Real Estate Term of the Day: Escape Clause ESCAPE CLAUSE – a provision in a contract that allows one or more of the parties to cancel all or part of the contract if certain events or situations do or do not happen (Barron’s Dictionary of Real Estate Terms) The most common use of the escape … More Real Estate Term of the Day: Escape Clause
Real Estate Term of the Day: Equal Credit Opportunity Act EQUAL CREDIT OPPORTUNITY ACT – a federal law, enacted in 1974, to discourage discrimination by lenders on the basis of sex or marital status. Amended in 1976 to prohibit discrimination on the basis of age, race, color, religion, national origin, or receipt of public assistance … More Real Estate Term of the Day: Equal Credit Opportunity Act
Real Estate Term of the Day: Environmental Protection Agency (EPA) ENVIRONMENTAL PROTECTION AGENCY (aka: EPA) – an agency of the U.S. Government established to enforce federal pollution abatements laws and to implement various pollution prevention programs (Barron’s Dictionary of Real Estate Terms) Some buyers & sellers don’t realize that the EPA does have an impact … More Real Estate Term of the Day: Environmental Protection Agency (EPA)
Real Estate Term of the Day: Earnest Money EARNEST MONEY – a deposit made by a purchaser of real estate to evidence good faith (Barron’s Dictionary of Real Estate Terms) In the State of Colorado, earnest money is typically held in a trust account by either the real estate brokerage or the title company. The … More Real Estate Term of the Day: Earnest Money
LESLIE MONACO REAL ESTATE 