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Real Estate Dictionary

 

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QUADRANT - A quarter of section of a circle. One of the quarters created by two intersection of a road or street. 
QUALITY SURVEY METHOD - Also called "price take-off" method. A process of arriving at an estimate of new construction costs by a detailed estimate of quantities  of necessary building materials plus labor costs. 
QUARTER SECTION - One quarter of a section equates to 160 acres.
QUITCLAIM DEED - A deed operating as a release; intended to pass any title, interest, or claim which the grantor may have in the property, but not containing any warranty of a valid interest or title in the grantor. 
 
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