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13 Cards in this Set
- Front
- Back
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BENEFICIARY
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ONE WHO RECEIVES BENIFITS FROM ANOTHER
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BILATERIAL CONTRACT
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A CONTRACT IN WHICH EACH PARTY AGREES TO PERFORM AN ACT IN EXCHANGE FOR OTHER PARTYS PROMISE TO PERFORM
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BILL OF SALE
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WRITTEN DOCUMENT THAT PASSES TITLE OF PERSONAL PROPERTY FROM SELLER TO BUYER-MAY NOT BE USED TO PASS TITLE TO REAL PROPERTY
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BINDER
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AGREEMENT WITH ERNEST MONEY DEPOSIT FOR THE PURCHASE OF A PARCEL OF REAL ESTATE TO SHOW BUYER'S GOOD FAITH
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BLANKET MORTGAGE
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ONE MORTGAGE COVERING MORE THAN ONE PARCEL OF REAL ESTATE-PARTIAL RELEASE CLAUSE GUARANTEES RELEASE OF A PARCEL UPON PAYMENT OF SPECIFIED PORTION OF DEBT
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BLOCKBUSTING
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ILLEGAL PRACTICE WHERE FEARFUL HOMEOWNERS ARE INDUCED TO SELL THEIR HOME DUE TO ENTRY OF MINORITY GROUP INTO NEIGHBORHOOD
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BONA FIDE
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IN GOOD FAITH
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BRANCH OFFICE
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SECONDARY SITE OF BUSINESS APART FROM PRINCIPLE OFFICE-GENERALLY RUN BY LICENSED REAL ESTATE BROKER WORKING ON BEHAF OF BROKER OPERATING THE MAIN OFFICE
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BREECH OF CONTRACT
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A VIOLATION OF ANY COVENANTS OR CONDITIONS OF A CONTRACT WITHOUT VALID REASON OR NONPERFORMANCE OF OBLIGATIONS
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BROKER
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LICENSED PERSON WHO FOR COMPENSATION ACTS AS THE AGENT FOR ANOTHER IN A REAL ESTATE TRANSACTION
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BROKERAGE
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REAL ESTATE BUSINESS CONCERNING ITSELF WITH BRINGING TOGETHER BUYERS AND SELLERS AND COMPLETING A TRANSACTION FOR A COMMISSION
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BUILDING CODES
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ORDINANCES MANDATED BY LOCAL GOVERMENT TO REGULATE BUILDING AND CONSTRUCTION STANDARDS FOR PUBLIC SAFETY
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BUILDING LOAN
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ALSO KNOWN AS CONSTRUCTION LOAN-LENDER LENDS MONEY TO A DEVELOPER OR BUILDER AT EACH STAGE OF COMPLETION
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