Definition of "Negotiable"

Yolanda Burgess real estate agent

Written by

Yolanda Burgesselite badge icon

Platinum Partners Realty

  1. A flexible price that may be adjusted.
  2. A resolved situation between two or people or parties through discussions in which common interests are modified. For example, real estate broker fees may be negotiated.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Real Estate Terms

Expected market value of property if sold today. ...

Some plausible, but not completely clear-cut indication of ownership rights. It supplements a claim to title to property, but does not actually establish it. ...

A bilateral contract is a pretty straightforward term. No horseplay there. It’s a legal agreement between two individuals who both agree to do (or not to do) a specific act. The ...

A graduated payment mortgage (GMP) developed to overcome the negative amortization aspects of the GMP. The key to the FLIP mortgage is the use of the buyer's down payment. Instead of being ...

Used to support two properties; it is attached to both. ...

Law of the state establishing guidelines and requirements for constructing buildings. The standard may differ between the states. ...

A type of real estate investment trust (REIT) that does not own property but gives short-term financing for construction loans or for permanent mortgage loans for major projects. ...

(1) Written statement by a responsible individual or entity of the correctness and reliability of something. (2) Written permission to do something, such as receiving a real estate ...

You may have heard the term codicil in a conversation but might have yet to understand it entirely. What’s the codicil definition? “Codicil meaning” refers to a supplement ...

Popular Real Estate Questions