9 Terms
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Relocation
Referring to any service that assists a family to move house or a business to move from one establishment to another.
Industry: Business services
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Relocation
functional obsolescence
Business services; Relocation
A property which does not comply with recognized utility. It may contain features that are not practical or desirable.
fixtures
Business services; Relocation
Property that is attached to real property and is treated legally as real property while it is so attached.
fixed rate mortgage
Business services; Relocation
A mortgage in which the interest rate is constant for the entire term of the loan, typically 15 or 30 years.
financing
Business services; Relocation
Method of providing money to a borrower for the purpose of purchasing a home.
finance charge
Business services; Relocation
Total amount of interest and charges paid on a mortgage.
fiduciary
Business services; Relocation
A person who bears a special legally defined relationship of trust, confidence, and responsibility to others, such as a trustee or agent.
fee simple
Business services; Relocation
The highest degree of ownership that a person can have in real estate. An interest in real estate that gives the owner unqualified ownership and full power of disposition.
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