Incompetent


Definition of "Incompetent"

Incapable of performing duties because of a lack of knowledge and training. The individual may not possess the qualifications and credentials. For example, a prospective buyer of real estate cannot rely on an incompetent salesperson.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Weatherstriping

Additions made to a structure to protect it from damage due to inclement weather. An example is rein ...

Assessment

(1) Valuation: Evaluation of property by a taxing authority for the purpose of levying a property ta ...

Mandatory Disclosure

The array of laws and regulations dictating the information that must be disclosed to mortgage borr ...

Self-insured Retention (sir)

Portion of a property or liability loss retained by a policyholder. Most policyholders do not purcha ...

Black List States

States that preclude the placement of surplus lines with particular insurance companies. ...

Incurred Expenses

Expenses that have or may not yet have been paid by an insurance company. ...

Related Real Estate FAQ

What Will My ARM Loan Payment Be ?

RealEstateAgent.com calculator will compute your initial payments and estimate your future payments. ...

What Is A Seller Disclosure?

A seller disclosure is a form required by most states; the seller uses this form to disclose any kno ...

What Is A Subdivision?

A subdivision is a piece of land divided into several plots in which homes are built. ...

What Is A Buyer's Agent?

On most transactions, there is usually a listing agent and a selling agent. The selling agent is som ...

What Is A Rate Lock?

A rate lock is a commitment issued by a lender to a homebuyer or to the mortgage broker guaranteeing ...

What Is Title Insurance?

Title insurance is insurance that protects the lender and buyer against any losses incurred from dis ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

10 Tips for Homebuyers Home Prices - The Extra Costs How To Choose A Realtor 6 Reasons you are not selling properties What is the Best Time of Year to Buy a Home?

FAQ

What is a front-end ratio? What is a mortgagee? How can I figure out my debt-to-income ratio? What is a mortgagor? What does an appraisal mean?