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Act.

California Department of Real Estate

Updated 08-20-2026

Act.

ANNUITY — A sum of money received at fixed intervals, such as a series of assured equal or nearly equal a lender. the future. APPELLANT — A party appealing a court decision or ruling. APPRAISAL — An estimate of the value of property resulting from an analysis of facts about the property. An opinion of value. APPRAISER — One qualified by education, training and experience who is hired to estimate the value of real and personal property based on experience, judgment, facts, and use of formal appraisal processes.

California Department of Real Estate Glossary

California Department of Real Estate · p. 3

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