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    Real estate cycles (phases)

    The regularly repeating sequence of economic downturns and upturns and associated changes in real estate market transactions tied to market dynamics and changing macro economic conditions, whose phases include (in order) recession, recovery, expansion, and oversupply.

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    Range

    The maximum distance consumers are willing to travel to purchase a good or service from a given establishment or location. Hence, the boundary or outer limits of the market area circumscribed about a location at which a good or service may be...

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    Quality of life

    The psychological and individual aspects of social well-being as perceived and experienced by people in reference to a given geographic area, which reflect a state of mind or position on the prevailing quality of existence in relation to vari...

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    Qualify

    First stage of four-stage transaction management process pertaining to the process of gathering and evaluating information to measure a client’s readiness, willingness, and ability to consummate a transaction. The acronym QUALIFY represents...

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    Proprietary data

    Information obtained (usually at a cost) from private sources or firms that hold the exclusive rights to manufacture and distribute information created for specific commercial applications, supplying business, sales, and market-potential data...

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    Property type

    The classification of commercial real estate based on its primary use. The four primary property types are: retail, industrial, office, and multi-family residential.

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