Terms with Tag Realty

  • Purchase Agreement Definition,
    • A written promise to pay a specific amount for a property at a specified time. The purchase agreement is a written statement of the offer, which both the borrower and the seller will sign if the offer is accepted.
  • Purchase and Sale Agreement (P&S, PSA)Acronym,
      The contract between a buyer (vendee) and a seller (vendor) of real estate in which the buyer agrees to purchase the property according to the terms, conditions, and covenants contained therein.
    • Purchase Option Definition,
      • An agreement where a portion of monthly rent can be credited toward the purchase of a property.
      • The portion of a vehicle lease that determines how much a lessee pays the lessor at the end of the lease to buy the vehicle. The price is usually the residual value.
    • Purchase Price Definition,
      • The total selling price of the home, including the cash down payment and the principal on the loan.
    • Pure Industrial Real Estate Trust (PIRET) Company, Vancouver, British Columbia, Canada,
      • Qualified Written Request (QWR)Acronym,
        • Quality Service Certified (QSC)Acronym,
          • Quebec Federation of Real Estate Boards (QFREB) Company Est. 1994, Quebec, Canada,
            • Radon Remediation System (RSYS)Acronym,
              • Raised Ranch Style (rran)Abbreviation,
                • Ranch (rnch)Abbreviation,
                  • Real Estate (RE) Acronym, Very Important,
                    • A section of land including all the natural resources (above and below the surface) and any permanent buildings or structures located on it. Also known as "realty."
                  • Real Estate Action Group (REAG)Company, Vancouver, British Columbia, Canada,
                    • Real Estate Agent Definition,
                      • A person who is licensed to represent a buyer or seller of land and the buildings and other improvements on it.
                    • Real Estate and Business Brokers Act (REBBA)Acronym,
                      • Real Estate and Facilities Lifecycle Management (REFLM)Acronym, United States,
                          A US real estate term.
                        • Real Estate Attorney Definition,
                          • A lawyer who specializes in the transfer of land and buildings and property tax issues.
                        • Real Estate Board of Greater Vancouver (REBGV) Company, Canada,
                          • Real Estate Board of Ottawa-Carleton (REBOC)Company, Ottawa, Ontario, Canada,
                              Now Ottawa Real Estate Board (OREB).
                            • Real Estate Broker Definition,
                              • An individual who is licensed to represent a buyer or a seller of real estate and collects commissions for the work. Most brokers have agents working for them and they collect a portion of those commissions in exchange for providing office space, marketing, and other overhead.
                            • Real Estate Council of British Columbia (RECBC) Company Est. 1958, British Columbia, Canada,
                                A regulatory agency established by the provincial government.
                              • Real Estate Council of Ontario (RECO) Company Est. 1997, Toronto, Ontario, Canada, Important,
                                • Real Estate Development Marketing Act (REDMA) Acronym, British Columbia, Canada,
                                  • The Act applies to a developers who wish to market condos in BC.
                                • Real Estate Institute of British Columbia (REIBC) Company, British Columbia, Canada,
                                  • Real Estate Institute of Canada (REIC) Company Est. 1955, Toronto, Ontario, Canada, Very Important,
                                    • Offers certification to real estate professionals in Canada.
                                  • Real Estate Insurance Alliance (REIA) Company, Canada,
                                    • Real Estate Insurance Exchange (REIX)Company, Calgary, Alberta, Canada,
                                      • Real Estate Investment (REI) Acronym, Important,
                                        • A section of land including all the natural resources (above and below the surface) and any permanent buildings or structures located on it. Also known as "realty."
                                      • Real Estate Investment Banking (REIB)Acronym,
                                        • Real Estate Investor (REI)Acronym,
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