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The distinction between extraordinary assumptions and hypothetical conditions can be a matter of law or professional standards in the field of real estate appraisal in the United States where the distinction is not only codified in USPAP, but enforced by various state real estate appraiser commissions or professional boards. However, the ...
A conditional sale is a real estate transaction where the parties have set conditions. [1] [2] A standard real estate transaction usually begins when a prospective purchaser submits an offer to purchase to the vendor of a property. As in a standard offer, a conditional offer sets out the terms of the sale such as the purchase price, the date of ...
Property condition assessments (PCAs) (also known as the property condition report, or PCR) are due diligence projects associated with commercial real estate.Commercial property and building inspections are important for clients seeking to know the condition of a property or real estate they may be purchasing, leasing, financing or simply maintaining.
A listing contract (or listing agreement) is a contract between a real estate broker and an owner of real property granting the broker the authority to act as the owner's agent in the sale of the property. [1] If the broker is a member of the National Association of Realtors, the agreement must include all of the following terms:
In aviation, instrument flight rules (IFR) is one of two sets of regulations governing all aspects of civil aviation aircraft operations; the other is visual flight rules (VFR). The U.S. Federal Aviation Administration 's (FAA) Instrument Flying Handbook defines IFR as: "Rules and regulations established by the FAA to govern flight under ...
Instrument rating refers to the qualifications that a pilot must have in order to fly under instrument flight rules (IFR). It requires specific training and instruction beyond what is required for a private pilot certificate or commercial pilot certificate, including rules and procedures specific to instrument flying, additional instruction in meteorology, and more intensive training in flight ...
Instrument Flight Rules (IFR) flight below 18,000 ft ASL when no other code has been assigned. [7] ICAO: Non-discrete mode A code reserved use in mode S radar/ADS-B environment where the aircraft identification will be used to correlate the flight plan instead of the mode A code. [1] US: Used exclusively by ADS-B aircraft to inhibit mode 3A ...
In aviation training, a view-limiting device simulates instrument meteorological conditions (IMC) by restricting a pilot's field of view only to the flight instruments.They are worn by pilots who are working toward an instrument rating, which allows a pilot to fly under instrument flight rules in conditions that do not permit visual flight.