1. A previously-agreed upon sharing of funds by a listing broker with one or more cooperating brokers when a commission or funds have been received as a result of a sale. 2. A previously-agreed upon sharing of funds between a broker and a sales-associate when the brokerage office receives a commission or funds as a result of a sale made by an sales-associate..
A charge made by a lender at the time of a loan application to lock in or guaranty specific terms.
An official notification to a borrower which generally specifies the terms of the loan and a date for the closing by a lender of the intent to grant a loan.
Multiple ownership of an unincorporated apartment building in which each owner is a tenant in common and has the right to occupy one of the apartments..
In eight western states, the property acquired by husband and/or wife during a marriage when not acquired with the intent of being the separate property of either spouse and where each spouse has equal rights similar to property owned by a partnership of management, alienation and testamentary disposition.
(CMA) A comparison of recently-sold homes that are substantially equivalent to another home in terms of selling price, location, style and amenities. Also know as a Competitive Market Analysis.(CMA) A comparison of recently-sold homes that are substantially equivalent to another home in terms of selling price, location, style and amenities. Also know as a Competitive Market Analysis..
A method of real estate comparison also called “market comparison” that compares a particular property with similar or comparable surrounding properties.
A requirement of a commercial bank for the borrower to keep a specified amount of funds on deposit in the institution as a condition of the loan or line of credit.
Money or equivalent of money received for services rendered
