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GUIDE TO REAL ESTATE TERMINOLOGY
The following real estate terminology's are defined so that you can better understand some
of the terms used in the real estate industry.
It is quite lengthy, therefore in order to save you valuable time click on the group of words below to find which term you are interested in viewing.
Abstract of Title - Abstractor (conveyancer) - Accelerated depreciation - Acceleration clause - Acceleration principle - Accession - Accord -Accretion -
Acknowledgement - Acre - Actual cash value - Actual notice - Adjustable rate mortgage - Adjusted market place - Adjusted sales price - Administrator - Ad valorem taxes - Adverse possession -
Agency -
Agency by estoppel - Agency by ratification - Agency coupled with an interest - Agent - Agreement of sale, installment contract - Air Lot - Air right -
Alienation Clause - Alienation of title - Allodial system - All-risks policy - Alluvion - Amortized loan - Amount realized - Annual percentage rate (APR) - Apartment locators - Appraisal -
Appreciation - Appropriation process - "As is" - Assessed value - Assessment appeal board - Assessment roll - Assessor's parcel number - Assign - Assignee - Assignment
Assignment of rents clause - Association - Assume the loan - Attorney-in-fact - Automatic renewal clause - Avulsion - Balloon loan - Balloon payment - Bargain
and sale deed - Bargain brokers - Base industry - Base line - Basis - Bench mark - Beneficial interest - Beneficiary - Bequest - Bilateral contract - Bill of sale - Binder - Blanket mortgage -
Blended-rate loan - Blind Pool - Blockbusting - Blue-sky laws - Board of equalization - Borrower's points - Breach of contract - Broad-form - Broad market - Broker - Budget mortgage - Building
codes - Building societies - Buy-down - Buyer's market - Bylaws - Canons - Capital gain - Capitalize - Cash flow - Cash-on-cash - Caveat emptor - CC&Rs - Certificate of eligibility -
Certificate of occupancy
Certificate of reasonable value - Certificate of reduction - Certificate of title - Cession deed - Chain - Chain of title - Characteristics of land -
Characteristics of value - Chattel - Chattel mortgage - Closing - Closing statement - Cloud on the title - Codicil - Color of title - Commingling - Common elements - Community property -
Compatibles - Competent parties - Competitive market analysis - Complainant - Condemnation proceeding - Condominium - Connection line - Consequential damages - Consideration - Construction loan -
Constructive notice - Contour lines - Contour map - Contract - Contract for deed - Contract rent - Contractual intent - Conventional loans - Conveyance tax - Cooperative - Corporation -
Correction deed - Correction lines - Correlation process - Cost approach - Cost-push inflation - Counteroffer
Covenant - Covenant against encumbrances - Covenant of further assurance - Covenant of quiet enjoyment - Covenant of seizin - Curtesy - Datum - Dedication - Deed
- Deed as security - Deed of trust - Deed restrictions - Default - Defeasance clause - Deficiency judgement - Delayed exchange - Delinquent loan - Demand-pull inflation - Deposit receipt -
Depreciation - Dereliction - Devise - Devisee - Disaffirms - Discount broker - Discount points - Discrimination - Disintermediation - Distributees - Doctrine of prior appropriation - Documentary
tax - Dominant estate - Double declining balance - Dower - Dry closing - Dry rot - Dual agency (divided agency) - Due-on-sale - Duress - Earnest money deposit - Easement - Easement appurtenant -
Easement by necessity - Easement by prescription - Easement in gross - Economic base
Economic rent - Effective yield - Emblements - Eminent domain - Employment contract - Employment Ratio - Enabling declaration (master deed) - Encroachment -
Encumbrance - Environmental impact statement - Equal Credit Opportunity Act 275 - Equity - Equity build-up - Equity mortgage - Escalator clause - Escheat - Escrow agent - Escrow closing - Escrow
company - Estate - Estate at will - Estate for years - Estate in servility - Estoppel certificate - Exclusion - Exclusive agency listing - Exclusive authority to sell - Exclusive right to sell -
