A GLOSSARY OF REAL ESTATE TERMS


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Word List Definitions
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
You chose: New town

A large mixed-use development built in the early 1970s under financial assistance from the federal government in a previously undeveloped areas designed to avoid unplanned development as a live, shop and work community to attract population into less developed regions under a central plan and of which Columbia, Maryland and Reston, Virginia are excellent examples.