Real Estate Glossary and Terminology

 

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[Q] [R] [S] [T] [U] [V] [W] [X] [Y] [Z]

 

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NEGOTIABLE Capable of being negotiated; assignable or transferable in the ordinary course of business.
NET LISTING A listing which provides that the agent may retain as compensation for his services all sums received over and above a net price to the owner.
NOTE A signed written instrument acknowledging a debt and promising payment.
NOTICE OF QUIT A notice to a tenant to vacate rented property.