Real Estate Computer Software
Definition of "Real estate computer software"
- Database program that has real estate listings including property photographs. Real estate computer software allows real estate agents and brokers to search for a particular listing by characteristics. For example, an agent may wish to locate all listings of a ranch in a particular municipality having a two car garage, basement, four bedrooms, and two baths with an asking price within a certain range. Assuming ranch houses exist in the database having those characteristics, the real estate computer software will locate them and allow the agent to view and print them.
- General real estate calculation program including loan and mortgage amortization payments and schedules, present value, affordability calculations, mortgage qualifying analysis, adjustable rate mortgage amortization and payments, estimated closing costs, discount points vs. interest rates, interest paid in tax year, fixed rate loan calculations and mortgage payments, balance after Kth payment, accelerated payment schedule.
Popular Real Estate Terms
Heated structure needed to raise fowl. ...
Table demonstrating the relationship between the depth of a building lot form the street frontage and its market value. Street frontage is the greatest asset of a land parcel. The ...
Fee simple estate is a term used to describe ownership or freehold of an estate and the type of ownership of an estate. The possessory interest, also referred to as fee (a word derived from ...
Space that is available to all tenants or owners, such as a courtyard, main entrance, elevator, and pool. ...
Provision permitting a lender to charge the borrower a penalty for repaying a loan before its due date. ...
In real estate, the term "preamble" refers to an introductory statement that outlines the fundamental principles and goals guiding the industry's practices. Specifically, in the National ...
Identifying marker of a company. Attesting to something such as the validity of an instrument used in real estate. ...
Notion that a buyer should not pay more for a property than it would cost to buy at current prices for land, labor, and appraisals. ...
When we discuss loans, it is essential to know that there can be many types of loans and there also are open-end loans and closed-end loans. In regards to closed-end loans, these often work ...
Have a question or comment?
We're here to help.