Relocation Network
Definition of "Relocation network"
Nationwide group of independent real estate brokers who cooperate together and share information regarding clients who are seeking to relocate from one area of the country to another. The broker involved in the relocation networking will contact a cooperating broker in the area to which the client is seeking to relocate to assist in locating a new home. If the client purchases real estate thought the cooperating broker in the relocation network, the referring broker earns a percentage of the commission on the purchase.
Popular Real Estate Terms
Legal obligation stemming from a civil wrong or injury for which a court remedy is justified. A tort liability arises because of a combination of a direct violation of a person's rights, ...
How much the rental property is worth. The valuation considers the net income derived from the property and a capitalization rate. ...
In everyday discourse, the meaning of retention refers to storing or keeping something such as an expansion tank holding hot water. A dam could also retain or withhold water. Also, a ...
Power of attorney giving permission for a lawyer to represent a client. ...
Uncertainties associated with real property including lack of insurance coverage in the event of fire or injury, high crime area, and environmental problems. This risk may be reduced ...
Compensation representing the fair market value of a property taken in an eminent domain action. Foe example, Brian received $150,000 for his home which was condemned in an eminent domain ...
The definition of cooperative housing is well known by real estate agents because they are often involved in the selling process, in most cases. Cooperative housing is a form of ...
Ability of the size of the land to accommodate the desired economic purpose. An example is having enough space to build a supermarket to meet the needs of the community. ...
A loan indemnified against default by the borrower. Such loans may be a mortgage loan insured by a standard mortgage insurance policy or by FHA mortgage insurance. In the event of the death ...
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