Q/U : Qualified/Unqualified - Qualified sales (for appraisal purposes) best represent market pressures, as they are transactions which are arrived at by unrelated educated buyers and sellers with no undue pressures on either party. Some unqualified sales may consist of foreclosures, court settlements, transfers of deed between relatives, in which full market value is not arrived at in the transaction.
Quality - A subjective classification of a structure by an appraiser, intended to describe materials used, workmanship, architectural attractiveness, functional design, and the like.
Quitclaim Deed – A form of conveyance in which any interest the grantor possesses in the property described in the deed is conveyed to the grantee without warranty of title.