Monthly Archives: July 2019

Real Estate Term of the Week

Dual Agency: Occurs when the listing broker represents both the seller and the buyer in the same real estate transaction. Dual agency may involve two separate agents under one broker (one representing the buyer...

Real Estate Term of the Week

CMA (Comparative Market Analysis): An evaluation of similar, recently sold homes (called comparables) that are near a home intended to be bought or sold. Comparative market analyses establish the current market value of the...

Real Estate Term of the Week

15-year fixed mortgage: A loan with a term of 15 years that has an interest rate that is fixed for the life of the loan. For example, a 15-year mortgage of $300,000 with a...