query: in a real estate financing transaction the security instrument most commonly used in nevada is a

pos: Deed of trust (real estate) the beneficiary is required by law to promptly direct the trustee to transfer the property back to the trustor by reconveyance, thus releasing the security for the debt. Deeds of trust are the most common instrument used in the financing of real estate purchases in Alaska, Arizona, California, Colorado, the District of Columbia, Idaho, Maryland, Mississippi, Missouri, Montana, Nebraska, Nevada, North Carolina, Oregon, Tennessee, Texas, Utah, Virginia, Washington, and West Virginia, whereas most other states use mortgages. Besides purchases, deeds of trust can also be used for loans made for other kinds of purposes where real estate is merely offered

neg: Real estate derivative Real estate derivative A real estate derivative is a financial instrument whose value is based on the price of real estate. The core uses for real estate derivatives are: hedging positions, pre-investing assets and re-allocating a portfolio. The major products within real estate derivatives are: swaps, futures contracts, options (calls and puts) and structured products. Each of these products can use a different real estate index. Further, each property type and region can be used as a reference point for any real estate derivative. The most basic form of real estate derivative is a swap transaction, in which one investor,

neg: Simultaneous closing is not. Simultaneous closing Simultaneous closing is a real estate seller financing technique, whereby the private mortgage note created by the seller is simultaneously sold to a note buyer on closing. Typically, the terms of the note are agreed upon between the seller and the buyer with some suggestions from the note buyer. On closing day, two transactions take place: a real estate transaction and a note purchase transaction, almost simultaneously. Sometimes the note purchase transaction happens a few days or weeks after the real estate transaction. This depends on how early in the process the note buyer gets involved

neg: Simultaneous closing Simultaneous closing Simultaneous closing is a real estate seller financing technique, whereby the private mortgage note created by the seller is simultaneously sold to a note buyer on closing. Typically, the terms of the note are agreed upon between the seller and the buyer with some suggestions from the note buyer. On closing day, two transactions take place: a real estate transaction and a note purchase transaction, almost simultaneously. Sometimes the note purchase transaction happens a few days or weeks after the real estate transaction. This depends on how early in the process the note buyer gets involved and whether

neg: Repurchase agreement a security loan might be used. A reverse repo is simply the same repurchase agreement from the buyer's viewpoint, not the seller's. Hence, the seller executing the transaction would describe it as a "repo", while the buyer in the same transaction would describe it a "reverse repo". So "repo" and "reverse repo" are exactly the same kind of transaction, just being described from opposite viewpoints. The term "reverse repo and sale" is commonly used to describe the creation of a short position in a debt instrument where the buyer in the repo transaction immediately sells the security provided by the

neg: Indian property bubble Indian property bubble The Indian Real Estate Sector is not as impressive for investments as it used to be in 2001 to 2007.The real estate sector is thought to be collapsing due to increasing costs of financing. Real estate projects in India take a long time to complete due to a complicated and corrupt regulatory mechanism. Several of the India's publicly traded real estate firms are in debt. The inventory of unsold real estate assets is growing and it is expected the market will undergo price corrections. According to Mumbai-based market research agency, Liases Foras, 30% of the transaction in

neg: Security agreement Security agreement A security agreement, in the law of the United States, is a contract that governs the relationship between the parties to a kind of financial transaction known as a secured transaction. In a secured transaction, the Grantor (typically a borrower but possibly a guarantor or surety) assigns, grants and pledges to the grantee (typically the lender) a security interest in personal property which is referred to as the collateral. Examples of typical collateral are shares of stock, livestock, and vehicles. A security agreement is not used to transfer any interest in real property (land/real estate), only personal property.

neg: Mortgage law of trust, because of their provisions for non-judicial foreclosures by trustees through "power of sale" clauses. Three types of security over real property are commonly used in the United States: the title mortgage, lien mortgage, and deed of trust. In the United States, these security instruments proceed off of debt instruments drawn up in the form of promissory notes and which are known variously as mortgage notes, lender's notes, or real estate lien notes. A mortgage is a security interest in realty created by a written instrument (traditionally a deed) that either conveys legal title or hypothecates title by way

neg: Seller financing Seller financing Seller financing is a loan provided by the seller of a property or business to the purchaser. When used in the context of residential real estate, it is also called "bond-for-title" or "owner financing." Usually, the purchaser will make some sort of down payment to the seller, and then make installment payments (usually on a monthly basis) over a specified time, at an agreed-upon interest rate, until the loan is fully repaid. In layman's terms, this is when the seller in a transaction offers the buyer a loan rather than the buyer obtaining one from a bank. To

neg: Real Estate Transaction Standard in a secure and efficient manner, such as MySQL. These other systems enjoy widespread adoption across most industries, whereas RETS is for one specific industry. RETS is generally not used outside North America. In 2018, the Real Estate Standards Organization announced that it planned to retire RETS and replace it with the RESO Web API. Real Estate Transaction Standard RETS is an acronym which stands for "'"R"eal "E"state "T"ransaction "S"tandard. RETS is a framework used in Canada and the United States by the real estate industry to facilitate the exchange of data. RETS was launched in 1999 by the National

neg: Housing in India market in some major Indian cities may be in a bubble. The real estate sector is thought to be collapsing due to increasing costs of financing. Real estate projects in India take a long time to complete due to a complicated and corrupt regulatory mechanism. Several of the India's publicly traded real estate firms are in debt. The inventory of unsold real estate assets is growing and it is expected the market will undergo price corrections. According to Mumbai-based market research agency, Liases Foras, 30% of the transaction in the real estate sector is done with black money. Housing in

neg: Hell's Kitchen, Manhattan Street and Eighth Avenue. An indication of how fast real estate prices rose in the neighborhood was a 2004 transaction involving the Howard Johnson's Motel at 52nd and Eighth Avenue. In June, Vikram Chatwal's Hampshire Hotel Group bought the motel and adjoining SIR (Studio Instrument Rental) building for $9 million. In August, they sold the property to Elad Properties for about $43 million. Elad, which formerly owned the Plaza Hotel, is in the process of building The Link, a luxury 44-story building. The most prominent real estate project in the area is the Hudson Yards Redevelopment Project, which will include

