Definition of "Merger"
Combination of two or more real estate brokerages into one, with only one company retaining its identity. Typically, the larger of the two companies is the company whose identity is maintained. It often involves an exchange of stock.
Popular Real Estate Terms
The amount of money a developer must directly invest in order to obtain a development loan. It pays for the initial development cost including costs for items such as architectural plans, ...
Predetermined price for a contract that will be the same irrespective of the actual costs incurred to complete it. This contract is advantageous to the buyer because he knows beforehand ...
Persons considered legally capable of entering into a binding contract. ...
Transaction savings realized by setting a fixed and certain price. ...
Gift of real property as stipulated in a will. ...
The result of an act or a fact. ...
Financial statement with amounts or other information that are completely or partially assumed. The assumptions supporting the amounts are usually provided. The statement may be prepared in ...
Enhancement of a property's value even though the improvement is not on it. Lighting in the street would be an example. ...
Skeleton (bones) of a building. ...
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