by Myers Jackson | Dec 31, 2024 | Auction News
Gift Letter A letter that a family member writes verifying that s/he has given you a certain amount of money as a gift and that you don’t have to repay it. You can use this money towards a portion of your down payment with some mortgages.with the mortgage transaction....
by Myers Jackson | Dec 31, 2024 | Auction News
Exclusive Right-to-Sell Listing The traditional kind of listing agreement under which the property owner appoints a real estate broker (known as the listing broker) as exclusive agent to sell the property on the owner’s stated terms, and agrees to pay the listing...
by Myers Jackson | Dec 31, 2024 | Auction News
General Contractor A person who oversees a home improvement or construction project and handles various aspects such as scheduling workers and ordering supplies. Real estate words and definition CLICK THIS BUTTON For other words and definitions related to real...
by Myers Jackson | Dec 31, 2024 | Auction News
Exclusive Right-to-Sell Listing The traditional kind of listing agreement under which the property owner appoints a real estate broker (known as the listing broker) as exclusive agent to sell the property on the owner’s stated terms, and agrees to pay the listing...
by Myers Jackson | Dec 31, 2024 | Auction News
Fully Amortized Mortgage A mortgage in which the monthly payments are designed to retire the obligation at the end of the mortgage term. Real estate words and definition CLICK THIS BUTTON For other words and definitions related to real estate auctions CLICK...
