Real Estate Term of the Day: Extension EXTENSION – an agreement between two or more parties to extend the time period specified in a CONTRACT (Barron’s Dictionary of Real Estate Terms) Extensions can change the listing period date, purchase contract dates, etc.
Real Estate Term of the Day: Execute & Executed Contract EXECUTE – to sign a CONTRACT and/or perform a contract fully (Barron’s Dictionary of Real Estate Terms) EXECUTED CONTRACT – a CONTRACT whose terms have been completely fulfilled (Barron’s Dictionary of Real Estate Terms)
Real Estate Term of the Day: Examination of Title EXAMINATION OF TITLE – research of the title to a piece of real estate (Barron’s Dictionary of Real Estate Terms) The researcher will identify through public records who is the owner of the property and if there are any recorded ENCUMBRANCES affecting the property. There are many different … More Real Estate Term of the Day: Examination of Title
Real Estate Term of the Day: Escrow, Escrow Account & Escrow Agent ESCROW – an agreement between two or more parties providing that certain instruments or property be placed with a third party for safe keeping, pending the fulfillment or performance of a specified act or condition (Barron’s Dictionary of Real Estate Terms) ESCROW ACCOUNT … More Real Estate Term of the Day: Escrow, Escrow Account & Escrow Agent
LESLIE MONACO REAL ESTATE 