The loss in property value caused byeconomic and/or functional factors.

Merriam-Webster Online Dictionary
obsolescence (noun)
the process of becoming or the condition of being nearly obsolete - obsolete the gradual obsolescence of machinery reduced to obsolescence
« Back to Glossary Index
Exam Pass Guarantee

Risk Free Exam Pass Guarantee

We guarantee to help you pass the Real Estate Salesperson or Broker exams. And if you don’t pass we will refund you in full.