neg: Market value transaction. Although market value may meet these criteria, this is not necessarily always the case. Fair value is frequently used when undertaking due diligence in corporate transactions, where particular synergies between the two parties may mean that the price that is fair between them is higher than the price that might be obtainable in the wider market. In other words "special value" may be generated. Market value requires this element of "special value" to be disregarded, but it forms part of the assessment of fair value. The term is commonly used in real estate appraisal, since real estate markets are

neg: Leaseback A sale-and-leaseback is typically a commercial real estate transaction in which one party, often a corporation, sells its corporate real estate assets to another party, such as an institutional investor, or a real estate investment trust (REIT), and then leases the property back at a rental rate and lease term that is acceptable to the new investor/landlord. The lease term and rental rate are based on the new investor/landlord's financing costs, the lessee's credit rating, and a market rate of return, based on the initial cash investment by the new investor/landlord. The reasons and advantages for a seller/lessee are varied,

neg: Murabaha banks—has allowed "murabaha":Interpretive Letter #867. November 1999 ... In the current financial marketplace lending takes many forms . ... murabaha financing proposals are functionally equivalent to or a logical outgrowth of secured real estate lending and inventory and equipment financing, activities that are part of the business of banking. Orthodox Islamic Scholars such as Taqi Usmani emphasize that murâbaḥah should only be used as a structure of last resort where profit and loss sharing instruments are unavailable. Usmani himself describes "murâbaḥah" as a "borderline transaction" with "very fine lines of distinction" compared to an interest bearing loan, as "susceptible to

neg: Crédit Agricole Corporate and Investment Bank research departments. The Structured Finance business consists in originating, structuring, and financing operations involving large-scale investments in France and abroad, often backed by collateral security (e.g. aircraft, ships, corporate real estate, or commodities), as well as complex and structured loans. Through a worldwide network, the International Trade and Transaction Banking department provides a wide range of solutions to Corporate and Financial Institutions clients for their working capital and international trade needs Crédit Agricole CIB advises its clients on operations integrating social and environmental considerations. Crédit Agricole CIB developed sharia compliant products and services and a full range of Renminbi services.

neg: Murabaha basis of "musawamah" (bargaining). Different banks use this instrument in varying ratios. Typically, banks use "murabaha" in asset financing, property, microfinance and commodity import-export. The International Monetary Fund reports that, Murâbaḥah transactions are "widely used to finance international trade, as well as for interbank financing and liquidity management through a multistep transaction known as tawarruq, often using commodities traded on the London Metal Exchange" (LME). The basic "murabaha" transaction is a cost-plus-profit purchase where the item the bank purchases is something the customer wants but does not have cash at the time to buy directly. However, there are other "murabaha"

neg: LandAmerica Financial Group principally engaged in the title insurance business in the United States. Its products and services facilitated the purchase, sale, transfer, and financing of residential and commercial real estate. The company operated primarily in three segments: Title Insurance, Lender Services, and Financial Services. The Title Insurance segment provided title insurance, escrow and closing services, commercial real estate services, property appraisal and valuation, building and site assessments, survey coordination, construction disbursement, coordination of national multistate transactions, tax-deferred real property exchanges, and real estate transaction management services. The Lender Services segment provided services to regional and national lending institutions, which complemented those offered

neg: Private money advice and oversight of an accountant and real estate attorney as the collection methods may be more aggressive in the event a borrower cannot repay. Private investors do not usually have the means or interest in long protracted workout agreements, and will usually go to court quickly as a means of recovering their monetary investment. Private money "For non-government backed currency see:Private currency" Private money is a commonly used term in banking and finance. It refers to lending money to a company or individual by a private individual or organization. While banks are traditional sources of financing for real estate,

neg: Real Estate Transaction Standard Real Estate Transaction Standard RETS is an acronym which stands for "'"R"eal "E"state "T"ransaction "S"tandard. RETS is a framework used in Canada and the United States by the real estate industry to facilitate the exchange of data. RETS was launched in 1999 by the National Association of Realtors and related groups.<ref name='RETS Launch / RETS is a common language'></ref> RETS was originally created to overcome the difficulties presented by the existence of a large number of organizations desiring to share and distribute real estate information with others. Prior to RETS, much of the data exchange was done using the FTP

neg: Sberbank Europe Group investment banking includes corporate, real estate and acquisition financing as well as trade finance and treasury products. Small and medium-sized enterprise business offers liquidity financing (Working Capital/Overdraft), investment financing (equipment/business facilities), Treasury finance products and transaction business support. Sberbank Europe Group AG is present in 8 markets in Central and Eastern Europe: Sberbank Europe Group Sberbank Europe Group (Sberbank Europe AG) is a banking group headquartered in Vienna, Austria and is owned by Sberbank of Russia. Sberbank Europe provides financial services to over 688,000 customers in eight countries in Central and Eastern Europe. Sberbank Europe AG was established in 2012

neg: Indian black money GDP. Investment in property is a common means of parking unaccounted money and a large number of transactions in real estate are not reported or are under-reported. This is mainly on account of very high levels of property transaction taxes, commonly in the form of stamp duty. High transaction taxes in property are one of the biggest impediments to the development of an efficient property market. Real estate transactions also involve complicated compliance and high transactions costs in terms of search, advertising, commissions, registration, and contingent costs related to title disputes and litigation. People of India find it easier to

neg: Hypothecation for another price. "Overnight repurchase agreements", the most commonly used form of this arrangement, comprise a sale which takes place the first day and a repurchase that reverses the transaction the next day. "Term repurchase agreements", less commonly used, extend for a fixed period of time that may be as long as three months. "Open-ended term repurchase agreements" are also possible. A so-called "reverse repo" is not actually any different to a repo; it merely describes the opposite side of the transaction. The seller of the security who later repurchases it is entering into a repurchase agreement; the purchaser who

neg: Real estate transaction Real estate transaction A real estate transaction is the process whereby rights in a unit of property (or designated real estate) is transferred between two or more parties, e.g. in case of conveyance one party being the seller(s) and the other being the buyer(s). It can often be quite complicated due to the complexity of the property rights being transferred, the amount of money being exchanged, and government regulations. Conventions and requirements also vary considerably among different countries of the world and among smaller legal entities (jurisdictions). In more abstract terms, a real estate transaction, like other financial transactions, causes

