Land and anything
permanently affixed to the land and
those things attached to the building.
Registered name for a member of
the National Association of Realtors.
with a broker who is a member of a
Board of Realtors.
Setting forth in a deed or other
writing some explanation for the
The right of the holder of a note
secured by a mortgage or deed of trust
to look personally to the borrower or
endorser for payment.
The practice of refusing to provide
loans or insurance in a certain
The repayment of a debt from the
proceeds of a new loan using the same
property as security.
A charge for a title
insurance policy if a previous policy
on the same property was issued within
a specified period of time. Reissue is
less than the original charge.
(Real Estate Investment Trusts)
method in investing real estate in a
group, with certain tax advantages.
Annulling a contract
and placing the parties to it in a
position as if there had not been a
An instrument releasing property from
the lien of the mortgage, judgment,
(Real Estate Settlement Procedures
A federal regulation that
requires lenders and mortgage brokers
to disclose to borrowers, in advance,
the fees required to obtain a mortgage
Formerly, federal tax on a
sale of real property. Canceled and
replaced by state tax stamps.
A special program for
the elderly that provides income until
death. Payment requirements are
arranged through the increase in the
principal amount of the loan.