Real Estate Term of the Day: Code of Ethics

Real Estate Term of the Day: Code of Ethics CODE OF ETHICS – a statement of principals concerning the behavior of those who subscribe to the code.  All REALTORS® are required to subscribe to a code of ethics that defines proper professional behavior and practices (Barron’s Dictionary of Real Estate Terms) See also: Code of Ethics … More Real Estate Term of the Day: Code of Ethics

Real Estate Term of the Day: Cluster Housing

Real Estate Term of the Day: Cluster Housing CLUSTER HOUSING – a subdivision technique in which detached dwelling units are grouped relatively close together, leaving open spaces as common areas (Barron’s Dictionary of Real Estate Terms) The most common form of cluster housing is found in patio homes communities. Patio homes are generally smaller detached … More Real Estate Term of the Day: Cluster Housing

Real Estate Term of the Day: Clear Title & Cloud on the Title

Real Estate Term of the Day: Clear Title & Cloud on the Title CLEAR TITLE – a marketable title; one free of clouds and disputed interests (Barron’s Dictionary of Real Estate Terms) CLOUD ON THE TITLE – an outstanding claim or encumbrance that, if valid, would affect or impair the owner’s title (to the property) (Barron’s … More Real Estate Term of the Day: Clear Title & Cloud on the Title