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Friday, April 24, 2020 | History

2 edition of Glossary of real estate words and terms found in the catalog.

Glossary of real estate words and terms

Joseph W. Buckley

Glossary of real estate words and terms

  • 357 Want to read
  • 38 Currently reading

Published by New England Print. Co. in [Springfield, Mass.? .
Written in English

    Subjects:
  • Real estate business -- Dictionaries.

  • Edition Notes

    Statementby Joseph W. Buckley.
    Classifications
    LC ClassificationsHD1375 .B85
    The Physical Object
    Pagination65 p.
    Number of Pages65
    ID Numbers
    Open LibraryOL5532882M
    LC Control Number67008938


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Glossary of real estate words and terms by Joseph W. Buckley Download PDF EPUB FB2

The Ultimate Real Estate Glossary: real estate terms that every salesperson should know If you want to become a realtor, than these real estate terms are for you.

Use this dictionary as a study guide for the real estate agent exam. This real estate glossary is one of the most extensive in the industry and is used by many real estate brokers, real estate schools and instructors across the country. While great care and research was undertaken to provide accurate explanations and definitions for the thousands of real estate terms and words, one dictionary cannot be %.

The Glossary of Real Estate Industry Terms is a publication Glossary of real estate words and terms book the National Association of Hispanic Glossary of real estate words and terms book Estate Professionals®. In a recent NAHREP survey, top producing Latino agents and loan officers indicated that 40 percent of their transactions make use of Spanish at some point in the transaction and as much as 25 percent of all transactions utilize Spanish.

There is a lot of real estate terminology used during the home buying and selling process and CENTURY 21® is here to help you understand those terms. We have created a glossary of the most commonly used real estate terms and their definitions in order to help you better understand terminology used along your home buying or selling process.

Backup Contract - a contract to buy real estate that becomes effective if a prior contract fails to be consummated. Balance - see Principal Balance. Balloon Loan - a loan that has level monthly payments that will amortize it over a stated term (e.g., 30 years) but that requires a lump sum payment of the entire principal balance at the end of a shorter term (e.g., 10 years).

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It’sFile Size: 2MB. The Real Deal’s real estate glossary is your ultimate guide to the commonly used jargon, terms, and words that every real estate professional should know.

So grab your favorite drink and start. The world of real estate comes with its own special jargon. That’s why we put together a glossary of real estate terms for investors to use as a resource throughout the property-buying process. Looking for a term not defined here.

Submit the term you wish to see in the Glossary here. The IRS code's Section makes it possible for a real. according 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 performed, usually based on a percentage of the price of the items sold (such as the fee a real estate agent earns on the sale of a house). Commitment Letter: A binding of.

Need to know real estate jargon. This quick-reference guide can help. Barron’s Dictionary of Real Estate Terms includes more than 3, terms and definitions to help you feel comfortable using modern real estate language. This guide is a quick reference for home buyers and sellers, real estate professionals, business students, investors, or by: Glossary of Real Estate Terms A type of blended mortgage loan which avoids private mortgage insurance (PMI).

It consists of an 80% - 30 year first lien at market rates, a 10% - 15 year second lien at a slightly higher interest rate, and a 10% down payment. Instead of having to come up with a 20% down payment, a buyerFile Size: KB. Adjustable Rate Mortgage (ARM) Administrative Agency.

Administrative Discipline. Administrative Review. Adverse Possession. Affirmative Action. After Tax Cash Flow.

Age of Majority. Agency Coupled with an Interest. Agency Disclosure Form. Agency Disclosure Statement. Agency Relationship. Alienation Clause. Allodial System. Alteration Agreement. In real estate, a term used meaning a person the agent is NOT under contract with is called a CUSTOMER. To that party, you only owe honesty and fairness.

A written instrument that, when executed and delivered, conveys title to an interest in real estate is a DEED. A written instrument that, when executed, passes title to personal.

The Glossary of Real Estate Management Terms contains definitions for more than 2, words and phrases. Its focus is on the language of real estate management and the terminology that real estate managers use or are likely to encounter in their dealings with owner-clients, tenants/residents, and on-site employees they supervise/5(3).

