|
| Real Estate Agent Job |
|
Menu
|
Free Classifieds and Advertising for Individuals and Businesses at www.KeepSane.com
PARTY WALL A wall which is located on or at a boundary line between two adjoining parcels and is used or is intended to be used by the owners of both properties in the construction or maintenance of improvements on their respective lots. SPOT LOAN A loan on a particular property, usually a condominium unit, by a lender who has not previously financed that particular condominium building. COLLATERAL Something of value given or pledged as security for a debt or obligation. The collateral for a real estate mortgage loan is the mortgaged property itself, which has been hypothecated. RELEASE The discharge or relinquishment of a right, claim or privilege. Releases involving real property transactions should be acknowledged and recorded. DEED A written instrument by which a property owner "grantor" transfers to a "grantee" an ownership in real property. 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. INJUNCTION A legal action which forbids a party defendant from doing some act; it requires a person to whom it is directed to refrain from doing a particular thing. BARGAIN AND SALE DEED A deed which recites a consideration and conveys all of the grantor's interest in the property to the grantee. |
Copyright © 2004-2005 | www.WeWillBuyYourHouseFast.com | Privacy Policy |