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Relocation
Referring to any service that assists a family to move house or a business to move from one establishment to another.
Industry: Business services
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Relocation
Selling costs
Business services; Relocation
Costs associated with the marketing and selling of a property, including real estate commissions and monetary concessions and incentive.
Selling agent
Business services; Relocation
Agent responsible for finding a qualified buyer for a property; often referred to as Buyer's Agent.
Security deposit
Business services; Relocation
Funds held to guarantee performance of terms. Most frequently seen in a lease wherein the tenant must deposit funds with the landlord for the life of the lease to guarantee performance and condition.
Second mortgage
Business services; Relocation
A mortgage that has lien position subordinate to the first mortgage.
Sales contract
Business services; Relocation
A contract by which the buyer and seller agree to terms of sale.
Pre-qualification
Business services; Relocation
The process of determining how much money a prospective homebuyer will be eligible to borrow before applying for a loan.
Power of attorney
Business services; Relocation
A written document authorising a person to act of the behalf of another person. The authorised person does not have to be an attorney.
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