Real Estate Glossary
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QUADRAPLEX:
A building containing four dwelling units.
QUALIFICATION RATE:
The rate of interest used to calculate whether or not a borrower qualifies for a mortgage.
QUALIFICATION REQUIREMENTS:
Those guidelines set by lenders to be used when deciding whether or not an applicant will
be given a loan.
QUALIFIED ACCEPTANCE:
Also known as "conditional acceptance". Agreeing to enter a contract provided
certain conditions are met.
QUALIFIED BUYER:
A purchaser who has been pre-approved for financing.
QUALIFIED FEE ESTATE:
A legal interest in land which is limited.
QUANTUM:
Literally, the amount.
QUARTER SECTION:
A measurement from the Government Survey Method, measuring 2,640 feet on each side and
containing 160 acres.
QUIET ENJOYMENT:
The legal right of an owner or tenant to have uninterrupted use of the property or
premises without interference.
QUIT CLAIM DEED:
A conveyance which releases any interest the conveying party may have in a property
without any warranty as to that party's claim
