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: Recap of the “A” Terms

ABSORPTION RATE ACCESSIBILITY ACRE ADJUSTABLE RATE MORTGAGE (ARM) ADJUSTMENTS IN APPRAISAL ADJUSTED SALES PRICE AGENCY AGENCY DISCLOSURE AGENT AMENDMENT AMENITIES AMERICAN LAND TITLE ASSOCIATION AMORTIZATION AMORTIZED LOAN AMORTIZATION SCHEDULE AMORTIZATION TERM ANNUAL PERCENTAGE RATE (APR) APPRAISAL APPRAISAL APPROACH APPRAISAL REPORT APPRAISED VALUE APPRECIATION ARCHITECTURE ARREARS ASBESTOS AS IS ASKING PRICE ASSESSED VALUE ASSESSMENT ASSESSOR ASSUMABLE … More Real Estate Term of The Day: Recap of the “A” Terms

Real Estate Term of the Day: Agency Disclosure

Real Estate Term of the Day: Agency Disclosure AGENCY DISCLOSURE – a written explanation, to be signed by a prospective buyer or seller, explaining  to the client the role that the broker plays in the transaction.  The purpose of disclosure is to explain whether the broker represents the buyer or seller or is a transaction … More Real Estate Term of the Day: Agency Disclosure