Favorite Listings:
This tool allows you to save listings to your "Favorite Listings" folder so you can conveniently manage and view your Favorite Listings at any time. In addition, you can email your Favorite Listings to your agent, a co-buyer or a friend.

Featured Listings:
Exclusive properties. Featured Listings provide prospective buyers with virtual tours, photos, addresses, maps, home information and more.

FHA Loan:
A mortgage where the lender is insured against loss by the Federal Housing Administration (FHA).

FICO Score:
Computer score, based on information from a borrower's credit history, used by a lender to predict the likelihood that the borrower will repay a mortgage.

Fiduciary:
A person who acts on the behalf of others in a legal manner.

Finish-Out Stage:
Last phase of construction where final details and installations are completed.

Fixed-Rate Mortgage (FRM):
A debt instrument in which the interest rate does not change during the entire loan term. Also referred to as FRM.

Floor Plan:
A scale diagram of a building or rooms drawn as if seen from above.

Floor Plans:
Drawings or pictures of a home's layout, showing the arrangement of rooms in relation to one another. Online floor plans are provided with your listing when you sell.

Foreclosure:
Legal loss of property because of non-payment of a mortgage.

Frame Stage:
Building phase between the time the slab is poured and the drywall is added.

FRM:
A debt instrument in which the interest rate does not change during the entire loan term. Also referred to as Fixed-Rate Mortgage.

FSBO:
Real estate jargon (pronounced fiz-bow), an acronym that stands for "For Sale By Owner" is used to describe someone who is not working with a sales professional to sell property.

Full Service Agent:
A real estate office with licensed sales professionals for the purpose of listing homes for sale and representing buyers in real estate transactions.

Definitions are intended to be informational only. Please be advised that real estate practices vary from state to state and market to market. The information contained herein does not constitute legal advice. It is recommended that you consult with a qualified real estate attorney who can advise you specifically with respect to the requirements in your market.