Terms & Conditions
These terms govern your access to the Terms Real Estate platform, real estate intake services, client portal, investor Vault, educational tools, and transaction routing.
1. Operating Entity & Platform Scope
Terms Real Estate (“TRE,” “we,” “our,” or “us”) operates real estate advisory, direct property acquisition, underwriting software, and transaction facilitation across Michigan. Licensed real estate agent activities are conducted by Joshua Anthony Ransom (Michigan License #6501462033), affiliated with Mid-Mitten Realty.
These Terms & Conditions govern all visitors, registered members, buyers, sellers, and investors accessing termsrealestate.com and associated subdomains, tools, and services.
2. Acceptance of Terms
By accessing, browsing, submitting forms, or establishing an account on this platform, you affirm that you are at least 18 years of age and legally competent to enter into binding contracts, and that you agree to be bound by these Terms. If you do not agree, you must cease using the platform immediately.
3. Terms Real Estate Business Capacities & Representation Disclosures
To ensure absolute transparency and compliance with Michigan real estate licensing statutes (MCL 339.2517), users acknowledge that Terms Real Estate operates under two distinct legal capacities:
Licensed Real Estate Brokerage Agency
When Terms Real Estate represents a property seller or buyer on the open market, we act in our capacity as licensed real estate professionals affiliated with Mid-Mitten Realty.
A fiduciary agency relationship is established only upon mutual execution of a formal written Listing Agreement or Buyer Broker Agreement compliant with Michigan law. Mere submission of an inquiry on this website does not constitute agency representation.
Direct Principal Real Estate Investor
When Terms Real Estate or its affiliated investment entities evaluate a property to purchase directly (via cash, seller financing, Subject-To, or lease-purchase), TRE acts strictly as a principal buyer.
In direct principal acquisitions, we represent ourselves as the purchaser. We do not act as the seller's real estate agent, we charge zero real estate commission to the seller, and all offers are submitted principal-to-principal.
4. Mortgage Education vs. Third-Party Lender Underwriting
Terms Real Estate is a real estate advisory and investment company. Terms Real Estate is not a mortgage lender, mortgage broker, bank, or loan underwriting institution.
5. Design-Build Information & Concept Estimates
Content describing Design-Build pathways, custom home architectural concepts, and renovation budget tiers is informational. Preliminary construction budgets and timeline estimates are conceptual and subject to site engineering, municipal permitting, architectural review, and executed general contractor agreements.
6. Deal Exchange, Community Submissions & Non-Circumvention
Users submitting real estate opportunities to our Deal Exchange or investor pipeline agree:
- They hold equitable interest, clear title authority, or explicit written agency permission to present the property.
- Proprietary underwriting formulas, deal structures, and private placement leads shared by TRE are confidential and subject to non-circumvention and non-disclosure obligations.
- Users may not duplicate, publicly distribute, or circumvent TRE regarding properties introduced through our network.
7. User Accounts & Security Responsibilities
When creating an account to access the client portal or T.E.R.M.S. Vault, you agree to provide true, accurate, and current information. You are solely responsible for maintaining the confidentiality of your credentials and for all activities occurring under your account.
8. Alfred AI Concierge Disclaimers
Alfred is an artificial intelligence concierge designed to deliver rapid educational insights, synthesize public real estate concepts, and guide users through platform tools.
- Alfred's responses do not constitute formal appraisals, structural engineering reports, mortgage approvals, or legal advice.
- AI-generated calculations are estimates based on user-provided inputs and must be independently verified prior to signing binding transaction documents.
9. T.E.R.M.S. Vault Calculations & Underwriting Tools
The T.E.R.M.S. Vault (including MAO calculators, SubTo yield calculators, and Deal Desk analyzers) provides computational models based on mathematical formulas and user assumptions.
TRE makes no warranty regarding the profitability or investment performance of any deal analyzed through the Vault. Real estate investments involve market risk, vacancy risk, and capital requirements.
10. Contract Templates, Forms & Educational Materials
Open-source legal instruments, contract addendums, and checklists made available on our platform are provided for educational and illustrative purposes.
Real estate contract law varies by municipality and jurisdiction. Users should have all creative purchase contracts, land contracts, and Subject-To addendums reviewed by qualified Michigan real estate legal counsel prior to closing.
11. User Uploads, Property Documentation & Warranties
By uploading property deeds, payoff letters, inspection photographs, or purchase contracts, you represent and warrant that you own or have lawful authority to transmit those documents, and grant TRE a limited license to analyze them for transaction feasibility.
12. Third-Party Information, Services & External Links
Our platform may contain links or routing to third-party services, including title companies, home inspectors, municipal tax databases, and mortgage lenders. TRE does not control and is not liable for the terms, fees, or practices of third-party vendors.
13. Intellectual Property
All software, design elements, proprietary calculators, the T.E.R.M.S. horological command interface, text, graphics, and trade dress on this website are the intellectual property of Terms Real Estate or its licensors. Reproduction without written consent is strictly prohibited.
14. Acceptable Use & Prohibited Conduct
Users agree not to:
- Deploy automated scrapers, crawlers, or bots to harvest property data or platform content.
- Attempt to reverse-engineer, decompile, or breach security controls on the Vault or API endpoints.
- Submit false, deceptive, or fraudulent property listings or mortgage information.
- Interfere with platform operations or overburden server infrastructure.
15. Platform Availability & Modifications
We strive to maintain continuous platform uptime but provide the site on an “as is” and “as available” basis. We reserve the right to modify, suspend, or discontinue any feature, calculator, or tool without prior liability.
16. Disclaimers of Warranties
TO THE MAXIMUM EXTENT PERMITTED BY LAW, TERMS REAL ESTATE DISCLAIMS ALL WARRANTIES, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT.
17. Limitation of Liability
IN NO EVENT SHALL TERMS REAL ESTATE, EXP REALTY LLC, JOSHUA NORBER, OR THEIR OFFICERS BE LIABLE FOR ANY INDIRECT, INCIDENTAL, CONSEQUENTIAL, SPECIAL, OR PUNITIVE DAMAGES ARISING FROM PLATFORM USE, CALCULATION RELIANCE, OR TRANSACTION OUTCOMES, EVEN IF ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.
18. Suspension & Termination
We reserve the right to suspend or terminate user accounts or access to the Vault immediately and without notice in the event of suspected fraud, breach of these Terms, or unauthorized commercial resale.
19. Michigan Governing Law & Exclusive Jurisdiction
These Terms & Conditions are governed by and construed in accordance with the laws of the State of Michigan, without regard to conflict-of-law principles. Any legal suit, action, or proceeding arising out of or related to these Terms shall be instituted exclusively in the 7th Judicial Circuit Court of Genesee County, Michigan or the United States District Court for the Eastern District of Michigan.
20. Legal Inquiries & Brokerage Contact
For questions regarding these Terms, brokerage licensing, or legal compliance, contact: