Saturday, November 8, 2025, 7:29 PM
Site: MLS Campus Inc - Real Estate School
Course: MLS Campus Inc - Real Estate School (MLS Campus)
Glossary: Real Estate Glossary
C

Chain of Title

A series of conveyances encumbrances and other instruments affecting the title from the time original patent was granted or as far back as records are available. A history of the recorded ownership of real estate and claims against title to real estate.

Change of Association

Procedure that is done to terminate your license or change the broker you are listed under 

Chattel

The old name for personal property.

Chattel Mortgage

A personal-property mortgage. (See Security Agreement.)

Chattel Real

In real estate an estate less than a freehold estate such as a lease.

Chattels

(1) Personal property. (2) This term is sometimes used in a law to describe any interest in real or personal property other than a freehold.

Circuit Breaker

An electrical device that automatically interrupts an electrical circuit when an overload occurs. Circuit breakers can be reset and today are used instead of fuses.

Civil Law

A system of jurisprudence sometimes called Roman law wherein all the laws are set forth in advance to regulate conduct (as opposed to common law where the principles of law develop on a case-by-case basis).

Commingling

The illegal act of a real estate broker who mixes the money of other people with that of his or her own; brokers are required by law to maintain a separate trust account for other parties' funds held temporarily by the broker

E

Escrow

The closing of a transaction through a third party called an escrow agent, or escrowee, who receives certain funds and documents to be delivered on the performance of certain conditions in the escrow agreement