- 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
Legal mechanism available for a person who is over his head financially and is unable to meet his financial obligations. ...
A hidden or overlooked defect that may manifest itself at a later point in time. For example, a defect in a water pipe is not immediately discovered, and it later results in a massive water ...
Decline in value of real estate property because it is near something which is damaging to its worth. For example, a house located next to a pollution treatment center, drug center, or ...
If you’re looking for the real estate agent definition, you’re in the right place. So, in the following paragraphs, we will try to examine the complex job of a real estate ...
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Agreement between a lending institution and borrower where the borrower agrees to extend or spread the collateral of a loan to additional properties beyond the original mortgaged property. ...
Same as term resale proceeds: Net amount received when property is sold. It equals the selling price less outstanding mortgage balance less all costs incurred in connection with the sale. ...
The economic indicators that trail behind aggregate economic activity. Six lagging indicators issued by the government consisting of unemployment rate, corporate expenditures, labor cost ...
Primary business district of a city or urbanized area having the areas major governmental offices, professional, and retail businesses represented. ...
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