Personality
Definition of "Personality"
person's behavior partly genetic and partly learned through experience over time. Some people have good personal traits while others have poor ones.
Popular Real Estate Terms
Highest amount a property is worth equal to the amount that would have to be paid to buy equivalent property in the market place. ...
Maximum interest rates a borrower might pay for an adjustable rate mortgage. It controls the amount of change in the rate when it adjusts. The first number is the maximum increase allowed ...
An affiliate of the National Association of Real Estate Boards, engaged in educational programs and publications for its members. Its publications include Real Estate Perspectives and Real ...
Prepayment to a landlord for refurbishing the unit beyond what would be anticipated from customary wear and tear. It is like a damage deposit. The security deposit may be refunded at the ...
Fee a borrower is assessed for the right to make a loan payment before the due date. An example is the prepayment charge for paying-off a mortgage early. ...
Partially amortized and requiring a lump sum (balloon) payment at maturity. ...
The amount of rent a property could command in the open market. See also market rent. ...
Right to enter and start construction or furnishing property that is in the process of being purchased. ...
The definition of cooperative housing is well known by real estate agents because they are often involved in the selling process, in most cases. Cooperative housing is a form of ...
Comments for Personality
What does the term personality mean in a real estate contract
Jun 09, 2021 07:08:32Hey JoAnn! Thank you for reaching out to us. The term "personality" refers to the characteristic patterns of feeling, thinking, and behavior of an individual. In relation to the real estate industry, however, the term "personality" does not have a particular meaning or a different role other than its typical definition and meaning.
Jun 11, 2021 07:19:38Have a question or comment?
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