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Popular Real Estate Questions

Popular Real Estate Glossary Terms

Coverage against hail damage to crops. Coverage is on a proportionate basis; that is, in the event of loss, a farmer will recover an amount based on the ratio of the damaged part of a crop ...

Prevalent type of property taxes assessed on real estate. It is usually collected by the local government and distributed among agencies to finance services. ...

The maximum allowable increase in the interest rate on an ARM each time the rate is adjusted. It is usually one or two percentage points. ...

Search, attraction, interview, and employment of insurance agents. This is a primary function of the general agent (GA) or agency manager. ...

Part of the business risk exclusion in general liability insurance that denies coverage for subsequent claims if a defective product is not recalled by an insured. For example, if a ...