- Industry: Real estate
- Number of terms: 9847
- Number of blossaries: 0
- Company Profile:
Century 21 Real Estate LLC is a real estate agent franchise company founded in 1971. The Century 21 System consists of over 7,800 independently owned and operated offices. Century 21 has offices in all 50 states and in more than 67 countries and territories.
a condition that is legally sufficient; that will be upheld by the courts.
Industry:Real estate
Having no legal force or binding effect; a nullity; not enforceable. A contract for an illegal purpose (i.e. gambling) is void.
Industry:Real estate
a condition capable of being made void, although not necessarily void in itself.
Industry:Real estate
A fee or amount that a home buyer must pay at closing for a single service, tax, or product. Closing costs are made up of individual closing cost items such as origination fees and attorney's fees. Many closing cost items are included as numbered items on the HUD-1 statement.
Industry:Real estate
Any conditions revealed by a title search that adversely affect the title to real estate. Usually clouds on title cannot be removed except by a quitclaim deed, release, or court action.
Industry:Real estate
The compensation paid to a real estate broker (usually by the seller) for services rendered in connection with the sale or exchange of real property.
Industry:Real estate
A formal offer by a lender stating the terms under which it agrees to lend money to a home buyer. Also known as a "loan commitment".
Industry:Real estate
An act or the promise there of, which is offered by one party to induce another to enter into a contract; that which is given in exchange for something from another.
Industry:Real estate
An organization that prepares reports that are used by lenders to determine a potential borrower's credit history. The agency obtains data for these reports from a credit repository as well as from other sources.
Industry:Real estate
An organization of home owners in a particular neighborhood or development formed to facilitate the maintenance of common areas and to enforce any building restrictions or covenants.
Industry:Real estate
