In real estate and land development, a net acre refers to an acre of land that is available for the construction of buildings or other improvements. It excludes portions of a larger parcel that cannot be developed or that must be dedicated to uses such as streets,...

In real estate and finance, negotiable refers to an instrument or document that is capable of being transferred or assigned from one party to another in the ordinary course of business. A negotiable instrument allows the rights it represents to pass to a new holder...

In real estate investment, negative cash flow occurs when the income generated by a property is insufficient to cover its regular operating expenses. These expenses may include mortgage payments, property taxes, insurance, maintenance, and management costs. When a...

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,...

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...

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...

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...