Double Framing
A Construction method of using twice the number of framing members to provide additional structural strength.
Popular Real Estate Terms
lease computed as a percentage of the underlying appraised property value. Under the terms of a reappraisal lease, the rent is periodically adjusted using an independent appraisal of the ...
Person or business that obtains mortgages for others by finding suitable lenders. The mortgage broker sometimes deals with collections and disbursements. Typically the mortgage broker ...
Received immediately when an investment is made or contract signed. For example, a real estate limited partnership may require that an investor pay a 3% sale fee at the time of initial ...
The definition of abatement is a reduction of penalties or a tax deduction for individuals or businesses. It can often be accessed upon an overpayment of taxes, if the company or individual ...
Money and nonmonetary consideration given to employees for work performed. The reward will typically be increased the better the job is done. Salary and fringe benefits are a major cost of ...
Additional utility an individual receives when purchasing an additional unit of a commodity or service. Represents a trade off between units of cost and unit of utility. For example, an ...
Home prominent in Williamsburg and typical of those in Georgia in the 1700s. The homes usually were 2 to 3 stories, in rectangular form, with double hung windows, two high chimneys, and ...
One who agrees to pay the debts of another in the event that the debtor does not pay. The creditor can demand payment from the surety as soon as the debt becomes due. Although a surety ...
Founded in 1934 and located in Garden, CA with 1993 membership of 9,000, the IRWA is a professional association of appraisers, property managers, title examiners, and others having interest ...
Comments for Double Framing
What is Framing, regarding real estate sales?
Feb 25, 2020 14:03:29Hello, Ann! Thank you for your question! While the term framing explained in the glossary term refers to the structural integrity of a building, framing in terms of sales takes a different direction. The framing effect is a cognitive process through which people make decisions based on various factors that are not always rational or objective. Framing in any sale, not only real estate, is someone’s ability to shape the meaning of a situation, to tell a story, to remove barriers between the seller and the prospect in order to close the transaction. We have an article related to real estate sales that provides few tips to ensure your sale goes through. You might want to check it out.
Apr 08, 2020 10:22:15Have a question or comment?
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