neg: Real estate derivative 800 basis points per transaction. Industry estimates suggest that transaction costs for commercial real estate easily surpass $10–$12 billion annually. Since the US real estate derivative market is new, the transaction costs are at this point variable. However, based on derivatives in other markets, it is anticipated that the costs will be well below the 500-800 basis points required to invest in actual real estate. The market for real estate derivatives was long overdue. Real Estate is the only major asset class that only recently developed a derivatives market. According to the Pension Real Estate Association’s Plan Sponsor Research Report,

neg: Real estate investment trust investors. A REIT is a company that owns, and in most cases, operates income-producing real estate. REITs own many types of commercial real estate, ranging from office and apartment buildings to warehouses, hospitals, shopping centers, hotels and even timberlands. Some REITs also engage in financing real estate. The REIT structure was designed to provide a real estate investment structure similar to the structure mutual funds provide for investment in stocks. In the United States, a REIT is a company that owns, and in most cases operates, income-producing real estate. Some REITs finance real estate. To be a REIT, a company

neg: Indenture Indenture An indenture is a legal contract that reflects or covers a debt or purchase obligation. It specifically refers to two types of practices: in historical usage, an indentured servant status, and in modern usage, it is an instrument used for commercial debt or real estate transaction. An indenture is a legal contract between two parties, particularly for indentured labour or a term of apprenticeship but also for certain land transactions. The term comes from the medieval English "indenture of retainer" — a legal contract written in duplicate on the same sheet, with the copies separated by cutting along a

neg: Madrid Xanadú was the company's first mall outside the United States and was planning to build more malls in Europe. In 2006, the Canadian real estate company Ivanhoe Cambridge bought Madrid Xanadú from Mills to alleviate the latter company's financial problems. On 31 January 2017 Intu Properties announced to the London Stock Exchange: “intu confirms it has entered into an exclusivity agreement with entities of the Ivanhoé Cambridge Group to acquire the centre. The transaction would be funded from a combination of bank financing and existing facilities. At this time there is no certainty that this transaction will complete and a further

neg: Leaseback Court case that found many such arrangements had been perpetrated fraudulently. A "sale/leaseback" or "sale and leaseback" is a transaction in which the owner of a property sells an asset, typically real estate, and then leases it back from the buyer. In this way the transaction functions as a loan, with payments taking the form of rent. Due to the lack of financing available in today’s market, many American businesses are increasingly turning to sale-and-leasebacks to provide quick capital. For example, developers of master-planned communities will often sell the model home to a buyer before the community is sold out,

neg: In-house lending In-house lending In house lending is a type of seller financing in which a company or broker will help a customer obtain a loan at their place of business to purchase any product or services. When using in-house lending one does not have to rely on 3rd party company or business to complete the transaction. In the real estate industry most home builders will use an in-house lender and often offer buyer incentives by processing the loan through their own mortgage company. In-house mortgage companies are sometimes scrutinized by other mortgage companies because outside or 3rd party mortgage companies cannot

neg: Real estate broker relationship within the transaction and with the parties. See below for a broker/licensee relationship to sellers and their relationship with buyers. In the United States, there are commonly two levels of real estate professionals licensed by the individual states but not by the federal government: "Before" the Multiple Listing Service (MLS) was introduced in 1967, when brokers (and their licensees) only represented sellers by providing a service to provide legal documentation on the transfer real property, the term "real estate salesperson" may have been more appropriate than it is today, given the various ways that brokers and licensees now help

neg: Real estate transaction directions of the United Nations System of National Accounts. Real estate transactions: subdivision, conveyance, and mortgaging, as they are performed in the five Nordic countries are described in some detail. A translation into English is available for the Danish part. The sale of a house in the United States or Canada might involve some or all of the following steps: Listing agreement Real estate transaction A real estate transaction is the process whereby rights in a unit of property (or designated real estate) is transferred between two or more parties, e.g. in case of conveyance one party being the seller(s)

neg: Whitinsville, Massachusetts U.S., involving tort and contract law, known as "Swinton vs. Whitinsville Savings Bank (1942)". A real estate transaction two years earlier had failed to disclose termites in a building. The Whitin Community Center, operated by a non-profit organization and commonly called "The Gym", is located at 60 Main Street on what used to be the John C. Whitin estate. In 1922, four Whitin daughters: Elsa, Katharine, Lois, and Elizabeth, gave the funds to build a gym and pool for the enjoyment of local citizens in memory of their father, George Marston Whitin. This recreation center, known affectionately in earlier days

neg: British Columbia Lottery Corporation possession of the proceeds of crime are offences under the Criminal Code. Canada has legislation creating an anti-money laundering and countering terrorist financing regime (AML/CFT). That legislation is the Proceeds of Crime (Money Laundering) and Terrorist Financing Act or PCMLTFA. Some areas of the Canadian economy are seen as being more vulnerable to money laundering than others. Those sectors include banking, securities dealers, money services businesses, real estate, casinos and others. Companies in these sectors are deemed reporting entities under the PCMLTFA. The PCMLTFA also creates a financial intelligence unit (FIU). In Canada that organization is the Financial Transaction and

neg: Lease purchase contract the business of real estate such as landlords are considered dealers. In all states, rent to own arrangements are no longer compliant with federal financing requirements. Commercial loan arrangements are exempt from the Dodd-Frank Act, as a landlord might rent to own a property for the purpose of sub-letting to a tenant. This arrangement is not a popular arrangement but may be accomplished legally. Lease-purchase contracts are not for everyone. As successful completion of the agreement and sale transaction requires financing through a traditional route, people whose circumstances will not allow them to receive a mortgage should abstain from rent-to-own

neg: Patch of Land sometimes known as "hard money lending," nationwide and online. In hard-money or real-estate bridge financing, a loan is both secured-by and determined-by the value and quality of the underlying property rather than [exclusively] by the creditworthiness of the borrower, as with more conventional lending. Real estate bridge-financing has historically been an inefficient, offline, hyper-local market where lenders must personally know who the best local real-estate developers are, and which tracts of land, parcels, buildings, properties, streets or neighborhoods offer the most promise for price stability and appreciation. Conversely, real-estate developers needing funds for their projects were historically forced to seek-out

neg: Private equity real estate years to an estimated $5.3 billion in 2013. Private equity real estate Private equity real estate is a term used in investment finance to refer to a specific subset of the real estate investment asset class. Private equity real estate refers to one of the four quadrants of the real estate capital markets, which include private equity, private debt, public equity and public debt. Direct vs. Indirect Ownership of Real Property – Private equity real estate investing involves the acquisition, financing and direct ownership and holding of the title to an individual property or portfolios of properties, as well as

