Real Estate Agent Financial Glossary

What is it? An individual who is licensed to negotiate and arrange real estate sales; works for a real estate broker.

Finance Term Definition Added By: Zoe

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Other Similar Finance Terms:

Financial Term Resident Population is The assessment of the number of people living in the area. This is a measure used by the Government to determine levels of local authority funding. For 2005/2006 it is based on the number of adults as at 30 June 2003 for each authority, as estimated by the Registrar General and adjusted for boundary changes in force from 1 April 2004 to 31 March 2005.

Financial Term Lease is Contract in which we purchase the asset selected by you and convey the use of that asset to you for a specific period of time at a predetermined rate.

Financial Term Economic Development Corporation (EDC) is A special type of corporation established by a community solely to act as a conduit. The EDC can, as a municipal entity, borrow funds or sell securities that are, in most cases, exempt from federal income tax. Consequently, the EDC can raise funds at lower interest rates than businesses. The lower-cost funds are used by the EDC to buy fixed assets that are then leased to the business. The lease rate reflects the EDCs low cost of capital. The EDC has no responsibility for the payment of interest and principal on the debt except to pass the businesss rent payments through to the investors.

Financial Term PMI is (see Mortgage Insurance)

Financial Term ENEU is Equal weight neutral