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Popular Real Estate Questions

Popular Real Estate Glossary Terms

Lender who possesses the collateral of the borrower if the loan is defaulted upon. ...

A document that evidences a debt and a promise to repay. A mortgage loan transaction always includes a note evidencing the debt, and a mortgage evidencing the lien on the property. ...

Portion of reinsurance premium received by the reinsurer that relates to the unexpired part of the reinsured policy. ...

(1) Licensed broker employed to represent and match both buyers and sellers. Usually employs several real estate agents in an office. (2) Commission or fee charged to sell real estate or ...

Provision in many business and personal policies that loss or damage to one of a pair or set of individual items does not represent the loss of the pair or set. For example, the loss of one ...