Orientation
Definition of "Orientation"
- Locating a structure after considering such factors as the homeowner's desired privacy, noise, wind, and sunlight.
- Position of a structure on a specific location relative to prevailing winds and sunlight.
- Familiarizing a newly hired employee in a real estate firm with the required knowledge. An example is" breaking-in " a new real estate broker with the general neighborhood.
- Employee's professional background such as computer knowledge.
Popular Real Estate Terms
Listing Agreement A.K.A. Listing is basically a contract allowing a real estate agent or broker to list a home for sale and act as the home seller agent representing his/her interests ...
All expenses related to maintaining and operating a household. These expenses include the cost of rent or mortgage payments, taxes, utilities, maintenance and structural improvements. The ...
Complete estimated itemization of all costs in constructing a structure including site acquisition and preparation, material, and labor costs. A quantity survey is necessary for a ...
A closed-end mortgage is a mortgage in which the collateralized property cannot be used as security for another loan. See also open-end mortgage for a better understanding of the ...
Money raised by a syndicate promoter and placed into a fund prior to selecting the specific property in which funds will be invested. ...
A contract between a lessor and a lessee to use property for a specified time period at an agreed to rental charge. Gross lease: A total amount of rental dollars from which the landlord ...
Legal obligation to pay taxes associated with owning property or earning income. For example, a real estate owner must pay property taxes. ...
Also called trust deed. A document that conveys title to a neutral third party during the period in which the mortgage loan is outstanding as collateral for a debt. ...
Latin for through the life of another. A life estate in property is granted to an individual so long as a third person is alive. ...
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