Category: A

ABSORPTION RATE RETOTD Episode 00106

Share

ABSORPTION RATE COMMERCIAL The amount of inventory or units of a specific commercial property type that become occupied during a specified time period (usually a year) in a given market, typically reported as the absorption rate. The rate at which…

Share

ABANDOMENT RETOTD Episode 00082

Share

ABANDOMENT A relinquishment or surrender of property or rights. In real estate management, abandonment of leased premises refers to the relinquishing of the premises by the tenant before the lease expires without consent of the owner/landlord. The term is also…

Share

ADDENDUM RETOTD Episode 00066

Share

ADDENDUM A supplement to any document that contains additional information pertinent to the subject. Appraisers use an addendum to further explain items for which there was inadequate space on the standard appraisal form. In real estate an addendum becomes a…

Share

APPRAISED VALUE RETOTD: Episode 00040

Share

APPRAISED VALUE An opinion of the fair market value of a property as developed by a licensed, certified appraiser following accepted appraisal principals. The opinion of a property’s fair market value, is based on an appraiser’s knowledge, experience, and analysis…

Share

ACCEPTANCE RETOTD: Episode 00006

Share

ACCEPTANCE Agreeing to the terms of an offer, thereby creating a contract. As soon as the seller signs on to your purchase offer, you’re in contract for the sale of the house, and neither of you can back out without…

Share