This information is provided to you as a service to help you during your real estate transaction or dealings. The Glossary of Terms we use consists of definitions from all over the United States. PLEASE, ALWAYS verify your understanding of any term listed here to be valid in it\'s use within any conversation, Sale or Purchase Agreement, Adendum to the contract, Escrow Instructions, addition or changes to any Ecrow Instructions, Title Policy, Appriasal or any other report used during the process of any Real Estate transaction.

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.