Board Of REALTORS®

Roof sloping upward from all four sides of a building with the two longer sides of the roof forming a ridge in the middle. ...

income statement destroyed by a casualty such as a fire. This requires the reconstruction of the income statement based on source records, information, and documents. Income statement ...

Statement filed with a governmental authority declaring property a homestead for the purposes of securing a homestead exemption. The declaration of homestead has no effect on the property ...

Also called triple net lease. The lessee pays not only a fixed rental charge but also expenses on the tented property, including maintenance. ...

Building a structure in such a way as to reduce the process of destruction in the event of fire. Fire-resistant materials are used. ...

time period, as established by state statute, during which a property owner can redeem a defaulted mortgage or land contract or reclaim a foreclosed property. A property owner acting ...

Securing lease commitments to a building prior to its being available for occupancy. For example, a developer offers a discounted lease to potential tenants providing they agree to sign a ...

Notion that a buyer should not pay more for a property than it would cost to buy at current prices for land, labor, and appraisals. ...

You probably don't have the correct knowledge to represent yourself. The seller pays the real estate commission, not the buyer, and real estate commissions are already set in the listing ...

Equity is the financial interest or cash value of your home, minus the current loan balance(s). If selling the home, this would also be minus any costs incurred in selling the home. If ...

The state of Tennessee has been one of the hardest states hit by the sub-prime mortgage crisis of 2007-2008. Since then, the state has constantly fought to make homeownership more ...

Clermont Florida is well known for its beautiful suburban neighborhoods and its high population of “snowbirds”, wealthy retirees from the northern US who spend their winters in ...

Boca Raton is a beautiful city in southern Florida that draws thousands of tourists each year with its beautiful sunny beaches and relaxed beach town feeling. But Boca Raton draws more than ...

The definition of “auction” is derived from the Latin word “auctus” which means “increasing”. A home auction is a sale where bidders place one bid after ...

A maintenance fee is a charge by condominium associations, co-ops, or other homeowners associations for the upkeep of the property. ...

A type of financing in which a developer or seller arranges for the buyer to get a loan at a rate below the current market rate. The developer or seller pays interest costs in order to ...