Divorce

The legal separation of a husband and wife effected by a court decree that totally dissolves the marriage relationship.

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Disclosures

(1) Federal, state, county, and local requirements of disclosure that the seller provides and the buyer acknowledges. (2) It’s considered highly unethical for a home seller and their representation to not disclose any defects or problems with their property when they list it. Disclosing all issues with a home for sale is an absolute must for sellers. […]

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Destination services

Services provided to the transferee at the new location. They can include familiarization tours, temporary housing, school searches, and so on.

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Desk fees

A fee charged by the real estate company or brokerage for the real estate agent to use a desk.

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Decree

A judgment of the court that sets out the agreements and rights of the parties.

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Down Payment

(1) Payment term used in the context of the purchase of expensive items ,where a portion of the total amount due is usually given in cash upfront before finalizing a transaction. (2) It used to be that a 15-20% down payment on a residence was pretty much the standard for most home purchases. Most of […]

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