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Popular 'Advertising, Marketing, & Sales' Terms

❶Content When providing content using the Services directly or indirectly , you grant us a non-exclusive, worldwide, perpetual, irrevocable, royalty-free, sublicensable through multiple tiers right to exercise any and all Intellectual Property Rights as defined above you have in that content in connection with our provision, expansion, and promotion of the Services, in any media known now or developed in the future. Payment Cap - The most that a monthly mortgage payment can be increased on an adjustable rate loan mortgage.

Terms of Sale

Word Origin & History
Terms of sale
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Joint Tenancy — A legal way for parties to co-own real property with equal rights to the real estate. Should any of the joint tenancy owners die, no interest in the property can be transferred by will as the remaining joint tenant s acquires all ownership.

Junior Mortgage - A second, third or equity mortgage that is subordinate to an existing lien already on the property. Late Charge - As established in the original agreement, the penalty that is due when the borrower fails to pay by a certain number of days after the payment due date. There is usually a 15 day grace period on traditional mortgages before late charges are incurred.

Rent payments often have a 3 — 5 day grace period. These materials have since been taken off the market as they can be harmful. When selling or leasing a property that was built prior to , the owner should take care to provide the buyer or tenant with a lead based paint disclosure. Lease Purchase - A contract between a tenant and an owner by which part of the monthly rent payments may go toward down payment on the property. When pre-determined sufficient funds are received by the seller, the buyer may seek a first mortgage through a typical lender or in some cases with the seller.

Legal Description - The written description of a piece of land giving all pertinent information such as land lot, subdivision name, Block, parcel, acreage, etc. For a real estate contract to be binding it must include an accurate legal description.

Lessee - The person to whom property is rented or leased; called a tenant in most residential leases. Lessor - The person who rents or leases property to another. In residential leasing, he or she is often referred to as a landlord. One who leases property to a tenant. Lien - A monetary claim against a property that must be paid off when a property is sold in order for the new ownership to be legally recorded in county records.

Lifetime Cap — The maximum that an interest rate can increase or decrease over the life of a loan. Listing Agent - A real estate agent that represents the seller of the property. It is often another broker, representing a buyer, that secures an offer to purchase the property.

In such cases, the brokers cooperate co-op and the commission is split between the two companies. Listing Contract also called Listing Agreement - A real estate broker or agent, acting on behalf of the broker and a seller sign this agreement in order to give the broker the rights to advertise the property and represent the seller. In most cases the payment of a commission to the brokerage is contingent upon the agent procuring a satisfactory buyer for the property within the time frame of the Listing Contract.

Flat fee listing contracts have become popular, whereby a seller may pay a specified amount upfront for the services received. All details are typically determined by the listing contract. Loan Application - A form used to apply for a mortgage loan that a borrower must complete in order to secure the loan. Loan Origination - The process of applying for a mortgage loan.

Loan Originator - The person who assists borrowers in obtaining their new loan. Loan to Value - The ratio of the amount of the loan divided by the value or sales price of the home. Lock In - An agreement in which the lender guarantees a specified interest rate for a certain amount of time at a particular cost.

Maturity Date - The date on which the last payment on a mortgage or any other financial instrument becomes due and payable. To properly describe the subject property it begins and ends at the same point and is usually done by a licensed surveyor. Molds - Fungi that may be present both indoors and out. Prior to a real estate closing, a termite inspection is usually performed to inspect for termites, mold and mildew on the property or in a crawl space.

Mortgage - A legal document signed by borrower s and promising a property to the lender in return for payment of a debt. Some states use First Trust Deeds instead of mortgages. Mortgage Banker - A lender that originates mortgage loans through mortgage brokers for sale to investors such as Fannie Mae, Freddie Mac, or Ginnie Mae.

Mortgage Broker - A company that buys mortgages from mortgage bankers to sell to investors such as Fannie Mae and Freddie Mac. Mortgage Insurance - Insurance paid by the borrower to insure the lender against default in case of non payment of the mortgage loan. The mortgage insurance company may buy the property or just cover part of the losses to the lender. Mortgage Insurance Premium — MIP - The monthly insurance paid by the borrower to offset any potential loss in case of foreclosure.

