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
Measure of the value of all goods and services produced by the economy within its boundaries and is the nation's broadest gauge of economic health. GDA is often a measure of the state of ...
Mortgage banker is the person or business that originates mortgages and receives payments. The mortgage banker typically sells these mortgages to investors and obtains service fees for the ...
Uncertainty in the price of real estate due to market, economic, political or other conditions. ...
If you have been wondering what can cause a market failure, the most common answer is externalities. An externality is an indirect cost or benefit to a neutral third party that comes from ...
If you are a real estate investor and you come across this term, you might wind up wondering … What is the operating expense ratio? The operating expense ratio (OER) is a way for ...
Technique used to estimate how the value of a parcel of land will affect its ability to support a given commercial improvement leaving sufficient residual net income to maintain adequate ...
As a legal term, abandonment defines a deliberate renunciation of rights to an asset or a business relationship. What does abandonment mean in real estate? In real estate, abandonment, ...
Provision in an insurance policy that caps the insurer's liability by stipulating that the owner of the property that has experienced damage must have another policy that covers usually at ...
Creditor's control over property. When a loan is secured with pledged assets, the creditor has the right to go to court to obtain possession of the property if the borrower defaults. The ...
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.