Dual agency is a situation wherein one real estate agent represents both the seller and the buyer in a particular real estate transaction. It is not illegal in any way, but there are pros and cons that exist for buyers.
Latest Posts
Certificate of Insurance
This authenticates that a particular insurance policy is in effect for stated amounts and coverages. It also indicates the names of those who are insured, the policy number, the insurance company, and the policy's effective...
Comparables
This refers to properties and their lease rates and terms that are similar in construction quality, age, size, and use. These properties are typically located within the same sub-market and are therefore used as comparison...
Free and Clear Return
Generally expressed as a percentage on a yearly basis, free and clear return refers to the total prior to debt or pre tax cash flow of a property project divided by the total invested capital. It is a functional tool for...
Fair Housing Laws
These are local, state, and federal laws that prohibit discrimination in selling or renting properties, homes, or apartments and in other specified transactions because of gender, color, race, national origin, disabilities...
Equal Treatment/Different Impact
You can still be guilty of discrimination even if you are treating two individuals the same. Should the results of your treatment be discriminatory, they will be deemed to be against the law. An example of this is an apartment...
Fixed Expenses
These are operating expenses for properties that do not fluctuate or change based on the amount of building occupancy. Some examples include insurance premiums; management fees; security; payroll taxes; legal fees; plumbing and...
Endorsement
This is the act of writing or signing one's name on a negotiable instrument such as the back of a check.
Clawback Provision
Included in the equity waterfall, clawback provision is part of real estate partnership agreements. It allows a limited partner (LP) to clawback cash flow that was previously distributed to the general partner (GP).
Future proposed space
In a proposed commercial development, this is the space that is yet to be under construction or where no construction start date has been set. It includes projects waiting for financing and zoning approvals, lead tenants, and any...
