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The listing broker may offer buyer agents a portion of their commission as an incentive to find buyers for the property. Payment is required if real estate brokerage service was used. This is often one of the largest closing costs. Mortgage application fees, paid by the buyer to the lender, to cover the costs of processing their loan ...
A lease of real estate, regardless of the country or state of jurisdiction, fundamentally comprises clauses that define the commercial terms, legal terms and functional terms of the transaction. A Lease Abstract is prepared upon the execution or commencement of the agreement to provide a more simplified, easier to use and shorter reference ...
Rate base is the value of property on which a public utility is permitted to earn a specified rate of return, in accordance with rules set by a regulatory agency.In general, the rate base consists of the value of property as used by the utility in providing service.
Regulatory costs comprised an average of $387,000, or 58% of the median Hawaii price, according to the report. Construction costs accounted for 41% and land 1.4%, the report said.
Cost pools is an accounting term that refers to groups of accounts serving to express the cost of goods and service allocatable within a business or manufacturing organization. [1] The principle behind the pool is to correlate direct and indirect costs with a specified cost driver, so to find out the total sum of expenses related to the ...
Occupancy costs are those costs related to occupying a space including; rent, real estate taxes, personal property taxes, insurance on building and contents, depreciation, and amortization expenses. [1] These are generally higher in new entrants to a market due to the escalating real estate prices.
A Honolulu City Council resolution wants state lawmakers to address what it deems are “drastic ” increases in property insurance premiums paid by homeowners across Oahu, particularly for those ...
Everything else is a fixed cost, including labour (unless there is a regular and significant chance that workers will not work a full-time week when they report on their first day). In a real estate context, operating expenses include costs associated with the operation and maintenance of an income-producing property. Operating expenses include: