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B

Bankrupt

A person who is unable to repay its debts is recognized as bankrupt, it could be due to any state of that person.

Bill of sale

It is a written document, which transfers title to personal real estate property. For instance, when selling an automobile to get funds that could be used as a source of down payment, the lender would generally require the bill of sale to assist document this source of funds.

Broker

Broker is a person who acts as an intermediary on behalf of others for a fee or probably on a commission basis.

Binder

It is a preliminary contract secured by the payment of an intense value deposit under, which a buyer offers to buy real estate property.

 

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