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Designated agent
Designated agent A licensee authorized by a broker to act as the agent for a specific principal in a particular transaction.
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Broker
A person who acts as an intermediary between two or more parties in connection with a transaction for a fee or commission.
Agent
Person authorized to act on behalf of another in dealings with third parties.
Principal
1) The outstanding balance of a loan. 2) A party to a real estate transaction. 3) The head of a real estate firm.
SIMILAR TERMS--------------------------------------
Design-build
A system in which a single entity is responsible for both the design and construction
Designer
Unlike architects, designers are limited to drawing blueprints.
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Depreciable basis
In investment real estate only structures can be depreciated. The depreciable basis is the original basis less the value of the land.
Depreciation
Decrease in value to real property improvements due to wear and tear, adverse changes in the neighborhood, or any other reason.
Derivative securities
Securities that are created artificially, i.e., derived from other financial instruments. In the context of CMBS, the most common derivative security is the interest-only strip.
Descent
Acquisition of an estate by inheritance in which an heir succeeds to the property by operation of law.
Design-build
A system in which a single entity is responsible for both the design and construction
Designated agent
Designer
Unlike architects, designers are limited to drawing blueprints.
Destruction of premises
In many states, once the sales contract is signed by both parties, the buyer bears the risk of any damage to the property that may occur before closing.
Detached garage
A garage that is not attached to a home. Usually found in older homes.
Developer
One who attempts to put land to its most profitable use through the construction of improvements.
Developer's price
Estimated developer's current or market price. Full retail price.
This dictionary contains 6433 terms. |
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