Buying Power Index (BPI)

(1) Any asset purchased for use in production over long periods of time rather than for resale. It includes land, buildings, plant, and timber reserves. (2) In taxation, property held by a ...

The geographic moving of an individual from one region to another usually because of a change in employment. Relocation normally involves the complete moving of the individual's ...

Covered passage or sheltered area within the walls or a building, or between the columns and walls of a circular building. ...

Relationship between individuals or entities whereby rights given to one are returned in kind to the other. An example is where one person has the right to use facilities of another with ...

Similar to an industrial park an office park is a planned and zoned development site for office buildings. ...

Same as term plat book: Listing of all of the plats of subdivided plots in a jurisdiction showing the location, boundaries, and plat owners. A plat book normally shows other improvements ...

A graduated payment mortgage (GMP) developed to overcome the negative amortization aspects of the GMP. The key to the FLIP mortgage is the use of the buyer's down payment. Instead of being ...

Founded in 1947 and located in Washington, DC, the NAREB has 7,500 members with 15 regional groups and 6 state groups. It offers certification programs for members of the real estate ...

The city of San Antonio is part of the metropolitan area of San Antonio-New Braunfels and with a population of 1.5 million people, it is the second-most populous city in Texas. San ...

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When a home is marked “as is”, it means the home seller will not take part on any renovations, will not fix any defects the home buyer might bump into. If the home buyer wants ...

Wondering what is the cash offer definition? Well, the cash offer definition is pretty much what it says, an offer made in cash. But aren’t all offers cash? No one buys a house ...

Clermont Florida is well known for its beautiful suburban neighborhoods and its high population of “snowbirds”, wealthy retirees from the northern US who spend their winters in ...

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A gift letter is when an individual gives you money for a down payment as a gift, that person must write you a gift letter so that it can be included in your loan documentation. ...