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Realtor ©Realtor © is a registered collective membership mark that identifies a real estate professional who is a member of the National Association of Realtors © (NAR), an organization with over 700,000 members, and subscribes to its code of ethics. In North America, term Realtor© is often used as a synonim to real estate agent - an individual who can show property for sale on behalf of a seller, but who may not have a license to transact the sale and collect the sales commission. A person, corporation, or partnership licensed by a state to represent a buyer or seller in a real estate transaction in exchange for a commission called real estate broker. |
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Related Mortgage Definitions: Real Estate Investment Trust Real Estate Investment Trust (REIT) A trust that uses investors money to purchase and manage real estate. A Real Estate Investment Trust (REIT) is a company that invests its assets in real estate holdings. REIT investments may be excellent inflation hedge. REIT's ... more... Realtor Realtor © Realtor © is a registered collective membership mark that identifies a real estate professional who is a member of the National Association of Realtors © (NAR), an organization with over 700,000 members, and subscribes to its code of ethics. ... more... RESPA Real Estate Settlement Procedure Act (RESPA) A federal law passed in 1974 that requires lenders to provide home mortgage borrowers in advance with information of known or estimated settlement costs. RESPA also limits the amount lenders may require to be held in escrow for ... more... Blanket Mortgage Blanket Mortgage A mortgage covering at least two pieces of real estate as security for the same mortgage. You'll ... more... |
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