Lorence Chuck Ottley

 Real Estate Glossary

Real Estate Glossary
Our glossary is the largest dictionary of real estate and construction terms on the Internet with almost 10,000 definitions.



 


A method, based on the Pythagorean Theorem, of squaring a foundation layout. Points are marked 3 feet from the corner on one side and 4 feet on the other. If the angle is truly 90 degrees, a line connecting the two marked points will measure precisely 5 feet.

A lender uses this rule to determine a borrower's housing affordability. It says that a borrower can afford no more than 35% of monthly take-home pay.

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Our glossary is the largest dictionary of real estate and construction terms on the Internet with almost 10,000 definitions.

Lorence Chuck Ottley
Broker/Owner, Master Certfied Real Estate Negotiator
Sellstate Dominion Realty
1401 Mercantile Lane Ste 483
Largo, MD 20774
Office: (301)333-1111 ext: 100
Fax: 888-908-2827
Toll Free: (800)895-7653 (SOLD) ext: 100
Cell: 3017920362