Agent - An individual who represents a seller, a buyer or both in the purchase or sale of real estate. Amortization - The schedule of loan payments that establishes the amount of payment to be applied ...

FOIR: The Fixed Obligation to Income Ratio (FOIR) is similar to the IIR as detailed above. FOIR: The Fixed Obligation to Income Ratio (FOIR) is similar to the IIR as detailed above. The difference in ...

The following content is created in consultation with MLSListings. It does not reflect the work or opinions of NBC Bay Area's editorial staff. Learn more at mlslistings.com. Buying or selling a home ...

Negotiation: Discussion, written or otherwise, between two or more parties on different sides, the aim being to reach a common agreement. Mortgage: The conveyance of a legal or equitable interest in ...

The Federal Trade Commission, the agency that promotes competition and protects consumers, has prepared this real estate glossary to help you better understand some of the terms commonly used in the ...