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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.

Entry link: Chain of Title

Change of Association

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

Entry link: Change of Association

Chattel

The old name for personal property.

Entry link: Chattel

Chattel Mortgage

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

Entry link: Chattel Mortgage

Chattel Real

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

Entry link: Chattel Real

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.

Entry link: Chattels

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.

Entry link: Circuit Breaker

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).

Entry link: Civil Law

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

Entry link: Commingling

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

Entry link: Escrow


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