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Dual representation
Dual representation A broker or salesperson representing both buyer and seller in the same transaction.
RELATED TERMS--------------------------------------
Broker
A person who acts as an intermediary between two or more parties in connection with a transaction for a fee or commission.
Salesperson
A person employed directly or indirectly by a licensed real estate broker to perform various tasks and responsibilities.
SIMILAR TERMS--------------------------------------
Dual agency
An agency relationship in which the agent acts concurrently for both principals in a real estate transaction.
Dual agent
An agent representing both parties in a transaction.
PREVIOUS AND NEXT TERMS--------------------------------------
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
An agency relationship in which the agent acts concurrently for both principals in a real estate transaction.
Dual agent
An agent representing both parties in a transaction.
Dual representation
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
Due-on-sale provision
This is a clause that insists the mortgage must be repaid in the event that the property is sold.
Due-on-sale-clause
This clause effectively eliminates the possibility of the new buyer's assuming the mortgage unless the mortgagee permits the assumption, in which case the mortgagee might increase the interest rate or charge as assumption fee.
This dictionary contains 6433 terms. |
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