Welcome > Resources > Real Estate Dictionary - A

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

E

Earnest money	A deposit made of a portion of the purchase price by the buyer to demonstrate his or her serious intent to purchase the property, usually accompanied by an agreement outlining the terms and conditions of the sale
Easement	The permanent or temporary right to use the property of another for a specific purpose -- e.g. for access over the property, putting up utility lines, etc.
Egress	The right to leave or exit over a piece of property
Eminent domain	The right of the government to take over private property for public purposes upon payment of its fair market value
Encroachment	A physical, illegal intrusion onto another's adjoining property; examples are a structure, driveway, fence
Encumbrance	Any claim against the fee simple title to a property, such as a lien, mortgage, or easement
Equal Credit Opportunity Act (ECOA)	A federal law that requires lenders and other creditors to make credit equally available without discrimination based on race, color, religion, national origin, age, sex, marital status, or receipt of income from public assistance programs
Equity	The owner's financial interest in a property, over and above any indebtedness for that property; or the difference between the fair market value of the property, and the amount still owed on its mortgage
Equity Sharing	A form of joint ownership between an owner/occupant and an owner/investor, whereby the owner/investor receives depreciation deductions as his portion of interest in the property, and the owner/occupant receives some of the tax write-offs for interest and taxes, as well as part of his monthly payment being applied against his rent. If the property were sold, the co-owners would also divide the profit
Escheat	Property that reverts to state ownership when an individual dies without a will and without heirs
Escrow	A deed, contract, or something of value deposited with a disinterested third party, to be delivered upon the performance of certain conditions by the parties involved; e.g., an attorney or escrow agent taking custody of funds and documents upon the closing of a sale of real estate
Escrow account	An account established by an escrow agent to hold funds for the agent's principal until the consummation of the transaction
Escrow instructions	A document that outlines the duties of the escrow agent and the obligations of the parties involved in an escrow transaction
Escrow payment; also "impounds" or "reserves" in some states	The portion of a mortgagor's monthly payment that is retained by the escrow agent to cover the costs of taxes, hazard or mortgage insurance, lease payments, and other costs incurred in the course of the transaction
Estate	An individual's possessions and property, relevant particularly at the time of death
Eviction	The legally directed removal of an occupant from real property
Exclusive listing, or Exclusive agency listing, or Exclusive right-to-sell listing	A written contract giving a licensed real estate broker the exclusive right to sell a property for a designated period of time, on terms stated by the owner, for a fee, while also reserving the owner's right to sell the property himself, without paying anyone a commission
Executor	A person named in a will, or in the absence of such designation, appointed by the probate court, to administer an estate and carry out its terms
Extended Mortgage	A mortgage in which the due date of payment is extended, and is usually charged at a higher interest rate than the original mortgage

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

	About You
* Your Name:
* Your Email Address:
Your Street Address:
City:
State/Province:
Country:
Zip/Postal Code:
Phone:
	Additional Info
Ask Your Question Here!
Send Latest Listings:
Send Latest News:

*Please note that fields marked with an asterisk are required.

Quick Response Guarantee > Your Privacy Is Guaranteed > Free & Without Obligation >

"A model of how the Internet can facilitate the process of deciding where to send your children to school" - America's Best School Profiles by The Heritage Foundation Florida Public, Private and Charter Schools: Compare them using these top-rated, comprehensive reports.   Schools in Davie, Weston and Plantation

Q  Which famous home designed by Thomas Jefferson showed forms of Greek and Roman architecture? A  Monticello, begun in 1769, was later enlarged in keeping with its classical forms. See More Real Estate Trivia >

Teri Arbogast The Teri Arbogast Team Keller Williams Realty 1625 N Commerce Pkwy #105 Weston, FL 33326 cell: 954-242-8030 Office: 954-358-6007 Teri@TerisRealestate.com Teri is an Award Winning, "Top Producing Broward County Agent" with KELLER WILLIAMS PROPERTIES in Weston,FL. Specializing in Davie real estate, Plantation Real Estate and Weston, FL Real Estate and all areas of Broward County Real Estate. Teri has the knowledge and experience necessary to find the right home at the right price. Teri knows the many developments, Broward County schools and different community amenities like few others. She has strong negotiating skills and a good old fashioned work ethic. Teri is a 24/7 agent who returns her calls and e-mails promptly. Teri believes in "treating others the way she wishes to be treated" and so far that philosophy has served her well. Through her dedication and hard work she has earned the reputation as an agent that treats her clients "like family." She is known by many as "The best realtor in Davie" but not only is she a Davie realtor, she is an experienced and seasoned Weston, FL Realtor, Plantation Realtor and highly regarded as one of the top Broward County Real Estate Agents. www.BestBrowardRealestate.com is brought to you by Teri Arbogast Broward County Florida NUMBER1EXPERT™ Davie Real Estate for Sale FL, Weston Real Estate for Sale and Plantation real estate for Sale, Florida Read Teri Arbogast's Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge

NUMBER1EXPERT®
© Best Image Marketing and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed.