Real Estate Glossary

What is Warranty?

A warranty is a legally binding guarantee that a product or service will meet certain standards or perform in a certain way. In real estate, a warranty may be provided by a builder or seller of a property, guaranteeing that certain elements of the property, such as the roof or appliances, will be free from defects for a certain period of time after the sale. Home warranties are also offered by third-party companies, covering the cost of repairs or replacements of appliances, systems, and fixtures in the home after the sale.

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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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