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event before the contract can be completed. Contract - An agreement between competent parties to do or not to do certain things which is legally enforceable, whereby each party acquires a right.
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Black’s Guide’s Glossary of Real Estate Terms provides a complete reference dictionary of terms and phrases used in the commercial real estate industry. These definitions have been endorsed by numerous industry organizations as the Market Standard for their respective regions.
Glossary of Real Estate Terms. ese terms represent a small portion of the jargon used in describing the purchase process for real estate. An important part of our relationship is making you more familiar with how these terms are a part of your purchase and ownership of real estate.
Glossary of Real Estate Terms. Abstract of Title: A summary of the public records relating to the ownership of a particular piece of land. It represents a short legal history of an individual piece of property and traces the ownership of that property from the time of the first recorded transfer to present.
never heard before. Just what do they all mean? The Federal Trade Commission, the agency that promotes competition and protects consumers, has prepared this glossary to help you better understand the terms commonly used in the real estate and mortgage marketplace. Annual Percentage Rate (APR): The cost of Appraisal: A professional analysis used
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Mar 20, 2023 · When searching for a home or applying for a mortgage, you may hear your real estate agent or lender use any of the terms or acronyms below. Keep this guide handy — you'll be fluent in the language of home buying before you know it.
The Language of Real Estate is more than a dictionary; it is a totally functional real estate reference book—a comprehensive, encyclopedic, single-volume, instant-answer book to just about any problem or question concerning real estate principles and practice in the United States.
