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Dual agency
Dual agency An agency relationship in which the agent acts concurrently for both principals in a real estate transaction.
RELATED TERMS--------------------------------------
Agency
1) The relationship that exists when a person, known as the principal, contracts to another, the agent, to perform an act in that person's stead. 2) Common term for a firm offering representation.
Agent
Person authorized to act on behalf of another in dealings with third parties.
Estate
The ownership interest of a person in real property, also used to refer to a deceased person's property.
SIMILAR TERMS--------------------------------------
Dual agent
An agent representing both parties in a transaction.
Dual representation
A broker or salesperson representing both buyer and seller in the same transaction.
PREVIOUS AND NEXT TERMS--------------------------------------
Draw period
On a line of credit, the draw period is the fixed time when a borrower can make withdrawals from the account.
Draws
1) An advancement of money against future earnings. 2) Periodic advances of funds under a construction loan agreement.
Dropped ceiling
A flat ceiling built lower than the original ceiling.
Dry rot
A fungal decay that causes lumber to crumble.
Drywall
A construction material used as a basis for interior walls in a home.
Dual agency
Dual agent
An agent representing both parties in a transaction.
Dual representation
A broker or salesperson representing both buyer and seller in the same transaction.
Duct
Any kind of pipe or channel that carries water, wiring or conditioned air through a house.
Due diligence
Activities carried out by a prospective purchaser or mortgager of real property to confirm that the property is as represented by the seller and is not subject to environmental or other problems.
Due on sale
A covenant that makes a mortgage due if the property is sold before the maturity date
This dictionary contains 6433 terms. |
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