Personality
Definition of "Personality"
person's behavior partly genetic and partly learned through experience over time. Some people have good personal traits while others have poor ones.
Popular Real Estate Terms
Same as term higher and best use: Use of a parcel of land that will produce the greatest current value. ...
Structure that has the same blue print and design as all the other homes in a given development; the opposite of custom built. ...
The right of a person or business to renew a contract. For example, the tenant may have the right to renew a lease for a specified amount and term. ...
An unpreventable, overwhelming, and irresistible force. It is common to place a force majeure clause in a construction contract to indemnify a construction deadline in the event an act of ...
Regularly, subsequent means something which occurs at a later date. In other words, a subsequent event follows a prior occurrence. For example, new circumstances arise after a contract is ...
Arrangement whereby a party providing financing gets a portion of the ownership. ...
Percentage of rentals estimated not to be made because of actual and anticipated vacancies. ...
Under a FHA-insured mortgage, both the property and the borrower must meet certain minimum standards. The borrower is charged an insurance fee of one-half percent on the unpaid balance and ...
Organization that manages the relocation of the employees of client companies from one area of the country to another. A relocation service will manage home sales and purchases in another ...
Comments for Personality
What does the term personality mean in a real estate contract
Jun 09, 2021 07:08:32Hey JoAnn! Thank you for reaching out to us. The term "personality" refers to the characteristic patterns of feeling, thinking, and behavior of an individual. In relation to the real estate industry, however, the term "personality" does not have a particular meaning or a different role other than its typical definition and meaning.
Jun 11, 2021 07:19:38Have a question or comment?
We're here to help.