Real Estate Glossary

What is Deposit?

A deposit is a sum of money that is paid in advance as a guarantee or as a show of good faith. Deposits are commonly used in real estate transactions, and they may be required by a seller in order to hold a property or by a lender in order to secure a loan. Deposits may be refundable or non-refundable, depending on the terms of the agreement, and they may be applied to the purchase price or other fees at the time of closing.

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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.
Beycome Corp. holds real estate brokerage licenses in Multiple States: Beycome of Florida LLC is licensed in FL. Beycome Brokerage Realty Inc is licensed in CA. Beycome of Connecticut in CT. Beycome Brokerage Realty LLC is licensed in AL, GA, IL, IN, MI, MN, NC, SC, TN and TX.
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