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texas real estate glossary

Texas Homes & Real Estate Glossary Q
From Qualified Plan, Quarter Section to Quotation

Return to the Real Estate Glossary

Qualified plan - Any employee benefit plan qualified by the IRS as a tax-exempt plan that meets, among other requirements, the requirement that a plan's assets must be placed in trust for the sole benefit of the employees the plan covers.

Quarter Section - According to the divisions of a government survey, 180 acres or one quarter of a square mile of land.

Quotation - A statement of the market price of a property, the price specified to a buyer.

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Dale E. Cook, MBA, Broker/Owner

Sage - Premium Texas Real Estate
405 N. Llano St.
Fredericksburg, TX 78624

830-997-1035 office
830-992-0056 cell

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