Real Estate Glossary

What is Book Value?

Book Value is an accounting term that refers to the value of an asset as it is recorded on a company's balance sheet. This value may be different from the market value of the asset, and it is calculated by subtracting the accumulated depreciation from the original cost of the asset. The book value is used to determine the value of a company's assets for accounting and tax purposes.

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Beycome Family of Companies: Beycome Mortgage LLC provides home loans; Beycome Brokerage Realty LLC, Beycome Brokerage Realty Inc., and Beycome of Florida LLC provide real estate services; Beycome Title of Florida LLC provides title insurance services. These are separate entities under Beycome Corp., each governed by its own management as required by law, but all owned by the same individuals, forming a business relationship.
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