Block


Definition of "Block"

(1) Rectangular area bounded on all sides by consecutive streets. It is part of a platted area. (2) Substantial amount of real estate properties to be sold together. (3) Group of houses, apartments, or businesses in one area.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Insurable Risk

Condition in which an applicant has met an insurance company's standards. Requirements include a los ...

Cost-benefit Analysis

Comparison of the cost of a solution and the economic benefits that would accrue if the solution is ...

1031 Tax-free Exchange

Also called a like-kind exchange. An exchange in which tax benefits are available to real estate own ...

Collection Fee

Fee paid to an agent as compensation for his or her collecting premiums for debit insurance (home se ...

Trim

To clip or prune shrubbery,etc. ...

Medicare

Program enacted in 1965 under Title XVIII of the Social Security Amendments of 1965 to provide medic ...

Related Real Estate FAQ

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 Is A Mortgage?

A mortgage is a legal document that pledges your property as security (like collateral) for a loan. ...

Is Depreciation Common?

Generally, real property never depreciates in value, or more so, it is not very common for property ...

What Is A CD?

A CD, or Certificate of Deposit, is an investment usually made for a given period of time at a fixed ...

What Is A Closing?

The process of finalizing all the dealing associated with the sale and purchase of a home. (Also kno ...

What Do I Need To Know About Term Life Insurance?

Provides financial protection for a limited, specified period of time, at a lower cost than permanen ...

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

How to Defray the Hidden Costs of Home Ownership How to become a real estate agent 10 Tips for Homebuyers 7 Things to Consider Before Moving to a New City Why Right Now is a Good Time for Millennials to Buy a Home

FAQ

What is a conventional mortgage? What is a REALTOR®? What is a mortgage broker? What is an assumable mortgage? What is an appreciation?