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Real Estate Dictionary, “I” is for Inactive
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Knowledge is Power — Real Estate Dictionary
My mother told me that houses are not considered liquid investments, they are illiquid. This means that real 
estate cannot be quickly converted to cash.
My Colorado Springs Real Estate agent put her license on inactive. What does this mean? Colorado does allow Realtors put their license on inactive, which means that your Realtor cannot conduct business because her license is not active. You’ll hear people also refer to this as putting their license in “Ice”
I’m helping my grandmother sell her house in the Old Colorado City in Colorado Springs, and my brother said she is incompetent to make this decision, not sure what he means. Incompetence refers to a person who is not Read the rest of this entry »
