Real Estate Terms

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Any non-binding quotes provided by the Zillow Companies for Third-Party Providers financial products are not intended to be official Loan Estimates as defined in the Real Estate Settlement Procedures Act or the Truth in Lending Act or otherwise serve as a disclosure of any specific loan terms or conditions under any state or federal law.

Real estate terms. Better understand the terms commonly used in the real estate and mortgage marketplace. The terms Realtor and real estate agent although commonly used interchangeably are actually two different titles. To be added to.

Lease a contract granting use or occupation of property during a specified time for a specified payment. As a jumping off point weve compiled 50 of the most common terms used in real estate and defined them for you. Learn vocabulary terms and more with flashcards games and other study tools.

Start studying Real Estate Terms. Capacity of parties The legal ability of persons to. Days on market DOM Due diligence.

Accrued interest is interest. General real estate terms. In the real estate business generally associated with acquired listings in a given area.

Other Real Estate Terms to Know. Russell Jones Real Estate 536 Broadway East Seattle WA 98102. Real estate terms that begin with C Canvassing The practice of making telephone calls or visiting from door to door to seek prospective buyers or sellers.

ALLOTMENT A lot or block subdivided from a. The process of buying selling and investing in real estate is complicated and not surprisingly so is all the terminology that comes with it. Russell Jones Real Estate Seattle Real Estate Terms and Conditions.

Annual Percentage Rate APR. AGISTMENT Where a landowner allows cattle horses or similar animals to come upon his land for grazing purposes in return for the payment of a fee. Accretion - The addition of land through processes of nature as by water or wind.

Commission is earned by both the buyers and sellers real estate agents for their work in coordinating the home sale. Recovery fund A fund set up by commissions in a few states to protect the public from real estate agents committing harmful acts. AGGREGATE Crushed stones gravel andor sand mixed in with cement to make concrete.

View listing photos review sales history and use our detailed real estate filters to find the perfect place. Commission is paid as a percentage of the total home cost often around 6 and is split equally between the two agents. Real Estate by School District.

Accrued Interest - Accrue. Zillow has 1438 homes for sale in Seattle WA. If you are a real estate agent you are not automatically a Realtor.

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Homeowners association HOA iBuyer. Leasehold estate - an interest in real estate granted by a lease typically limited to a specified term of years and which estate terminates at the end of the lease. There is a lot of real estate terminology used during the home buying and selling process and CENTURY 21 is here to help you understand those terms.

We have created a glossary of the most commonly used real estate terms and their definitions in order to help you better understand terminology used along your home buying. GLOSSARY OF REAL ESTATE TERMS A Abstract of Title - A summary of al1 of the recorded instruments and proceedings which affect the title to property arranged in the order in which they were recorded.

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