Spectrus - Investment Real Estate Glossary - F
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- Fair market value
- The highest price that a buyer, willing but not compelled to buy, would pay and the lowest a seller, willing but not compelled to sell, would accept.
- Fee simple
- The greatest possible interest a person can have in real estate.
- Finder's fee
- A fee or commission paid to a mortgage broker for finding a mortgage loan for a prospective borrower.
- Fiscal year
- A continuous 12-month time interval used for financial reporting; the period starts on any date after January 1 and ends one year later.
- Fractional interest
- Ownership of some but not all of the rights in real estate.
- Full disclosure
- A requirement to reveal all information pertinent to a transaction.
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