List of real estate terminology
WebReal estate: A portion of land that may or may not have attached permanent structures, such as buildings. Real Estate Agent: A qualified agent who leases and sells real estate properties. Real Estate Cycle: A process reflecting the cycles of real estate market, including the recovery, expansion, hyper supply, and recession. WebAs a jumping off point, we’ve compiled 50 of the most common terms used in real estate and defined them for you. Real estate terms: A through E; F through J; K through O; P through T; U through Z; Note: Letters of the alphabet without a relevant term are not …
List of real estate terminology
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Web25 okt. 2024 · Most real estate agents must work for a realtor or broker with additional training and certification. Real estate owned. Real estate owned (REO) refers to property … Web8 nov. 2024 · The Ultimate Real Estate Vocabulary: All the Terms You Want to Know. November 8th, 2024 / Author: Zachariah Peterson. Essential Guides. Real estate is an industry full of mind-boggling jargon with its galaxy of unique terminology, abbreviations, and acronyms that can pour even more confusion fuel on the fire of an already complex …
WebReal Estate Vocabulary List: Adjustable Rate Mortgage – a loan product with a mortgage rate that adjusts annually up or down depending on the market instead of remaining fixed or locked in like a fixed rate mortgage. Agent – A real estate agent is a person who works for a seller, buyer, or both during a real estate transaction. Web17 okt. 2024 · Real-estate owned (REO) Real-estate owned is a designation given to properties which are owned by a lender due to an unsuccessful foreclosure sale at …
WebLoan to Value (LTV) – A ratio used to measure the loan amount relative to the value of a property. Offer – An initial purchase price the buyer offers to a seller. This real estate term is on your exam. Proof of funds – An official statement used to verify the buyer has sufficient funds to proceed with a purchase offer. WebNo terms listed. L. Lease – a contract granting use or occupation of property during a specified time for a specified payment. Leasehold estate - an interest in real estate …
WebReal Estate Contract. Also known as a purchase agreement, a real estate contract is a document drafted between parties addressing the sale of real estate. In the purchase …
Web16 nov. 2024 · Counselor or Real Estate (CRE) The Counselors of Real Estate (CRE) is an international association of real estate professionals who provide advisory services to clients on real property and land-related matters. Certified Residential Specialist (CRS) how do you spell 47 in wordsWebWelcome to the A.CRE Glossary of Commercial Real Estate Terms. This is a continuously growing list of commercial real estate terms and definitions. Don’t see the term you’re looking for? Contact us. Click here to … how do you spell 4Web6 jul. 2024 · Real estate is a form of real property. It differs from personal property, which is not permanently attached to the land, such as vehicles, boats, jewelry, furniture, and … how do you spell 4 in wordWeb6 jul. 2024 · Real estate is property comprised of land and the buildings on it, as well as the natural resources of the land, including uncultivated flora and fauna, farmed crops and livestock, water and ... how do you spell 49ersWeb20 feb. 2024 · It could be looked at as a course in real estate terms 1o1. Financial Real Estate Terminology Fixed-Rate Mortgage A fixed-rate mortgage is a loan whereby the mortgage interest rate charged by the lender does not change. Your mortgage payments will stay the same throughout the life of the loan. how do you spell 4thWebaccording to the terms of the loan agree-ment. In the case of a mortgage, the collateral would be the house and real property. Commission: The fee charged for ser-vices … how do you spell 44 in spanishWeb9 aug. 2024 · ROI is one of the top real estate definitions for investors to know. Determining ROI on cash transactions is pretty straightforward. Calculating ROI on financed transactions is a bit more complicated. For example, you buy a rental property for $100,000 and put 20% of the purchase price down or $20,000. how do you spell 4th in words