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Nov 13, 2023 · A Realtor is a real estate agent who is a dues-paying member of the National Association of Realtors. NAR members are held to a high standard of professionalism and adhere to a strict code of ethics. Refinance. If a borrower takes out a new loan on the same property, it’s called a refinance.
Understanding property types is essential for anyone involved in real estate, whether you’re a homeowner, investor, developer, or planner. In the United States. Properties are classified into various types based on their usage, zoning regulations, and the specifics of local ordinances. This article provides a detailed overview of the most common property types and zoning classifications ...
- Absorption: Often reported as a property’s absorption rate, an absorption is the amount of units or inventory of a particular type of commercial property that was occupied in a given market within a specified time period (usually not exceeding one year).
- Addendum: An addendum in real estate is a piece of additional information covering certain circumstances of a transaction and it is often added to a form contract as an attachment before execution of the contract or during escrow.
- Adjustable-Rate Mortgage (ARM): ARM refers to an instrument that allows real property to be used as collateral for a promissory note, which must specify interest rates and how they are expected to change from time to time.
- Amortization: Amortization is a process of using regular payments or installments to pay off debts, for example, a mortgage, over an agreed period of time.
6 | Commercial Real Estate Terms and Definitions Submarket Submarkets are geographic divisions of markets. These smaller divisions or boundaries are generally recognized and accepted by the real estate industry and the business community in a market and region. Submarkets are geographic boundaries that delineate core areas that are competitive
Nov 1, 2022 · Ian Arendt is an in-house attorney with AOPA’s Legal Services Plan. He provides initial consultations to aircraft owners and pilots facing aviation related legal issues through the LSP. Ian is a private pilot and aircraft owner. The AOPA Legal Services plan is offered as part of AOPA’s Pilot Protection Services. Go to Ian Arendt's Profile.
Offering the perfect blend of sophistication, comfort, and vast open space, this property caters to both the aviation enthusiast and the horse lover. While direct runway access is available, the real magic lies in the boundless opportunities this estate provides for relaxation, entertainment, and equestrian pursuits.
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May 22, 2024 · A more specific land use definition is the characterization of actions people apply to land for various purposes. This is often dictated by the natural resources the land provides and historical use. It can also be enforced from various jurisdictions in an effort to control real estate development and for future land use planning.
