The ORs & The EEs Flashcards
Licensee
Broker or Salesperson
Licensor
Real Estate Dept
Principal
Owner
Agent
Broker
Offeror
One who makes an offer
Offeree
Party to whom an offer is made
Optionor
Owner, prospective grantor, vendor or lessor.
Optionee
Prospective grantee, vendee or lessee
Vendor
Seller
Vendee
Buyer
Assignor
Party making an assignment
Assignee
Receiver of an assignment
Grantor
Owner/seller who is transferring title
Deed
An ownership conveyance
Grantee
Buyer/purchaser who is receiving title.
Mortgagor
Borrower, pledging property.
Mortgagee
Lender, one receiving the pledge, lends money.
Trustor
Borrower creating a trust
Deed of trust
Conveyance of title to trustee
Trustee
Holds title in trust for beneficiary
Testator/ Bequestor/ Legator
Maker of will
Will/ Bequest/ Legacy
Document stating desires of Testator
Devisee/ Bequestee/ Legatee
Receiver of real property interest by will
Insurer
Insurance Company