Real
Estate Glossary
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QUADRAPLEX:
A building containing
four dwelling units.
QUALIFICATION RATE:
The rate of interest
used to calculate whether
or not a borrower qualifies
for a mortgage.
QUALIFICATION REQUIREMENTS:
Those guidelines set
by lenders to be used
when deciding whether
or not an applicant
will be given a loan.
QUALIFIED ACCEPTANCE:
Also known as "conditional
acceptance". Agreeing
to enter a contract
provided certain conditions
are met.
QUALIFIED BUYER:
A purchaser who has
been pre-approved for
financing.
QUALIFIED FEE ESTATE:
A legal interest in
land which is limited.
QUANTUM:
Literally, the amount.
QUARTER SECTION:
A measurement from the
Government Survey Method,
measuring 2,640 feet
on each side and containing
160 acres.
QUIET ENJOYMENT:
The legal right of an
owner or tenant to have
uninterrupted use of
the property or premises
without interference.
QUIT CLAIM DEED:
A conveyance which releases
any interest the conveying
party may have in a
property without any
warranty as to that
party's claim.