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Real Estate? Primer

Real \Re"al\ (r[=e]"al), a. [LL. realis, fr. L. res, rei, a
   thing: cf. F. r['e]el. Cf. Rebus.]
   1. Actually being or existing; not fictitious or imaginary;
      as, a description of real life.
      [1913 Webster]

            Whereat I waked, and found
            Before mine eyes all real, as the dream
            Had lively shadowed.                  --Milton.
      [1913 Webster]

   2. True; genuine; not artificial, counterfeit, or factitious;
      often opposed to ostensible; as, the real reason; real
      Madeira wine; real ginger.
      [1913 Webster]

            Whose perfection far excelled
            Hers in all real dignity.             --Milton.
      [1913 Webster]

   3. Relating to things, not to persons. [Obs.]
      [1913 Webster]

            Many are perfect in men's humors that are not
            greatly capable of the real part of business.
                                                  --Bacon.
      [1913 Webster]

   4. (Alg.) Having an assignable arithmetical or numerical
      value or meaning; not imaginary.
      [1913 Webster]

   5. (Law) Pertaining to things fixed, permanent, or immovable,
      as to lands and tenements; as, real property, in
      distinction from personal or movable property.
      [1913 Webster]

   Chattels real (Law), such chattels as are annexed to, or
      savor of, the realty, as terms for years of land. See
      Chattel.

   Real action (Law), an action for the recovery of real
      property.

   Real assets (Law), lands or real estate in the hands of the
      heir, chargeable with the debts of the ancestor.

   Real composition (Eccl. Law), an agreement made between the
      owner of lands and the parson or vicar, with consent of
      the ordinary, that such lands shall be discharged from
      payment of tithes, in consequence of other land or
      recompense given to the parson in lieu and satisfaction
      thereof. --Blackstone.

   Real estate or Real property, lands, tenements, and
      hereditaments; freehold interests in landed property;
      property in houses and land. --Kent. --Burrill.

   Real presence (R. C. Ch.), the actual presence of the body
      and blood of Christ in the eucharist, or the conversion of
      the substance of the bread and wine into the real body and
      blood of Christ; transubstantiation. In other churches
      there is a belief in a form of real presence, not however
      in the sense of transubstantiation.

   Real servitude, called also Predial servitude (Civil
      Law), a burden imposed upon one estate in favor of another
      estate of another proprietor. --Erskine. --Bouvier.
      [1913 Webster]

   Syn: Actual; true; genuine; authentic.

   Usage: Real, Actual. Real represents a thing to be a
          substantive existence; as, a real, not imaginary,
          occurrence. Actual refers to it as acted or performed;
          and, hence, when we wish to prove a thing real, we
          often say, "It actually exists," "It has actually been
          done." Thus its reality is shown by its actuality.
          Actual, from this reference to being acted, has
          recently received a new signification, namely,
          present; as, the actual posture of affairs; since what
          is now in action, or going on, has, of course, a
          present existence. An actual fact; a real sentiment.
          [1913 Webster]

                For he that but conceives a crime in thought,
                Contracts the danger of an actual fault.
                                                  --Dryden.
          [1913 Webster]

                Our simple ideas are all real; all agree to the
                reality of things.                --Locke.
          [1913 Webster]
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US economy weakened further in November: Beige Book

Published December 3, 2008, 11:23 am, AFP via Yahoo! News

Economic activity weakened across the United States over the past several weeks with most sectors facing pressure, the Federal Reserve said in its Beige Book report Wednesday.

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It looks a lot like Christmas past at White House

Published December 3, 2008, 11:13 am, AP via Yahoo! News

In the spirit of a tough economy, holiday decorations from Christmases past are adorning the White House this Christmas.

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President, first lady to move to Dallas

Published December 3, 2008, 10:56 am, AP via Yahoo! News

First lady Laura Bush says she and President George W. Bush will have a house in Dallas after leaving the White House.

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State Senate vote is Saturday to replace Derrick Shepherd

Published December 3, 2008, 6:28 am, New Orleans Times-Picayune

Shortly after he was re-elected 3rd District state senator last year, Marrero Democrat Derrick Shepherd became the target of a federal investigation. The case ended in October when he pleaded guilty to conspiring to launder money, a crime that can bring a sentence of up to 20 years behind bars.

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Richard Nixon back in the spotlight

Published December 3, 2008, 1:36 am, Politico via Yahoo! News

Richard Nixon is hot again. Though it has been 34 years since he was forced to resign his presidency and 14 years since he died of a stroke, he is now all the rage.

Full Story


Ex-Assembly speaker's son arrested in Concord student's death

Published December 2, 2008, 10:57 pm, Contra Costa Times

The son of former Assembly Speaker Fabian Nunez has been arrested in connection with the October stabbing death of a Concord college student.

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Kushner Wrongly Sent Commission to Newspaper, Fired Worker Says

Published December 2, 2008, 9:51 pm, Bloomberg

Dec. 3 (Bloomberg) -- A fired employee claims a real estate company owned by developer Charles Kushner diverted $5 million in commissions from a $1.8 billion building sale to the New York Observer newspaper owned by Kushner’s family.

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Convoluted setup in the Senate

Published December 2, 2008, 7:58 pm, Manila Standard Today

By tradition and practice, members of the Senate are divided between the majority and minority based on their political party affiliation. Administration and opposition senators belong to either the majority or minority depending on their numerical strength.

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N.Y. High Court Finds More Data Needed in Fee Dispute

Published December 2, 2008, 6:37 pm, Law.com

More information is needed to determine if a Manhattan law firm's fee of $40 million for five months' work is unconscionable, the New York Court of Appeals ruled Tuesday. The court declined to grant a motion by the estate of Alice Lawrence to dismiss Graubard Miller's petition for payment, sending the matter back to a lower court. At issue is a 2005 contingency fee agreement under which the firm ...

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Brown Rudnick Cuts 10 Percent of Work Force

Published December 2, 2008, 6:09 pm, Law.com

Brown Rudnick has become the latest firm to make job cuts in the wake of the credit crisis, with the announcement that it is to lay off almost 10 percent of its global work force. The losses affect 20 lawyers, three paralegals and 20 support staff across the firm's Boston, Hartford, New York and Providence offices, and three associates and one member of the firm's support staff in London. The ...

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