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Real Estate Glossary
For your convenience, we've compiled a list of words and phrases to help you understand Real Estate better.
Or select one specifically:
has several meanings in different situations. Most Realtors are "agents" who work under a "
." Some agents are
s as well, either working form themselves or under another
. In the mortgage industry,
usually refers to a company or individual that does not lend the money for the loans themselves, but
loans to larger lenders or investors. (See the Home Loan Library that discusses the different types of lenders). As a normal definition, a
is anyone who acts as an agent, bringing two parties together for any type of transaction and earns a fee for doing so.
Looking for terms related to broker?
to see them.
A legal document that pledges a property to the lender as security for payment of a debt. Instead of mortgages, some states use First Trust Deeds.
A real estate agent,
or an associate who holds active membership in a local real estate board that is affiliated with the National Association of Realtors.
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