Estate agentAn agent who acts in the arrangements of property sales and purchases in return for a commission based on the selling price.
The total value of a deceased person's assets.For example:Total value of property, automobile and all other possessions = £500,000Allowable deductions such as mortgage, overdraft at bank, credit cards and other expenses = £70,000Total net value of estate = £430,000
Broker, Real EstateBroker, Real Estate
One who is licensed by the state to carry on the business of dealing in real estate. A broker may receive a commission for his or her part in bringing together a buyer and seller, landlord and tenant, or parties to an exchange.
Real Estate Mortgage Investment Conduit (REMIC)Real Estate Mortgage Investment Conduit (REMIC)
A pass-through tax entity that can hold mortgages secured by any type of real property and can issue multiple classes of ownership interests to investors in the form of pass-through certificates, bonds, or other legal forms. A financing vehicle created under the Tax Reform Act of 1986.
The situation which exists when a person dies having made a will.
Real estate brokerReal estate broker
An intermediary who receives a commission for arranging and facilitating the sale of a property for a buyer or a seller.
Further Suggestionsreal estate investment trust
Disposition of Real Estate Statement
Real estate appraisal
Real Estate Investment Trust (REIT)
Real Estate Settlement Procedures Act (RESPA)
Finite Life Real Estate Investment Trust (FREIT)
real estate broker