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Wednesday January 16 1W1 Page Real estate buzzwords Express Authority Authority delegated by the principal clearly sets forth in exact plain direct and welldefined limits lliose acts and duties which the agent is empowered perform on behalf of the principal Foreclosure Remedial court action by a mortgage when default occurs on a mortgage to cause forfeiture of the equity of redemption of the mortgagor CDS Ratio Gross Debt Service Ratio Lender allowable ratio of gross monthly payment to gross monthly income of mortgage pi icant Irrevocable Incapable of be recalled or revoked un changeable unalterable A right given lo a creditor creating an interest in the real property until the debt is discharged Ming Agreement An oral or written agreement between a properly owner and a broker authorizing the broker to offer the owner real property for sale or lease Met nits lien Construction lien A claim filed in the land registry office by an individual or company for labor or material or both supplied for the improvement of the properly Multiple 1 Service Ml Si An arrangement brokers who are real estate board members whereby each broker shares information regarding his listings with the other members who may negotiate the transaction Open I A listing given to any number of brokers without liability to compensate any ex the one who first acquires a buyer who is ready willing and able to meet the terms of the listing or secures the acceptance by the seller of a satisfactory of fer the sale of the property lulomatically terminates the listing Power Sale The right of a mortgagee to force the sale of the property without judicial pro ceedings if a default in payment Realtor A real estate salesper si or broker who is a member of i real estate board affiliated with ihc C inadian Real Estate Realtors subscribe lo a strict Code of Ethics and only Realtor has access to a Multiple I Re il The Inn of the tangible intangible it tributes of land and It is the sum of the of the real estate con as land and structure is ihc reil estate plus the rights that An agent auth by the listing or broker assist in irmsacting affairs I he principal with the express r implied of the prin I in sure I m not the only per son who believes that appliances down in threes so I vc been i lilllc nervous since our dryer packed it in recently One thing and then d if two oilier things don the need to keep it II sec It started when our year old son Klc came a few ago lining that ihc dryer l working My wife immediately shot him The 1 ook remembering how a few before he had almost done it in by attempting lo dry a soak ing wet lent a Cubs imp trip I can I get lo sun thats alt he claimed the pic lure of innocence His can duplicate this look of utter lessness whenever one of her lipsticks is missing Well I went down and look a look at it Now I a pretty handy guy but I knew when I was beat Like our old fridge this dryer didn l owe us a thing Your clothes dryer is one of your larger consumers of kilo wall hours every month and Em and I were interested in get ting one that wouldn dry us out of house and home for next 18 years or so 1 phoned The Hydro and found out some interesting seems that dryers have changed somewhat since Em and I got So when went shopping this lime looked for model with a cool down cycle Tins meant it would tumble clothes in cooler dur ing the five to minutes of operation saving energy As well an electronic moisture sensor can turn the dryer off hen the clothes arc dry Like your other mijor there ire other things you in do wuh to ener You can rcnioc and the lint filler alter each load And at Ic 1st twice a year turn off the power at the control I and move ihc dryer out to vacuum lint off the floor and surrounding walls Remove and clean ihc exhaust hose check the exhaust pipe vent and damper for obstructions and remove lint And one more thing make sure little boys wearing Cub uniforms always dry their tents outside I his newspaper in conjunc lion with Ontario Hydro is bringing you Phils Basement to help bring home ideas on how io save energy To receive an Appliance Kit call Ontario Hydro at I 263 9000 and tell them Phil sent you IS YOUR HOUSE BEING PROPERLY ADVERTISED Our Homestyle Real Estate Section reaches more local readers than any other media in this area That means if your house is not advertised with us youre not getting to all the prospec tive buyers for your house that you should be If your house is taking too long to sell make sure its being adver tised properly and let your agent know you want it advertised in The Halton Hills HERALD Home Newspaper Ration Hills Established 1866 For more information call Kim Haryott at 8772201