🏠 REAL ESTATE
This document outlines the terms and conditions of the sale of a property.
What is a Purchase Agreement?
This protects buyers and lenders from title defects.
What is Title Insurance?
The percentage charged by a lender for borrowing money.
What is an Interest Rate?
These four words complete the Keller Williams belief system: God, Family, Then ________.
What is Business?
This contingency allows a buyer to inspect the property before moving forward.
What is an Inspection Contingency?
The period between contract acceptance and closing.
The period between contract acceptance and closing.What is Escrow?
A legal claim against a property for unpaid debt.
What is a Lien?
This score is commonly used by lenders to evaluate borrower creditworthiness.
What is a Credit Score?
This bestselling Keller Williams book focuses on lead generation and conversion.
What is The Millionaire Real Estate Agent (MREA)?
This contingency protects the buyer if financing cannot be obtained.
What is a Financing (Mortgage) Contingency?
This person coordinates paperwork and deadlines after a contract is signed.
Who is a Transaction Coordinator.
This search is conducted to identify ownership history and potential issues.
What is a Title Search?
This mortgage program is insured by the federal government and often allows lower down payments.
What is an FHA Loan?
The Keller Williams technology platform that assists with your SOI follow up is called this.
What is Command.
This inspection is commonly required by insurers on older Florida homes.
What is the 4 point inspection report.
The legal process by which a lender takes ownership of a property due to missed mortgage payments.
What is foreclosure.
This title issue occurs when ownership rights are disputed.
What is a Cloud on Title?
This ratio compares a borrower's monthly debt obligations to income.
What is Debt-to-Income Ratio (DTI)?
This Keller Williams organization has provided millions of dollars in grants to associates in need.
What is KW Cares.
The Effective Date occurs when the last party signs or initials the final offer and this action occurs.
What is delivery of acceptance.
This document transfers ownership from seller to buyer.
What is a Deed?
This legal doctrine allows someone to gain ownership through continuous possession over time.
What is Adverse Possession?
Jumbo loans are a common example of this type of mortgage financing.
What are non-conforming loans.
This Keller Williams principle stands for "Win-Win or No Deal."What is WI4C2TES?
What is WI4C2TES?
Under the FAR/BAR contract, a contingency deadline that falls on one of these days is automatically extended to the next business day.
What are a Saturday, Sunday, or legal holiday?