What is a trigger item in real estate?

Asked by: Ernest Upton  |  Last update: February 11, 2025
Score: 5/5 (4 votes)

Open-end credit Triggering terms for home equity lines of credit advertisements include finance charges, periodic rates, late payment or credit limit charges, fees for documentary evidence, fees for title, appraisal, credit report fees, taxes, membership or participation fees and termination fees.

What is trigger in real estate?

Definition: used in advertising, include the following – the amount or percentage of down payment, number of payments, period (term) of repayment, amount of any payment, and the amount of any finance charges. Pronunciation: \ˈtri-g(ə-)riŋ\

What are examples of trigger terms?

The triggering terms are:
  • The amount of the down payment, expressed either as a percentage or as a dollar amount. ...
  • The amount of any payment expressed either as a percentage or as a dollar amount. ...
  • The number of payments. ...
  • The period of repayment (the total time required to repay). ...
  • The amount of any finance charge.

Which of the following is considered a triggering term?

The following are trigger terms: the amount or percentage of any down payment, the payment period, the monthly payment, and the amount of the finance charge.

What is a trigger in financial terms?

Triggers in the context of investing are market or investment-related occurrences that may cause the system or the investor to take a certain action. An event (trigger condition) and an activity taken when the event occurs make up a basic trigger setup.

What Are Mortgage Trigger Points and How Does it Impact Borrowers?

29 related questions found

What is a trigger term in a mortgage?

It is the presence of a specific word or phrase that would “trigger” the advertisement to include additional disclosures to the consumer. The specific triggering term and related requirements are governed by the Truth in Lending Act (for loan-related products) or the Truth in Savings Act (for deposit-related products).

What is a trigger and what is its purpose?

In psychology, triggers are experiences or stimuli that cause someone to relive a traumatic event in some way. The trigger may evoke difficult memories, bring back feelings of helplessness or fear, or cause people to behave in ways they or others do not understand.

What is considered a triggering event?

A triggering event is a tangible or intangible barrier or occurrence which, once breached or met, causes another event to occur. Triggering events include job loss, retirement, or death, and are typical for many types of contracts.

What is a payment trigger?

Payment Trigger means the occurrence of a Change in Control during the term of this Agreement coincident with or followed at any time before the end of the 12th month immediately following the month in which the Change in Control occurred, by the termination of the Executive's employment with the Corporation or a ...

Is assumable mortgage a triggering term?

In mortgage advertising, triggering terms influence consumer decisions by indicating specific financing details. The term 'Assumable Mortgage' does not provide specific conditions like the others do. Hence, it is not considered a triggering term compared to the others in the list.

Can realtors quote interest rates?

SAFE Act and state licensing laws – it's illegal to quote rates and fees and take an application (including the qualifying piece) unless you are a licensed loan originator. The licensing rules also prohibit anyone that is not licensed as a mortgage broker or lender from "advertising" mortgage loans.

What is an example of a trigger term?

Examples of Triggering Terms

The amount of a down payment expressed as a percentage or a dollar amount (example: "5% down" or "80% financing") The amount of any payment expressed as a percentage or a dollar amount (example: "$15 per month" or "monthly payments of under $100")

What is a sale trigger?

Sales triggers are specific events or changes within a company that create a timely opportunity for a sales rep to approach them with relevant products or services. Examples include new funding, product launches, mergers and acquisitions, leadership changes, and expansions into new markets.

What is a contingency trigger?

Elements of a contingency plan

Trigger: This is the event or circumstance that triggers the need for you to use your contingency plan. This may be a specific action, such as losing access to a supplier or a general condition, such as data analysis revealing that a plan isn't meeting performance targets.

What is trigger with example?

A trigger is a stored procedure in a database that automatically invokes whenever a special event in the database occurs. For example, a trigger can be invoked when a row is inserted into a specified table or when specific table columns are updated.

What are the three types of triggers?

Types of Triggers and responses to them
  • External triggers: Think senses - sounds, sights, smells, textures that elicit responses based on past experiences. ...
  • Internal triggers: Strong feelings that arise based on past experiences. ...
  • Trauma triggers: Strong feelings that arise based on past trauma.

Which are 3 basic parts of a trigger?

A trigger has three basic parts:
  • A triggering event or statement.
  • A trigger restriction.
  • A trigger action.

What is triggering in real estate?

Definition and Examples of Triggering Terms

The amount or percentage of any down payment: For example, “20% down” or “70% financing.” The number of payments: For example, “monthly payments of less than $100,” “pay just 15% each month,” or “$12 per month.”

What is a trigger in a contract?

A trigger event is a particular situation that prompts a chain of events relating to a loan or contractual agreement to pay money in exchange for equity. Trigger event clauses are common in convertible notes, SAFEs and loan documentation.

What are triggering factors examples?

Trigger factors may be internal, such as snoring or excessive limb movements, or external, such as noise or being touched. Keep a diary of what you spend when, and look for trigger factors, such as how you were feeling. Some consider emotional stress to be the main triggering factor.

What is the real meaning of trigger?

trigger noun (START)

something that causes someone to feel upset and frightened because they are made to remember something bad that has happened in the past: A trigger is something that sets off a flashback, transporting the person back to the traumatic event.

How to identify triggers?

How Do You Identify Psychological Triggers?
  1. Identify Your Responses: Pay attention to your emotional and physical reactions when you feel overwhelmed. ...
  2. Retrace Your Steps: Reflect on what led to these emotions. ...
  3. Repeat the Cycle: Understanding triggers can be complex and may require multiple attempts.

What is a trigger in layman's terms?

Someone's triggers are things that can cause them to have an extreme reaction of fear, upset, or anger, especially because they remember a traumatic experience. You need to understand what your triggers are, for example loud noises.