Executor - Executor's deed - Expressed contract - Face amount - Faithful performance - Fannie Mae - Federal Deposit Insurance Corporation - Federal Home Loan Bank Board - Federal Home Loan
Mortgage Corporation - Federal Savings and Loan Insurance Corporation - Fee Simple - Fee simple determinable - Fee simple subject to condition subsequent - Fee simple upon condition precedent -
Feudal system - Fiat money - Fictitious business name
Fiduciary - Financial liability - Financing statement - first mortgage - Fixity - fixture - Flat-fee broker - Forbear - Foreclose - Foreclosure - Form appraisal
- formal will - Four unities of a joint tenancy - Fraud - Freddie Mac - Freehold estate - Front foot - Fructus industriales - Fructus naturales - Functional obsolescence - Fungible - Furlong -
Gain on the sale - General agency - General partnership - General plan - Gift deed - Ginnie Mae - Government National Mortgage Association - Government survey - Graduated payment mortgage - Grant
- Grant deed - Grantee - Grantor - Grantor-Grantee indexes - GRI (Graduate, Realtor Institute) - Gross rent multiplier (GRM) - Ground lease - Ground rent - Groundwater level - Guardian's
deed - Guide meridians - Habendum clause - Hearing and confirmation
Heirs - Highest and best use - Holdover tenant - Holographic will - Homeowners and tenants - Homeownership - Home-refinance program - Home-seller program -
Homestead Act - Homestead protection - Horizontal Property Act - HUD - Hundred percent commission - Hypothecate - Illiquid asset - Illiquidity - Implied authority - Implied contract - Impound or
Reserve account - Improvement district - Improvements - Inchoate - Income approach - Indenture - Independent contractor - Indicate value - Inflation guard - Informal reference - innocent
misrepresentation - Inquiry notice - Installment contract - Installment sale - Insurable interest - Insurance premium - Interim loan - Intermediate theory - Inter vivos trust - Intestate -
Intestate succession - Inverse condemnation - Investment strategy - Iron pipe - Joint tenancy - Joint venture
Jointly and severally liable - Judgment lien - Junior mortgage - Land patent - Land trust - Land-use control - Latitude lines - Lawful objective - Lease -
Leasehold estate - Legacy - Legal notice - Legatee - Lessee - Lessor - Letter of intent - Liber - License - Lien - Lien theory - Life estate - Life tenant - Lifetime exclusion - Limited common
elements - Limited partner - Limited partnership - Liquid asset - Liquidated damages - Lis pendens - Listing agreement - Littoral right - Loan escrow - Loan points - Loan progress chart - Loan
servicing - Loan-to-value ratio - Long cycles - Longitude lines - Loose money - Loyalty to principal - Maggie Mae - MAI - Maintenance fees - Majority - Maker - Market approach
Market value - Marketable title - Marketable title acts - Master deed - Master plan - Maturity - Mechanic's lien - Meeting of the minds, mutual agreement -
Menance - Meridians - Metes and bounds - MGIC - Middleman - Mile - Mill rate - Minor, infant - Mistake - Modification - Monetary inflation - Money damages - Money market certificates - Monument -
Mortgage - Mortgage banker - Mortgage broker - Mortgage company - Mortgage-equity technique - Mortgage Guaranty Investment Corporation - Mortgage pool - Mortgagee - Mortgage's policy - Mortgagor
- Mortgagor-Mortgagee indexes - Multiple listing service - Municipal bond programs - Mutual agreement, mutual consent - Mutual rescission - Naked title - Narrative appraisal - National
Association of Realtors - Negative amortization - Net listing - Net operating income (NOI) - Net spendable - New for old - Non-assumption clause - Nonconforming use - Nonconforming loan
Noncupative will - Nonfungible - Nonhomogeneity - Nonrecording provision - Notary public - Note - Notice of consent - Notice of lis pendens - Novation - Obligee
- Obligor - Offeree - Offeror - Off-site management - On-site management - Old for old - Open listing - Operating expense ratio - Operating of title - Option - Oral appraisal report - Origination
fee - Ostensible authority - Overall rate - Overencumbered property - Owner's association - Owner's policy - Package mortgage - Parol evidence rule - Partial release - Partially amortized loan -
