Franchise
Definition of "Franchise"
Privilege granted by a franchiser to a franchisee permitting the latter to operate using the franchiser's name. The franchisee must pay a franchise fee for such right. In addition, the francisee is typically required to use the franchiser's products. The franchisee usually receives other benefits from the franchiser such as advertising. Many real estate brokerages are franchisees.
Popular Real Estate Terms
Housing projects specifically designed to meet the community needs of the increasing number of individuals who are largely retired, having no small children. Adult communities are found ...
Real estate held for productive use or investment. Land is recorded at the acquisition price plus incidental costs including real estate commissions attorney's fees, escrow fees, title, ...
Same as term landlocked: Parcel of land that is totally surrounded by other land parcels not providing access to a highway. ...
Title that can be made null and void or defeated upon the satisfaction of a claim or the completion of some future contingency. ...
A broad definition of termite clause is a provision in a contract for the sale of real property that gives the purchaser the right, at his or her expense, to have the property inspected for ...
A person has the option of canceling a contract previously agreed to. ...
generic name of the form used to file taxes payable to a federal, state, or local government. The tax return includes items such as gross income, deductions, tax credits, and tax due. ...
Any structure projecting from a wall or other vertical element for the purpose of providing support for a weight or other object. ...
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 holding the lien, to the lienee, individual ...
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