Real Estate Term of the Day: Listing Agreement LISTING AGREEMENT – a contract between a seller and a real estate professional to market and sell a home. A listing agreement obligates the real estate professional to seek qualified buyers, report all purchase offers and help negotiate the highest possible price and most favorable terms for … More Real Estate Term of the Day: Listing Agreement
Real Estate Term of the Day: Liquidated Damages LIQUIDATED DAMAGES – an amount agreed upon on in a contract that one party will pay the other in the event of a breach of contract (Barron’s Dictionary of Real Estate Terms) According to Section 21 of the Colorado Real Estate Commission approved Contract to Buy and Sell Real Estate, liquidated … More Real Estate Term of the Day: Liquidated Damages
Real Estate Term of the Day: Lender LENDER – general term applied to any party that originates or holds loans (Barron’s Dictionary of Real Estate Terms) Below are two great articles that can help you during the lender selection process: How to Shop for a Mortgage by MortgageNewsDaily.com “Every consumer shops for mortgages and they … More Real Estate Term of the Day: Lender
Real Estate Term of the Day: Legal Description & Lot and Block LEGAL DESCRIPTION – legally acceptable identification of real estate by one of the following: Metes and Bounds or recorded plat (Lot and Block Number) (Barron’s Dictionary of Real Estate Terms) LOT AND BLOCK NUMBER – a method of location a parcel of land (Barron’s … More Real Estate Term of the Day: Legal Description & Lot and Block
LESLIE MONACO REAL ESTATE 