Consumer Products Safety Act Of

Definition of "Consumer products safety act of 1972"

Act that established mandatory notification by manufacturers of products and the distributors of these products to the Consumer Product Safety Commission in the event they become aware of a faulty product, or part of that product, that could result in bodily injury and/or property damage.

Search Real Estate Glossary

Related Real Estate Glossary terms

Dragnet Clause

Mortgage clause causing the mortgagor to pledge additional properties, mortgaged or not, as collater ...

Structural Analysis

Evaluation of the dimensions of a building to determine its ability to meet the needs of the occupan ...

Beveled Siding

See clapboard. ...

View

How one looks at things; opinion. An example is a prospective buyer of a house who considers the ...

Gross Area

The total floor area of a structure, in square feet, measured from the outside walls not adjusting f ...

Functional Obsolescence

Also called functional depreciation. Loss of value that results from improvements that are inadequat ...

Related Real Estate FAQ

What Is A Multiple Listing Service (MLS)?

A multiple listing service is a computerized listing of the homes for sale in an area listed with a ...

What Are Jumbo Mortgages?

Jumbo mortgages are mortgages larger than the limits set by Fannie Mae and Freddie Mac. A jumbo mort ...

What Is A Mortgagee?

A morgagee is the lender. ...

What Is A Housing Ratio?

A housing ratio is the percentage of your housing payment (principal, interest, taxes, and insurance ...

What Are Comparables Or Comps?

Recently sold properties that are similar in size, location, and amenities to the home for sale. The ...

What Are Paid Advertorials?

Paid advertorials are articles written by public relations professionals that have just one goal in ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews

Agents join here

Add our widget on your Website

Real Estate Advice

Getting Ready to Sell? Don't make these DIY Mistakes! Is it better to buy or sell a home first Real Estate Open House - The Dos and Don How is Square Footage Determined? What is Hazard Insurance?

FAQ

What is escrow? What are the Benefits of Liability Insurance? What is an appraised value? What is a REALTOR®? How much money can I borrow to buy a home?