Standard Metropolitan Statistical Area (SMSA)
Definition of "Standard metropolitan statistical area (SMSA)"
Area or county used in the census or other data gathering functions that has a population of 50,000 inhabitants or more.
Popular Real Estate Terms
Legal record used to create a condominium. It encompasses the description of the property, common elements, ownership units, and acceptable uses of the residence. ...
Exposure can have various meanings in real estate and insurance, depending on the context. Let’s have a thorough look at these scenarios! Exposure as property’s ...
Statutes stipulating that the property of deceased individuals is distributed in a way that assumes that property during marriage is jointly owned and equally shared by the spouses ...
When an Appraisal is done, its ultimate goal is to define a Market Value for that property. So, in short, market value is the value of a real estate property in a free competitive ...
Measure of the typical U.S. family's ability to buy a home, published by the National Association of Realtors. When the Index measures 100, a family earning the median income has exactly ...
Mortgage placed on a property after a previous mortgage. It can be a second, third, etc. mortgage. A junior mortgage is subordinate to the terms of a previous mortgage. Junior mortgages ...
Payments made to enhance the appearance and conditions of real estate property. In so doing, the market value of the property should increase. Examples of renovation costs are siding, ...
Monies paid to use property, such as the use of natural resource extractions. The royalty payment is typically based upon some percentage of the income or fee for substances generated from ...
A certificate of ownership in a real estate company. Pledged assets for a borrowing. An example is an office building serving as collateral for the mortgage. Way of protecting property ...
Comments for Standard Metropolitan Statistical Area (SMSA)
What does SMSA mean? Is there some kind of a fee or license number?
Dec 07, 2023 15:23:20Hello Pam, thank you for contacting us!
The US Census Bureau coined the term "Standard Metropolitan Statistical Area" to determine geographic areas for collecting and publishing statistics.
As for fees or license numbers associated with SMSA, it depends on the industry or regulatory body involved. For example, suppose you're referring to a professional license or certification. In that case, you may need to contact the relevant licensing board or organization for specific information on fees and license numbers. You should check with the appropriate government agency if it's related to a government or administrative process.
Dec 15, 2023 05:15:48Have a question or comment?
We're here to help.