Mortgage Interest Rate - The percentage rate lenders charge for mortgage loans; shown on the note signed at closing. Mortgagee - The lender originating and closing the mortgage loan in their name prior to selling to a broker for investor purchase. Mortgagor - The borrower signing the note in a mortgage loan process. Negative Amortization - When adjustable rate mortgage payments are not sufficient to pay the monthly principal and interest, the deficient amount is added to the original mortgage which causes the outstanding principal balance to increase.

Therefore, the amortization is negative instead of positive. Nehemiah - An FHA insured government loan that helps low income home buyers with down payment assistance.

Generally used for the self employed and small business owners. Also used for non profits, specialized companies and individuals. Note - A statement borrowers sign at loan closing that gives the terms of repayment.

Notice of Default - A formal written notice to a borrower that a default has occurred i. Offer - When a buyer makes a written promise to purchase real estate, it is an offer. It does not become a contract until all terms are accepted by both seller and buyer. Open End Loan - A mortgage loan that is expandable by increments up to a maximum dollar amount, the full loan being secured by the same original mortgage.

Open Listing - A listing under which the principal owner reserves the right to list his property with other brokers, yet grants the real estate agent the right to advertise and sell the property.

Option - The right to purchase or lease property within a pre-determined time at a specific price. There is no obligation to purchase, but the seller is obligated to sell if the option holder exercises the right to purchase. For the option to be valid, it must include consideration i. Origination Fee - The fee charged by most lenders to originate a loan, typically one percent of the loan amount. Owner Financing — The seller provides financing so that the buyer does not have to go through a bank or traditional sources to obtain funding to purchase the property.

The seller does not receive all proceeds at once, as in a traditional closing where the buyer obtains bank financing, but the seller does receive interest in addition to the principal. Payment - The monthly amount due that a borrower must pay on a mortgage loan. Payment Cap - The most that a monthly mortgage payment can be increased on an adjustable rate loan mortgage.

Personal Liability - Person is legally liable for individual action, responsibility or activity. PITI - Principal, interest, taxes and insurance combined. Planned Unit Development — PUD - A housing design to produce a high density of dwellings and maximum utilization of open spaces.

Plat — A map that is drawn to scale of a specific piece of land that shows the shape, acreage, etc. Points - Discount points are paid upfront to mortgage brokers to give a sufficient yield when the borrower would like a lower interest rate.

One point is one percent of the loan amount. Possession - The buyer occupying the property that is purchased or a tenant occupying the property that is leased. In a real estate sale, possession is rarely granted prior to closing when the seller receives their funds.

Prepayment Penalty - A fee charged when a borrower pays a mortgage in full prior to the agreed upon date. The note and deed would advise of any such penalty. Prequalification - Having a mortgage lender advise that debt ratios and credit report plus other factors show a borrower qualifies for a particular loan amount before signing a contract. Principal - The outstanding loan balance not including interest.

Property Tax - Taxes payable to the county where the property is located. Many counties will offer a homestead exemption, which is a reduction in taxes, if the real estate is your primary residence. Purchase and Sale Agreement - The contract between the buyer and seller stating terms, conditions, sales price and other pertinent information about the property being purchased.

Qualify - To meet the guidelines based on debt, income, and credit worthiness. Quit Claim Deed - A document by which one property owner releases his or her claims, rights and interest in a particular property. Radon - A natural gas found in the environment.

If present inside a home, it can be harmful in sufficient concentrations. Radon gas testing is available. Rate Lock -When the lender issues a written commitment to a borrower as to a specific interest rate for a specific period of time. Real Estate Agent - A person licensed to advertise and negotiate the sale and lease of real estate on behalf of the property owner.

Real Estate Commission - Each state has a Real Estate Commission or similarly named department or agency that oversees the licensure of real estate agents and real estate brokers in that state. Qualifications and requirements for licensure differ from state to state. This Commission or department or agency may also oversee similar licensure, such as real estate appraisers. This Commission sets all policies, procedures, and rules for practicing real estate within the state.

In this way, a REIT stock is similar to any other stock that represents ownership in an operating business. However, a REIT has two unique features: Instead, they pay out all of their taxable income in the form of dividends. Usually a result of their borrowers defaulting on the loan and the subsequent foreclosure of the property from that buyer. It is intended to protect the borrower and seller by making everyone more knowledgeable about possible costs and charges.

