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Real Estate Glossary

What is Deposit?

A deposit is a sum of money that is paid in advance as a guarantee or as a show of good faith. Deposits are commonly used in real estate transactions, and they may be required by a seller in order to hold a property or by a lender in order to secure a loan. Deposits may be refundable or non-refundable, depending on the terms of the agreement, and they may be applied to the purchase price or other fees at the time of closing.

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Legal Disclaimer: Information is current as of May 14, 2024. Beycome Corp. may modify or discontinue products and benefits without notice. Eligibility and underwriting requirements must be met. No guarantee, warranty, or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition); such should be independently verified, and Beycome expressly disclaims any liability in connection therewith.

Trademark Notice: Logos and trademarks on our website are used to illustrate industry partnerships and do not imply endorsement unless explicitly stated. All trademarks belong to their respective owners, and we comply with trademark laws.

Beycome Family of Companies: Beycome Mortgage LLC provides home loans; Beycome Brokerage Realty LLC, Beycome Brokerage Realty Inc., and Beycome of Florida LLC provide real estate services; Beycome Title of Florida LLC provides title insurance services. These are separate entities under Beycome Corp., each governed by its own management as required by law, but all owned by the same individuals, forming a business relationship.
Beycome Corp. holds real estate brokerage licenses in Multiple States: Beycome of Florida LLC is licensed in FL. Beycome Brokerage Realty Inc is licensed in CA. Beycome of Connecticut in CT. Beycome Brokerage Realty LLC is licensed in AL, GA, IL, IN, MI, MN, NC, OH, SC, TN and TX.
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TREC: Brokerage Services, Consumer Protection Notice

IDX© information is provided exclusively for consumers’ personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate.

Listings Information: Listings information is updated daily. All information provided is deemed reliable but is not guaranteed accurate and should be independently verified.

Broker Compensation is fully negotiable and is not fixed, controlled, recommended, or suggested by law or any multiple listing service or association of REALTORS®.
Beycome fully supports the Equal Housing Opportunity laws.

Artur

Real Estate Assistant