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Popular Real Estate Questions

Popular Real Estate Glossary Terms

Losses arising from damage to or destruction of property. ...

Widely accepted standard policy forms that have been developed by various rating bureaus or insurance companies. Some forms are required by state law, and some are used by custom. In some ...

Substituting one party for another in an action giving that party full rights or claims. Foe example, an insurance company pays the insured for a fire loss caused to the home by a third ...

Professional certification granted by the Institute of Real Estate Management, an affiliate of the National Association of Realtors. ...

Statement made by agent or broker in written form attesting to the insured that the insurance policy is in effect. This statement is prepared by the agent or broker, unlike the binder, ...