A secondary place of business apart from the principal or main office from which real estate business is conducted. A branch office generally must be run by a licensed real estate broker, broker-salesperson, or associate broker working on behalf of the broker operating the principal office.
Two or more businesses conspire against other businesses to reduce competition.
The common name for state and federal laws that regulate the registration and sale of investment securities.
The illegal practice of inducing homeowners to sell their properties by making representations regarding the entry, or prospective entry, of minority persons into the neighborhood.
A mortgage that covers more than one parcel of real estate and provides for each parcel’s partial release from the mortgage lien on repayment of a definite portion of the debt.
An agreement that may accompany an earnest money deposit for the purchase of real property as evidence of the purchaser’s good faith and intent to complete the transaction.
(1) A written instrument was given to pass title to personal property. Transfers title to personal property in a transaction. (2) Legal confirmation of a housing transaction is an obvious must-have when signing on the dotted line as a buyer or seller. A bill of sale lays out the exact terms of a deal: final sale price, […]
A contract in which each party promises to perform an act in exchange for the other party’s promise to perform.
A provision in a will providing for the distribution of personal property.
The person for whom a trust operates or in whose behalf the income from a trust estate is drawn. 2. A lender who lends money of real estate and takes back a note and deed of trust from the borrower.