Family Room


Definition of "Family room"

Room in a home where the occupants spend their leisure time.

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Popular Real Estate Terms

Urban Property

real property located in a metropolitan, heavily populated area. ...

Anti-deficiency Legislation

Statutory authority to meet a budgetary shortfall through increasing revenue by enacting a temporary surcharge or permanent tax increase. ...

Real Estate Counselor

Person providing advice for compensation about real estate. ...

Market Absorption Rate

The rate at which a market can absorb additional units of supply without causing market saturation and severe price distortions. For example, during a ...

Coinsurance Clause

Provision in an insurance policy that caps the insurer's liability by stipulating that the owner of the property that has experienced damage must have ...

Relocation Network

Nationwide group of independent real estate brokers who cooperate together and share information regarding clients who are seeking to relocate from o ...

Popular Real Estate FAQ

What Is A Gift Letter?

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 ...

What Is A Buildable Acre?

A Buildable acre consists of 43,560 square feet of residentially designated buildable land, after excluding present and future rights-of-way, restrict ...

What Is Hazard Insurance?

Hazard insurance is insurance coverage that compensates for physical damage to a property from natural disasters such as fire or other hazards. ...

What Is A Buyer's Agent?

On most transactions, there is usually a listing agent and a selling agent. The selling agent is sometimes referred to as the buyer\'s agent, because ...

What Is Zoning?

Zoning is the laws that establish how a property can be used and what codes must be followed when erecting new buildings. ...

What Is An Appraised Value?

An opinion of a properties fair market value, based on an appraisers inspection and analysis of the property. ...

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What should I do if I'm in an accident? What is a loan-to-value (LTD) ratio? Why should I use a real estate agent? Besides making my monthly mortgage payment, how can I build equity into my house? What is Long Term Care Insurance?