Agency 2


Definition of "Agency"

Individuals under common management whose goal is to sell and service insurance. Office may be managed by a general agent or branch manager.

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Popular Real Estate Terms

Assumable Mortgage

A mortgage contract that allows, or does not prohibit, a buyer from assuming the mortgage contract of the seller. When a home buyer assumes responsibi ...

Interstate Commerce Commission (icc)

Federal agency that regulates commerce across state lines. The ICC does not oversee insurance, which is subject to regulation by the states according ...

Government National Mortgage Association (GNMA)

A federal agency that guarantees mortgage securities that are issued against pools of FHA and VA mortgages. ...

Factory Mutual

Organization of a group of insurers composed of mutual property and casualty insurance companies, a subsidiary stock insurance company, and a subsidia ...

Federal Housing Administration (fha)

Agency of the United States Government that insures primarily residential mortgage loans against default. The agency also establishes underwriting and ...

Real Estate Commission

Amount a manger of real estate receives for his efforts. For example, a manger is to receive 2% of rentals collected as compensation from the landl ...

Popular Real Estate FAQ

What Is A Broker?

An agent who is authorized to open and run his/her own agency. All real estate offices have one principal broker. ...

What Is A Credit Report?

A credit report is a report of all your debt information compiled by an independent agency. The credit report shows all outstanding debt as well as a ...

What Is A REALTOR®?

A REALTOR® is an agent or agency that belongs to the local or state board of REALTORS® and is affiliated with the "National Association of REALTORS ...

What Do I Need To Know About Motorcycle Insurance?

You need an insurance policy that is tailored in your needs in mind. Take liability for example. Guest passenger liability helps protect you bodily in ...

What Do I Need To Know About Watercraft Insurance?

You need separate coverage for the variety of risks you face when storing, launching, hauling or running your seaworthy vessel. Boats, and other water ...

How Do I File An Insurance Claim?

Call your Insurance agent or Insurance Company \"Claims Hotline\" as soon as possible. Getting your agent\'s help, may speed things along. ...

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What is a seller disclosure? What is hazard insurance? What is a treasury index? What does FSBO mean? What is a closing?