Real Estate

What does Senior Exemption mean? The senior exemption or senior property tax exemption is a property tax reduction offered to qualified senior citizens, according to […]

What is selling office commission? The selling office commission(SOC) is the amount of commission a buyer’s agent receives after a successful sale of a property,

What is a self-represented buyer? A self-represented buyer is a buyer of a property who is not being represented by a real estate agent. The

What is the meaning of seasoning? The term seasoning is used to define the amount of time a homeowner has owned a house. For example,

What is a sale to list ratio? The sale to list ratio is the ratio between the sale price and the final list or asking

What is a resale certificate? A resale certificate is a set of documents that a seller of a condominium provides to the buyer. As noted

What is a rescission notice? A rescission notice is an official notice a buyer gives to the seller of property about the termination of the

what is the meaning of reserves? According to the dictionary, reserves are money or assets that can rapidly be converted into cash. Reserves are usually

What does the right of refusal mean? The right of refusal is a contract between a buyer and a seller which gives the buyer a

What is the meaning of RESPA? The Real Estate Settlement Procedures Act or RESPA for short is a set of laws put in place by