A small rubber
ring that provides a water seal in faucets and other plumbing
value because a home's design and construction have become obsolete.
|online real estate listings|
Properties listed for sale on the Internet.
marketing tool in which a listing agent opens a house to the public for
property given to a number of brokers to market at the same
Undeveloped land or common areas in a planned community reserved
for parks, walking paths, or other natural uses.
A situation in
which a buyer puts down money for the right to purchase a piece of real estate
within a set time period but does not have an obligation to
listing agreement with a clause that gives the listing broker the right to
purchase the property.
Contractual arrangements that are not in writing and are usually
not legally binding.
A type of
wallboard finish with a texture like that of an orange peel.
Often abbreviated "OSB," this is a relatively inexpensive
manufactured wood panel that, like plywood, is sold typically in a 4-by-8-foot
size and used for roof and wall sheathing.
original principal balance
The amount of principal owed on a loan before a borrower makes any
charged by most lenders to cover the direct costs of arranging the loan; also
called points. A point is 1 percent of the total loan amount.
implied agency relationship not involving a written agreement or
shop, shed, or other structure located on a lot in addition to a house or other
small plate that covers an outlet near the rim of a sink or tub. If the water is
left running, this allows it to drain away to prevent
|overflow prevention switch|
A special air-pressure switch in a dehumidifier that turns the unit
off when water in the reservoir rises to a certain level.
protruding structural feature.
Property that could not be sold at a price high enough to recoup
the costs of improvements.
transaction in which the seller of a property agrees to finance all or part of