neg: Private equity real estate Private equity real estate Private equity real estate is a term used in investment finance to refer to a specific subset of the real estate investment asset class. Private equity real estate refers to one of the four quadrants of the real estate capital markets, which include private equity, private debt, public equity and public debt. Direct vs. Indirect Ownership of Real Property – Private equity real estate investing involves the acquisition, financing and direct ownership and holding of the title to an individual property or portfolios of properties, as well as the indirect ownership and holding of a securitized

neg: Lebanese housing bubble of average value per real estate transaction. This value has gradually increased over the period 2008-2013. The highest increment was recorded in Metn region, where the average value increased by 107.3% over the six-year period to reach USD 213,584 in 2013. Concurrently, the average value per transaction in Beirut region rose by 69.5% in the same reporting period reaching USD 499,948 in 2013. Baabda and Kesserwan also witnessed rises in average value per real estate transactions, which reached USD 121,913 and USD 144,711 respectively. However, while the average selling price per real estate transaction continued to rise in most regions

neg: Clap note Clap note Clap note is an unofficial shorthand term describing an interest-only financing tool used by certain institutional investors, such as major corporations for the purpose of funding new real-estate acquisitions. The instrument is called a ‘clap note’ because it provides the same interest rate ‘out of two different hands’ (“it takes two hands to clap”). For example, a so-called “10/10 Clap Note” is one that is sold at a 10% discount on the face value while simultaneously paying 10% annual interest. The investor in a $100,000 10/10 clap note can buy the note at a discount of 10%, or

neg: Factoring (finance) Factoring (finance) Factoring is a financial transaction and a type of debtor finance in which a business "sells" its accounts receivable (i.e., invoices) to a third party (called a factor) at a discount. A business will sometimes factor its receivable assets to meet its present and immediate cash needs. Forfaiting is a factoring arrangement used in international trade finance by exporters who wish to sell their receivables to a forfaiter. Factoring is commonly referred to as accounts receivable factoring, invoice factoring, and sometimes accounts receivable financing. Accounts receivable financing is a term more accurately used to describe a form of

neg: Buyer brokerage Buyer brokerage A buyer brokerage or buyer agency is the practice of real estate brokers and their agents representing a buyer in a real estate transaction rather than, by default, representing the seller either directly or as a sub-agent. In the United Kingdom and Australia, the most common term is buying agent. In most U.S. states and Canadian provinces, until the 1990s, buyers who worked with an agent of a real estate broker in finding a house were customers of the brokerage, since, by most common law of most states at the time, the broker represented only sellers. It is

neg: Clap note free with an operating capital buffer (a win for the company). As more and more franchises appear on the scene, all in a desperate push to increase the number of outlets in their networks, it is likely that the demand for clap notes will increase, gradually making them available to new classes of smaller investors through investment clubs and other avenues. Clap note Clap note is an unofficial shorthand term describing an interest-only financing tool used by certain institutional investors, such as major corporations for the purpose of funding new real-estate acquisitions. The instrument is called a ‘clap note’ because

neg: Exclusive buyer agent Exclusive buyer agent An exclusive buyer agent (EBA) is a U.S. real estate firm (or an agent or broker who works in such a company) that represents only buyers of real estate. EBA firms never take listings and, therefore, never represent the seller in a real estate transaction. Exclusive buyer agent firms have chosen this business model in order to eliminate the conflict of interest that exists when one firm attempts to represent both buyer and seller in the same transaction. Real estate firms in the United States can represent both buyers and sellers in the same transaction, and when

neg: Comparables the outcome is an estimate of value—called an "opinion of value" in the terminology of real estate appraisal. In most statistical sampling processes, a single best estimator is sought. However, since real estate markets are known to be highly inefficient, and market transaction data is subject to significant error, the appraisal process generally relies on multiple simultaneous approaches to value, with a judgmental reconciliation as the final step to arrive at the appraiser's opinion. Thus, comparable data is used in all of the appraisal approaches. This approach estimates the construction cost of the improvements, as if new, and deducts factors

neg: Hypo Real Estate Hypo Real Estate The Hypo Real Estate Holding AG is a holding company based in Munich, Germany which comprises a number of real estate financing banks. The company's activities span three sectors of the real estate market: commercial property, infrastructure and public finance, and capital markets and asset management. Hypo Real Estate is the second largest commercial property lender in Germany. The bank originated in 2003 from the real estate financing business of HypoVereinsbank. It employs about 2,000 people and was one of the 30 members of the DAX stock index of the largest German companies between December 2005 and

neg: Real estate derivative individual real estate assets. With the real estate call option, property owner can sell an option in exchange for debt-free cash today. Investor, who buys the real estate call option benefits from property price appreciation and price volatility. With the real estate put option (Selling price decline insurance) investor can sell an option thus the investor underwrites price decline insurance. Property owner, who buys the option, is protected against price decline of the property. Owning real estate assets is costly, and the transaction costs associated with purchasing commercial real estate can be prohibitive. Typical transaction costs can equal 500 -

neg: Indian property bubble Indian real estate sector, by encouraging greater transparency, accountability and financial discipline. The market size of real estate sector in 2017 was US$ 120 billion which is expected to reach US$ 1 trillion by 2030. It is expected that the sector would have a contribution of 13% to the GDP of country by 2050. Indian property bubble The Indian Real Estate Sector is not as impressive for investments as it used to be in 2001 to 2007.The real estate sector is thought to be collapsing due to increasing costs of financing. Real estate projects in India take a long time

neg: Hedonic regression market transaction data. It can also be used to analyze the demand for various housing characteristics, and housing demand in general. It has also been used to test assumptions in spatial economics. The Uniform Standards of Professional Appraisal Practice, or USPAP, provides for mass appraisal standards to govern the use of hedonic regressions and other automated valuation models when used for real estate appraisal. Appraisal methodology treats the hedonic regression as essentially a statistically robust form of the sales comparison approach. Hedonic models are commonly used in tax assessment, litigation, academic studies, and other mass appraisal projects. While studying the

neg: Real estate broker involve the legal representation by a real estate broker (on behalf of a real estate company) of the principal, whether that person(s) is a buyer or a seller. The broker and his licensed real estate salespersons (salesmen or brokers) then become the agents of the principal. The most recent development in the practice of real estate is "designated agency" which was created to permit individual licensees within the same firm, designated by the principal broker, to act as agents for individual buyers and sellers within the same transaction. In theory, therefore, two agents within the same firm act in strict

neg: Buy side also refer to real estate. There is a sell side and a buy side in every transaction. While most real estate technology currently focuses on the sell side, there are a few companies that are developing tools for the buy-side. Globally buy-side asset managers are looking at increased regulation in regards to their use of financial index and benchmark data, including adhering to IOSCO Principles. This is expected to increase cost and time for the buy-side in managing their data. Buy side Buy-side is a term used in investment firms to refer to advising institutions concerned with buying investment services.

