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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.
Apr 12, 2024 · Realpolitik, politics based on practical objectives rather than on ideals. The word does not mean “real” in the English sense but rather connotes “things”—hence a politics of adaptation to things as they are. Realpolitik thus suggests a pragmatic, no-nonsense view and a disregard for ethical.
- The Editors of Encyclopaedia Britannica
- As-is. If you see the words “as-is” in a real estate listing, proceed with some caution: This typically indicates that there are repairs or renovations that need to be done that the current owner is not going to address and is passing the burden off to the buyer.
- Built-ins. Built-ins are features like bookshelves, benches, or cabinets that are permanently built into the home itself, and are fairly common in older construction.
- Cozy. While this descriptor may bring to mind a comfy armchair and a steaming mug of cocoa, in real estate, “cozy” tends to mean “small.” The home may have minimal square footage, meaning each room may have very limited space.
- Charming. “Charming” is often another code word for a house with a small footprint, and may also indicate an older construction — which may, indeed, be charming, but might also end up needing costly repairs and renovations.
What does pending mean in real estate? Understanding the differences between contingent and pending can help you identify properties that you still might be able to buy, and also how to move forward if you’re interested.
Feb 1, 2024 · Real estate conversion is the process in which a property undergoes a change in its use or function. The meaning of conversion in real estate is multifaceted, encompassing both the legal and strategic aspects. Legally, it involves the unauthorized use of property by someone who initially had lawful possession, while strategically, it signifies ...
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Jan 28, 2024 · In the realm of real estate, et al. is a term that denotes collective ownership or involvement, typically when deeds or legal documents reference more than one party. Reflecting on et al .’s importance, this section breaks down how it functions in property deeds, affects property owners, and its implications for mortgages and loans.
Nov 9, 2012 · Due diligence means taking caution, performing calculations, reviewing documents, procuring insurance, walking the property, etc. — essentially doing your homework for the property BEFORE you actually make the purchase.
