Taunya Fagan Real Estate Glossary and Dictionary of Real Estate Terms Beginning With "I" - Mortgage Glossary and Real Estate Terminology - Terms You May Need to Know When Preparing Your Bozeman Real Estate Transaction

Ice Dam:
Condition formed at the lower roof edge by the thawing and re-freezing of melted snow on the overhang. Can force water up and under shingles, causing leaks.

Index:
A market fund rate that may be tied to an adjustable rate.

Intangible Mortgage Tax:
Tax based on the amount of the buyer's mortgage.

Interest:
The amount charged by a lender for the use of money.

Intra-Company Agent:
In Maryland, Real estate sales professionals who work for the same company where one is assigned to work with the buyer and the other is assigned to work with the seller in the same transaction. In such a transaction, there are two designated sales professionals in the same firm: one for the buyer and one for the seller.

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