Immobilien: real estate – The term real estate comes from the Latin phrase ‘immobilis’, meaning ‘motionless’. For legal and economic purposes, properties and buildings are also referred to as an ‘immoveable asset’. To describe a property, the real estate industry also uses the German word for ‘immovable’ – Liegenschaft.

Commercial Real Estate Glossary of provided by Educate yourself on common terms used in commercial real estate transactions, leasing, sales and finance. Commercial real estate Any multifamily residential, office, industrial, or retail property that can be bought or sold in a real estate market.

Common area For lease purposes, the areas of a building (and its site) that are available for the non-exclusive use of all its tenants, such as lobbies, corridors, and parking lots. (Real EstateFile Size: KB. Glossary of Estate Planning Terms A-B Trusts: The two “sub-trusts” created when a person dies, one of which – the “A” Trust – will be maintained for the benefit of the surviving spouse – and the other of which – the “B” Trust – will contain assets of a value equal to the deceased spouse’s remaining estate tax exclusion.

A document used in real estate loans when the mortgaged property is subject to a land contract or article of agreement under which it is being sold over time to a third party. If the borrower defaults, the assignment of the land contract gives the lender the right to receive payments from the buyer and to transfer the land contract to another.

GLOSSARY-OF-REAL-ESTATE-MANAGEMENT-TERMS Download Glossary-of-real-estate-management-terms ebook PDF or Read Online books in PDF, EPUB, and Mobi Format.

Click Download or Read Online button to GLOSSARY-OF-REAL-ESTATE-MANAGEMENT-TERMS book pdf for free now. This is a list of British words not widely used in the United Canada, New Zealand, India, South Africa, and Australia, some of the British terms listed are used, although another usage is often preferred.

Words with specific British English meanings that have different meanings in American and/or additional meanings common to both languages (e.g.

pants, cot) are to be. If you aren't familiar with real estate terminology, the words and phrases being thrown about can get pretty confusing.

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3/2 Option® - Opción 3/2 Acceleration clause - Cláusula que permite la cancelación anticipada Accountant - Contador Adjustable-rate mortgage (ARM) - Hipoteca con tasa de interés ajustable (ARM, siglas en inglés) Adjustment interval - Intervalo de ajuste Affidavit - Declaración jurada Affordable housing - Viviendas a precios razonables Agreement - Acuerdo Agreement of sale.

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PAGE 1 A ABANDONMENT Failure to occupy and use property; may result in loss of Size: 2MB. The Glossary of Real Estate Management Terms contains definitions for more than 2, words and phrases.

Its focus is on the language of real estate management and the terminology that real estate managers use or are likely to encounter in their dealings with owner-clients, tenants/residents, and on-site employees they supervise.

Real Estate Exam Glossary Terms. STUDY. Flashcards. Learn. Write. Spell. Test. PLAY. Match. Gravity. Created by. robinkint. Terms taken from the glossary of the PSI Test Manual. Terms in this set (65) Abandonment.

Voluntary and permanent cessation of use or enjoyment with no intention to resume or reclaim one's possession or interest.

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Kris Krohn is here to explain some of the real estate terminology that you're maybe wondering about like, equity or land lord or mortgage and a few other things.

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We think we have included all the most important Spanish terms related to house-buying and their English equivalent. This Spanish-English glossary is our attempt to make buying or selling property in Spain a little bit. The Encyclopedia of Real Estate Terms is the most COMPREHENSIVE book on real estate terminology.

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Real estate Land and anything permanently affixed to it, including buildings, fences and other items attached to the structure. Real estate agent A real estate agent has a state license to represent a buyer or a seller in a real estate transaction in exchange for a commission.

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A portion of the down payment delivered to the seller or an escrow agency by the purchaser of real estate with a purchase offer as evidence of good faith.

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Principal – The property (such as money, stock, and real estate) contributed to or otherwise acquired by a trust to generate income and to be used for the.