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A person owning, managing, or being in charge of a real estate brokerage firm, even if the broker just works for 2nd lender mortgage wholesale or herself. The real estate brokerage itself. The brokerage is the firm or business of the broker which can also called a real estate agency. A licensed real estate professional who has obtained a broker's license (which entitles them to operate a real 2nd lender mortgage wholesale brokerage). By default, a real estate broker of this kind has already met the requirements of "salesperson" or "agent" licensure. A real estate broker can still be designated as such without owning 2nd lender mortgage wholesale real estate brokerage. Some people may refer to any licensed real estate agent as a real estate broker. A licensed real estate agent is a professional who has obtained either a real estate salesperson's Amortization is distribution of a single lump-sum cash flow into many smaller cash flow 2nd lender mortgage wholesale for easier repayment. Unlike other repayment models, each repayment installment consists of both principal and interest. Amortization is chiefly used in loan repayments (a common example being a mortgage) and sinking funds. The payments are usually 2nd lender mortgage wholesale equal amounts. In the case of a loan, a greater amount of the payment is applied to interest at the beginning, while during the latter portion, more money is applied