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Exclusive Right of Sale Listing

By |2020-11-18T12:11:32+00:00November 18, 2020||

A written agreement between an agent and a property owner stating that the owner will pay a commission to the agent if the property is sold during a specific time period—whether or not the agent [...]

Exclusive Listing

By |2020-11-18T12:11:32+00:00November 18, 2020||

A written agreement in which the seller appoints only one agent to market the property for a specific period of time. If the owner sells the property himself, he is not required to pay a [...]

Escrow

By |2020-11-18T12:11:32+00:00November 18, 2020||

The closing of a real estate transaction through a neutral third party who holds funds and/or documents for delivery after specific conditions have been met.

Equity

By |2020-11-18T12:11:32+00:00November 18, 2020||

The difference between the current market value of a property and the claims—such as the unpaid portion of a mortgage—that exist against it.

Earnest Money

By |2020-11-18T12:11:32+00:00November 18, 2020||

A buyer’s partial payment to the seller as a show of good faith in completing the transaction.

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