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Broker
Broker A person who acts as an intermediary between two or more parties in connection with a transaction for a fee or commission.
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Intermediary
Link up borrowers and lenders for a fee.
Commission
Money paid to a real estate agent or broker by the seller as compensation for finding a buyer and completing the sale, usually a percentage of the sale price (6 to 7 percent on houses, 10 percent on land).
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Broker cooperation
Working with outside licensed real estate brokers who have prospective tenants in exchange for a finder's fee or commission split.
Broker premium
Sum paid to a mortgage broker as the "middleman" in the mortgage process between the lender and the borrower.
Broker's commission
A section of the offer to purchase, and the purchase and sale agreement outlining the cooperating real estate broker's fees.
Brokerage
The bringing together of parties interested in making a real estate transaction.
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Brick veneer
A building which has brick external walls and with some other material used as the internal walls, usually plaster or Gyprock on a timber frame
Bridge Financing
A form of an interim loan, generally made between a short term loan and a long term loan when the borrower needs additional time before obtaining permanent financing.
Bridging finance
When purchasers need to settle on a real estate transaction prior to the selling of their current asset there is often the need to obtain temporary finance to cover the bridging period.
Bridging loan
An expensive and short-term loan used to finance the purchase of one home while waiting for the money released through the sale of another.
Broad-form homeowner's policy
Covers falling objects; damage due to the weight of ice, snow or sleet; collapse of all or part of the building; bursting, cracking, burning or bulging of a steam or hot water heating system or of appliances used to heat water etc.
Broker
Broker cooperation
Working with outside licensed real estate brokers who have prospective tenants in exchange for a finder's fee or commission split.
Broker premium
Sum paid to a mortgage broker as the "middleman" in the mortgage process between the lender and the borrower.
Brokerage
The bringing together of parties interested in making a real estate transaction.
Broker's commission
A section of the offer to purchase, and the purchase and sale agreement outlining the cooperating real estate broker's fees.
Broom clean
The ideal condition of a building when it is turned over to an owner or tenant.
This dictionary contains 6433 terms. |
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