Accounting at Real Estate Glossary
What is it? The agent must be able to report the status of all funds received from or on behalf of the principal. Most state real estate license laws require a broker to give accurate copies of all documents to all parties affected by them and to keep copies on fileReal Estate Definition Added By: Gianna
The Accounting definition has been viewed 359 Time(s)!
Send To Friends!
If you'd like to send the Accounting definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -We hope you now understand the meaning of Accounting. If you need any more information on this term, please don't hesitate to contact us.
Other Similar Real Estate Terms:
Real Estate Term Insurance binder is A temporary insurance arrangement usually put in force until a permanent policy can be obtained.Real Estate Term Buy-down mortgage is A home loan in which the lender receives a premium as an inducement to reduce the interest rate during the early years of the mortgage.
Real Estate Term Impound Account is A trust account established to set aside funds for future needs relating to a parcel of real property. Many mortgage lenders require an impound account to cover future payments for taxes, assessments, private mortgage insurance and insurance in order to p
Real Estate Term Freddie Mac is See Federal Home Loan Mortgage Corporation (FHLMC)
Real Estate Term Balloon loan is A mortgage in which monthly installments are not large enough to repay the loan by the end of the term. As a result, the final payment due is the lump sum of the remaining principal.