All Realtors are real estate brokers and real estate salespeople, but not all real estate brokers and real estate salespeople are Realtors members of the National Association of Realtors. Refinancing - Obtaining a different loan for the benefit of perhaps a lower interest rate, converting an ARM to a fixed rate, or to take out some of the equity in the property. The borrower re-applies for a mortgage and goes through another closing transaction on the property they have previously mortgaged.

The new loan pays off and replaces the original loan. If you opt out of the Agreement to Arbitrate, all other parts of this User Agreement and its Legal Disputes Section will continue to apply to you.

Opting out of this Agreement to Arbitrate has no effect on any previous, other, or future arbitration agreements that you may have with us. Notwithstanding any provision in the User Agreement to the contrary, you and we agree that if we make any amendment to this Agreement to Arbitrate other than an amendment to any notice address or site link provided herein in the future, that amendment shall not apply to any claim that was filed in a legal proceeding against eBay prior to the effective date of the amendment.

The amendment shall apply to all other disputes or claims governed by the Agreement to Arbitrate that have arisen or may arise between you and eBay.

We will notify you of amendments to this Agreement to Arbitrate by posting the amended terms on www. If you do not agree to these amended terms, you may close your account within the day period and you will not be bound by the amended terms. Unless you and we agree otherwise, in the event that the Agreement to Arbitrate above is found not to apply to you or to a particular claim or dispute, either as a result of your decision to opt out of the Agreement to Arbitrate or as a result of a decision by the arbitrator or a court order, you agree that any claim or dispute that has arisen or may arise between you and eBay must be resolved exclusively by a state or federal court located in Salt Lake County, Utah.

You and eBay agree to submit to the personal jurisdiction of the courts located within Salt Lake County, Utah for the purpose of litigating all such claims or disputes. Except as otherwise provided in this User Agreement, if any provision of this User Agreement is held to be invalid, void or for any reason unenforceable, such provision shall be struck out and shall not affect the validity and enforceability of the remaining provisions.

In our sole discretion, we may assign this User Agreement, and in such event, we will post notice on www. Headings are for reference purposes only and do not limit the scope or extent of such Section. Our failure to act with respect to a breach by you or others does not waive our right to act with respect to subsequent or similar breaches. We do not guarantee we will take action against all breaches of this User Agreement. We may amend this User Agreement at any time by posting the amended terms on www.

Our right to amend the User Agreement includes the right to modify, add to, or remove terms in the User Agreement. Your continued access or use of our Services constitutes your acceptance of the amended terms. We may also ask you to acknowledge your acceptance of the User Agreement through an electronic click-through. This User Agreement may not otherwise be amended except through mutual agreement by you and an eBay representative who intends to amend this User Agreement and is duly authorized to agree to such an amendment.

The policies and terms posted on our Services may be changed from time to time. Changes take effect when we post them on the eBay Service. If you create or use an account on behalf of a business entity, you represent that you are authorized to act on behalf of such business and bind the business to this User Agreement. Such account is owned and controlled by the business entity. No agency, partnership, joint venture, employee-employer or franchiser-franchisee relationship is intended or created by this User Agreement.

The User Agreement and all terms and polices posted through our Services set forth the entire understanding and agreement between you and eBay, and supersede all prior understandings and agreements of the parties. The following Sections survive any termination of this User Agreement: If you are a California resident, in accordance with Cal. Such complaints shall be decided by an independent arbitrator in accordance with this User Agreement. Buyers and sellers further agree to submit to the jurisdiction of the State of Illinois for complaints involving a ticketed event held in Illinois.

This User Agreement is effective upon acceptance for new users, and from April 3, for existing users. All policies and the Mobile devices terms are incorporated into this User Agreement. This Privacy Notice was posted on May 1, See previous version of this Privacy Notice. Skip to main content. In this User Agreement: International Buying and Selling; Translation 9. Authorization to Contact You; Recording Calls Disclaimer of Warranties; Limitation of Liability Introduction This User Agreement, the Mobile devices terms , and all policies and additional terms posted on and in our sites, applications, tools and services collectively "Services" set out the terms on which eBay offers you access to and use of our Services.

