American Real Estate And Urban Economics Association Areua

Definition of "American Real Estate and Urban Economics Association (AREUA)"

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Members consisting of educators, behavioral scientists, state and local school system research directors, research specialists, and graduate students.

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Popular Real Estate Terms

Cancellation

(1) Voiding an order to buy or sell real estate. (2) Prematurely terminating an insurance policy. (3) Voiding a negotiable instrument by nullifying or ...

Tract Index

System for listing recorded documents affecting a particular tract of land. ...

Contract Rate

Stated rate of interest on the face amount of a loan or installment note. ...

Caveat Subscriptor

Reference to let the vendor beware. Without specific exemptions, the vendor is obligated for action by the buyer for any explicit or implied modificat ...

Appraisal Institute

Members are professional valuers and appraisers or real estate. ...

On-site Improvements

Directly enhancing the physical nature of the property such as renovating the building, installing a new driveway and parking lot, and gardening. ...

Popular Real Estate FAQ

What Is A Rate Lock?

A rate lock is a commitment issued by a lender to a homebuyer or to the mortgage broker guaranteeing a specific interest rate for a specified amount o ...

What Are Closing Costs?

Closing costs are expenses incurred by buyers and sellers in transferring ownership of a property. ...

What Is A REALTOR®?

A REALTOR® is an agent or agency that belongs to the local or state board of REALTORS® and is affiliated with the "National Association of REALTORS� ...

What Is An APR And What Does It Include?

An APR stands for an ANNUAL PERCENTAGE RATE. This rate includes the costs of any points paid, mortgage insurance, and other costs. ...

What Is A Qualifying Ratio?

A qualifying ratio is the percentages a lender compares to see whether you qualify for a loan. ...

What Is A Cap?

A limit on an adjustable-rate mortgage. ...

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FAQ

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