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  • September 3, 2010

Real Estate Dictionary

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You are here: Home / Real Estate Terms / N

N

Nail Pops

Nails in load-bearing parts of new homes that pop out slightly due to settling of the structure. …
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NAR Code of Ethics

A formal code of ethics and standards of practice established by the National Association of Realtors (NAR) and by which its members must abide. …
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National Association of Exclusive Buyer

National trade organization of buyer's brokers whose members do not accept property listings. Call (800) 986-2322 for information and referrals. …
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National Association of Home Inspectors (NAHI)

A professional association of independent home inspectors whose members must meet the group's education and performance requirements. Call (800) 448-3942 for list of NAHI-certified inspectors in your area. …
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National Association of Realtors (NAR)

A trade organization for real estate agents and brokers who become members by agreeing to abide by the organization's code of ethics. Members may call themselves Realtors. …
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National Council of State Housing Agencies (NCSHA)

Nonprofit clearinghouse of information on local and state housing agencies. Consumers may call for names of agencies in their area. Phone: (202) 624-7710. …
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National Foundation for Consumer Credit

Nonprofit clearinghouse of information on nonprofit credit counseling centers nationwide. Consumers may call for names of centers in their area. Phone: (301) 589-5600. …
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Needs-Based Pricing

An asking price based on factors such as the funds required to pay off the seller's mortgage, the cost of remodeling, or the purchase of another house. …
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Negative Amortization

Occurs when a borrower's monthly payment is too small to cover both the principal and interest of a loan, so the outstanding balance of the loan actually grows larger with each payment. Many adjustable rate mortgages are susceptible to this. …
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Negative-Slope Driveway

A driveway that drops from street level to the garage. …
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