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Real Estate Glossary

We understand real estate can be complex, so we compiled every possible real estate term into this Ultimate Real Estate Dictionary.

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A
Absentee Owner
Abutting
Associate Broker
Agency Disclosure Addendum
Agency Confirmation Statement
Agency
Agency Agreement
Advance Fees
Attornment
Application Fee
Actual Eviction
Automatic Extension Clause
Area Management Broker (AMB)
Accredited Resident Manager (ARM)
Accredited Management Organization (AMO)
Association Fees
Asset Management
Accommodator
Auction
Asset Class
Accelerated Cost Recovery System (ACRS)
Adjusted Cost Basis
Accelerated Depreciation
Assemblage
Anticipated Value
Annuity Capitalization
Americans With Disabilities Act (ADA)
American Land Title Association (ALTA)
Avulsion
Appropriation of Water
Antideficiency Legislation
Annexation
Attractive Nuisance
Attorney's Opinion of Title
Attorney in Fact
Association Agreement
Appurtenant Right
Appurtenant Intangible
Appurtenant
Appurtenance
Annexer
ALTA Policy
Allodial System
Air Lot
Adjoining Property
Access Right
Abstract of Title
Abstract of Judgment
Ameliorating Waste
Alluvion
Allodial Tenure
Alienation
Agency Coupled With an Interest
After-Acquired Title
Adverse Possession
Actual Notice
Actual Annexation
Accretion
Accession
Assign
Abandonment
Appropriative Rights
Antitrust Laws
Anti-Discrimination Violations
Anti-Deficiency Rules
Air Rights
Administrative Agency
American Institute of Architects (AIA)
Assignor
Assignment of Mortgage
Assignment
Assignee
As-Is Clause
Arm’s Length Transaction
Appraisal Contingency
Alienation Clause
Affidavit of Title
Adverse Interest
Advance Fee Agreements
Acknowledgment
Actual Authority
Amendment
Attorney Fees
Anticipatory Repudiation
Arbitration
Attachment Lien
Action for Specific Performance
Alternative Dispute Resolution (ADR)
Actual Fraud
Abatement of Nuisance
As of Right Zoning
Application
Area Variance
Asking Price
Acquisition
Ascending Bid
Amenity Purchaser
Absolute Auction
Attached House
Apartment
Accessory Dwelling Unit (ADU)
Asbestos Encapsulation
Anchor Tenant
Anchor Store
Area Total
Acre
Appraisal by Sale Comparison Approach
Abstraction Method
Appreciation
Appraised Value
Appraisal Walk Score
Appraisal Certification
Accrued Depreciation
Above Grade Finished
Appraisal
Appraiser
Amenity
Appraisal by Income Capitalization Approach
Adjustments
Appraisal by Cost Approach
Assessed Value
Assessor's Parcel Number (APN)
Assessment Roll
Assessment Bond
Ad Valorem Tax
Accrued Expense
Assessor
Assessment of Real Property
Adjustment Interval
Automated Underwriting
Annual Percentage Rate (APR)
Appraisal Gap Coverage
Annual Debt Service
Assumption of Mortgage
Assumption Fee
Assumption Agreement
Assumable Mortgage
Appraisal Management Company (AMC)
Amortized Mortgage
All-Inclusive Deed of Trust
Advance
Advance Commitment
Adjustable Rate Mortgage (ARM)
Additional Principal Payment
Acceleration Clause
Amortization
Accrue
Arrears
Alternative Mortgage Instruments
Adjustment Period
Assignment of Rent Clause
Assignment of a Deed of Trust
B
Bilateral Contract
Basis Points (BPS)
BOMI
Brokerage
Buyer’s Broker
Buyer’s Agent
Broker-Salesperson Relationship Agreement
Blind Advertisement
Blend and Extend
Base Rent
Boot
Basis
Balance Sheet
Bundle of Rights
Blockbusting
Book of Abstracts
Bona Fide Purchaser (BFP)
Baseline
Bargain and Sale Deed
Bad Title
Bylaws
Base and Meridian
Binding
Binder
Broker Protection Clause
Breach of Contract
Bill of Sale
Bilateral Executory Contract
Bump Clause
Buyer Agency Agreement
Bankruptcy
Building Related Illness
Building Permit
Building Line
Buffer Zone
Brownfield
