by Ethan Atkinson | Feb 6, 2026 | K-O, PropertyPedia
In real estate appraisal, a narrative appraisal is a comprehensive written report that explains in detail the factual data, analysis, and appraisal methods used to determine a property’s value. It presents the appraiser’s reasoning and conclusions in a descriptive,...
by Ethan Atkinson | Feb 6, 2026 | K-O, PropertyPedia
In real estate, N.A.R. refers to the National Association of REALTORS®, a professional trade organization representing real estate practitioners in the United States. The association is composed of members who use the title REALTOR®, which denotes adherence to...
by Ethan Atkinson | Feb 6, 2026 | K-O, PropertyPedia
In real estate brokerage, a multiple listing is a property listing, typically an exclusive right to sell agreement, that is submitted to all members of a real estate association or multiple listing service. This arrangement allows each participating broker or...
by Ethan Atkinson | Feb 6, 2026 | K-O, PropertyPedia
In real estate, a multifamily dwelling is a residential building designed to house more than one family or household. Each unit within the building typically provides separate living facilities, including sleeping, cooking, and bathroom areas. Multifamily dwellings...
by Ethan Atkinson | Feb 6, 2026 | K-O, PropertyPedia, Real Estate
In real estate finance, a mortgagor is the party that borrows money and grants a mortgage on real property as security for the loan. The mortgagor pledges the property to the lender while retaining possession and use of it. The mortgagor is obligated to repay the loan...
by Ethan Atkinson | Feb 6, 2026 | K-O, PropertyPedia, Real Estate
In real estate finance, a mortgagee is the party that lends money to a borrower and receives the mortgage as security for the loan. The mortgagee holds a lien against the real property to secure repayment of the debt. The mortgagee is typically a bank, financial...
