Business / Real Estate Glossary

Clta Policy: A standard coverage title insurance policy protects real estate buyers in matters of record and specific risk.

Clustering: The grouping of homesites within a subdivision on smaller lots than normal, with the remaining land used as common areas.

Cmo: Securities (a series of bonds) issued backed by mortgages.

Co-Ownership: Title ownership held by two or more persons.

Code Of Ethics: A written system of standards of ethical conduct. Because of the nature of the relationship between a broker and a client or other persons in a real estate transaction, a high standard of et . . . View Full Definition

Codicil: A supplement or an addition to a will, executed with the same formalities as a will, that normally does not revoke the entire will.

Coinsurance Clause: A clause in insurance policies covering real property that requires the policyholder to maintain fire insurance coverage generally equal to at least 80 percent of the propertys actual replac . . . View Full Definition

Collateral: Something of value given or pledged as security for a debt or obligation. The collateral for a real estate mortgage loan is the hypothecated mortgaged property itself.

Combination Trust: A trust that participates in real estate investments as both financier and investor.

Combustion Gases: The gasses that are emitted from a flame upon the combustion of a flammable material.

Commercial Acre: A commercial acre is that portion of an acre of newly subdivided land remaining after dedication for streets, sidewalks, parks and so on.

Commercial Bank: A financial institution designed to act as a safe depository and lender for many commercial activities (usually short-term loans or lines of credit). Commercial banks rely heavily on demand . . . View Full Definition

Commercial Investment Real Estate Institute (Cirei): A professional organization of real estate practitioners specializing in commercial real estate. CIREI, affiliated with the National Association of REALTORS®, confers the designation CCIM (C . . . View Full Definition

Commercial Leasehold Insurance: Insurance that covers payment of rent in the event the insured (tenant) cannot pay it.

Commercial Real Estate-Property: A classification of real estate that includes income-producing property such as office buildings, gasoline stations, restaurants, shopping centers, hotels and motels, parking lots and stores . . . View Full Definition

Commercial Waste: All solid waste from businesses. This category includes but is not limited to, solid waste originating in stores, markets. office buildings, restaurants, shopping centers, and theaters.

Commingling: The illegal act of mixing deposits or monies belonging to a client (trust funds) with ones personal money. By law brokers are required to maintain a separate trust or escrow account for othe . . . View Full Definition

Commission: Payment to a broker for services rendered, such as in the sale or purchase of real property, usually a percentage of the selling price of the property.

Page: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82