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Today's Real Estate Definitions

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MAINTENANCE FEE - As applied to condominiums and planned developments, the amount charged each unit owner to maintain the common area.
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PRE-QUALIFYING - A method by a lender allowing a prospective home buyer to determine how much may be borrowed on a mortgage loan before making a formal application. This enables the buyer to approximate the price range for the home purchase.

Today's Quote

It has become appallingly obvious that our technology has exceeded our humanity. - Albert Einstein (1879-1955)

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