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Undue influence
Undue influence Strong enough persuasion to completely overpower the free will of another and prevent him or her from acting intelligently and voluntarily, as in a case where a broker guilty of blockbusting has induced someone to sell in fear of a change in the racial character of the community.
RELATED TERMS--------------------------------------
Will
A written document, properly witnessed, providing for the transfer of title to property owned by the deceased, called the testator.
Broker
A person who acts as an intermediary between two or more parties in connection with a transaction for a fee or commission.
Blockbusting
An illegal and discriminatory practice whereby one person induces another to enter into a real estate transaction from which the first person may benefit financially by representing that a change may occur in the neighborhood with respect to race, sex, religion, color, handicap famial status or ancestry of the occupants.
Change
The appraisal principle that holds that no physical or economic condition remains constant.
SIMILAR TERMS--------------------------------------
PREVIOUS AND NEXT TERMS--------------------------------------
Underwriter
A person who evaluates the risk of default by a mortgage loan applicant, and grants approval or denial of the loan.
Underwriting
The process of analyzing a loan application to determine the amount of risk involved in making the loan.
Undisclosed dual agency
An illegal situation that arises when a real estate broker represents both parties but does not inform one or more of the parties.
Undisclosed heir
A person who claims the right to a piece of property after the death of an owner without a will.
Undisclosed spouse
An unidentified marital partner who can claim the right to a piece of property.
Undue influence
Unearned income
Income such as interest, dividends, capital gains or rents, as opposed to earned income, such as wages, tips and salaries.
Unencumbered
Property that is free of liens and other encumbrances.
Unenforceable contract
A contract which is considered unenforceable either because it cannot be proven or will not be enforced by a court.
Unequivocal
Unambiguous; clear; having only one possible meaning or interpretation.
Uniform Building Code
A national building code published by the International Conference of Building Officials.
This dictionary contains 6433 terms. |
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