Common Real Estate Terms & Mortgage Terms Explained - Part 11

More definitions for commonly used real estate terms and mortgage terms:

Real Estate Attorney
A lawyer who specializes in real estate transactions.

Real Estate Broker
A real estate agent who is licensed by the state to represent a buyer or seller in a real estate transaction. A real estate broker gets paid a commission. Most real estate brokers also have agents working for them.

Recording
The act of entering deed and/or mortgage information into public record with your local government jurisdiction.

Recording fee
A fee charged by real estate agents for conveying the sale of a piece of property into the public record.

Sub-Agent
A real estate agent who is working with a buyer but who represents the seller in the transaction.