Real Estate Glossary

What is Commitment?

This is a formal agreement or promise to do something. In the context of real estate, a commitment might refer to a promise to buy or sell a property, to lend or borrow money, or to enter into a lease agreement. A commitment can be legally binding and may have consequences if it is not fulfilled.

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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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