Real Estate Terms : A to Z
A centralized licensing platform and registry mandated by the U.S. federal government to standardize and oversee the licensing of mortgage professionals, institutions, and services. Established under …
Continue Reading about National Mortgage Licensing System (NMLS) →
An Exclusive Right-to-Sell Agreement is a contract between a property owner and a real estate broker. It grants the broker the sole right to sell the property and earn a commission, regardless of who …
A Listing Agreement is a contract between a property owner and a real estate broker. It authorizes the broker to represent the owner in selling their property, and outlines the conditions of the …
A Title Company is an entity that ensures a property title is legitimate, so it can be freely transferred from the seller to the buyer.They perform a title search, manage the escrow account during …
This is a calculation of the income generated from a property, including rental income, less operating expenses. It does not factor in mortgage payments or taxes. …
A Credit Score is a numerical value derived from an analysis of an individual's credit files, to represent the creditworthiness of an individual.Lenders, such as mortgage providers, use credit …
Real Estate Terms : A to Z