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Real Estate Glossary

What does Power of Attorney mean?

Power of Attorney - A power of attorney is a legal document that allows an individual to appoint someone else (the "attorney-in-fact" or "agent") to act on their behalf. This can include making financial or legal decisions, signing documents, and accessing accounts. There are different types of power of attorney, such as general power of attorney, which grants broad authority, or limited power of attorney, which grants specific authority for a particular task.

ALTA

Assumable Mortgage

Basis Point

Bilateral Contract

Breach of Warranty

Commencement Date

Density Test

Federal Style

Grantor

Home Equity Conversion Mortgage

Home Rule

Hours of Operation (In a Lease)

Kick-Out Clause

Non-Recurring Closing Costs

Prepaid Interest

Purchase Agreement

Real Estate Settlement Procedures Act

Utilities Availability (In a Lease)

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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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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.

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Artur

Real Estate Assistant