Archives: Glossary Terms

The money received by real estate broke or salespersons on behalf of others.

A device used to transfer property from a trustee back to the borrower, the trustor which has a similar effect as a quitclaim deed.

The forced sale of real property under a trust deed, by a lender, beneficiary, to satisfy the debt

The party who borrows money from a trust deed beneficiary (lender) and who deeds the real property securing the loan to a trustee (third party) to be held as security until the trustor (borrower) has performed (paid back) the obligation to the lender under terms of a trust deed. Also used for other purposes such as management.

The name given that portion of the federal statute Public Law 90-231 (the Consumer Credit Protection Act) and Regulation Z which are designed primarily to insure that prospective borrowers who purchase on credit receive information regarding the true cost of credit before entering into a transaction. See Regulation Z.

A fractional ownership without a physical division into shares.

The using of a fiduciary or confidential relationship to obtain a fraudulent or unfair advantage of the weakness of mind, distress or necessity to control another.

See United States Government Survey System

See Uniform Standards of Professional Appraisal Practice.

Refers to a blind, shade and/or curtains used to cover a window. Window treatments are not Real Property.