Wholesaling

Definition of "Wholesaling"

Action in which an insurance company develops an insurance product and sells that product to a third party (usually financial advisers such as accountants, lawyers, and/or bankers) who add their own commissions and/or fees to that product, and resell that product to their clients.

Search Real Estate Glossary

Related Real Estate Glossary terms

Life Expectancy

Probability of one's living to a specific age according to a particular mortality table. Life expect ...

Drop Down

In reinsurance contracts, clause that requires the re-insurer to provide coverage if an underlying c ...

Model Furnishings

Interior furnishings included in a model unit. Model furnishings are chosen to highlight the feature ...

Decedent

One who has died with a valid will in effect. ...

Involuntary Lien

A lien on property such as for the nonpayment of real estate taxes or mechanic's lien for repairs to ...

Free Trade Zone

Geographical area in which commerce can be conducted without tariffs being applied. The concept was ...

Related Real Estate FAQ

Is Depreciation Common?

Generally, real property never depreciates in value, or more so, it is not very common for property ...

What Is Zoning?

Zoning is the laws that establish how a property can be used and what codes must be followed when er ...

What Happens When A Property Starts To Depreciate?

When a property depreciates it declines in the value of the property due to poor location, dilapidat ...

What Is A Loan-to-value (LTD) Ratio?

A loan-to-value ratio is used by lenders to state how much you have financed. If you put down 20 per ...

What Are Discount Points?

Discount points are a type of point paid by the borrower to reduce the interest rate. ...

What Is A Title?

A title is the right of property ownership. ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews

Agents join here

Add our widget on your Website

Real Estate Advice

5 signs of house foundation problems Top Five Reasons Your Home Offer was Rejected Is it better to buy or sell a home first Getting Ready to Sell? Don't make these DIY Mistakes! Tax Breaks for the First Time Home Buyer

FAQ

What is a survey? What is a gift letter? What is an origination fee? What should I do if I'm in an accident? What do I need to know about Condominium Insurance?