Real Estate Computer Software
- Database program that has real estate listings including property photographs. Real estate computer software allows real estate agents and brokers to search for a particular listing by characteristics. For example, an agent may wish to locate all listings of a ranch in a particular municipality having a two car garage, basement, four bedrooms, and two baths with an asking price within a certain range. Assuming ranch houses exist in the database having those characteristics, the real estate computer software will locate them and allow the agent to view and print them.
- General real estate calculation program including loan and mortgage amortization payments and schedules, present value, affordability calculations, mortgage qualifying analysis, adjustable rate mortgage amortization and payments, estimated closing costs, discount points vs. interest rates, interest paid in tax year, fixed rate loan calculations and mortgage payments, balance after Kth payment, accelerated payment schedule.
Popular Real Estate Terms
Used primarily by real estate corporations as a means of restructuring and reorganizing existing debts. Creditors must vote on a debt-paying plan and a judge must give approval. It provides ...
Note having more than one maker, if one or more of the makers default on the note, all makers are sued jointly, rather than just one or all, to make restitution ...
The imposition or collection, usually by legal or governmental authority, of an assessment of a specified amount. An example is a tax assessment on real estate. ...
Heating system generating heat through radiation as opposed to a convection heating system. For example, baseboard heating is a radiant heating system where the heat from circulating hot ...
Amount still unpaid at a particular date on a loan or other financing agreement. ...
A loan indemnified against default by the borrower. Such loans may be a mortgage loan insured by a standard mortgage insurance policy or by FHA mortgage insurance. In the event of the death ...
A unilateral contract is a contract where only one part holds responsibility for whatever the document promises. For instance, an insurance contract is usually a unilateral contract ...
Same as term REIT: Type of investment company that invests money in mortgages and various types of investment in real estate, in order to earn profits for shareholders. Shareholders receive ...
Lessening of work assignments such as when a real estate management firm reduces the number of buildings assigned to each manager. By reducing someone's schedule, he will probably do a ...
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