|
| Real Estate Agent In California |
|
Menu
|
Free Classifieds and Advertising for Individuals and Businesses at www.KeepSane.com
OVERRIDE A commission paid to managerial personnel (e.g. principal broker) on sales made by their subordinates, usually calculated as a percentage of the gross sales commissions earned by the salesperson. PROMISSORY NOTE An unconditional written promise of one person to pay a certain sum of money to another, or order, or bearer, at a future specified time. COMMITMENT A pledge or promise to do a certain act, such as the promise of a lending institution to loan a certain amount of money at a fixed rate of interest to a qualified buyer, provided the loan is obtained on or before a certain date. CLIENT TRUST ACCOUNT An account set up by a broker to keep client's monies segregated from the broker's general funds. BROKER One who acts as an intermediary between parties to a transaction. A real estate broker is a properly licensed person who, for a valuable consideration, serves as an agent to others to facilitate the sale or lease of real property. LESSEE The person to whom property is rented or leased; called a "tenant" in most residential leases. |
Copyright © 2004-2005 | www.WeWillBuyYourHouseFast.com | Privacy Policy |