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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Closing -
Commission
Commission
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