Career Resource Center Archive


N

Monday, October 23rd, 2006
NAR – See National Association of REALTORS® ...
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M

Monday, October 23rd, 2006
MAI – See Member Appraisal Institute ...
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L

Monday, October 23rd, 2006
Laches – An established legal doctrine under which, apart from any question of statutory limitation, courts discourage laziness and delay in the enforcements of rights and due to the delay or negligence in asserting one’s legal rights, will refuse to try suits not brought within a set reasonable ...
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K

Monday, October 23rd, 2006
Key lot – A lot in such a position that one side is adjacent to the back of other lots which in a subdivision is considered to be a least desirable lot. ...
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J

Monday, October 23rd, 2006
Jalousie – An exterior slotted blind or shutter window like a Venetian blind used to permit ventilation while avoiding rain penetration and also to control sunlight. ...
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I

Monday, October 23rd, 2006
Identity of interest – The system whereby the builder and sponsor of a housing project subsidized by the government have ownership interests in each other. ...
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H

Monday, October 23rd, 2006
Habendum clause – The to have and to hold clause in a deed that describes the extent of the interest conveyed, such as fee or life estate and which is no longer an essential part of a deed. ...
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G

Monday, October 23rd, 2006
Gable roof – A steeply pitched roof with sloping sides. ...
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F

Monday, October 23rd, 2006
Facade – The real front or face of a building but often also used to refer to a false front. ...
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E

Monday, October 23rd, 2006
Earnest money – A sum of money or other consideration given by a prospective purchaser as a deposit or partial payment as evidence of good faith in conjunction with an offer to purchase real property rights which if accepted will become part of the down payment. ...
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