Mediation
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  Mediation



Mediation

   A process where a neutral third party intervenes between the disputing parties to reach a satisfactory solution.



SIMILAR TERMS
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Median
The middle figure in a set of numbers.

Median price
In a given area, the amount paid for a house in which half of the houses in that area sell for less and half sell for more.

Medina property
Property in Medina, Saudi Arabia. Apartments, flats, houses, offices and other property in Medina.

Medinipur property
Property in Medinipur, India. Apartments, flats, houses, offices and other property in Medinipur.



PREVIOUS AND NEXT TERMS
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Mean
The average of all items included within a group, calculated by dividing the sum of the individual items, or variates, by the number of variates.

Mechanical systems
A house’s heating, cooling, plumbing and electrical apparatus.

Mechanic's lien
A lien created by statute on a specific property for labor or materials contributed to an improvement on that property.

Median
The middle figure in a set of numbers.

Median price
In a given area, the amount paid for a house in which half of the houses in that area sell for less and half sell for more.

Mediation

Meeting of the Minds
When all individuals to a contract agree to the substance and terms of that contract.

Meeting space
In hotels, space made available to the public to rent for meeting, conference or banquet uses

Mello-roos bonds
Based on passage of the Mello-Roos Community Facilities Act of 1982, certain housing tracts may be within what are called "community facilities districts" where special taxes are assessed to finance designated public facilities and-or services.

Member bank
A commercial bank with membership in the Federal Reserve System, and which maintains reserve deposits in the Federal Reserve Bank in its district.

Mentor program
A training program in a real estate office wherein newly-hired agents assist successful, knowledgeable salespersons for a period of time.

This dictionary contains 6433 terms.
      












                    © Real Estate Dictionary 2005 - All rights reserved -

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