Vocabulary Lesson

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#ChalkTalk Easement- Real Estate Vocabulary Lesson /ˈēz-mənt/  An easement gives someone else the right to use your land. The most common easements in residential Real Estate usually involve utilities or homeowner’s associations. A utility easement allows the (gas, water, electric, etc.) company to use part of your land to run lines and grants them access to perform maintenance or make repairs. […]
#ChalkTalk Earnest Money and Escrow- Real Estate Vocabulary Lesson /ˈərnəst ˈmənē/ and /ˈeskrō/  Earnest money is the cash (usually a personal check) that is paid to the seller by the buyer upon acceptance of a contract to buy a home. The purpose is to provide a good-faith guarantee of the buyer’s seriousness about purchasing the home. Think of it kind of like a deposit. […]
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