Definition of "Cooperative"

James Viscome real estate agent

Written by

James Viscomeelite badge icon

RE/MAX Prestige

A corporation that owns housing units and whose tenants purchase shares in the corporation equivalent to the value of their housing unit. Also called co-ops.

Comments for Cooperative

Tyler Bassett Tyler Bassett said:

Do you work with Mortgage lenders? Unless I'm missing something, I only see that you offer information on mortgage terms etc?

Nov 20, 2018  10:47:58

 
Real Estate Agent

Hey, Tyler!
Thanks for reaching out.
The OFFICIAL Real Estate Agent Directory® works only with Real Estate Agents but we have information on mortgage terms because a lot of home buyers have real estate questions regarding mortgage terms so we provide this database of terms to help them out. But we work with no mortgage lenders. If you need to contact one, you can try to reach out to one of our real estate agents in Herdon VA and see if they can direct you to one.

Good luck!

Nov 20, 2018  17:30:35
 
 
image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Real Estate Terms

A building having one house hold on the first floor and a second household on the second floor. ...

Court order whereby the bankrupt debtor is forgiven of this or her debts. Even though the debtor is no longer obligated for discharged debts, the bankruptcy remains in his credit report ...

Accruals make up the basis of the accrual accounting method together with deferrals. The accrual method definition explains how the company’s accountant makes modifications for gained ...

tenancy having no written lease or contract. A periodic tenancy can be on a month-to-month or week-t-week basis. ...

Amount charged for each unit of rental property. An example of a unit might be square footage of space or an apartment. ...

Condition that affects the probability of losses or perils occurring. An example is possible earthquake or flood damage to a house. ...

Inflation adjusted income relative to be a base period. For example, real rental income is adjusted for changing price levels. ...

fee to use a bridge or tunnel. Fee assessed to use someone else's property. ...

Room in a building used to collect solar heat. To provide for such collection, a room is generally constructed with a glass roof and walls. ...

Popular Real Estate Questions