neg: Canadian Real Estate Association is accurate and agrees to handle all other details of the transaction directly. The seller may have to pay a commission to the buyer's real estate agent, if the buyer uses one. Approximately 90% of real estate transactions in Canada in 2009 were conducted via the MLS. Its 2017-18 president is Andrew Peck. In 2015 CREA commissioned a study of the Canadian real estate industry by trend analysts Stefan Swanepoel. The goal of report was to provide the Canadian residential real estate industry with a comprehensive and objective analysis of the most significant threats, risks, and black swans that could

neg: Market value only requires that the appraiser provide both the definition of value being used and the citation for that definition. Market value is the most commonly used type of value in real estate appraisal in the United States because it is required for all federally regulated mortgage transactions, and because it has been accepted by US courts as valid. However, real estate appraisers use many other definitions of value in other situations. Liquidation value is the most probable price that a specified interest in real property is likely to bring under all of the following conditions: This value definition differs from

neg: Real estate investment trust capital markets. Real estate investment trust A real estate investment trust (REIT) is a company that owns, and in most cases operates, income-producing real estate. REITs own many types of commercial real estate, ranging from office and apartment buildings to warehouses, hospitals, shopping centers, hotels and timberlands. Some REITs engage in financing real estate. REITs can be publicly traded on major exchanges, public but non-listed, or private. The two main types of REITs are equity REITs and mortgage REITs (mREITs). In November 2014, equity REITs were recognized as a distinct asset class in the Global Industry Classification Standard by S&P

neg: Real estate investment trust Real estate investment trust A real estate investment trust (REIT) is a company that owns, and in most cases operates, income-producing real estate. REITs own many types of commercial real estate, ranging from office and apartment buildings to warehouses, hospitals, shopping centers, hotels and timberlands. Some REITs engage in financing real estate. REITs can be publicly traded on major exchanges, public but non-listed, or private. The two main types of REITs are equity REITs and mortgage REITs (mREITs). In November 2014, equity REITs were recognized as a distinct asset class in the Global Industry Classification Standard by S&P Dow Jones

neg: UCC-1 financing statement are often found in the local newspapers. Once the form has been filed, the creditor establishes a relative priority with other creditors of the debtor. This process is also called "perfecting the security interest" in the property, and this type of loan is a secured loan. A financing statement may also be filed in the real estate records by a lessor of fixtures to establish the priority of the lessor's rights against a holder of a mortgage or other lien on the real property. The creditor's rights against the debtor and the lessor's rights against the lessee are based on

neg: Nonrecourse debt is typically used to finance commercial real estate, shipping, or other projects with high capital expenditures, long loan periods, and uncertain revenue streams. It is also commonly used for stock loans and other securities-collateralized lending structures. Since most commercial real estate is owned in a partnership structure (or similar tax pass-through), nonrecourse borrowing gives the real estate owner the tax benefits of a tax-pass-through partnership structure (that is, loss pass-through and no double taxation), and simultaneously limits personal liability to the value of the investment. A nonrecourse debt of $30 billion was issued to JPMorgan Chase by the Federal Reserve

neg: Guarantee If one of a number of joint and several sureties dies, the future liability of the survivors continues, at least until it has been terminated by express notice. In such a case, however, the estate of the deceased surety would be relieved from liability. The statute of limitations may bar the right of action on guarantees subject to variation by statute in any U.S. state where the guarantee is sought to be enforced. Guarantee Guarantee is a legal term more comprehensive and of higher import than either warranty or "security". It most commonly designates a private transaction by means of

neg: Business valuation in a free market the supply and demand forces will drive the price of business assets to a certain equilibrium. Buyers would not pay more for the business, and the sellers will not accept less, than the price of a comparable business enterprise. The buyers and sellers are assumed to be equally well informed and acting in their own interests to conclude a transaction. It is similar in many respects to the "comparable sales" method that is commonly used in real estate appraisal. The market price of the stocks of publicly traded companies engaged in the same or a similar

neg: Buyer brokerage for the same property. A real estate agency should have a written, objective policy for how it will handle conflicts of interest and this policy should be disclosed to any potential client in advance. Buyer brokerage A buyer brokerage or buyer agency is the practice of real estate brokers and their agents representing a buyer in a real estate transaction rather than, by default, representing the seller either directly or as a sub-agent. In the United Kingdom and Australia, the most common term is buying agent. In most U.S. states and Canadian provinces, until the 1990s, buyers who worked with

neg: Delaware statutory trust their expertise, while offering liability protection similar to that of a Limited liability company or Partnership. Since the year 2000, Delaware statutory trusts have increasingly been used as a form of tax deferral, asset protection, and balance sheet advantages in real estate, securitization, mezzanine financing, real estate investment trusts (REITs), and mutual funds. Massachusetts, another state that has trust law, refers to its legal entity as a Massachusetts business trust. Most states, however, still rely on Common Law to oversee the trusts within their jurisdiction. The formation of a Delaware statutory trust is relatively simple and inexpensive, when compared to

neg: Credit tenant lease called credit tenants. A lender will offer better financing terms for a development with a certain amount of space preleased or currently leased to credit tenants. Credit tenant lease A credit tenant lease is a method of financing real estate. The landlord borrows money to finance the property and pledges as security the rents to be received from the tenant. Usually, the financing is structured as nonrecourse debt, and the lease is structured as a triple net lease. Credit tenant leases may be created either in sale/leaseback transactions, or new purchase transactions. A credit tenant is usually an organization with