About eBay eBay is a marketplace that allows users to offer, sell and buy just about anything in a variety of pricing formats and locations. Using eBay In connection with using or accessing the Services you will not: Some, but not all, actions that may constitute infringement are reproducing, performing, displaying, distributing, copying, reverse engineering, decompiling, disassembling, or preparing derivative works from content that belongs to eBay or someone else; infringe any Intellectual Property Rights that belong to third parties affected by your use of the Services or post content that does not belong to you; commercialize any eBay application or any information or software associated with such application, except with the prior express permission of eBay; harvest or otherwise collect information about users without their consent; or circumvent any technical measures we use to provide the Services.

Fees The fees we charge for using our Services are listed on our Standard selling fees page. You are responsible for the accuracy and content of the listing and item offered Your listing may not be immediately searchable by keyword or category for several hours or up to 24 hours in some circumstances.

Therefore, the appearance or placement of listings in search and browse results will depend on a variety of factors, including, but not limited to: Such recommendations may be based on the aggregated sales and performance history of similar sold and current listings; results will vary for individual listings.

To drive the recommendations experience, you agree that we may display the sales and performance history of your individual listings to those of other sellers 7. Purchase Conditions When buying an item, you agree to the Rules and policies for buyers and that: International Buying and Selling; Translation Many of our Services are accessible to international sellers and buyers.

Content When providing content using the Services directly or indirectly , you grant us a non-exclusive, worldwide, perpetual, irrevocable, royalty-free, sublicensable through multiple tiers right to exercise any and all Intellectual Property Rights as defined above you have in that content in connection with our provision, expansion, and promotion of the Services, in any media known now or developed in the future.

Authorization to Contact You; Recording Calls; Analyzing Message Content eBay may contact you using autodialed or prerecorded calls and text messages, at any telephone number that you have provided us, to: Privacy of Others; Marketing If eBay provides you with information about another user, you agree you will use the information only for the purposes that it is provided to you. Additional Terms Returns and Cancellations Sellers can create rules to automate replacements, returns, and refunds under certain circumstances.

You as seller authorize eBay to place the return shipping label cost on your invoice, subject to your automatic payment method on file when: See canceling a transaction for more details. Global Shipping Program One of the ways that we may make eBay. Disclaimer of Warranties; Limitation of Liability We try to keep our Services safe, secure, and functioning properly, but we cannot guarantee the continuous operation of or access to our Services.

In addition, to the extent permitted by applicable law, we including our parent, subsidiaries, and affiliates, and our and their officers, directors, agents and employees are not liable, and you agree not to hold us responsible, for any damages or losses including, but not limited to, loss of money, goodwill or reputation, profits, other intangible losses, or any special, indirect, or consequential damages resulting directly or indirectly from: Release If you have a dispute with one or more users, you release us and our affiliates and subsidiaries, and our and their respective officers, directors, employees and agents from claims, demands and damages actual and consequential of every kind and nature, known and unknown, arising out of or in any way connected with such disputes.

Applicable Law You agree that, except to the extent inconsistent with or preempted by federal law, the laws of the State of Utah, without regard to principles of conflict of laws, will govern this User Agreement and any claim or dispute that has arisen or may arise between you and eBay, except as otherwise stated in this User Agreement.

Agreement to Arbitrate You and eBay each agree that any and all disputes or claims that have arisen, or may arise, between you and eBay including any disputes or claims between you and a third-party agent of eBay that relate in any way to or arise out of this or previous versions of the User Agreement, your use of or access to the Services, the actions of eBay or its agents, or any products or services sold, offered, or purchased through the Services shall be resolved exclusively through final and binding arbitration, rather than in court.

Arbitration Procedures Arbitration is more informal than a lawsuit in court. Severability With the exception of any of the provisions in Section 1 of this Agreement to Arbitrate "Prohibition of Class and Representative Actions and Non-Individualized Relief" , if an arbitrator or court decides that any part of this Agreement to Arbitrate is invalid or unenforceable, the other parts of this Agreement to Arbitrate shall still apply.

Future Amendments to the Agreement to Arbitrate Notwithstanding any provision in the User Agreement to the contrary, you and we agree that if we make any amendment to this Agreement to Arbitrate other than an amendment to any notice address or site link provided herein in the future, that amendment shall not apply to any claim that was filed in a legal proceeding against eBay prior to the effective date of the amendment.

