1031 Exchange or Starker exchange: property tax purposes as a tax-deferred exchange exchange qualifies for the delay.
1099: statement of income reported to the IRS for an independent contractor.
I /: A contract that is pending with attorney and inspection contingencies.
With the exhibitions: the exhibition and its customers with the listing agent is an agent should see a listing.
Appendix: an extra one document.
Adjustable Rate (ARM) mortgage: A type of mortgage loan whose rate is an economic index, which fluctuates with the market is tied to. Typical ARM-term one, three, five and seven years.
Agent: Licensed real estate salesperson or broker who represents buyers or sellers.
Annual Percentage Rate (APR): Total (interest rate, closing costs, fees, and so on) costs that are part of a borrower's loan rate of interest expressed as a percentage. Total costs are amortized over the loan period.
Application fee: Fees that mortgage companies charge buyers at the time of written application for a loan, for example, borrowers, property appraisal fees, lender fees, special fees for running credit reports.
Placement: At that time, or time periods an agent shows properties to clients.
Evaluation: the opinion of the value of the property at a specific point in time of a document.
Reviews (AP) Price: Transfer the third party company offers (under most contracts) the seller for his or her property. Generally, the average of two or more independent assessment.
"As is": a contract or the offer that the seller must repair or correct any problems with the property clause. Also used in listings and marketing materials.
Assumable Mortgage: A buyer for the existing loan agreement made with the seller's lender agrees to meet the obligations. When assuming a mortgage, a buyer personally liable for payment of principal and interest becomes. The original mortgagor from liability when the buyer received a written release must be regarded as the original mortgage.
Back on the market (BOM): When a property or listing is back on the market after the market has been recently deleted.
Back-up agent: A licensed agent who works with clients when their agent is unavailable.
The borrower typically pays a combination of principal and interest. At the end of the loan period, the entire unpaid balance must be repaid.
Back-up offer: When an offer is accepted contingent on a fall or through an accepted first offer on a property of the voiding.
Bill of sale: Transfers title to personal property in a transaction.
Board of REALTORS ® (local): an association of REALTORS ® in a specific geographic area.
Broker: A state licensed individual who acts as agent for the seller or the buyer.
Broker Market (BMA) analysis: the expected final net sale price of the real estate broker's opinion, following the acquisition of assets determined by third-party company.
Broker's tour: A preset time and day when real estate sales agents can view listings on the market by several brokerages.
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