Tag: Definition

  • HOA (Homeowners Association): Definition, Fees and Rules

    When buying a home, it can be stressful to consider all of the elements at play, the first of which is how much house you can afford. For example, you may begin with the house itself—its size, style, number of rooms, and facilities. Then there’s the location—closeness to employment, school system quality, neighborhood atmosphere.Then you…

  • SPECIAL WARRANTY DEED: Definition & How It Works (Texas & Florida)

    A signed deed is required to transfer ownership of a property when purchasing a home. General warranty deeds, quitclaim deeds for property transfer between friends and relatives, and bargain and sale deeds are among the several types of deeds used in real estate. We’ll talk about the special warranty deed in this piece. We’ll go…

  • OPERATIONAL EFFICIENCY: Definition, Examples & All to Know

    For any business, increasing operational effectiveness is a continuous effort. As markets, competition, technology, and customers change, businesses must continuously iterate to increase margins, lower costs, and enhance quality. Although it’s not simple, there are techniques to comprehensively increase operational efficiency across the board in a corporation. So, in this article, we will ensure that…

  • ENCUMBRANCE IN REAL ESTATE: DEFINITION & HOW IT WORKS

    There is a certain limit to almost everything, including an individual that owns real estate. As impossible as it may sound, someone other than the owner can actually place a claim against the property. This act is recognized as an encumbrance on real estate. As someone who’s into real estate, the word “encumbrance” should be…

  • FOCUS GROUP: Definition and Detailed Guide on How to Run a Focus Group Discussion

    Focus groups play a useful role in market research. Researchers use them to gather qualitative data and in-depth insights on various products and services. This in turn reveals customer attitudes on these products. A focus group consists of 6 to 10 participants who come together to take part in a planned discussion, usually in the…

  • Escrow Disbursement: Definition, Types, Pros, and Cons

    Wondering what escrow disbursement is? It’s simply about making a payment from your escrow account. An escrow disbursement is a process in real estate that involves dispensing the sum kept in escrow to cover homeowner’s insurance, property taxes, and other property expenditures. Borrowers are typically required to deposit funds into an escrow account at or…