Real Estate Term of the Day: Mill & Levy MILL – one tenth of a cent. Used in expressing tax rates on a per-dollar basis (Barron’s Dictionary of Real Estate Terms) LEVY – to legally impose or collect that which is due (Barron’s Dictionary of Real Estate Terms) According to Investopedia, a mill levy is defined as the … More Real Estate Term of the Day: Mill & Levy
Real Estate Term of the Day: Megan’s Law MEGAN’S LAW – federal law requiring states to develop programs to notify communities when convicted sex offenders are released into their neighborhood. In most cases, a public register is maintained to indicate the presence of an offender. Formally, the Child Protection Act of 1996. (Barron’s Dictionary of Real Estate … More Real Estate Term of the Day: Megan’s Law
Real Estate Term of the Day: Material Fact MATERIAL FACT – a fact that is germane (relevant) to a particular situation; one that participants in the situation such as a trial, may reasonably expected to consider (Barron’s Dictionary of Real Estate Terms) In the Colorado Real Estate Commission approved Exclusive Right-to-Buy Listing Contract and the Exclusive … More Real Estate Term of the Day: Material Fact
Real Estate Term of the Day: Master Plan MASTER PLAN – a document that describes, in narrative and with maps an overall development concept. The master plan is used to coordinate the preparation of more detailed plans or may be a collection of detailed plans. The plan my be prepared by a local government to guide private … More Real Estate Term of the Day: Master Plan
LESLIE MONACO REAL ESTATE 