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Transaction Underway.

Last updated 08-20-2026

California Department of Real Estate

Updated 08-20-2026

Transaction Underway.

FROSTLINE — The depth of frost penetration in the soil. Varies in different parts of the country. Footings should be placed below this depth to prevent movement. application plus the gross margin stated in the note. FUNCTIONAL OBSOLESCENCE — A loss of value due to adverse factors from within the structure which affect the utility of the structure, value and marketability. FUTURE BENEFITS — The anticipated benefits the present owner will receive from the property in the

California Department of Real Estate Glossary

California Department of Real Estate · p. 16

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