Block and Tract Recorded Plat
Blighted Area
Building Department
Building Code
Buyer’s Premium
Buyer's Market
Buyer’s Choice Auction
Buyer
Blind Offer
Bilateral Escrow Instructions
Bait and Switch
Backup Offer
BOMA
Business Park
Build-to-Suit
Building Residual Technique
Breakdown Method
Bracketing
Betterment
Broker Price Opinion (BPO)
Base Costs
Book Value
Base Value
Budget Mortgage
Bridge Loan
Bond
Blanket Mortgage Loan
Blanket Deed of Trust
Biweekly Payment Mortgage
Band of Investment
Balloon Mortgage Payment
Balloon Mortgage
Back End Ratio
C
Code of Ethics
Confidentiality
Compensation
Commingling
Cold Calling
Commission
Client
Customer
Cooperating Agent
Commission Split
Cease and Desist Zone
Cooperative Sale
Co-Tenancy
Commercial Tenant
Constructive Eviction
Contract Rent
Commercial Lease
Community Associations Institute (CAI)
Cosmetic Maintenance
Corrective Maintenance
Collectible Income
Certified Property Manager (CPM)
Commission Association Manager
Competitive Bids
Concierge Services
Creative Financing
Cash Flow
Capital Appreciation
Capitalization Rate
Capital Improvement
Capital Asset
Contemporaneous Offers
Cash-on-Cash Return
Capital Expenditure
Constructive Receipt
Capital Gain Recognition
Cost Recovery Deduction
Capital Loss
Capital Gain
Correlation
Costing Service
Competitive Set
Capitalized Income Method of Depreciation
Comparative Income and Expense Analysis
Constructive Notice
Constructive Annexation
Condemnation
Concurrent Ownership
Color of Title
Co-Ownership
Chattel Real
Chattel
Channeling
CERCLA
Caveat Emptor
Covenant
Covenant of Seisin
Covenant of Quiet Enjoyment
Covenant Against Encumbrances
Course
Correction Deed
Corporate Cooperative
Confirmation of Sale
Condominium Declaration
Condominium Association
Conditional Estate
Completion Bond
Common Interest Subdivision
Common Interest Community (CIC)
Common Grantor
Commitment of Title
Clouded Title
Clear Title
Chain of Title
Certificate of Title
Certificate of Permanent Location
Convey
Contiguous
Curtesy Rights
Credit Reporting Agencies
Correction Lines
Corporeal Rights
Common Elements
Common Area
Covenants, Conditions, and Restrictions (CC&R)
County Records
Community Property
Common Interest Ownership
Certificate of Purchase
Contractual Capacity
Contract Rescission
Contract Acceptance
Consideration
Contract
Covenant of Further Assurance
Counter offer
Contract Rider
Contract for Exchange of Real Estate
Contract for Deed
Contract Condition
Contract Addendum
Conditional Sales Contract
Condition Subsequent
Condition Precedent
Change Orders
Contract Cancellation
Contract Conditions
Competent Parties
Contract Contingency
Culpable Negligence
Confirmation
Collusion
Constructive Fraud
Conversion
Construction Classification
Conservation
Cluster Zoning
City Planning
Conditional Use Permit
Comprehensive Plan
Certificate of Occupancy (CO)
City Block
Concession
Contemplating Auctioning Homes
Closing Date
Continuation
Concurrent Escrow
Closing
Closing Agent
Close of Escrow
Concealment
Conventional Sale
Cooperative Housing
Cul-De-Sac
Cooperative
Cooperative Apartment
Contractors
Condominium
Competitive Inventory
Common Area Maintenance (CAM)
Commercial Property
Coworking Space
Contiguous Block
Commercial Acre
Core Area
Construction Starts
Contour Lines
Comparison Approach
Comparative Unit Method
Comparative Square Foot Method
Curb Appeal
Curable Depreciation
Contribution
Conformity
Conclusion
Comparative Market Analysis (CMA)
Cost Manuals
Comparable Sale
Curbstone Appraisal
Corner Influence
County Tax Rate
Certificate of Taxes Due
County Treasurer
Cost of Funds Index (COFI)
Consumer Financial Protection Bureau (CFPB)
Community Reinvestment Act
Consummation
Credit Insurance
Credit
