Transaction Broker – David Reecher A transaction broker (also referred to as a facilitator, coordinator or contract broker) is not a representative or agent for either the buyer or the seller.&...Read More
Special assessment – David Reecher A tax or levy against real property for improvements. The fee is not necessarily imposed on all residents of a community, but to the owners of specific prope...Read More
Subordination clause – David Reecher A clause in which the holder of a mortgage permits a subsequent mortgage to take priority. Subordination is the act of yielding priority. For example, this...Read More
Special Stipulations – ( also called special stips) – David Reecher These are specific instructions written into a contract that are unique to this buyer and this seller and are in addition t...Read More
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