Commingling

In real estate practice, commingling refers to the improper mixing of trust funds with personal or business funds, in violation of fiduciary and legal requirements. This occurs when a broker or agent deposits personal or office money into a trust account or,...

Commercial Paper

In finance and real estate, commercial paper refers to negotiable financial instruments used in business transactions, most commonly promissory notes. These instruments represent a written, legally enforceable promise to pay a specified sum of money either on demand...

Commercial Loan

In real estate and finance, a commercial loan is a type of loan made by a commercial bank primarily for business purposes rather than for the purchase or financing of real property. These loans are often unsecured, meaning they are not backed by real estate or other...

Color of Title

In real estate law, color of title refers to a claim to ownership that appears to be valid based on a written document, such as a deed or court judgment, but is legally defective and does not convey true title. The defect may arise from issues such as improper...

Collateral

In real estate and lending, collateral refers to marketable real or personal property that a borrower pledges to a lender as security for the repayment of a loan. The collateral gives the lender a legal claim to the property in the event the borrower defaults on the...

Code of Ethics (Real Estate)

A code of ethics is a formal set of rules and principles that establishes standards of professional conduct for members of a particular profession and governs their responsibilities to clients, colleagues, and the public. It outlines expectations for honesty,...