Real Estate Website & Search Engine Optimization Glossary

Bungalow  
A one-story, home-style dating from the early twentieth century. Often characterized by a low-pitched roof.

Buy down
An interest rate buy down is the temporary reduction of the note rate and resulting monthly payments a borrower pays to the lender. The shortfall between the rate on the note and initial payment made by the borrower is usually paid by a third party such as a seller or builder.

Buyer's Broker
Agent who takes the buyer as a client, and is obligated to represent their interest above all others, and owes specific fiduciary duties to the buyer.