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
A two-by-four used for wall resilience and partitioning. Studs rest on it. ...
The tenant is forced to leave the premises if he complains about the poor condition of the apartment or office space he has leased. This type of eviction is illegal in many states. ...
Refers to state statues protecting the public against securities frauds of real estate companies. ...
The construction of a highway right way over a privately held parcel of land. Property owners are entitled to compensation for the value of the property usurped by a highway easement. See ...
Precalculated tables providing the present values of $1 or an annuity of $1 for different time periods and at different discount rates. ...
A right or interest in property held by a third party, which often limits the use and diminishes the value of the property, but usually does not prevent the transferring of title. The more ...
Location Analysis is the appraisal of a general geographic area for a particular use. A Residential Real Estate Market professional (or consumer) rarely deals with a Location Analysis ...
Property tax that varies in rate depending on the zoning classification (use) of the property. ...
Latin for at first sight. Facts assumed to be true unless subsequent evidence disproves it. ...
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