This information is provided for reference only. Real estate laws are different in each state.
If in doubt about any real estate matter seek the advice of an attorney.
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Underwriting The process of verifying data and approving a loan.
Undisclosed Dual Agency A relationship in which the real estate agent is found to be the agent of both the buyer and seller in a transaction, but without the knowledge and informed consent of both parties. Undisclosed Dual Agency is illegal in all states.
Usury Charging more than the rate of interest allowed by law.
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