Real Estate 101 – Page 7 – LESLIE MONACO REAL ESTATE

Real Estate Term of the Day: Landlord, Lease, Lessor, Lessee, Rent, Tenant

April 3, 2015

Real Estate Term of the Day: Landlord, Lease, Lessor, Lessee, Rent, Tenant LANDLORD – one who rents property to another; a lessor. A property owner who surrenders the right to use property for a specific time in exchange for the receipt of rent. (Barron’s Dictionary of Real Estate Terms) LEASE – a contract in which, for … More Real Estate Term of the Day: Landlord, Lease, Lessor, Lessee, Rent, Tenant

Real Estate Term of The Day: Recap of the “J & K” Terms

April 2, 2015

Real Estate Term of the Day: Kickback

April 1, 2015

Real Estate Term of the Day: Kickback KICKBACK – a fee or rebate to an agent or other participant in a transaction as an incentive to refer customers to a particular vendor. The referring party provides no service to the customer other than the referral. Kickbacks to brokerage agents from mortgage lenders are prohibited by the Real Estate … More Real Estate Term of the Day: Kickback

Real Estate Term of the Day: Jumbo Mortgage

March 31, 2015

Real Estate Term of the Day: Jumbo Mortgage JUMBO MORTGAGE – a loan for an amount exceeding the statutory limit placed on the size of loans that Freddie Mac and Fannie Mae can purchase. Such loans must be maintained in the Lender’s portfolio or sold to private investors. These loans are typically required for purchase of luxury … More Real Estate Term of the Day: Jumbo Mortgage

LESLIE MONACO REAL ESTATE

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Category: Real Estate 101

Real Estate Term of the Day: Landlord, Lease, Lessor, Lessee, Rent, Tenant

Real Estate Term of The Day: Recap of the “J & K” Terms

Real Estate Term of the Day: Kickback

Real Estate Term of the Day: Jumbo Mortgage