Cobrokerage


Definition of "Co-brokerage"

Two or more authorized brokers who agree to cooperate together representing a principal for the completion of a real property sale.

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Popular Real Estate Terms

Lien Release

A written document terminating the terms of a lien through payment of all financial obligations. A lien release is given by the lienor, the one holdin ...

Land Development

Same as term development: Process of developing an area by planning and building homes, shopping centers, schools or churches. The development process ...

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Cancellation

(1) Voiding an order to buy or sell real estate. (2) Prematurely terminating an insurance policy. (3) Voiding a negotiable instrument by nullifying or ...

Popular Real Estate FAQ

What Is An Agent?

A person authorized to work on anothers behalf-for instance, a person authorized to sell or buy a house on your behalf. ...

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A counteroffer is an offer made by one party that makes changes to the original or latest offer of the other party. ...

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When you are preapproved, you have a definite commitment from a lender ...

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An investment property is a property you purchase with the intension of using it as a rental income or for investment purposes rather than to live in. ...

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A treasury index is an index used to determine interest-rate changes for certain adjustable-rate mortgages (ARMs). This index is based on the results ...

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A contingency is a provision included in a sales contract stating that certain events must occur or certain conditions must be met before the contract ...

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