Basic Industry Multiplier
Percentage of a geographic location's population to the number of persons employable by a basic industry in that area. A basic industry is one that draws income from outside the locality for its product or service. The industry not only generates jobs directly but indirectly creates jobs for related services. The industry not only attracts workers from outside the area but also their families.
Popular Real Estate Terms
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Section of the Internal Revenue Code that addresses tax-free exchanges of certain property. The general provisions for a tax-free exchange of real estate are that the properties must be ...
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Current cost to replace property with an identical property after allowing for the depreciated value of the property. ...
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