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9 Cards in this Set
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Market value or market price |
Market value is the price that a property would sell for on the open market, factoring in a realistic amount for expenses such as brokers' fees. Market price is the amount an individual is willing to pay for a property. |
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Master Plan |
A master plan is a dynamic 动态long-term planning document that provides a conceptual 全面的layout布局 to guide future growth and development. Master planning is about making the connection between buildings, social settings, and their surrounding environments. |
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Material Defect |
In essence, a material fact is something the seller knows would impact the home's value or desirability. |
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Mechanic’s lien |
A mechanics lien is a "hold" against your property, filed by an unpaid contractor, subcontractor, laborer, or material supplier, and is recorded with the county recorder's office. If unpaid, it allows a foreclosure action, forcing the sale of the property in lieu of compensation. |
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Metes-and-bounds |
The legal description of a parcel of land that is measured in distances, angles, and directions. A surveyor uses directions and distances from physical monuments to define and describe the boundaries of the parcel of land. |
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Mill rate also known as mill ravy or tax rate |
the "tax rate" that is applied to the assessed value of a property. One mill is one dollar per $1,000 dollars of assessed value. It consists of a local portion which is used to fund area services and a statewide portion which is used to fund public schools. |
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Municipality 市政当局 |
is a city or town that is considered local government. |
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Mortgage yield |
interest returns a lender gets from a mortgage |
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Mortgage yield |
Interest return a lender gets from a mortgage |