Combined Loan to Value (CLTV)
Collateralization
Collateral
Collateral Security
Cal-Vet Financing
Commitment Letter
Current Index
Credit Report
Credit Bid
Credit Application
Correspondent
Conversion Option
Conventional Mortgage Loan
Conventional Loan
Construction Loan
Conforming Loan
Conditional Commitment
Conditional Approval
Commitment
Commercial Bank
Co-Borrower
Changed Circumstance
Certificate of Reasonable Value (CRV)
Certificate of Eligibility (COE)
Cash-Out Refinance
Carryback Loan
Commercial Mortgage-Backed Securities (CMBS)
Cash Reserves
Consumer Credit Protection Act
Credit Score
Credit History
Credit Bureau
Compensating Factors
Cash to Close
Coinsurance Clause
Closing Costs
Closing Disclosure
D
Double Escrow
Duplex
Demising Clause
Divided Agency
Designated Agency
Dual Agent
Designated Agent
Dangling Commission
Duties of an Agent
Duties
Discretionary Powers of Agency
Dual Agency
Dispossess Proceedings
Double Net Lease
Demise
Disclosure
Development Stage
Dealer Property
Discount Rate
Developer
Depreciable Property
Direct Capitalization Method
Demand
Discounted Cash Flow (DCF)
Depreciation
Direct Costs
Demographics
Direct Capitalization Rate
Doctrine of Part Performance
Deceptive Trade Practices Act
Dedication
Discrimination
Divestment
Disparate Impact
Delivery and Acceptance
Deeded Parking
Deed Delivery
Dominant Tenement
Dominant Tenant
Discriminatory Preference
Devisor
Devisee
Determinable Fee
Defect in Title
Defeasible Fee Estate
Deed of Release
Deed of Reconveyance
Declaration of Abandonment
Declaration
Descent
Dower Rights
Discriminatory Business Practices
Deed Restriction
Devise
Deed
Deed Correction
Due on Sale Clause
Deposit Receipt
Defeasance Clause
Default
Documents
Damages
Desist and Refrain Order
Deficiency Judgment
Deed in Lieu of Foreclosure
Decree of Foreclosure
Development Phase
Directional Growth
Due Diligence
Disclosure Statement
Deficiency Statement
Disclosure Requirement
Detached Home
Design Type
Direct Vacancy Rate
Distribution Building
Direct Market Method
Depreciated Cost Method
Decline Phase
Discount
Deferred Maintenance
Days on Market (DOM)
Documentary Transfer Tax
Deduction
Documentary Stamps
Debt Service Coverage Ratio (DSCR)
Down Payment Assistance
Derogatory Credit
Debt Service
Due-on-Encumbrance Clause
Down Payment
Discharge of Mortgage
Demand Note
Deferment
Deed of Trust
Debtor
Debt to Income Ratio
Draw
Delinquency
Delinquent
Discount Tables
Discount Points
Disbursement
E
Escrow officer
Errors and Omissions (E&O)
Employing Broker
Ethics
Express Authority
Extender Clause
Express Agency
Exclusive Right to Buy
Exclusive Agency Listing
Employment Agreement
Exclusive Right to Sell
Encumbered Space
Estate From Period to Period
Emblement
Effective Rent
Eviction Notice
Eviction
Effluxion of Time
Expansion Option
Exculpatory Clause
Escalation Clause
Estate for Years
Exclusive Right to Rent
Economic Life
Excess Rent
Equity Financing
Effective Demand
Equity Capitalization Rate
Entry Cap Rate
Economic Base
Economic Oversupply
Equity Residual Technique
Equity
Effective Gross Income
Economic Rent
Equitable Right of Redemption
Extended Title Insurance Coverage
Extended Coverage
Exempt Property
Evidence of Title
Estoppel
Escheat
Equitable Title
Equal Treatment/Different Impact
Encroachment
Eminent Domain
Easement by Condemnation
Examination of Title
Estate of Inheritance
Estate
Estate for Life
Equitable Lien
Environmental Site Assessment (ESA)
Encumbrance
Easement
Easement in Gross
Easement for Light and Air
Easement by Prescription
Easement by Necessity
Easement by Implication
Easement by Express Reservation
Easement by Express Grant
Easement Appurtenant
Exception
Exceptions
Estate in Reversion
Estate in Remainder
Estate in Fee
