Category: Real Estate 101

Real Estate Term of the Day: Building Codes, Building Inspection & Building Permit

January 8, 2012

Real Estate Term of the Day: Building Codes, Building Inspection & Building Permit BUILDING CODES – regulations established by local governments describing the minimum structural requirements for buildings; includes foundation, roofing, plumbing, electrical, and other specifications for safety and sanitation (Barron’s Dictionary of Real Estate Terms) All 50 states have adopted the I-Codes (published by … More Real Estate Term of the Day: Building Codes, Building Inspection & Building Permit

Real Estate Term of the Day: Builder Warranty

January 7, 2012

Real Estate Term of the Day: Builder Warranty BUILDER WARRANTY – a guarantee on the quality of construction offered by the developer or building contractor (Barron’s Dictionary of Real Estate Terms) It is common for builders in Colorado to offer a 1-year builder warranty on material defects, systems and workmanship. Many builders offer other warranties … More Real Estate Term of the Day: Builder Warranty

Real Estate Term of the Day: Broker & Brokerage

January 5, 2012

Real Estate Term of the Day: Broker & Brokerage BROKER – a state-licensed agent who, for a fee, acts for property owners in real estate transactions, within in the scope of state law (Barron’s Dictionary of Real Estate Terms) See also: AGENT BROKERAGE – the business of being a broker (Barron’s Dictionary of Real Estate Terms) … More Real Estate Term of the Day: Broker & Brokerage