Dictionary

Nonconventional Loan

Tampa School of Real Estate

Definition:   a mortgage loan, such as an FHA or VA,  that is insured or guaranteed by the federal government Pronunciation:    \(ˈ)nän-kən-ˈvench-nəl, -ˈven(t)-shə-nəl\ Used in a Sentence:   We applied for...

Nonconventional Loan

Tampa School of Real Estate

Definition:   a mortgage loan, such as an FHA or VA,  that is insured or guaranteed by the federal government Pronunciation:    \(ˈ)nän-kən-ˈvench-nəl, -ˈven(t)-shə-nəl\ Used in a Sentence:   We applied for...

Nonconforming Use

Tampa School of Real Estate

Definition:  a permitted use of real property that was lawfully established and maintained at the time of its original construction but that no longer conforms to the current zoning law...

Nonconforming Use

Tampa School of Real Estate

Definition:  a permitted use of real property that was lawfully established and maintained at the time of its original construction but that no longer conforms to the current zoning law...

Nolo Contendere

Tampa School of Real Estate

Definition:    a plea by a defendant in a criminal prosecution that without admitting guilt subjects the defendant to conviction as in the case of a guilty plea Pronunciation:  \ˈnō-(ˌ)lō-kən-ˈten-də-rē\ Used...

Nolo Contendere

Tampa School of Real Estate

Definition:    a plea by a defendant in a criminal prosecution that without admitting guilt subjects the defendant to conviction as in the case of a guilty plea Pronunciation:  \ˈnō-(ˌ)lō-kən-ˈten-də-rē\ Used...

No Brokerage Relationship

Tampa School of Real Estate

Definition:   the broker does not represent the customer (customer may be the buyer or the seller) Pronunciation:    \ˈbrō-k(ə-)rij\  \ri-ˈlā-shən-ˌship\ Used in a Sentence:    In a no brokerage relationship, the...

No Brokerage Relationship

Tampa School of Real Estate

Definition:   the broker does not represent the customer (customer may be the buyer or the seller) Pronunciation:    \ˈbrō-k(ə-)rij\  \ri-ˈlā-shən-ˌship\ Used in a Sentence:    In a no brokerage relationship, the...

Net Operating Income (noi)

Tampa School of Real Estate

Definition:    the resulting amount when all operating expenses are subtracted from effective gross income Pronunciation: Used in a Sentence:    The net operating income from the apartment building was...

Net Operating Income (noi)

Tampa School of Real Estate

Definition:    the resulting amount when all operating expenses are subtracted from effective gross income Pronunciation: Used in a Sentence:    The net operating income from the apartment building was...

Net Lease

Tampa School of Real Estate

Definition:   a lease, usually commercial, in which the tenant not only pays the rent for occupancy but also pays maintenance and operating expenses such as taxes, insurance, utilities and repairs....

Net Lease

Tampa School of Real Estate

Definition:   a lease, usually commercial, in which the tenant not only pays the rent for occupancy but also pays maintenance and operating expenses such as taxes, insurance, utilities and repairs....