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GUARDIAN One who is given the lawful custody and care of another(called a ward). TAX LIEN Claim against a property for unpaid taxes. COMMISSION Money paid to a real estate agent or broker for negotiating a real estate or loan transaction. OPEN SPACE Certain portion of the landscape which has not been built upon and which is sought either to be reserved in its natural state or used for agricultural or recreational purposes(such as parks, squares, and the like). AGREEMENT OF SALE Contract signed by buyer and seller stating the terms and conditions under which a property will be sold. BUY-DOWN MORTGAGE A mortgage loan with a below-market rate for a period of time. |
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