Permit

Definition of "Permit"

Document issued by a governmental agency permitting the recipient to do something. An example is a building permit to construct a structure.

Search Real Estate Glossary

Related Real Estate Glossary terms

Right Of Rescission

Borrower's right to cancel, within three business days, a creditor contract in which his or her res ...

Dual Divided Agency

Representation of two or more parties in a transaction by the same real estate agent. ...

Countersignature Law

State law that requires that an insurance policy issued by an insurance company in a particular stat ...

Appointment Of Trustees For Terminated Plan

Plan initiated by the pension benefit guaranty corporation (PBGC) upon the involuntary termination o ...

Statement Of Consideration

Enumeration of the consideration given by each party to a contract which in some cases must be in wr ...

Total Loss Only (tlo) Insurance

Ocean marine policy that pays an insured only if a ship or cargo is a total loss. Because total loss ...

Related Real Estate FAQ

What Is Depreciation?

Depreciation is a decline in the value of property due to general wear and tear, or is also known as ...

What Is A Subdivision?

A subdivision is a piece of land divided into several plots in which homes are built. ...

How Much Money Can I Borrow To Buy A Home?

To begin, you\'ll need to figure out what your gross income is (before taxes) monthly and yearly. T ...

What Are Paid Advertorials?

Paid advertorials are articles written by public relations professionals that have just one goal in ...

How Do I File An Insurance Claim?

Call your Insurance agent or Insurance Company \"Claims Hotline\" as soon as possible. Getting your ...

What Is A Negative Amortization?

A negative amortization is a type of loan situation that occurs when the monthly payments do not cov ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews

Agents join here

Add our widget on your Website

Real Estate Advice

Tax Breaks for the First Time Home Buyer 7 Things to Consider Before Moving to a New City How is Square Footage Determined? Rent or Buy - the pros and cons What Must I Disclose When Selling My Home?

FAQ

What is underwriting? What is a quit claim deed? What is a spec house? Should I Pay Points for a Lower Rate? What are my coverage options?