Bonus to Selling Agent (BTSA)

Compensation, above and beyond the sales commission, offered to the real estate agent who brings the buyer to the transaction. A BTSA is used to provide an extra incentive for real estate agents to show a particular listing. Often the bonus is tied to closing within a certain time period or the property selling for […]

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Bond

(1) A written agreement purchased from a bonding company that guarantees a person will properly carry out a specific act, such as managing funds, showing up in court, providing good title to a piece of real estate or completing a construction project. If the person who purchased the bond fails at his or her task, […]

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Bayana

It is a hindi term used to denote the token money given by a buyer for a particular property after negotiations are done. The payment indicates the buyer’s interest in the property and is usually offered to seal the deal.

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Buydown

A payment made, often by the seller, to help the buyer qualify for the loan.

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Bundle of legal rights

The theory that land ownership involves ownership of all legal rights to the land, such as possession, control within the law, and enjoyment, rather than ownership of the land itself.

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Building restrictions

The limitations on the size or type of property improvements established by zoning acts or by deed or lease restrictions. Building restrictions are considered encumbrances and violations render the title unmarketable.

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