegal according to the Federal Fair Housing Act (1968, 1974, 1988), which lists as protected classes race, skin color, national origin, religion, handicap status, familial status, and gender.
Same as Panic selling.

Example: A real estate investor spreads rumors in a predominantly Asian neighborhood that a Latino family is considering purchasing a home there, which will bring undesirable elements and lower nearby property values. The investor hopes that people in this area will sell their homes to him at a price that is less than market value because they are alarmed the arrival of the newcomers will result in even lower home values or other undesirable neighborhood conditions. Under the Federal Fair Housing Act, it is illegal even to suggest that changes will occur in a neighborhood because persons of a protected class have moved there or will move there.


Terms, Definitions, and Concepts: Real Estate, Legal, Management

State securities laws designed to protect the public from fraudulent practices in the promotion and sale of securities, e.g., through limited partnerships, syndications, bonds

steep, high bank or cliff

Singular: Board foot; Plural: Board feet
A board foot is a lumber measurement equal to a board or plank of wood 1 inch thick and 12 inches on each side. The formula for calculating board feet of sawed lumber is bd ft = thickness(in) x width(in) x length(ft)/12. For example, a board that is 1 inch thick, 12 inches wide, and 10 feet long contains 10 board feet of lumber(1x12x10/12=10).
Also known as "Board feet of lumber".

The unit of measurement for an estimate of the volume of lumber in logs or standing trees using a log rule.

1. A board foot is a lumber measurement equal to a board or plank of wood 1 inch thick and 12 inches on each side. The formula for calculating board feet of sawed lumber is bd ft = thickness(in) x width(in) x length(ft)/12. 2. One (1) board foot equals 1 inch x 12 inches x 12 inches. One (1) board foot equals 1 inch (thick) x 12 inches (width) x 1 foot (length). One (1) board foot equals 144 cubic inches.

1. Very wet, spongy ground not able to support much weight, usually made up of decaying plants 2. a small marsh

The trunk of a tree.

Any genuine offer, made without intent to defraud or deceive.

Method for scoring trophy game animals according to the Boone and Crockett Club, which maintains records of and provides guidelines for the scoring of bear; cougar and jaguar; walrus; typical and atypical (non-typical) American elk; Roosevelt's and Tule elk; typical and atypical blacktail, whitetail, and mule deer; moose; caribou; pronghorn; bison; muskox; Rocky Mountain goat; and sheep.

Hunting and conservation organization founded at the turn of the 20th century by Theodore Roosevelt, Gifford Pinchot (first chief of the U.S. Forest Service), and other early American conservationists to promote the causes of responsible wildland and wildlife management, as well as a common-sense approach to conservation of vital natural resources.

Money or other property given to make up any difference in value or equity between two exchanged properties

The perimeters or limits of a parcel of land as fixed by legal description which is usually a metes and bounds description

Bounds refers to definite boundary markers such as natural landmarks. Natural landmarks may often consist of such things as a specific tree or stream. Part of an old system of measuring land and establishing boundaries, commonly referred to as Metes and Bounds.

Turkish name for Tenedos, a small island in the Aegean Sea (approximately 15 square miles), near the Dardanelles and off the coast of Turkey.

A small creek or stream emptying into a larger stream

Violation of any of the terms or conditions of a contract without legal excuse; default, non-performance, such as failure to make payment when due

A marked change in topography such as a fault or deep valley.

A wall or barrier built in water near the shore to break the force of waves and provide shelter for boats and ships

A structure built over a stream, railroad, chasm or narrow valley to provide a way across