NAR
Narrative appraisal report - brief form
Narrative appraisal report - full form
National Association of REALTORS®, NAR
National Flood Insurance Program
National Savings and Loan League
Natural person
Natural vacancy rate
Necessaries
Negative amortization
Negative cash flow
Negative easement
Negative fraud
Negotiable
Negotiable instrument
Negotiation
Neighborhood
Neighborhood shopping center
Net income
Net income multiplier
Net lease
Net listing
Net operating income, NOI
Net profit
Net spendable income
Net worth
Neutral depository
New England colonial
New England farmhouse
New town
Nominal interest rate
Nominal tax
Non-institutional lender
Nonbearing wall
Noncompete clause
Noncompetition clause
Nonconforming loan
Nonconforming use
Nonhomogeneity
Nonrecourse
Nonresident
Nonresidential
Nonzoning
Normal wear and tear
Notary public
Note
Note rate
Notice
Notice of cessation
Notice of completion
Notice of default
Notice of intention to sell
Notice of nonresponsibility
Notice of trustee's sale
Notice to quit
Notorious possession
Novation
Nuisance
Null and void
Nuncupative will
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You chose: Negotiation
The bargaining process that precedes a successful contractual agreement and generally creates a win-win situation for all of the parties.
Example: Nelson wishes to purchase a property from Newman. Nelson is willing to pay up to a certain price and desires certain conditions placed on the sale. Newman will accept anything over a certain price and may be willing to help finance the purchase for a higher price. In negotiation Nelson and Newman attempt to come to an agreement over the price and conditions. When they agree, a sales contract is EXECUTED.
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