Real Estate Term of the Day: Common Areas

Real Estate Term of the Day: Common Areas COMMON AREAS – areas of a property [or community] that are used by all owners (Barron’s Dictionary of Real Estate Terms) Below are a few examples of common areas that can be found in neighborhoods around Metro Denver: community pool clubhouse fitness center tennis courts park within … More Real Estate Term of the Day: Common Areas

Real Estate Term of the Day: Commitment Letter

Real Estate Term of the Day: Commitment Letter COMMITMENT LETTER – an official notification to a borrower from a lender indicating that the borrower’s loan application has been approved and stating the terms of the prospective loan (Barron’s Dictionary of Real Estate Terms) This letter is typically given to the borrower before the loan conditions … More Real Estate Term of the Day: Commitment Letter

Real Estate Term of the Day: Code of Ethics

Real Estate Term of the Day: Code of Ethics CODE OF ETHICS – a statement of principals concerning the behavior of those who subscribe to the code.  All REALTORS® are required to subscribe to a code of ethics that defines proper professional behavior and practices (Barron’s Dictionary of Real Estate Terms) See also: Code of Ethics … More Real Estate Term of the Day: Code of Ethics