Occupational Classification


Definition of "Occupational classification"

Marcia Moore
  Keller Williams Metropolitan

Classification of occupations according to the degree of risk inherent in that occupation.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Prairie House

Architectural style featuring a long low roof line with a continuous row of windows and a plain exte ...

Punitive Damages

Also called exemplary damages. Damages achieved by a judicial award for a plaintiff in a lawsuit in ...

Estate In Reversion

Same as term reversion: Also called estate in reversion. A vested interest or estate in which a per ...

Progressive Income Tax

Structure under which tax rates increase with increases in income. One way to minimize such taxes is ...

Pipeline Risk

The lender's risk that, between the time a lock commitment is given to the borrower and the time t ...

Prepaid Insurance Expense

Expense listed on the Income and Expenditure accounting statement for the unexpired insurance policy ...

Related Real Estate FAQ

What Is A Buildable Acre?

A Buildable acre consists of 43,560 square feet of residentially designated buildable land, after ex ...

What Do I Need To Know About Auto Insurance?

Choosing the auto insurance requires consideration of manyfactors- Take into account everything you ...

What Is An Interest Rate?

An interest rate is the percentage the lender charges you for borrowing money. ...

What Is A Point?

A point is equal to 1 percent of a loan amount. Lenders charge points in exchange for lowering the i ...

What Are Prepayment Penalties?

A penalty fee charged for paying off a mortgage early, thus allowing banks to still make money off o ...

What Is A Maintenance Fee?

A maintenance fee is a charge by condominium associations, co-ops, or other homeowners associations ...

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

Agents join here
Add our widget on your Website

Real Estate Advice

5 U.S. Cities with the Best Public Transportation Foreclosure - The Pros and Cons of Buying Real Estate Open House - The Dos and Don What is Earnest Money 7 Tips for a First Time Homebuyer

FAQ

What is a credit report? Should I Pay Extra Each Month? What does the Real Estate Settlement Procedures Act (RESPA) require? How Much Income Do I Need ? What should I do if I'm in an accident?