Capitalization

The process of converting into present value (or obtaining the present worth of) a series of anticipated future periodic installments of net income. In real estate appraisal, it usually takes the form of discounting. The formula is Income/Rate = Value

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Capacity of parties

The legal ability of persons to enter into a valid contract. Most persons have full capacity to contract and are said to be competent parties.

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Canvassing

The practice of making telephone calls or visiting from door to door to seek prospective buyers or sellers; in the real estate business, generally associated with acquired listings in a given area.

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