Exclusive Listing

Exclusive listing is when a property owner enters into a legal agreement with a brokerage and its designated agent to market the sale of a

Escrow

Financial instruments held by a neutral third party on behalf of two parties who are engaged in a financial transaction. An escrow account basically means

Engineering Plan

Plans and specifications for the work to be constructed, including such maps, profiles, plans and other data as may be necessary to set forth the

Effective Year

The year in which an existing structure was remodeled through demolition and/or construction.

Earnest Money

A sum of money that a buyer pays to the seller at the time of entering a contract. Its primary purpose is to make sure

Dual Agency

Dual agency is a term that refers to a situation when one real estate agent represents both the home buyer and seller in a transaction.

Double Wide

a mobile home consisting of two units that have been fastened together along their length.

Disaster Loss

Disaster loss occurs when resident incur a loss in an area that the president has declared as a national disaster area. Phenomena including floods, earthquakes

Disclosed Dual Agency

Disclosed dual agency is a term indicating that the dual agency relationship in a real estate transaction has been fully disclosed to all parties in

Depreciation

Depreciation is a decrease in the price or value of an asset. Depreciation occurs when the market value of an asset is lower than the

Homeowner Education