Category: Real Estate Term of The Day

Real Estate Term of the Day: Exclusive Right-to-Sell Listing

March 25, 2012

Real Estate Term of the Day: Exclusive Right-to-Sell Listing EXCLUSIVE RIGHT-TO-SELL LISTING – employment contract giving the BROKER the right to collect a COMMISSION if the property is sold by anyone, including the owner, during the term of the agreement (Barron’s Dictionary of Real Estate Terms) The Exclusive Right-to-Sell Listing agreement will layout the entire … More Real Estate Term of the Day: Exclusive Right-to-Sell Listing

Real Estate Term of the Day: Examination of Title

March 24, 2012

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: Evidence of Title

March 23, 2012

Real Estate Term of the Day: Evidence of Title EVIDENCE OF TITLE – legal documents, such as a DEED that demonstrate ownership (Barron’s Dictionary of Real Estate Terms) Any legal document that demonstrates ownership of the property will be recorded with the county in which the property is located.  Once the deed is recorded the original will … More Real Estate Term of the Day: Evidence of Title

Real Estate Term of the Day: Evaluation

March 22, 2012

Real Estate Term of the Day: Evaluation EVALUATION – a study of potential property uses other than to determine its present value (Barron’s Dictionary of Real Estate Terms) Evaluations can include studies related to several different aspects of the property such as: Market & Marketability  – the speed or ease with which a property can … More Real Estate Term of the Day: Evaluation