google bot detected Utility | Real Estate Glossary | Realestateagent.com

Utility


Definition of "Utility"

Preston Russ
  Coastal Realty Group


  1. An economic and highly subjective term describing satisfaction of a specified want. Utility and usefulness are not necessarily synonymous terms.
  2. The value of a certain outcome or payoff to someone; the pleasure or displeasure that person would derive from that outcome.



Related Real Estate Glossary terms

Related Real Estate FAQ