Market Area
Definition of "Market area"
Regional area from which a particular product or service can expect its greatest demand. For example, a retail department store expects to attract shoppers from a market area having a 20-mile radius in the surrounding region.
Popular Real Estate Terms
Within Real Estate, “nuisance” is a term used to describe any disturbance that might affect neighboring houses. Nuisance abatement is the enforcing of policies and codes that ...
Roof with one side that is at a sloped angle. ...
The common law right of a landowner whose land borders a river or stream to use and enjoy that water. ...
Opening so that air or gas may enter or leave. For example, an air conditioner has a "vent open" or "vent closed" knob for outside air. The "vent close" switch must be on for air ...
One who agrees to pay the debts of another in the event that the debtor does not pay. The creditor can demand payment from the surety as soon as the debt becomes due. Although a surety ...
Determining the measurements of a specific location. ...
List of dwelling units, such as homes. ...
The real estate industry bases the agency definition on the relationship between a real estate agent and the client they represent. Agency relationships have a fiduciary element to them ...
Significant elevation of land. Narrow upward strip. Connection of edges between different sloping surfaces. ...
Have a question or comment?
We're here to help.