1a : a quality or trait belonging and especially peculiar to an individual or thing. b : an effect that an object has on another object or on the senses. c : virtue sense 2. d : an attribute common to all members of a class.
What does MOL mean in real estate NZ?
Metropolitan open land (MOL)
What is unconscionable conduct in real estate?
Unconscionable conduct is unfair or unreasonable conduct in business transactions or a statement or action so unreasonable it goes against good conscience. In the property development context, acting in a way which puts property purchasers at a disadvantage may be unconscionable conduct.
What type of word is property?
noun, plural prop. er. ties. that which a person owns; the possession or possessions of a particular owner: They lost all their property in the fire.
What does MOL mean on a real estate sign?
The single most-used abbreviation in real estate, ironically, is seldom if ever explained, maybe because it is so universal. The three little words behind it sidled themselves into that first paragraph up there, where I’ll bet most people hardly noticed them: “More or less” MOL.
What does MOL stand for in land?
Metropolitan open land
Metropolitan open land (MOL) is a form of land designation within London. Land designated as MOL is intended to be protected as an area of landscape, recreation, nature conservation or scientific interest. MOL designation provides land with the same level of protection as the Green Belt.
What are the abbreviations for real estate professionals?
All abbreviations on this list are typically written in all capital letters. Real estate agents and other real estate professionals often need to have specific certifications and may work with or belong to different associations or groups.
What does it mean to be a real estate agent?
AGENT – A person authorised to act for another (usually for the owner) in the selling, buying, renting or management of a property. Commonly used to refer to licensed real estate agents and real estate representatives.
What does Roi stand for in real estate?
ROI is a ratio which measures the net profit vs. the cost of investment. The higher the ROI, the more profit you’re making. Net operating income (NOI) is a formula which measures the profit a rental property generates after covering its expenses. The NOI formula is as follows:
What do all those property terms mean in real estate?
A property not owned by individuals but by groups; (b) In a home (villa) unit or flat development that part of the property owned and used in common by all the unit or flat owners or occupiers and which is maintained by the Body Corporate.
