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Popular Real Estate Glossary Terms
Husband's interest in his wife's property upon her death. A husband has an insurable interest in that property and can purchase a property and casualty insurance policy to cover the ...
Property insurance premium rate that is applicable to a single, particular piece of property. ...
Insurance company representative who sells debit life insurance (industrial life insurance). This agent is usually more of a collector of small premium payments on a weekly, biweekly, or ...
A 12-month period used by a real estate company or partnership to account for and report business operations. Typically, the fiscal year ends December 31. ...
One who purchases an option. For example, John pays Brian $10,000 for an option to purchase property at $100,000 within six months. ...