AI Activity RecordAn append-only record of every action an AI assistant took on behalf of a brokerage: who or what acted, for whom, on what channel, and under what authorization.Clear Cooperation PolicyThe NAR rule requiring a listing to be filed with the MLS within one business day of being marketed to the public.Commission Disbursement AuthorizationA document instructing the closing or escrow agent how to pay out real estate commission at closing.Transaction CoordinatorA real estate professional who manages the administrative and compliance steps of a transaction from contract to close.Buyer Broker AgreementA contract between a buyer and a brokerage that establishes representation and how the broker is compensated.Electronic SignatureA legally recognized digital signature on real estate documents, valid under the ESIGN Act and UETA.Earnest MoneyA good-faith deposit a buyer makes to show serious intent to purchase, held in escrow until closing.ContingencyA condition in a purchase contract that must be met for the transaction to proceed, such as financing, inspection, or appraisal.Days on MarketThe number of days a listing has been active on the MLS, a common signal of demand and pricing.EscrowA neutral third-party arrangement that holds funds and documents until the conditions of a transaction are met.Multiple Listing ServiceA cooperative database where brokers share listings and offers of compensation to other brokers.Dual AgencyWhen one agent or brokerage represents both the buyer and the seller in the same transaction.Closing DisclosureA standardized five-page form detailing the final terms and costs of a mortgage loan, delivered before closing.