Real Estate Glossary

 

 

 

 

 

 

 

 

 

 

E

Earnest Deposit
Deposit towards the purchase of a real estate by a buyer to demonstrate that they are serious about wanting to complete the purchase

Encumbrance
Anything that affects or limits a title of the property such as mortgages, leases or restrictions

Escrow
Legal arrangement in which an asset is delivered to a third party to be held in trust pending a contingency or the fulfillment of a condition or conditions in a contract such as payment of a purchase price

Ethics
A code of professional standards, containing aspects of fairness and duty to the real estate profession.

Exclusive Marketing Agency
One agent or agency has the exclusive rights to sell a property.

 

 

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