E - Brooklyn Real Estate, New York Real Estate, B.H. TAL Real Estate

Glossary: E

Escrow
This means valuables (often in connection with real estate) received by a third party (the escrow service) for the benefit of two parties until their transaction is completed. The reason for the wait is often due to some mitigating circumstance, e.g. needing to pass a building inspection or to get a mortgage. The escrow account can give the seller peace of mind in that the buyer has the funds available to complete the transaction.

Estate
The assets of one who is deceased.

Excellent condition
This means the property in question is in wonderful shape and is ready for move in; no renovations necessary.

Exclusive listing
This means a broker has been given the rights by the property owner to be the only realtor working on the sale.

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Glossary: E

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