Competent

Definition of "Competent"

An individual legally fit and able to undertake an activity or function.

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Related Real Estate Glossary terms

Rental Value

How much the rental property is worth. The valuation considers the net income derived from the prop ...

Armstrong Investigation

Inquiry conducted by a committee of the legislature of the State of New York in 1905 that looked at ...

Auction Market

Where property is sold to the highest bidder. ...

Health Maintenance Organization (hmo)

Prepaid group health insurance plan that entitles members to services of participating physicians, h ...

Structural Lumber

A strong piece of lumber at least two-by-four. It is used for studs and beams to hold a building or ...

Standby Loan

Short-term loan that is made to bridge the term between the end of one loan and the beginning of ano ...

Related Real Estate FAQ

What Are Basis Points?

Basic points relates to changes in the interest rate for your home. ...

What Is Homeowners Insurance?

Homeowners insurance is an insurance policy that combines personal liability insurance and hazard in ...

What Is A Treasury Index?

A treasury index is an index used to determine interest-rate changes for certain adjustable-rate mor ...

What Is An Appreciation?

Changes in the market conditions, or improvements to the property that increase the value of the pro ...

How Can I Figure Out My Debt-to-income Ratio?

To figure out where you stand on the debt-to-income ratio, you must first understand the meaning of ...

What If They No Longer Make My Specific Computer?

The insurance company will replace it with a model as close to it as possible in the current retail ...

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