Common grounds and common areas within the complex are owned and shared jointly. In North America, there are townhouse or rowhouse style condominiums as well. Terraced house (a.k.a. townhouse or rowhouse) – A number of single or multi-unit buildings in a continuous row with shared walls and no intervening space. Multi-family house – Often seen in multi-story detached buildings, where each floor is a separate apartment or unit. The stock market crash of 1929 and the Great Depression in the U.S. caused a major drop in real estate worth and prices and ultimately resulted in depreciation of 50% for the four years after 1929.
- Continuing Education Meet the continuing education requirement in state where you hold a license.
- Get information on what is taxed as real estate property and annual tax bills.
- Governing DocumentsCode of Ethics, NAR’s Constitution & Bylaws, and model bylaws for state & local associations.
- Land refers