Continuation Statement

Definition of "Continuation statement"

Document submitted to a governmental agency to extend the time period for a previously approved document.

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Popular Real Estate Terms

Stock Of Housing

Number of housing units of a particular category that are available. ...

Broker’s Agreement

Contract to act on the behalf of a principal in selling real estate. The principal agrees to pay a commission to the broker when a buyer is produced w ...

Earthquake Insurance

Comprehensive insurance policy rider or available as a separate policy indemnifying property against damages caused by an earthquake or volcanic erupt ...

Loan-to -value (LTV) Ratio

percentage of the mortgage loan principal (amount borrowed) to the property's appraised value or sales price. For example, on a $300,000 house, with a ...

Appreciation

Increase in the value of real estate. ...

Adjusted Gross Income

Federal tax term applicable to the difference between the taxpayers gross income and adjustments to income. ...

Popular Real Estate FAQ

What Is Escrow?

Escrow is a trust account created by a neutral third party to hold money for the seller or buyer. When you put down a deposit on a house, for example, ...

What Is A Multiple Listing Service (MLS)?

A multiple listing service is a computerized listing of the homes for sale in an area listed with a realtor. Agents are granted access to the MLS and ...

What Is A Buyer's Agent?

On most transactions, there is usually a listing agent and a selling agent. The selling agent is sometimes referred to as the buyer\'s agent, because ...

If I Want To Buy A House And I Know The Property And The Seller Already Have An Agent, Can I Act As My Own Agent And Negotiate A Lower Fee?

You probably don't have the correct knowledge to represent yourself. The seller pays the real estate commission, not the buyer, and real estate commis ...