Entrepreneur

Definition of "Entrepreneur"

Donna Groomes

Donna Groomes Keller Williams Cornerstone Realty

Individual who has the initiative to star an enterprise. The entrepreneur usually hires people to work for him.

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Popular Real Estate Terms

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. ...

Real Estate Investment Company

Same as term real estate investment trust (REIT): Type of investment company that invests money in mortgages and various types of investment in real e ...

Soft Money

Money paid for a real estate project or investment that can be taken off on the tax return as an expense. Expenditures made during construction of ...

Assumption Of Mortgage (deed Of Trust)

Buyer agrees to accept the responsibility for the existing mortgage. The seller is not relieved of the obligation unless the lender agrees to release ...

Vault

Where something of value is kept in a secured place. An example is important real estate document and/or money kept in a bank vault. Ceiling or r ...

Porosity

Same as term soil porosity: Extent to which soil has cavities or pores, thereby allowing water to pass through. ...

Popular Real Estate FAQ

What Is A Qualifying Ratio?

A qualifying ratio is the percentages a lender compares to see whether you qualify for a loan. ...

What Is Joint Tenancy?

A joint tenancy is an equal, undivided ownership in a property by two or more individuals. ...

What Are Paid Advertorials?

Paid advertorials are articles written by public relations professionals that have just one goal in mind - to get you to buy a home. I\'m sure you\'v ...

What Is A Foreclosure?

A foreclosure is the legal process by which a mortgage property is seized due to default and then sold. ...

What Is A Loan-to-value (LTD) Ratio?

A loan-to-value ratio is used by lenders to state how much you have financed. If you put down 20 percent on a purchase, you finance 80 percent and hav ...

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 ...

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