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Nov 13, 2023 · Whether you’re a veteran agent or a rookie hoping to sound authoritative during your first transaction, you need to be able to succinctly explain common real estate terms and definitions to your clients.
FIDELITY definition: 1. honest or lasting support, or loyalty, especially to a sexual partner: 2. the degree to which…. Learn more.
4 days ago · Equity in real estate is calculated as the difference between the property's market value and the amount still owed on any mortgages or loans secured by the property. Your home's current market value is the price it would likely sell for today. You can find this by looking at recent sales of similar homes in your area or using online valuation ...
Unlock real estate with our comprehensive dictionary. From A-Z, find clear definitions for terms like 'Amortization', 'Equity', 'Mortgage', and more.
fidelity, allegiance, fealty, loyalty, devotion, piety mean faithfulness to something to which one is bound by pledge or duty. fidelity implies strict and continuing faithfulness to an obligation, trust, or duty.
Aug 13, 2021 · I’ve pulled together a comprehensive dictionary of real estate terms and definitions. From the obscure to the obvious, your clients will find all the information they need below. And you might even find it helpful as you brush up on a term or two.
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Mar 20, 2023 · A thorough assessment of a borrower’s income, assets and other data to determine a loan amount they would qualify for. A real estate agent will request a pre-approval or pre-qualification letter before showing a buyer a home. Learn more about pre-approval. 61. Pre-qualification