Tag: residential
Implied Warranty Of Habitability
The implied warranty of habitability is a legal doctrine that requires landlords to ensure that their rental properties are fit for human habitation. If...
National Association of Realtors – NAR
DefinitionThe National Association of Realtors, whose member brokers are known as realtors, is a North American trade association for those who work in the...
Real Estate Agent
DefinitionA real estate broker or real estate salesperson is a person who acts as an intermediary between sellers & buyers of real estate/real property....
Real Estate Owned (REO)
What is 'Real Estate Owned - REO' Real estate owned, or REO, is the name given to foreclosed-upon real estate, such as...
Realtor
What is a realtor
Realtors are licensed professionals who help people buy and sell property. In most states, realtors must be at least 18 years...
Real Estate Investment Trust (REIT)
What is a 'Real Estate Investment Trust - REIT' A REIT is a type of security that invests in real estate through property...
Sales Comparison Approach (SCA)
What is 'Sales Comparison Approach - SCA' A real estate appraisal method that compares a piece of property to other properties with...
Canadian Rollover Mortgage
Home Ownership by Country Canadian Rollover Mortgage What is 'Canadian Rollover Mortgage' A home mortgage with an adjustable rate feature. The Canadian...
Jingle Mail
What is 'Jingle Mail' A situation where a homeowner mails his or her house keys to a mortgage lender due to an...
Land Trust
DefinitionThere are two distinct definitions of a land trust... Land Trust What is 'Land Trust' A legal agreement where a trustee is...