December 11, 2019
ABC’s of Real Estate, London ON Real Estate Terms The following are commonly used real estate terms: In real estate, C is for. . . . Caveat Emptor: A Latin expression meaning, “Let the buyer beware”. Because the onus of examining the goods or property being purchased is on the buyer, the buyer is therefore at risk. Chattel: Personal property that is tangible and moveable. Commission: Monies paid to a brokerage upon the sale or lease of property, as a percentage or flat fee of the amount involved. Contract: A contract is a legally binding agreement between two or more […]