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Drywall
Drywall A construction material used as a basis for interior walls in a home.
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Basis
Original cost of property plus value of any improvements put on by the seller minus the depreciation taken by the seller.
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Draw
A payment, made periodically, to a construction contractor or subcontractor as work progresses. A draw is part of a construction loan.
Draw period
On a line of credit, the draw period is the fixed time when a borrower can make withdrawals from the account.
Draws
1) An advancement of money against future earnings. 2) Periodic advances of funds under a construction loan agreement.
Dropped ceiling
A flat ceiling built lower than the original ceiling.
Dry rot
A fungal decay that causes lumber to crumble.
Drywall
Dual agency
An agency relationship in which the agent acts concurrently for both principals in a real estate transaction.
Dual agent
An agent representing both parties in a transaction.
Dual representation
A broker or salesperson representing both buyer and seller in the same transaction.
Duct
Any kind of pipe or channel that carries water, wiring or conditioned air through a house.
Due diligence
Activities carried out by a prospective purchaser or mortgager of real property to confirm that the property is as represented by the seller and is not subject to environmental or other problems.
This dictionary contains 6433 terms. |
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