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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
relocation incentive
Business services; Relocation
A payment made to relocation employees as an inducement for accepting an assignment that requires a transfer.
relocation appraisal
Business services; Relocation
The methodology and format by which the Anticipated Sales Price of a residential housing unit, using the market data approach to value, is established. Assumes an arm’s length transaction, and ...
relocation allowance
Business services; Relocation
An allowance provided to transferred employees to offset miscellaneous expenses encountered during a household move, which are not otherwise reimbursed. The allowance is paid either as a lump sum or ...
refinance
Business services; Relocation
The process of paying off one loan with the proceeds from a new loan using the same property as security.
recording
Business services; Relocation
Filing documents affecting real property as a matter of public record, giving notice to future purchasers, creditors, or other interested parties. Recording is controlled by statute and usually ...
qualifying ratio
Business services; Relocation
General guidelines that help establish a borrower’s borrowing limits for the purpose of obtaining a mortgage.
qualified buyer
Business services; Relocation
A buyer who is ready, willing, and able to purchase a home and has been pre-qualified by a lender.
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