As a practical matter the ‘book’ meaning of a term does not always explain the real-life effect of a concept on actual buyers and sellers–and their agents for that matter. The links under the “Meaning of Real Estate Terms” above, are some of those in common use that are frequently misunderstood, at least in part. A lot more, real meaning of many concepts can be found on Hometown Realtors’ buyer’s page or their seller’s page .
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