Definition of "Satisfaction"

  1. Discharge of an obligation through payment or the rendering of a service.
  2. An individual is pleased with something such as work performed by an electrician at his home. Sometimes payment for work is made contingent on the recipient's expressed satisfaction and signature.
  3. Fulfilling a person's needs or desires such as obtaining a real estate license or certificate. In this case, professional requirements have been met.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Real Estate Terms

An arm’s-length transaction is a business deal, or transaction where the seller and buyer act independently of each other without influence on the other party. What sets these types ...

Expenditures incurred building a structure, including material and labor. ...

That’s the name of the study a Real Estate Broker presents to home sellers when trying to turn them into clients. In it, by making a comparison with the available houses in the market ...

Low level of land positioned between mountains or hills. ...

Involves monthly payments for property taxes and insurance, besides principal and interest. The tax and insurance payments are put into an impound account. For a residential mortgage this ...

Property held by an individual, such as furniture. ...

To acquit, exonerate, absolve, or discredit allegations. ...

Brick wall where a space or cavity is left between the inner and outer walls and is usually filled with insulation. ...

Title granted to those having expertise in valuing homes by the American Institute of Real Estate Appraisers. ...

Popular Real Estate Questions