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- A fidelity bond in real estate is a form of business insurance that provides protection against losses caused by fraudulent or dishonest actions of employees. It covers damages resulting from fraudulent trading, theft, forgery, and other dishonest acts.
www.hpdconsult.com/what-is-a-fidelity-bond-in-real-estate/What Is A Fidelity Bond In Real Estate? Definition & Examples
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Nov 13, 2023 · Even if you know every one of the 136 real estate terms on this list and how to use them, your clients expect you to be their interpreter. This comprehensive list of real estate definitions will help you ensure you’re communicating with clients effectively.
Jun 15, 2021 · The real estate industry uses several unique acronyms and abbreviations. Understanding these terms can be beneficial for buyers and sellers.
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- Note: Letters of the alphabet without a relevant term are not listed.
- Adjustable-rate mortgage (ARM): A mortgage loan with an interest rate that can change throughout the loan’s lifetime.
- Agent: A real estate professional that is legally licensed to buy and sell property on behalf of their clients. An agent cannot operate independently, they must work under a licensed broker.
- Amortization: The process of gradually reducing mortgage loan debt over time by establishing scheduled monthly payments. The interest payment of an amortized loan will decrease as time goes on, while the principal payment will increase.
Jan 3, 2023 · Looking for real estate terms, abbreviations and jargon? Here’s the ultimate glossary of real estate terms and abbreviations updated in 2023 from the Real Estate Institute of Australia (REIA), Property Council of Australia, Australian Property Institute, realestate.com.au and more.
Sep 13, 2024 · 11 Real Estate Terms That Every Buyer And Seller Should Know. Real estate jargon often relates to financial decisions, so it’s worth familiarizing yourself with the most important...
Estate - The degree, quantity, nature and extent of interest which a person has in real property. Estate in Reversion - The residue of an estate left for the grantor, to commence in possession after the termination of some particular estate granted by the grantor.
Jul 13, 2021 · This can be intimidating to property investing newbies, so we’re breaking down some common real estate investment terms in a reader-friendly glossary. Check out our list of real estate investment terms every investor should know and add some new lingo to your lexicon.
