An Exclusive Agency Listing is an agreement between a seller and a real estate firm or agent granting the firm or agent the right to be the only firm or agent to market and sell a property, except the seller retains the right to market and sell the home to a buyer without having to […]
Kategori: E
Real estate terms that begin with E
Exclusive listing
An exclusive listing is used to motivate an agent to sell a property quickly — within a specific number of months. If they meet that goal, the agent gains a commission regardless of how a buyer is found.
Examination of title
A title examination reviews all public records tied to a property. It generally reviews all previous deeds, wills, and trusts to ensure the title has passed cleanly and legally to every new owner.
Expired (listing)
A property listing that has expired per the terms of the listing agreement.
Exclusions
Fixtures or personal property that are excluded from the contract or offer to purchase.
Exchange/service account
A brokerage expense account that accrues charges for marketing.
Escrow account for real estate taxes and insurance
An account into which borrowers pay monthly prorations for real estate taxes and property insurance.
Electronic or Internet-based communication.
Encumbrance Certificate
A report issued by Registrar or Sub-Registrar’s office after due verification of the relevant documents certifying that the property in question is free from mortgages, leases, easements or any other kinds of restrictions.
Earnest Money Deposit Or EMD
A nominal sum of money given as a token to the vendor, signifying the assent to a contract of sale. It affirms that the parties have made up their minds to purchase the said property.