Daily Traffic Counts measure the number of vehicles traveling on a given highway or street per day. This data, often collected by state departments of transportation, is crucial for assessing road usage and planning.
The REALTORS® Land Institute (RLI) is a specialized affiliate of the National Association of REALTORS® focused on facilitating land brokerage transactions across various categories including farms and ranches, undeveloped tracts of land, transitional and development land, and more.
A trade area, also known as a market area, refers to the geographical region from which a business, especially a retail or service enterprise, draws its customers. This concept is crucial in real estate and retail industries for strategic planning, marketing, and site selection.
With over 3,000 definitions (and 30,000 Quizes!), our Lexicon of Real Estate Terms equips buyers, sellers, and professionals with the knowledge needed to thrive in the real estate market. Empower your journey today!