Participation certificate - Participation loan - Partition - Partnership - Party (plural, parties) - Party wall - Percolating water - Perils - Periodic estate - Perjury - Personal property -
Personalty - Pictorial summary - PITI payment - Planned Unit Development
Plat - Plottage value - Point - Point of beginning or point of commencement - Police power - Positive cash flow - Possession date - Power of attorney - Power of
sale - Prepayment penalty - Prescriptive easement - Principal - Principal - Principal broker - Principal meridian - Principles of value - Probate court - Procuring cause - Pro forma statement -
Promissory note - Property insurance - Proprietary lease - Prorating - Prospectus - Public grant - Public liability - Public recorder's office - Public trustee - Puffing - Pur autre vie -
Purchase money mortgage - Purchaser's closing statement - Qualified fee estate - Quarter section - Quiet enjoyment - Quite title suit - Quitclaim deed - Range - Ready, willing and able buyer -
Real chattel - Real-cost inflation - Real Estate - Real estate commission - Real estate commissioner
Real estate department - Real estate investment trust (REIT) - Real Estate Settlement Procedures Act - Real property - Real savings - Realtist - Realtor -
Realtor-Associate - Realty - Reasonable care - Recapture - Reciprocity - Reconciliation - Reconveyance - Recorded plat - Recorded survey - Recording acts - Recovery fund - Rectangular survey
system - Redlining - Regulation Z - Reissue rates - Release deed - Release of mortgage - Reliction (dereliction) - Remainder interest - Remainderman - Remise - Renegotiable rate mortgage - Rent
Control - Replacement cost - Reproduction cost - Reserve account a (impound account) - Reserves for replacement - RESPA - Restrictive convenants - Reverse mortgage - Reversionary interest - Rider
- Right of survivorship - Riparian right - Rod - RM - Sale and leaseback
Sale by advertisement - Salesman or Salesperson - Salvage value - Sandwich lease - Satisfaction of mortgage - Scheduled gross (projected gross) - Seal - Second
mortgage - Section - Section 203 (b) - Seller's affidavit of title - Seller's closing statement - Seller's market - Seller's points - Senior mortgage - Separated property - Separate property -
Service industry - Service points - Servient estate - Settlement - Settlement meeting - Severalty ownership - Servance damages - Shared appreciation mortgage - Sheriff's deed - Short cycles -
Situs - Sole ownership - Special agency - Special assessments - Special warranty deed - Specific performance - Square-foot method - SRA - SREA - SRPA - Standard parallel - Statue of Frauds -
Statute of limitations - Statutory estates - Statutory redemption - Steering - Step-up rental - Straight-line depreciation
Street numbers -Strict foreclosure - Subject property - Sublease - Subleassee - Subleassor - Subordinaton - Subsurface right - Sum-of-the-year' digits - Sunk
cost - Surface rights - Surplus rights - Surplus money action - Surrogate court - Syndication (syndicate) - Tacking - Take-out loan - "Taking back paper" - Taking of property - Tandem
plan - Tax basis - Tax certificate - Tax deed - Tax lien - Tax shelter - Tenancy at sufferance - Tenancy by entirety - Tenant - Tenants in common - Term loan - Testamentary trust - Testate -
Testator - Testimony clause - Thin market - Third parties - Tight money - Time deposit - "Time is of the essence" - Time-sharing - Title - Title by descent - Title by prescription -
Title closing - Title cloud - Title insurance - Title plant
Title report - Title search - Title theory - Torrens system - Townhouse - Townships - Tract index - Trade fixture - Transferable development right (TDR) - Trust
deed (deed of trust) - Trustee - Trustor - Undivided interest - Undue influence - Unilateral contract - Unilateral rescission - Unity of interest - Unity of person - Unity of possession - Unit of
time - Unity
of title - Universal agency - U.S. Public Lands Survey - Usury - Valid contract - Valuable consideration - Variable rate mortgage - Variance - Vassals - Vendee -
Vendor - Vested - Void contract - Voidable contract - Warranty - Warranty deed - Warranty forever - Waste - Water right - Water table - Whole loan program - Words of conveyance - Wraparound
mortgage - Writ of execution - Zoning
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