Pocket License Card | Real Estate Glossary

Definition of "Pocket license card"

Ali Abree

Re/Max Gold Coast Realtors

Pocket-sized real estate license issued for brokers and salespersons by most states. Identifies the person as a real estate licensee.

An agreement by which a mortgage is made subject to a junior mortgage. For example, a loan on a vaca ...

Goods that are freely substitutable. It is goods of a given class or type, any unit of which is as a ...

Bond that reimburses a business for loss caused by the dishonest act of an employee. Since crime ins ...

Decline in the credit status of a prospective homebuyer. ...

Land that is suitable for tilling and growing of crops. ...

To confirm, ratify, verify, and accept a transaction that can be canceled. ...

Recently sold properties that are similar in size, location, and amenities to the home for sale. The ...

Discount points are a type of point paid by the borrower to reduce the interest rate. ...

A front-end ratio is a ratio of the borrowers monthly housing expenses-including principal, interest ...

Earnest money is a deposit you make when you make an offer on a house. ...

Principal is the amount of money borrowed and still owed on a loan not including the interest. ...

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

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