The "L's" of Real Estate for Denver and Parker, Colorado

LIEN:  A right to keep possession of a property belonging to another person until a debt owed by that person is discharged either from a mortgage or a lien placed on a property for work/updates performed that have not been paid in full. 

LISTING:  A property that is up for sale on the open market via the local multiple listing service (MLS).

LISTING AGREEMENT:  A legally binding contract that allows a real estate agent or Relator to sell a property on behalf of the property owner.

LOAN:  The amount a buyer can borrow from a bank, private lender or third-party lender for market interest rates to purchase a property available for sale.