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Nov 13, 2023 · A Realtor is a real estate agent who is a dues-paying member of the National Association of Realtors. NAR members are held to a high standard of professionalism and adhere to a strict code of ethics. Refinance. If a borrower takes out a new loan on the same property, it’s called a refinance.
Mar 20, 2023 · Real estate terminology can be confusing. That's why we've created this glossary of real estate terms and expressions you should know.
Below-grade: Any facility or part of a facility located underground or below the surface grade. Breach of Warranty: The failure of the seller of real property to pass title as either expressed or implied by law in the conveyancing document. Buffer: A strip of land. a transition established as between distinct land uses.
Generally, "blockbusting" denotes the real estate and building development business practices which both profit and are fueled by anti-black racism. Real estate companies used deceitful tactics to make white homeowners think that their neighborhoods were being "invaded" by non-white residents, [8] which in turn would encourage them to quickly ...
Welcome to our online real estate dictionary, where you’ll find over 1400 definitions of real estate terms and jargon. The go-to source for real estate agents, brokers, homeowners, home buyers, landlords, renters, property owners, landowners and mortgage providers.
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An opinion of the market value of a home expressed by a real estate appraiser. Arbitration: The term used to describe a form of dispute resolution that occurs outside of the court system. Basically, arbitration is a dispute resolution system where the parties submit arguments and evidence to a neutral person, know as the arbitrator, who then ...
verb (used without object) to fall into decay; fall to pieces. to come to downfall or destruction. ruin. / ˈruːɪn / noun. destroyed or decayed building or town. the state or condition of being destroyed or decayed. loss of wealth, position, etc, or something that causes such loss; downfall. something that is severely damaged. his life was a ruin.