neg: Equity risk Equity risk Equity risk is "the financial risk involved in holding equity in a particular investment". Equity risk often refers to equity in companies through the purchase of stocks, and does not commonly refer to the risk in paying into real estate or building equity in properties. The measure of risk used in the equity markets is typically the standard deviation of a security's price over a number of periods. The standard deviation will delineate the normal fluctuations one can expect in that particular security above and below the mean, or average. However, since most investors would not consider fluctuations

neg: Hmong music others in the jungle. Although the raj is not played by everyone, most people in Laos could understand the messages played on the instrument because the pitches were based on real tones of the words. Most of these messages were either about loneliness or love. The ncas is another instrument used in Hmong music similar to the jaw harp. The ncas is a six-inch, thin strip of wood or brass with a blade cut out from it. The ncas is played by vibrating next to the mouth while blowing air through the blade. It is commonly used in Hmong courting

neg: Private money Private money "For non-government backed currency see:Private currency" Private money is a commonly used term in banking and finance. It refers to lending money to a company or individual by a private individual or organization. While banks are traditional sources of financing for real estate, and other purposes, private money is offered by individuals or organizations and may have non traditional qualifying guidelines. There are higher risks associated with private lending for both the lender and borrowers. There is traditionally less "red tape" and regulation. Private money can be similar to the prevailing rate of interest or it can be

neg: Security (finance) Security (finance) A security is a tradable financial asset. The term commonly refers to any form of financial instrument, but its legal definition varies by jurisdiction. In some jurisdictions the term specifically excludes financial instruments other than equities and fixed income instruments. In some jurisdictions it includes some instruments that are close to equities and fixed income, e.g., equity warrants. In some countries and languages the term "security" is commonly used in day-to-day parlance to mean any form of financial instrument, even though the underlying legal and regulatory regime may not have such a broad definition. In the United Kingdom,

neg: Bridge loan the other hand, they are typically arranged quickly with relatively little documentation. Bridge loans are often used for commercial real estate purchases to quickly close on a property, retrieve real estate from foreclosure, or take advantage of a short-term opportunity in order to secure long-term financing. Bridge loans on a property are typically paid back when the property is sold, refinanced with a traditional lender, the borrower's creditworthiness improves, the property is improved or completed, or there is a specific improvement or change that allows a permanent or subsequent round of mortgage financing to occur. The timing issue may arise

neg: Hanseatic Bank any time. The bank also offers a free savings bond, which can be concluded with a fixed or a variable interest rate. Hanseatic Bank’s EigentümerDarlehen (loan for real estate owners) offers a financing solution for the acquisition or modernization of real estate. The loan is generally used as a supplement to the initial financing and is sold by numerous partners, such as brokers, building societies and insurance companies. Hanseatic Bank also issues its own credit cards, the GenialCard and the GoldCard. The GoldCard includes an insurance package with, among other things, a curtailment, a baggage and travel health insurance. The

neg: Victor di Suvero well as in California. The various financing contacts di Suvero had developed for his real estate business gave him the opportunity to extend his management and funding practice into a succession of mining ventures. He became a principal in Standard Coal Co., developing mines in Tennessee and West Virginia. Subsequently he established "Sapphire Trading Company" which reopened the Yogo Sapphire Mine in Montana and the Noble Metals Mine Operation in Southern California and Nevada. In 1999 he established Liberty Resources, LLC which currently controls two mining operations in Nevada and one in California. During this entire period di Suvero continued

neg: Exclusive buyer agent the conflicts of interest which may be associated with the Dual, Limited or Designated Agency business models. Exclusive buyer agent An exclusive buyer agent (EBA) is a U.S. real estate firm (or an agent or broker who works in such a company) that represents only buyers of real estate. EBA firms never take listings and, therefore, never represent the seller in a real estate transaction. Exclusive buyer agent firms have chosen this business model in order to eliminate the conflict of interest that exists when one firm attempts to represent both buyer and seller in the same transaction. Real estate

neg: Civil law notary or falsified. Notaries engage in a wide variety of legal activities ranging from contract drafting and legal advising—primarily in company, family, and property law. Roughly 50% of French notarial business involves real estate conveyancing, leasing, and construction. Domestic affairs, e.g., adoptions, marital agreements, divorces, and the like, as well as estate planning account for another 26%. Preparing notarial acts for private parties, informing parties as to the scope of their contractual obligations, ensuring that the instrument or contract is fair and unbiased, and acting as a non-contentious and impartial advocate for the business transaction as a whole, notaries prevent and

neg: Real Estate Settlement Procedures Act services are bundled, but where the real estate agent or lender must pay directly for all other costs. Under this system, lenders, who have more buying power, would more aggressively seek the lowest price for real estate settlement services. While both the HUD-1 and HUD-1A serve to disclose all fees, costs and charges to both the buyer and seller involved in a real estate transaction, it is not uncommon to find mistakes on the HUD. Both buyer and seller should know how to properly read a HUD before closing a transaction and at settlement is not the ideal time to

neg: Closing (real estate) Closing (real estate) Closing (also referred to as completion or settlement) is the final step in executing a real estate transaction. The closing date is set during the negotiation phase, and is usually several weeks after the offer is formally accepted. On the closing date, the ownership of the property is transferred to the buyer. In most jurisdictions, ownership is officially transferred when a deed from the seller is delivered to the buyer. Lenders providing a mortgage loan will often require title service, including title search and title insurance, appraisal, land survey, and attorneys to be involved. Several things happen

neg: Creative financing from private investors. Desperate borrowers with poor credit scores, bankruptcies, no verifible income, or too much debt often take out hard money loans when they are unable to qualify for traditional mortgages. Hard money becomes a last resort when borrowers cannot meet the lending standards set by banks or government sponsored enterprises such as Fannie Mae and Freddie Mac. A private mortgage is a loan secured by real estate that is made by a private lender, instead of a traditional lender, financial institution, or government institution. These loans are most commonly short term and last anywhere from 6 months to

neg: Deposit bond Deposit bond Deposit bonds are a type of Surety bond ― a financial instrument commonly used in Australia as an alternative to a cash deposit. Deposit bonds facilitate residential or commercial real property purchases. They are sometimes confused with deposit insurance, by which a bank's deposits are protected, but they are actually financial instruments that apply to real estate transactions. A buyer can use a deposit bond in the place of cash, by giving the seller a deposit bond at the time of purchase. The buyer and seller both must agree that the buyer will pay the seller the total

