Dictionary of Terms - Q

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Q

Qualifying Ratio: A ratio calculated by a lender to determine how much a potential buyer can borrow.
Quantity-Survey Method: A method by which reproduction cost new or construction cost may be estimated. This method involves the estimation of quality and quantity of materials on a somewhat individual basis. Provisions must also be made for labor hours and costs. Allowances are made for both direct and indirect cost.
Quiet Title: A court action to remove a cloud on the title.
Quitclaim Deed: A conveyance by which the grantor transfers whatever interest he or she has in the land, without warranties or obligations.





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