Transaction Cost
Definition of "Transaction cost"
Expenditure to make a specific security or real estate transaction. Real estate transaction costs include survey costs, mortgage points and origination fees, recording fees, state transfer taxes, survey costs, title insurance, and title search fees.
Popular Real Estate Terms
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Assures that the title is free of any legal claims including encumbrances. It includes covenants of seizin, freedom from encumbrance, express warranties of title, right to quiet enjoyment, ...
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