neg: Daniel Biles graduating from Law School, Biles joined the Kansas Attorney General's Office from 1980 to 1985 before entering into private practice. In 1985 Biles became a partner of the law firm of Gates, Biles & Shields, P.A., which is based in Overland Park, KS. Biles focused his legal practice in the areas of Commercial Litigation, Education Law, Administrative Law, Appellate Practice, Real Estate Transaction, Employment Law, Transportation, Municipal Financing, Civil Rights, First Amendment Cases, and Media Law. Biles while in private practice work was active in political endeavors as he was a member of the Kansas Turnpike Authority Board and also

neg: Financing, Insurance, Real Estate and Business Services (constituency) Financing, Insurance, Real Estate and Business Services (constituency) The Financing, Insurance, Real Estate and Business Services functional constituency was in the elections for the Legislative Council of Hong Kong first created in 1995 as one of the nine new functional constituencies under the electoral reform carried out by the then Governor Chris Patten, in which the electorate consisted of total 171,534 eligible voters worked in the services sector related to finance, insurance, real estate and business in Hong Kong. The constituency was abolished with the colonial Legislative Council dissolved after the transfer of the sovereignty in 1997. A similar Insurance

neg: Financing, Insurance, Real Estate and Business Services (constituency) functional constituency was created for the 1998 election by the HKSAR government with a much narrow electorate base which restricted to only less than 200 insurers. Financing, Insurance, Real Estate and Business Services (constituency) The Financing, Insurance, Real Estate and Business Services functional constituency was in the elections for the Legislative Council of Hong Kong first created in 1995 as one of the nine new functional constituencies under the electoral reform carried out by the then Governor Chris Patten, in which the electorate consisted of total 171,534 eligible voters worked in the services sector related to finance, insurance, real estate

neg: Private transfer fee property that is to be made subject to the fee is located. The instrument is typically styled “Declaration of Covenant”, “Covenants, Conditions and Restrictions”, or similar, and is executed by the property owner, known as the “Declarant”. Commonly, the Declarant is a real estate developer who creates the assessment for purposes of recovering expenses incurred in connection with infrastructure and other capital improvements made to or in connection with the property. Notice Purchasers of real estate encumbered by a private transfer fee assessment receive both constructive and actual notice of the assessment. Constructive notice is notice inferred from the record

neg: Conveyancing will sit around a table with the buyer and seller and literally "pass papers" to effect the transaction. Much more commonly, the transaction is closed by use of an escrow. ("See also" Escrow § Real estate.) Practice vary from state to state as to who conducts the title search to make sure the seller has or can convey clear title, including what liens must be paid, and as to who acts as the escrow holder. In many states attorneys still act as the escrow agent and title inspector. In many others those functions are conducted by licensed escrow agents who

neg: AG Real Estate Contipark Group, Interparking is now number one on the German market. AG Real Estate AG Real Estate (former Fortis Real Estate) is a wholly owned subsidiary of AG Insurance (Ageas) and the largest real estate group in Belgium, headquartered in Brussels. AG Real Estate has a portfolio under management of over €6 billion that incorporates office buildings, shopping malls, logistics properties, residential properties and shares in real estate investment funds, both listed and unlisted. Its core activities include real estate development, asset management, property management, real estate financing and public car park management. AG Real Estate is a parent company

neg: HomeLight have reported they feel HomeLight is biased in favor of realtors who sign a referral agreement with them. HomeLight claims their algorithm ranks agents regardless of agreement status and the agent pays a service fee only after the transaction is complete. HomeLight is paid from the agent’s final commission in the form of a 25% referral fee. Matched results provided by HomeLight only include real estate agents who have agreed to pay the referral fee to HomeLight after the transaction is complete. While HomeLight ranks real estate agents independently of their referral status, it does not match real estate consumers

neg: Real Estate Transaction Standard protocol, which did not allow for queries, and required transfer of complete datasets. The inefficiencies of this approach meant that to generate a query such as "new listings since yesterday", the entire dataset had to be downloaded again and compared with a local copy. Rather than basing a solution on alternatives used by other industries to allow for such queries, RETS was created from the ground up as a new framework to attempt to address the need for a common and efficient standard for the exchange of real estate data. Most North American multiple listing service (MLS) data exchange service

neg: Creative financing takes place without the consent of the original lending institution and violates the terms of the loan. This technique is useful because it affords the buyer the ability to obtain financing without the need for transaction costs and does not tie up capital to obtain a new loan. The technique also allows the buyer to purchase property quickly without going through the arduous loan origination process. A land trust is an agreement whereby one party (the trustee) agrees to hold ownership of a piece of real property for the benefit of another party (the beneficiary). Land trusts are used by

neg: Real estate investing transaction if price and terms can be satisfactorily negotiated. This earnest money may or may not be refundable, and is considered to be a signal of the seriousness of the investor's intent to purchase. The terms of the offer will also usually include a number of contingencies which allow the investor time to complete due diligence, inspect the property and obtain financing among other requirements prior to final purchase. Within the contingency period, the investor usually has the right to rescind the offer with no penalty and obtain a refund of earnest money deposits. Once contingencies have expired, rescinding the

neg: AG Real Estate AG Real Estate AG Real Estate (former Fortis Real Estate) is a wholly owned subsidiary of AG Insurance (Ageas) and the largest real estate group in Belgium, headquartered in Brussels. AG Real Estate has a portfolio under management of over €6 billion that incorporates office buildings, shopping malls, logistics properties, residential properties and shares in real estate investment funds, both listed and unlisted. Its core activities include real estate development, asset management, property management, real estate financing and public car park management. AG Real Estate is a parent company of Interparking, one of Europe's best known premier car parking facility

neg: Bertel O. Steen as agent for major defence investments. Bertel O. Steen Bertel O. Steen AS is one of Norway’s largest service and trading companies, and has its headquarters in Lørenskog municipality. At year-end 2011, the Group had 2,660 man-years and operating revenues of NOK 11.7 billion. The Group is divided into three main segments – Cars, Other Business and Real Estate. The Car segment comprises Car Imports, Car Retail and Car Financing. Other Business comprises Agriculture, Sports and Leisure, Industry and Security and Snap Drive AS. The Real Estate segment comprises the Group's properties for car retail and other commercial properties. The

