- 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
The term assessed value is used to define the dollar value of a property for the applicable taxes. The evaluator, a tax assessor, determines the property’s assessed value for tax ...
Geographical area for which a given governmental agency has authority and responsibility. For example, the jurisdiction of a county court is the county in which it is located. ...
Provision in a credit contract specifying that if the lender sues the borrower for late payments, the borrower accepts guilt in advance, irrespective of the reason for nonpayment. ...
A building having one house hold on the first floor and a second household on the second floor. ...
Loan such as a mortgage that the borrower has consistently made payments on when due over many years. The borrower has proven his creditor worthiness. ...
Person providing advice for compensation about real estate. ...
Money set aside for a possible loss, such as from a fire. ...
A two-by-four used for wall resilience and partitioning. Studs rest on it. ...
In conducting a real estate transaction, each party is presumed honest and fair with no deceit. The intentions are honorable and realistic. If deception occurs without prior knowledge, the ...
Have a question or comment?
We're here to help.