Qualifying
Definition of "Qualifying"
- Process determining an individual's financial ability to meet the terms of a loan. When selling real estate, the sales broker must qualify the buyer to make certain he/ she has the financial ability to purchase the property and be eligible to obtain a mortgage.
- In insurance, a period of time during which an individual is eligible to receive benefits until it is determined whether or not fraud or other misrepresentation has occurred. A qualification period is found most frequently in health insurance and pension plans.
Popular Real Estate Terms
One who acts as a witness and fives written testimony under oath. ...
Justifiable and fair amount for a real estate transaction based on the conditions and limitations involved in the exchange. ...
Grouping of several columns arranged in intervals supporting an architectural overhang, usually a roof. ...
A shallow yet funny definition of a tax specialist is someone who loved math since 1st grade. He or she has an elephant’s memory and is always up to date with the regulations and ...
Used to compute the tax on a specified taxable income. The marginal tax rate usually increases as the taxable income rises. ...
(1) The exposed trim and molding surrounding a door or window. (2) Woodwork which encases a pipe or structural member. (3) Method of creating a form for the pouring of concrete. ...
Square footage of space a parcel of land has. ...
Position taken by a real estate consultant representing the best interests of the client. ...
Degree of construction of residential property measured in number of units or dollar value. ...
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