- An adversary hearing allows both parties to an issue to present their views.
- A public procedure performed by an administrative or legislative body to investigate certain matters and encourage an exchange or views as well as to present formal evidence of fact. A hearing is not a judicial proceeding per se, but it can reach an administrative conclusion to be used as a basis for forming an administrative decision. For example, a zoning variance appeal board can have public hearings to encourage an exchange of views and present evidence of fact regarding the effects of re-zoning a certain parcel of property. Based upon the results, a decision will be made by the zoning board of appeals as to whether or not a zoning appeal will be upheld, modified, or denied. The results of a hearing can be appealed to a judicial body.
- An ex parte hearing has only one party presenting his or her views relating to some matter
Popular Real Estate Terms
Also called interim financing. A mortgage that provides the funds necessary for the building or construction of a real estate project. The project can be a residential subdivision, a ...
Real estate business owned by one person having all the rights and obligations. ...
The units are used as commercial offices. The purchaser of an office condominium owns the title to the individual office unit and not to the property. Maintenance fees are assessed to each ...
Situation in which very few prospective buyers of real estate are rejected by lenders. This may be due to ample money supply, lower interest rates, and/or relaxed credit standards. See also ...
Landowner's legal right to the water found on his property. For example, there might be a stream of water adjacent to the land. The water might be used for irrigation or other purposes. ...
Agreement to exchange real estate upon specific terms. ...
A mortgage requiring a substantial down payment. It is usually only available to those having good credit, and has fixed monthly payments for the life of the loan. It usually has a 30 year ...
Real rate of interest on a loan. It is the coupon rate divided by the net proceeds of the loan. Assume Sharon took out a $1,000,000, on year, 10% discounted loan to buy real estate. The ...
Same as term annuity: Equal period payments or receipts. Examples of an annuity are annual rental receipts from a real estate investment and cash dividends from a real estate firm's ...
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