Escrow 101
Down payment made by a purchaser of real estate as evidence of good faith; a deposit or partial payment
Earnest Money
Any area of land contained within a single description
Parcel
A written recorded declaration which sets forth certain rules & regulations established by a subdivider or other landowner to create uniformity of buildings and use within a group of lots
Covenants, Conditions & Restrictions
The appropriate time to tell your Escrow Officer that a transaction is a 1031 exchange
When Escrow is Opened!
App where you can:
●Find comprehensive property information
●View title/escrow order details
●Generate Net Sheets
●Calculate estimated title/ escrow fees
IgniteRE
A method of electronic funds transfer from one person or entity to another
Wire
A plan, map or chart of a tract or town site dividing a parcel of land into lots
Profile, Deed, Tax Map & DIAL report (taxes) make up this customer service product
Listing Kit
An increase in a capital asset's value and is considered to be realized when the asset is sold
Capital Gain
The final action made by the buyer and seller for the purchase and financing of your new home
Signing Closing Docs
A building, a wall, a fence or other fixture which overlaps onto the property of an adjoining owner
Encroachment
This document includes all elements of a list kit in addition to market data, area demographics, school information, a business report and utility information
Homebook
Number of days to identify a new property in a 1031 exchange
45
Online education platform with over 40 hours of classes for agents
Cashier's check and wire are the only acceptable form of these funds
Funds for Closing
An instrument used to transfer title from a trustee to the equitable owner of real estate, when title is held as collateral security for a debt
Reconveyance
Selected data such as a subdivisions with stats including Average Price, Length of Residence, Age of Homes Sales Stats, plus a chart of Owner Occupied, In & Out of state Non-owner occupied
Neighborhood Report
Number of days to close on the new property in a 1031 exchange
180
App for mobile earnest money deposit
ZOCCAM
Filing documents affecting real property as a matter of public record, giving notice to future purchasers, creditors, or other interested parties
Recording
A right or interest in the use of the land of another which entitles the holder to some use, privelage or benefit, such as to place pole lines, pipe lines or roads thereon
Easement
Set of GIS Map , Layers include Aerial, tax lots, zoning, natural features, public lands etc
Map Pack
A tax-deferred, like-kind exchange transaction whereby the disposition of the relinquished property and the acquisition of the replacement property close or transfer at the same time
Concurrent or Simulataneous Exchange
Farming platform with access to phone numbers and email addresses
Title Toolbox