Counselor Of Real Estate Cre


Definition of "Counselor of Real Estate (CRE)"

Yolanda Lowe real estate agent
Yolanda Lowe Berkshire Hathaway HomeServices

Designation given to members of the American Society of Real Estate Counselors (ASREC). A prerequisite for membership is professional experience and ethical conduct.

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Popular Real Estate Terms

Dry Mortgages

Creates a lien against the mortgagor's property, but does not permit a lien against his or her personal assets. See also non recourse. ...

Liquidation

Conversion of real property into money. The breaking up and selling of a real estate company for cash distribution to its creditors and then owne ...

Credit Limit

Maximum credit a prospective buyer may be given. An example is the maximum mortgage a prospective home buyer may receive from the bank. ...

Gross Lease

a rental in which the lessor pays all operating costs such as taxes, utilities, insurance, and maintenance. It is usually a short-term lease and a com ...

Landlord's Lien

Landlord's right to receive the value of the tenant's property to pay for unpaid rents or for damages to the leased premises. ...

Full Covenant And Warranty Deed

Widely used of property deed containing five warranties: Covenant of seisin. This is an assurance the purchaser has possession of the estate in qu ...

Popular Real Estate FAQ

What Is The Difference Between Being Prequalified And Preapproved For A Loan?

The difference between being prequalified and preapproved is simple: If you\'re prequalified it means that you POTENTIALLY could get a loan for the ...

What Is A Contingency?

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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A housing ratio is the percentage of your housing payment (principal, interest, taxes, and insurance) to your monthly gross income. Lenders use this r ...

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A credit report is a report of all your debt information compiled by an independent agency. The credit report shows all outstanding debt as well as a ...

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PITI is the total monthly payment you make on a house-Principal, Interest, Taxes, and Insurance. ...

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FSBO means for sale by owner. ...

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