- Industry: Real estate
- Number of terms: 9847
- Number of blossaries: 0
- Company Profile:
Century 21 Real Estate LLC is a real estate agent franchise company founded in 1971. The Century 21 System consists of over 7,800 independently owned and operated offices. Century 21 has offices in all 50 states and in more than 67 countries and territories.
A way to determine a property's value by comparing it to similar; recently sold properties. Method of valuing homes using study or comparables, property that failed to sell, and other property currently on the market.
Industry:Real estate
A shorter version of a Comparative Market Analysis (CMA) wherein, typically, a real estate agent compares the subject property only to currently listed properties rather than including references to recently sold and expired properties.
Industry:Real estate
The duty of agents not to disclose any information about their clients.
Industry:Real estate
A clause in a contract that specified either a condition precedent which must first occur to cause the obligations in a contract to become enforceable or a condition subsequent which acts to extinguish already enforceable obligations if it occurs; for example, a financing contingency.
Industry:Real estate
A three-day right of rescission for certain loan transaction.
Industry:Real estate
A form of ownership in which stockholders in a corporation occupy property owned by the corporation under a lease.
Industry:Real estate
Someone with better credit (usually a close relative) who agrees to sign your loan if you do no have good enough credit to qualify for a mortgage. The cosigner is equally responsible for repayment of the loan. (Even if you don't pay it back, the cosigner can be held liable for the entire balance).
Industry:Real estate
A new offer made as a reply to an offer received from another; this has the effect of rejecting the original offer, which cannot thereafter be accepted unless revived by the offeror's repeating it.
Industry:Real estate
Certified Residential Specialist is someone who has undergone a rigorous, specialised course of detailed training aimed at making residential transactions as smooth and worry-free as possible.
Industry:Real estate
A street which is open at one end only, and which usually has a circular turnaround; a blind alley.
Industry:Real estate
