Riverside Real Estate Agent
Riverside Real Estate Agent
Riverside Real Estate Agent

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Real Estate Terms of the Day for Riverside Real Estate Agent



OFFICE EXCLUSIVE
A listing in which the seller refuses to submit the listing to Multiple Listing Service, even after being informed of the advantages of MLS, and signs a certification to that effect.

PERCOLATION TEST
A hydraulic engineer's test of soil to determine the ability of the ground to absorb and drain water.

QUIET ENJOYMENT
The right of a new owner or a lessee legally in possession to uninterrupted use of the property without interference from the former owner, lessor or any third party claiming superior title.

TAKE-OUT FINANCING
Long-term permanent financing.

TRUTH-IN-LENDING ACT
Federal law requiring written disclosure of the terms of a mortgage (including the APR and other charges) by a lender to a borrower after application. Also requires the right to rescission period.

GUARDIAN
One who is given the lawful custody and care of another(called a ward).

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