by Myers Jackson | Jan 3, 2026 | Terms
CODE 5: Buyer Premium Concession The concession is given to the Buyer. Of course, Agents with a Buyer Broker Agreement should be protected. *BUYER PREMIUM CONCESSIONS are subject to change. Read ALL Termsand Conditions. Buyer must comply with ALL updates that may...
by Myers Jackson | Jun 1, 2025 | Terms
A Annual Percentage Rate (APR): The cost of a loan or other financing as an annual rate. The APR includes the interest rate, points, broker fees and certain other credit charges a borrower is required to pay. Annuity An amount paid yearly or at other analysis...
by Myers Jackson | Dec 31, 2024 | Terms
Commission The fee charged to the seller by the auctioneer for providing services, usually a percentage of the gross selling price of the property established by contract (the listing agreement) prior to the auction. Commissions for a sales person, a real estate...
by Myers Jackson | Dec 31, 2024 | Terms
Appraisal The act or process of estimating value. Real estate words and definition CLICK THIS BUTTON For other words and definitions related to real estate auctions CLICK THIS BUTTON For all active auctions, and properties for sale CLICK THIS BUTTON Contact Get...
by Myers Jackson | Dec 31, 2024 | Terms
Federal Housing Administration The FHA provides mortgage insurance on loans made by FHA-approved lenders throughout the U.S. and its territories. FHA insures mortgages on single family and multifamily homes including manufactured homes and hospitals. It is the largest...
by Myers Jackson | Dec 7, 2024 | Terms
Reserve In real estate terms, “reserve” refers to the minimum price that a seller is willing to accept for a property being sold at auction. Contact Get InTouch Email: 411@myersjackson.com Phone: +1-844-400-2828 Phone +1-469-460-4848 Text Address:...
