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Assessed value: The value of real estate property as determined by an assessor, typically from the county. "As-is": A contract or listing clause stating that the seller will not repair or correct ...
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 ...
The result is expressed in years. A closely related measure is the WAULT to break, which sums the individual rents to their first break, the point where the tenants can legally leave their lease. The basic definition is also known as WAULT to expiry to make the distinction clear. Depending on the market conditions, one might desire a high or ...
Demerit may refer to: Demerit good, in economics; Demerit point, awarded for driving infractions in some countries; Demerit (school discipline)
In jurisdictions which use a point system, the police or licensing authorities maintain a record of the demerit points accumulated by each driver. Traffic offenses, such as speeding or disobeying traffic signals, are each assigned a certain number of points, and when a driver is determined to be guilty of a particular offence, the corresponding number of points are added to the driver's total.
Demerit points stay on a driver's record for two years from the original offence date. If a driver accumulates enough points, a suspension/loss of licence can occur. For a fully licensed driver in Ontario, the accumulation of six demerit points results in a "warning" letter. At nine points, the driver is scheduled a mandatory interview to ...
Real estate can be valued or devalued based on the amount of environmental degradation that has occurred. Environmental degradation can cause extreme health and safety risks. There is a growing demand for the use of site assessments (ESAs) when valuing a property for both private and commercial real estate. [17]
The Consumer Financial Protection Bureau (CFPB) on Wednesday warned that credit card companies devaluing or canceling reward points, cash back or miles rewards programs may be breaking the law.