Real Estate Glossary "U"
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Uniform Residential Appraisal Report (URAR) - The most common appraisal report form used today. Most government agencies use the form. Uniform Settlement Statement (HUD-1) - A form required by RESPA to be used at closings that details financial information of the transaction. universal agent - An agent who represents a principal in all activities. useful life - The length of time an asset will be useful to the owner and can be depreciated. For tax purposes this is defined by the IRS. usury laws - Laws passed by states that limit the interest rates lenders can charge borrowers. |
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