Real Estate Glossary
Browse the glossary using this index
Special | A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z | ALL
B |
|---|
BRETTA | |
brokera professional who brings buyers and sellers together within a market for the purpose of exchanging goods and or services for a fee. A real estate broker who represents buyers or sellers (or landlords and tenants) usually earns a commission which is a percentage of the financial transaction. | ||
brokeragethe bringing together of parties interested in making a real estate transaction. | |
brokerage engagementa written contract in which the seller or buyer becomes the client of the broker and promises to pay the broker a valuable consideration or agrees that the broker may receive a valuable consideration from another for producing a ready, able, and willing prospective buyer or seller, or performing other brokerage services. | |
brownfieldsIndustrial properties that suffer from the presence of ecologically contaminated elements. | |
BRRETAis an acronym that stands for Brokers Relationship in Real Estate Transactions Act. The purpose is to define and regulate relationships between licensed real estate agents (brokers) and the general public through state statute rather than through the common law of agency which results from judicial decisions. In Georgia it is Title 10 Chapter 6A of the O.C.G.A. §. | |
building lineis the zoning ordinance which establishes the front setback line. That distance is measured from the right of way (where the site begins) and not from the portion of the right of way which is paved. Governments will often impose other limitations on the building line such a minimum width at the building line. | |
bundle of legal rightsThe concept of land ownership that includes ownership of all legal rights to the land - for example, possession, control within the law, and enjoyment. | |
buydowncash up front to temporarily (or permanently) lower the interest rate or initial payments. | |