Real Estate Terms Crossword Puzzle

QUESTIONS LIST:

• transaction broker : represents both the buyer and the seller equally.
• closing cost : usually, comprised of between 2-5% of the total purchase price.
• disclosure : a document provided by the seller to a buyer that outlines known issues with a property and other historical details.
• realtor : a real estate agent who is a member of the national association of realtors and subscribes to its strict code of ethics.
• acceptance : when both the buyer and seller agrees to all of the terms in a written contract.
• sales offer : a written and signed document from the buyer specifying the price and all other terms and conditions of the purchase of the property
• closing : on the closing date, the property is legally transferred from the seller to the buyer.
• earnest money : money paid to confirm a contract usually 1-2% of the homes total purchase price.
• seller agent : represent the best interest of the seller.
• appraisal : an unbiased estimate of how much a home is worth.
• home warranty : a warranty purchased by the buyer or offered by the seller to protect you against most ordinary flaws and breakdowns for at least the first year of occupancy.
• negotiate : the buyer and seller go back and forth in writing to obtain or reach an agreement or compromise.
• fair housing act : prohibits discrimination and intimidation in housing.
• under contract : a home is under contract when a seller has accepted an offer from a buyer but the transaction has not yet closed.
• addendum : a document added to the purchase and sales agreement that includes additional contract terms not included in the original contract.
• due diligence : refers to a buyer's investigation of various aspects of a property within a specific time frame between entering the contract and closing.
• home inspection : an inspection report to find major damage or serious problems that require repair.
• buyer agent : represent the best interest of the buyer.