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Popular Real Estate Glossary Terms
Special type of charitable remainder trust (CRT) under which a designated beneficiary (cannot be a charitable beneficiary) receives an annual fixed income. The grantor of the trust is ...
Prospective insured who completes and signs a written form containing personal statements about himself/herself. ...
Policy in which premiums, ownership rights, and death proceeds are split between an employer and an employee, or between a parent and a child. The employer pays the part of each year's ...
Term in surety coverage. Through the issue of a surety bond, a surety company is in effect the guarantor. ...
Failure, without sufficient reason, for one or both parties to perform the terms of a real estate contract. Breach requires unequivocal, decisive, and absolute refusal to carry out the ...