Buying Power Index (BPI)

Significant information that if disclosed would affect an individual's decision. For example, a buyer would probably not enter into a contract with a seller of real property if it was known ...

We see a lot of people confusing Real Estate Agents and REALTORS® as if it was the same thing. But it’s not. The term REALTOR® can only be used if the real estate agent is a ...

An agreement occurring from actions of those impacted, but not communicated in writing or orally. For example, it is presumed that a real estate agent will perform his or her obligations ...

Governor of a fortress, custodian, jailer, or warden. ...

See estoppel. ...

Unimproved property that is set aside in a developed area for environmental or recreational purposes. For example, a subdivision having 50 homes dedicates five acres for a recreational area ...

Written modification to an insurance policy that alters its provisions. The rider may update the policy, and change the coverage of real property. ...

(1) The transformation of a racially integrated neighborhood-bousing pattern into segregated housing. (2) Deterioration, destruction, or decay. ...

A negative amortization is a type of loan situation that occurs when the monthly payments do not cover the principal or interest. Instead of declining, the balance of the loan actually ...

A gated community is a community of homes where you must pass through a security gate in order to enter the community. ...

When you are prequalified, the lender gives you an estimate but does not formally commit to giving you a loan. ...

Hey, don’t feel ashamed for not knowing what is the difference between a real estate broker and a real estate agent. This is truly one of the most common real estate confusions out ...

Wondering what is the cash offer definition? Well, the cash offer definition is pretty much what it says, an offer made in cash. But aren’t all offers cash? No one buys a house ...

An escrow officer - also known as a loan officer - is the person that walks you through the closing process. They are usually employed by the title company that you are working with. They ...

Wondering what is the best noise pollution definition? You can understand both words but they seem weird together, right? Is the noise pollution definition something like noises that are ...

A commitment letter is a formal offer of a loan by a lender. The letter states the terms under which the lender has agreed to the loan. ...