The Glossary of Real Estate Industry Terms is a publication of the National Association of hispanic real estate professionals. In a recent NAHREP survey, top producing Latino agents and loan officers indicated that 40 percent of their transactions make use of Spanish at some point in the transaction and as much as 25 percent of all transactions utilize Spanish exclusively as the means of communication.
2006-08-17 · Example. You grant an option to a local university, which is a qualified organization, to buy real property. Under the option, the university could buy the.
Recovery from the Housing Market Crash Can Vary Greatly Within Markets in real estate markets hit in the late 1980s. real estate normally is a cyclical part of the economy; but changing tax laws boosted the upturn in real estate activity in the early and mid-1980s, and a reversal in the laws accentuated the downturn that began in some regions of the country in the late 1980s. The downturn has been
GLOSSARY OF REAL ESTATE TERMS .. Master Plan -A long term plan created by the Planning Board. Clause – A clause which permits the placing of a mortgage at a later date which takes priority over an existing mortgage. Sub-Prime Loans-An industry term used to describe loans with less.
Establishing connections with complementary businesses– real estate industry vendors with whom you don’t directly. For example, when developing a new property, I rely heavily on a master architect.
AGENCY. A real estate broker is the agent of his client, be it the seller or buyer, to whom he owes a fiduciary obligation. A salesman is the agent of his broker and does not have a direct personal contractual relationship with either the seller or buyer.
"The master servicer is there to oversee the deal, make sure terms of serving agreements are maintained and facilitate timely payment of interest and principal," says Irene Rundblom, group. a real.
Glossary of Commercial Mortgage Terminology Created by LendingApps, the creators of BrokerPro Software BrokerPro Software for mortgage brokers is just one piece of the commercial mortgage process. Our LenderPro Software and online Lender PIPELINE is currently used by 80 of the top commercial mortgage lenders in the industry.
Late 2018 and early 2019 threw the CMBS market a bit of a curve ball in terms of the broader economic market. Midland Loan Services, a PNC Real Estate business and a leading CMBS master and special.
fixed-rate mortgage A mortgage whose rate remains constant throughout the life of the mortgage. flood insurance The Federal Flood Disaster Protection Act of 1973 requires that federally-regulated lenders determine if real estate to be used to secure a loan is located in a Specially Flood Hazard Area (SFHA).
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