MNL43-2ND: Chapter 2: Speaking the LanguageTerminology

    Pages: 7    Published: Jan 2007


    Abstract

    Standardized terminology enables regulators, users and producers to speak the same language without having to explain the meaning of every technical term used. When the players in a commercial real estate transaction utilize common terminology, it speeds up the communication process, resulting in an efficient use of time and resources.


    Paper ID: MNL11244M

    Committee/Subcommittee: E50.02

    DOI: 10.1520/MNL11244M


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    ISBN10: 0-8031-4273-0
    ISBN13: 978-0-8031-4273-2