Real Estate And Search Engine Optimization Glossary

Estate For Years
Tenant has rights in real property for a designated number of years.

Estimated Closing Costs Statement
The statement which lists the financial settlement between buyer and seller and the costs each must pay. A separate statement for buyer and seller is sometimes prepared.

Estoppals
An impediment to a law of action, whereby one is forbidden to contradict or deny one's own previous statement or act.

Exclusive Agency
Listing agreement in which only the listing office may sell the property and earn the commission. If the owner sells the house, the listing office would not receive any commission.

Exclusive Right-to-Sell
Listing agreement under which the owner promises to pay a commission if the property is sold during the listing period by anyone, even the owner.

Executer  
The person named in a will to administer the estate.