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RM Reports / RM Warehouse

Weekly Word Wizard – RealtyMyths

Welcome back to RealtyMyths weekly word wizard. Here are some real estate terms that you should know.

Deed – A legal document, duly executed and delivered by the grantor that conveys to the grantee some right, title or interest in or to real estate.

Delinquency – A loan in which a payment is overdue but not yet in default.

Easement – A right of way giving persons other than the owner access to or over a property.

Effective Gross Income – The scheduled gross income of a property minus the vacancy rate.

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