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Independent
Independent A brokerage firm operating on-its-own without an affiliation with a regional or national franchise.
RELATED TERMS--------------------------------------
Brokerage
The bringing together of parties interested in making a real estate transaction.
Franchise
1) A privilege granted to conduct certain service businesses, such as a franchise real estate brokerage. 2) The private contractual right to operate a business using a designated trade name and the operating procedures of the parent company (the franchisor).
SIMILAR TERMS--------------------------------------
Independence property
Property in Independence, USA. Apartments, flats, houses, offices and other property in Independence.
Independent bank
A bank that is locally owned and operated, and not associated with a bank holding company.
Independent contractor
One who is retained to perform a certain act, but who is subject to the control and direction of another only as to the end result and not as to how he or she performs the act.
Independent Financial Adviser (IFA)
A qualified professional who is not tied to any company and who can advise you on a range of products including mortgages, insurance and pensions from a range of providers.
Index
A measurement used by lenders to determine changes to the Interest rate charged on an adjustable rate mortgage.
Index lease
A lease containing an escalation clause that is tied to an index.
Index method
The appraisal method of estimating building costs by multiplying the original cost of the property by a percentage factor to adjust for current construction costs.
Index rate
The rate to which the interest rate on an adjustable rate loan is tied. At set adjustment periods, the borrower's interest rate will move up or down as the index rate changes.
Index Tracker Mortgage
The interest rate tracks an index such as the base rate or LIBOR and often has a set percentage added to it.
PREVIOUS AND NEXT TERMS--------------------------------------
Income return
The percentage of the total return that is generated by the income from operations of a property, fund or account
Incompetent
An individual who is unable to handle his own affairs by reason of some medical condition (e.g., insanity, Alzheimer's).
Incorporeal right
A nonpossessory right in real estate; for example, an easement or a right of-way.
Increasing and diminishing returns
The addition of more improvements to land and structures which increases value only to the assets' maximum value. Beyond that point, additional improvements no longer affect a property's value.
Incurable defect
A defect in a property that cannot be fixed, such as an adjacent hazardous waste site, or that would cost too much to repair relative to the value of the property.
Independent
Independent bank
A bank that is locally owned and operated, and not associated with a bank holding company.
Independent contractor
One who is retained to perform a certain act, but who is subject to the control and direction of another only as to the end result and not as to how he or she performs the act.
Independent Financial Adviser (IFA)
A qualified professional who is not tied to any company and who can advise you on a range of products including mortgages, insurance and pensions from a range of providers.
Index
A measurement used by lenders to determine changes to the Interest rate charged on an adjustable rate mortgage.
Index lease
A lease containing an escalation clause that is tied to an index.
This dictionary contains 6433 terms. |
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