Definition of "Latent"
Something that is hidden or overlooked and may be realized at a later time. For example, an individual's name is improperly spelled on a title deed, and the oversight is not noticed until the property is sold many years later.
Popular Real Estate Terms
In the real estate industry, several professional designations can be awarded to real estate professionals. These professional designations provide real estate professionals with the ...
Trademark name for shotcrete. ...
Regular pattern of expansion (recovery) and contraction (recession) in total economic activity surrounding a growth trend, including the impact of economic variables such as employment and ...
Periodic expenditures undertaken to preserve or retain a property's operational status for its originally intended use. These expenditures do not improve or extend the life of the property. ...
The equity in property because of work in it by the buyer or holder which directly increases its value. ...
Representation on a flat surface of any region that depicts the elevation of that region. ...
Siding made out of aluminum, plastic derivates, or cement asbestos having ridges and valleys which is attached to the sides of buildings. ...
Methods of materials used in designing and fabricating a building. ...
Something that is illegal. An example is an unenforceable debt because it has exceeded the statute of limitations. ...
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