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D

demand

is one of the four essential characteristics that must be present for any product to have value. Demand refers to the desire to have something. People must desire or need an item for it to have value. However, for this analysis, the desire alone is insufficient. The desire must be coupled with the financial ability to purchase. Value isn’t created just because people “want” something. They have to want and be able to buy – then value will be created.

The four essential characteristics or elements of value are: Demand, Utility, Scarcity, and Transferability – a useful tool to remember them is the acronym DUST.

designated agency

the broker may appoint sales people employed by the broker to represent the interests of buyer and seller.


developer

Real estate developers invest in land, add improvements and subdivide the land into the residential building sites.

devise

A gift of real property in a will. The recipient is the devisee.

direct costs

are the costs for materials, the labor to install the materials and for subcontractor fees. Direct costs are often referred to as “hard costs” or the costs that result in visible improvements to the land.

disclaimers

indications made on real estate websites that the material on the site is solely for informational purposes and that no warranties or representations have been made.

disclosure

the giving out of information, either voluntarily or to be in compliance with legal regulations.

discount point

used to increase the lender's rate of return on its investment.

For example, the interest rate that a lender charges for a loan might be less than the yield an investor demands. To make up the difference the lender charges the borrower discount points. The number of points charged depends on two factors:

  • difference between the loan's stated interest rate and the yield required by the lender.
  • how long the lender expects it will take the borrower to pay off the loan.

districts and land lots

A legal description system used in Georgia. Grid lines divide areas into rectangles or squares and large square areas are divded into districts. Land lots further divide each district.

Do Not Call Registry

The Do-Not-Call Implementation Act of 2003 authorized the Federal Trade Commission (FTC) to create and maintain a national list of telephone numbers whose owners no longer wanted to receive telephone solicitations. It is necessary to verify that numbers being called are not listed on the Do Not Call Registry.



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