neg: Bertel O. Steen Bertel O. Steen Bertel O. Steen AS is one of Norway’s largest service and trading companies, and has its headquarters in Lørenskog municipality. At year-end 2011, the Group had 2,660 man-years and operating revenues of NOK 11.7 billion. The Group is divided into three main segments – Cars, Other Business and Real Estate. The Car segment comprises Car Imports, Car Retail and Car Financing. Other Business comprises Agriculture, Sports and Leisure, Industry and Security and Snap Drive AS. The Real Estate segment comprises the Group's properties for car retail and other commercial properties. The car import and retail segment constituted

neg: Credit tenant lease Credit tenant lease A credit tenant lease is a method of financing real estate. The landlord borrows money to finance the property and pledges as security the rents to be received from the tenant. Usually, the financing is structured as nonrecourse debt, and the lease is structured as a triple net lease. Credit tenant leases may be created either in sale/leaseback transactions, or new purchase transactions. A credit tenant is usually an organization with a national footprint, a large regional tenant, or a local tenant with excellent credit that may be better than their national competitors. Only larger companies are

neg: Khartal (Marathi: ). It is commonly used in religious song like Kirtans and Bhajans. In Odisha, the "dasakathi" is a similar instrument. It is most notably employed in a folk theatre form that derives its name from the instrument itself, "dasakathia". The ramatali is a larger variant that is associated with the Ramayana according to a traditional legend. In Telugu language, the word "Karatāḷa Dhvani" is most commonly used for sound produced from clapping hands. Khartal A khartal or kartal is a percussion instrument of India. Khartal is an ancient instrument mainly used in devotional / folk songs. It has derived

neg: For sale by owner For sale by owner For Sale By Owner, or FSBO, is the process of selling real estate without the representation of a real estate broker or real estate agent. Homeowners may employ the services of marketing or online listing companies or market their own property but do not pay a commission and represent themselves with the help of a lawyer or Solicitor (mostly in Commonwealth) throughout the sale. There are many options open to the FSBO seller. Many companies both online and brick and mortar offer various levels of services and price points. These include: The home sale transaction used

neg: Real estate broker without listing services, brokerage actually significantly "reduces" the average sale price. Real estate broker A real estate broker or real estate salesperson (often called a real estate agent) is a person who represents sellers or buyers of real estate/real property. Their mission is to negotiate a sales agreement and manage the documentation required for the closing of a real estate transaction. The real estate broker owes fiduciary duties, which include care, confidentiality, loyalty, obedience, accounting, and disclosure to whomever that broker services as a client. The broker must ensure to negotiate in the best interest of the client, and at

neg: Real estate broker Real estate broker A real estate broker or real estate salesperson (often called a real estate agent) is a person who represents sellers or buyers of real estate/real property. Their mission is to negotiate a sales agreement and manage the documentation required for the closing of a real estate transaction. The real estate broker owes fiduciary duties, which include care, confidentiality, loyalty, obedience, accounting, and disclosure to whomever that broker services as a client. The broker must ensure to negotiate in the best interest of the client, and at all times keep the client (buyer) aware of any new information

neg: Stefan Swanepoel of new data aggregators and Web portals, that Swanepoel predicted and supports, he has dating back to the 90s also been a strong proponent that real estate agents have an important role in the home buying transaction. He said that the 2014 acquisition of Trulia by Zillow and of Move (company) by News Corp was beneficial to buyers and sellers of homes, because it would improve innovation and the quality of real estate information. The Swanepoel Power 200 (SP200) is an annual list of the 200 most powerful people in residential real estate in northern America (United States and Canada).

neg: Seller financing home ownership, they are considered predatory by groups such as the Center for American Progress. In addition, some investment firms have shied away from getting involved with seller financing out of fear for their reputations. A 2012 study of seller financing contracts in Maverick County, Texas found that less than 20% of people who signed such a contract ever came to fully own the home. Seller/buyer benefits: Seller financing Seller financing is a loan provided by the seller of a property or business to the purchaser. When used in the context of residential real estate, it is also called "bond-for-title"

neg: Auction rate security Auction rate security An auction rate security (ARS) typically refers to a debt instrument (corporate or municipal bonds) with a long-term nominal maturity for which the interest rate is regularly reset through a dutch auction. Since February 2008, most such auctions have failed, and the auction market has been largely frozen. In late 2008, investment banks that had marketed and distributed auction rate securities agreed to repurchase most of them at par. The first auction rate security for the tax-exempt market was introduced by Goldman Sachs in 1988, a $121.4 million financing for Tucson Electric Company by the Industrial Development

neg: International real estate transactions are: Most international commercial real estate transactions take place between corporations and may involve, lead to, or be a consequence of legal, design, urban planning, engineering, financing, and construction work. From a national government perspective, attracting foreign investment into real estate development projects can be a key priority for increasing country revenue and a key strategy for increasing the availability of national infrastructure and amenities. Some of the factors leading to the growth in the international commercial real estate sector are: International capital market integration requires institutional help, both through the emergence of investment products catering to international investors,

neg: Virginia Beach, Virginia the Dome was frequently used as a bingo hall. The building was razed in 1994 to make room for a municipal parking lot and potential future development. Real estate, defense, and tourism are major sectors of the Virginia Beach economy. Local public and private groups have maintained a vested interest in real-estate redevelopment, resulting in a number of joint public-private projects, such as commercial parks. Examples of the public-private development include the Virginia Beach Convention Center, the Oceanfront Hilton Hotel, and the Virginia Beach Town Center. The city assisted in financing the project through the use of tax increment financing:

neg: Dealpath of May 2018, the platform had been used to manage over $500 billion in real estate transaction volume. Dealpath is a cloud-based deal management platform that centralizes pipeline tracking, tasks, files, and reporting for real estate investment and development teams. It was publicly launched on October 6, 2016 and is currently used by hundreds of investment firms, including public and private REITs, PERE firms, development firms, and acquisitions teams. Dealpath has announced numerous product upgrades since then, including the support for file folders, a global expansion to 16 countries around the world, the addition of Gantt charts, and the launch

neg: Automated efficiency model on public information rather than information which is private to the resident such as actual utility bills. Utility bills can vary based on the occupancy and personal property within a structure. The public information used in AEMs is relatively static as it is focused on details of the structure, location and/or mechanical systems and therefore tends to reflect the real property transferred during a real estate transaction. According to the Council of Multiple Listing Services advantages are, “AEMs provide consumers with a quick comparison of all properties across a specified market. Since most focus on the attached systems and structure,