Equity of Redemption
Enforceable Contract
Execution
Earnest Money
Executory Contract
Executed Contract
Exclusive Buyer Agency Agreement
Exclusion
Estoppel Notice
Estoppel Certificate
Escape Clause
Expired Listing
Equitable Remedy
Execution Lien
Exclusionary Zoning
Erosion
Environmental Remediation
Egress
Environmental Impact Statement (EIS)
Environmental Impact Report (EIR)
Entitlement
Escrow
Escrow Memo
Escrow Holders
Escrow Disbursement Order (EDO)
Escrow Company
Escrow Account
Escrows
Escrow Closing
Escrow Instructions
Escrow Number
Exurban
Energy Star
Enclave Community
Empty Nester
Elevation Sheet
Experience Exchange Report
Estimated Remaining Life
Effective Date of Value
Effective Date
Effective Age of Improvement
External Obsolescence
Excess Land
Elevation
Effective Age
Earned Increment
Efflorescence
Economic Obsolescence
Elements of Value
Elements of Comparison
Equal Credit Opportunity Act (ECOA)
Effective Interest Rate
Equity Participation
Equity Build-Up
Employer Assisted Housing
Extension Agreement
Escrow Analysis
Escrow Reserves
F
Fixity of Location
First Substantive Contact
Fiduciary Duty
Flat Fee
Finder's Fee
Fiduciary Relationship
Fiduciary
Floor Duty
For Let
Fixed Lease
Facility Management Administrator (FMA)
Flipping
Front Money
Future Benefits
Future Value
Feasibility Study
Fair Housing Act
Future Interest
Freehold
Fixture
Fiduciary Deed
Fee Simple Estate Subject to a Condition Subsequent
Fee Simple Estate
Fee Simple Determinable Estate
Friable
Forfeiture of Title
Fee Simple Estate Subject to a Condition Precedent
Fee Simple Defeasible
Financing Contingency
Fictitious Deed of Trust
Further Assurance
Forcible Entry
Forcible Detainer
Foreclosure
Floor Area Ratio (FAR)
Federal Emergency Management Agency (FEMA)
Flood Plain
Flood Control District
Flood Zone
For Sale by Owner (FSBO)
Frostline
Freestanding
Fixer Upper
Fitwel Certification
Fasttrack Construction
Fulfillment Center
Flex Facility
Frontage
Front Footage
Functional Utility
Functional Obsolescence
Filtering Down
Fair Market Value
Form Report
Flag Lot
Fixed Expenses
First Time Home Buyer
Fully Indexed Note Rate
Financing Process
Federal Housing Administration (FHA)
Federal National Mortgage Association (FNMA)
Federal Home Loan Mortgage Corporation (FHLMC)
Farmers Home Administration
Funding
Financing Real Estate
FHA Insurance
FHA 203(b) Loan
Funding Letter
Fully Amortized Mortgage
Front End Ratio
Forbearance Agreement
Flood Certification
Fixed Rate Mortgage
First Mortgage
First Lien Position
First Deed of Trust
Financing Statement
Financial Intermediary
Finance Charge
Federally Related Transaction
Federal Home Loan Bank (FHLB)
Future Advances
Federal Housing Finance Board
Fair Credit Reporting Act (FCRA)
Fire Insurance Requirement Form
FHA Loan
Flood Insurance
G
Gross Scheduled Income
Group License
Gratuitous Agency
Gross Monthly Income
Ground Lease
Gross Lease
Graduated Lease
General Agent
Gross Rent Multiplier (GRM)
Gross Margin
Gross Income
Gross Income Multiplier (GIM)
Geographic Information System (GIS)
Government Survey Method
Ground Rent
General Liability Insurance
Grant
Guardian’s Deed
Grantor
Granting Clause
Grantee
Grant Deed
Good Title
Gift Deed
General Warranty Deed
General Lien
Grantor/Grantee Indexes
General Plan Restrictions
Good Faith Improver
Genuine Assent
Good Faith
Grandfather Clause
General Plan
Group Home
Gated Community
General Contractor
Gross Leasable Area (GLA)
Gross Floor Area Method
Gross Living Area
Gross Debt Service
Grace Period
Guaranteed Loan
Growing-Equity Mortgage (GEM)
Graduated Payment Mortgage (GPM)
Government Sponsored Enterprise (GSE)
Government Mortgage
Gift Letter
Government National Mortgage Association (GNMA)
