Negotiable

Capable of being negotiated; assignable or transferable in the ordinary course of business.

Net Listing

A listing which provides that the agent may retain, as compensation for his services all sums received over and above a net price to the owner.

Net Worth

Value remaining after subtracting the liabilities from the assets of a company or an individual.

Nonconforming Use

A use that was lawfully established and maintained, but no longer conforms to the use regulations of the zone in which it is located because of a subsequent change in a zoning ordinance.

Notary Public

An official authorized by law to witness or attest to an acknowledgment by a person who has executed an instrument.

Note

A signed written instrument acknowledging a debt and promising payment.

Notice of Default

A notice filed to show that the borrower under a mortgage or deed of trust is in default (behind on the payments).

Notice of Non-Responsibility

A notice provided by law designed to relieve a property owner from responsibility for the cost of improvements ordered by another person

Notice of Rescission

A recorded notice to rescind a notice of default of a mortgage or deed of trust.