YOUR DICTIONARY OF REAL ESTATE TERMINOLOGY THAT'LL BUILD YOU INSTANT CREDITABILITY

Building instant creditability is easy if you know real estate terminology. Use the language of the top investment professionals to make an impact and lasting impression.


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Earnest Money Deposit: This is a deposit that is made to prove the commitment in the purchasing of a property, this is generally made with the intention of it being non-refundable.

Easement: This is the action of companies helping employees to buy property, this is done as they are able to help out with any financial payments that are required.

Employer-Assisted Housing:This is the action of companies helping employees to buy property, this is done as they are able to help out with any financial payments that are required.

Encroachment: This is when another party or person has accessed an owners house without the required permission to do so.

Encumbrance: This is a claim that has been made on a property, which can be of either a mortgage or other financial claim.

Equal Credit Opportunity Act (ECOA): This is a law which states lenders of loans must make their credit open fairly to applicants regardless of their background.

Equity: This is the value that a property holds which is above any of the liens that are being held against the property. So if $50,000 is owed on a house worth $120,000 then $70,000 equity has been acquired.

Escrow: This is any form of financial value that another party deposits without he intention of delivering when a certain condition has been met.

Escrow Account: This is an account which is created by a mortgager which is used by the borrower of the loan to pay taxes on any financial benefits when they are required to be paid.

Escrow Analysis: This is a servicer provided by a mortgager that involves the process of calculating the balances that should exist for an escrow, the payments and shortages can then be worked out from this value.

Eviction: This is the process by which someone is legally removed from a property.

Exclusive Right-to-Sell Listing: This is an agreement of a listing that allocates a broker as the person without he responsibility of the sale of the property, it also states that they must pay the broker an agreed commission rate when the sale of the property has been closed.

Exclusive Agency Listing: This an agreement which states that a broker has the right to act as an agent in the sale of the specified house on behalf of the seller, but they will be paid by a reduced sum or even a non commissioned payment when the property is finally sold.

Executor: This is a person who is stated in a will, they are also approved by the court of law to have the ability to manage the deposits made on a property following the instructions that are stated by the will itself.

Real Estate Terminology E to First Deals

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