- Industry: Real estate
- Number of terms: 9847
- Number of blossaries: 0
- Company Profile:
Century 21 Real Estate LLC is a real estate agent franchise company founded in 1971. The Century 21 System consists of over 7,800 independently owned and operated offices. Century 21 has offices in all 50 states and in more than 67 countries and territories.
One who is authorized to represent and to act on behalf of another person (called the principal). 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.
Industry:Real estate
The reduction of a debt over time by making periodic payments, usually monthly, a portion of which is interest and a portion of which reduces the outstanding amount of the debt. The monthly mortgage payments remain the same over the life of the loan, even though the proportion of principal to interest changes over time. In the early part of the loan period the principal repayment is very small and interest repayment is very high. At the end of the loan that relationship is reversed.
Industry:Real estate
The breakdown of individual payments throughout the life of an amortized loan, showing both principal contribution and debt service (interest) fees.
Industry:Real estate
To repay a mortgage with regular payments that cover both principal and interest.
Industry:Real estate
A written analysis by a certified appraiser used to determine the estimated value of real estate property.
Industry:Real estate
An improvement that increases property value as distinguished from repairs or replacements that simply maintain value.
Industry:Real estate
A detailed plan of income and expenses expected over a certain period time. A budget can provide guidelines for managing future investments and expenses.
Industry:Real estate
A written governmental permission for the construction of a new building or other improvement, the demolition or substantial repair of an existing structure, or the installment of factory-built housing.
Industry:Real estate
(1)Money used to create income, either as an investment in a business or an income property. (2) The money or property comprising the wealth owned or used by a person or business enterprise. (3) The accumulated wealth as a person or business. (4) The net worth of a business represented by the amount by which its assets exceed liabilities.
Industry:Real estate
a written document, signed by the beneficiary and the borrower that alters the terms of either the note of deed of trust.
Industry:Real estate
