Real Estate Glossary
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GA Fair Housing Law
This provides its citizens with the same protection as the federal fair housing law. If a person has been discriminated against in Georgia that person may file a complaint under either the federal or the state fair housing laws.
is authorized to act only in a specific trade or business for the principal.
Examples of general agencies:
The right of a creditor to have all of a debtor's property-both real and personal-sold to satisfy a debt.
A partnership that involves two or more individuals who share ownership and management of the business.
Georgia Miltia District
Used to define a property description in some areas of Georgia.
Georgia Real Estate Commission
reflect the market’s behavior of paying less per unit with increases in size. GLA adjustments may be obtained by paired sales analysis or by graphing the cost per square foot against the size of the house.
When using paired sales analysis it is necessary to perform analysis for each variation in GLA between the subject and comparables. Graphing permits a broader application of calculating any variation in GLA in that price and quality range of housing.
Good-Faith Estimate (GFE)
one of the four broad categories of factors affecting the value of real estate, which are - physical, social, economic and governmental.
Governmental factors have a substantial impact on property values and can be subdivided into three main categories. The first is governmental services which includes the availability and quality of services such as police, fire, and schools. For example, school system popularity may result in measurable increases in property values. The second category is government regulation of real estate, and the third category is taxation.