Judicial Forum for Legal Disputes Unless you and we agree otherwise, in the event that the Agreement to Arbitrate above is found not to apply to you or to a particular claim or dispute, either as a result of your decision to opt out of the Agreement to Arbitrate or as a result of a decision by the arbitrator or a court order, you agree that any claim or dispute that has arisen or may arise between you and eBay must be resolved exclusively by a state or federal court located in Salt Lake County, Utah.

Unless otherwise expressly stated in an Order, all prices exclude shipping and taxes. If Buyer does not pay an invoiced amount within terms, Buyer will in addition pay finance charges of one and one-half percent 1. In the event of any dispute regarding an invoice, no finance charges will apply in the event that Buyer provides written notice of the dispute prior to the due date for such payment. Buyer further warrants that it will designate on the applicable Order if Data provided pursuant to that Order is subject to HIPAA, Gramm-Leach-Bliley or other statutes providing enhanced data protection or requiring enhanced data security procedures.

Any and all inventions, discoveries, patent applications, patents, copyrights, trademarks and trade names, commercial symbols, trade secrets, work product and information embodying proprietary data existing and owned by Buyer as of the date of the Order or made or conceived by employees of Buyer during the Term of the Order shall be and remain the sole and exclusive property of Buyer provided that Buyer grants to Supplier a license to use, display and distribute and to sub-license its affiliates and sub-contractors to use, display and distribute any intellectual property rights delivered to Supplier as reasonably necessary to perform any Order.

Any and all inventions, discoveries, patent applications, patents, copyrights, trademarks and trade names, commercial symbols, trade secrets, work product and information embodying proprietary data existing and owned by Supplier as of the date of the Order or made or conceived by employees, consultants, representatives or agents of Supplier during the term of this Agreement shall be and remain the sole and exclusive property of Supplier. Without limiting the generality of the foregoing, the parties agree that Supplier will own systems including all web source code related to the Services provided hereunder, including all modifications, upgrades and enhancements thereto made during the term of the Order.

Without limiting the generality of the foregoing, Buyer acknowledges and agrees that Supplier is in the business of developing customized print and e-commerce solutions, and the provision of print and fulfillment order services, and that Supplier shall have the right to provide to third parties services which are the same or similar to the services provided herein and to use or otherwise exploit any Supplier materials in providing such services. Confidential Information shall not include information which: Confidential Information may be used to the extent necessary to perform this Agreement and the parties shall not disclose Confidential Information to any third party, except to its agents who have executed confidentiality agreements containing terms substantially similar to the terms as necessary to provide the Work hereunder.

In no event shall Buyer acquire any right, title or interest in and to any product or process information, including related know how, either existing or developed during the course of the business relationship with Supplier and Buyer, and in no event shall Supplier acquire and right, title, or interest in and to any materials or information provided to it by Buyer.

In order to avail itself of this indemnity provision, Indemnitee shall promptly provide notice to Indemnitor of any such claim, tender the defense of the claim to Indemnitor, and cooperate with Indemnitor in the defense of the claim. In addition to all other rights to which a party is entitled under this Agreement, if either party breaches any term of the Order or the Agreement, the non-breaching party shall have the right to: Supplier warrants that the Work shall reasonably conform to specifications in all material respects.

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Definition of terms of sale: The delivery and payment terms agreed between a buyer and a seller. In international trade, terms of sale also set out the rights and obligations of buyers and sellers as applicable in the.

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The conditions the parties agree to follow in the trade of a good or service. Necessary terms of sale include price, quantity, and, if necessary, cooloload0c.gq terms of sale may also include special conditions. See also: Terms of trade. Glossary of Real Estate Terms. Assumable Mortgage – The buyer takes over and assumes the existing mortgage on the property on the same terms as the original person that took out the mortgage. This would mean the new buyer does not have to obtain a new loan. Due on Sale Clause – Language in the mortgage closing agreements that .

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Montreal, QC Real Estate - Homes For Sale in Montreal, Quebec The properties in this city are quite old, since roughly 40% of its buildings were built pre, while many of the remaining buildings were constructed in the s and the s. standard terms and conditions of sale These terms and conditions of sale (“ Agreement ”) are applicable to any order placed with and accepted by .