Terms with Tag Realty

  • Closing Definition,
    • In real estate, the delivery of a deed, the payment of the purchase price, the signing of notes, and the paying of closing costs, which completes a real estate transaction.
  • Closing Costs Definition,
    • The miscellaneous expenses involved in closing a real estate transaction that are over and above the purchase price. Some of the closing costs include title insurance, appraisal fee.
  • Closing Date (cloda) Abbreviation,
    • The date a buyer takes possession of a property title.
  • Closing Date Notice (CDN)Acronym,
    • Cloud on Title Definition,
      • A claim on title to property that could impair the ability to transfer ownership.
    • Cluster (Clus)Abbreviation,
      • Cluster Development Definition,
        • A doctrine by which a local government specifies the population density of a planned development, and the developer has the option of making some areas of the development more densely populated than others.
      • Co-housing Definition,
        • Also called cooperative housing and community housing, is an arrangement in which dwelling units have access to a shared space with a large kitchen, dining hall, laundry and children's play areas.
      • Code of Ethics (COE)Acronym,
          Also known as Standards of Practice.
        • Coldwell Banker Schweitzer Real Estate (CBSRE)Acronym,
          • Coldwell Banker West Shell (CBWS)Acronym,
            • Collateral Definition,
              • Any property pledged as security for repayment of a debt.
            • Collège d'Enseignement en Immobilier (CEI)Acronym, Montreal, Quebec, Canada,
                French acronym for College of Education in Real Estate.
              • Collusion Definition,
                • A secret, deceitful agreement by two or more parties to defraud others.
              • Colonial Style (coln, Col)Abbreviation,
                  As in Colonial style home.
                • Commercial (comm)Abbreviation,
                  • Commercial Investment Multiple Listing Service (CIMLS)Acronym,
                    • Commercial Investment Real Estate (CIRE)Acronym,
                      • Commercial Property Definition,
                        • A parcel in a district zoned for business.
                      • Commercial Property Investment (CPI)Acronym,
                        • Commercial Property Manager (CPM)Acronym,
                          • Commercial Real Estate (CRE) 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."
                          • Commercial Real Estate Banking (CREB)Acronym,
                            • Commercial Real Estate Banking Analyst (CREBA)Acronym,
                              • Commercial Real Estate Loan Administration (CRELA)Acronym,
                                • Commission (comm) Abbreviation,
                                  • A fee paid to a salesperson for selling a product to a customer.
                                  • An agent's fee for negotiating a real estate or mortgage loan transaction, often expressed as a percentage of the selling price.
                                • Commitment Definition,
                                  • A written agreement from a lender promising to lend money on certain terms for a specified time period.
                                • Commitment Letter Definition,
                                  • A formal offer by a lender which states the terms under which it agrees to lend money to a home buyer. Also known as a "loan commitment." This letter will indicate the contingencies that must be cleared prior to funding the loan.
                                • Common Area Assessment Definition,
                                  • A levy against individual unit owners in a condominium or planned unit development to pay for upkeep, repairs, and improvements to the property's common areas, such as hallways, elevators, parkades, swimming pools, and gym facilities.
                                • Common Area Maintenance (CAM) Acronym,
                                  • A periodic assessment that residents pay to their homeowners or condominium association to pay for maintenance and repair of common areas.
                                  Fee used to maintain areas shared by tenants.
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