Real Estate License Law at Real Estate Glossary

What is it? State law enacted to protect the public from fraud, dishonesty and incompetence in the purchase and sale of real estate.

Real Estate Definition Added By: Taylor

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Other Similar Real Estate Terms:

Real Estate Term Holder In Due Course is The holder of a negotiable instrument (check or note) purchased for value when the instrument appears complete and regular on its face; is taken before its due date and without notice of previous dishonor; and the holder has no notice of any defects in ti

Real Estate Term Bond is An agreement that insures one party against loss by acts or defaults of another party.

Real Estate Term Title Theory is Some states interpret a mortgage to mean that the lender is the owner of mortgaged land. Upon full payment of the mortgage debt the borrower becomes the landowner.

Real Estate Term Bridge loan is A short-term loan for borrowers who need more time to find permanent financing.

Real Estate Term Asset is An asset is something of value, encumbered or not, owned by a person, corporation or other entity. Assets are financial (cash or bonds), tangible or intangible, or physical (real or personal property).