Flashcards
Real Estate Terms & Definitions
Cards in this deck (4)
- 1CurtesyThe right that a spouse has to a portion of real property that is owned by his/her spouse after the owner dies, even if the property is willed to someone else.
- 2WillA document that describes how a person's property, real (real estate and all associated rights) or personal (all property that is not attached to real property), is to be distributed after death.
- 3ClientAnother word for a principle (customer).
- 4Surety BondAlthough, the coverage provided by the surety bond has been come to be defined as making up for losses caused by dishonest acts of an employee, the coverage It technically assures payment whenever something is not done in an agreed-upon period of time. For example; a surety bond provides an insurance coverage for a loss as a result of rent being stolen by the one who is tasked with collecting it.
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- Description
- This is a compilation of the terms and vocabulary used by Real Estate Professionals, for Real Estate purposes, throughout the United States.
- Created by
- Jason Page
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