Good Faith Estimate (GFE)
H
High Cube
Holdover Tenant
Homeowners Association Fee
Housing and Urban Development (HUD)
Heir
Homestead Exemption
Homestead
Homeowners Endorsement
Homeowners Association (HOA)
Hereditament
Habendum Clause
Housing Financial Discrimination Act
Hold Harmless Clause
Historical District
House Closing
Home Inspection
Home Warranty
High Rise
High Street Retail
Heterogeneity
Historic Cost
Highest and Best Use
Hazard Insurance
Homeowner's Exemption
Hybrid Loan
Housing Expense Ratio
Home Purchase Loan
Home Equity Loan
Home Equity Conversion Mortgage (HECM)
Home Equity Line of Credit (HELOC)
Hard Money Loan
Hypothecate
Homeowners Insurance
I
Imputed Knowledge
Involuntary Lien
Independent Contractor
Implied Authority
Implied Agency
Imperative Necessity
In-House Transaction
Implied Warranty of Habitability
Index Lease
Industrial Lease
Institute of Real Estate Management (IREM)
Interval Ownership
Income Producing Property
Investment Property
Investment Contract
iBuyer
Installment-Sale Method
Installment Reporting
Involuntary Alienation
Inverted Condemnation Action
Ingress
Implied Dedication
Inverted Pyramid
Inter Vivos Trust
Insurable Title
Inheritable
Immobility
Incorporeal Rights
Incidents of Ownership
Interstate Land Sales Full Disclosure Act
Involuntary Conversion
Implied Warranty
Inspection Period
Interim Occupancy
Integration Clause
Inspection Clause
Indenture
Indemnity Agreement
Implied Listing
Implied Contract
Irrevocable
Indemnify
Implied by Law
Interpleader
In Rem
Informal Hearing
Incentive Zoning
Inclusions
International Council of Shopping Centers (ICSC)
Incubator Space
Industrial Park
Index Method
Income Approach to Value
Indestructibility
Insurance Value
Indicated Value
Incurable Physical Deterioration
Incurable Depreciation
Informal Appraisal
Increment
Improvements
Indebtedness
Interim Financing
Intermediate Theory State
Interest Rate
Interest Rate Index
Interest Rate Floor
Interest Rate Ceiling
Interest Rate Cap
Interest Only Loan
Insurance Clause
Institutional Lender
Installment Note
Index Mortgage
Impounds
Income Ratio
Intermediate Term Loans
Interest Rate Margin
Intent to Proceed
Initial Interest Rate
Inflation Endorsement
J
Joint Venture
Just Compensation
Joint Tenancy
Joint Protection Policy
Joinder Requirements
Judicial Partition
Judicial Foreclosure
Judicial Sale
Judgment Lien
Judgment
Junior Mortgage
Junior Lien
Junior Deed of Trust
Jumbo Loan
Joint Note
K
Kiting
Kickback
Kick-Out Clause
Key Lot
L
Lot Book Report
Lien Theory State
License
Licensee
Loyalty
Lockbox
Listing Broker
Listing Agent
Leasing Activity
Leased Space
Lessor
Lessee
Leased Fee Estate
Lease Purchase Option
Land Lease
Landlord
Leasehold Improvement
Leasehold Estate
Lease Surrender
Lease
Lease Renewal Option
Liquidity
Leverage
Liquidation Value
Lot and Block System
Law of Fixtures
Limited Equity Housing
Lien Priority
Liability Insurance
Lateral Support Land
Lien
Limited Warranty Deed
Life Tenant
Life Estate Pur Autre Vie
Lienor
Lienee
Lien Equitable
Later Date Order
Land Trust
Land Description
Landlocked
Littoral Rights
Limited Common Areas
Life Estate
Legal Description
Land Patent
Letter of Intent (LOI)
Legal Instrument
Lawful and Possible Objective
Land Contract
Listing Agreement
Liquidated Damages Clause
Lis Pendens
Listing Price
Loan Closing
Lenders Escrow Instructions
Latent Defect
Lead-Based Paint Disclosure
Life Safety and Security
Loss Factor
Load Factor
Lifestyle Center
Lot
Land Residual Technique
Limited Appraisal Report
LIBOR Index
Loan to Value (LTV)
Loan Servicing
Loan Origination
Loan Assumption
Lender Title Insurance
Lump Sum Payment
Loan Origination Fee
Loan Escalation Clause
Loan Correspondent
Loan Commitment
Loan Application
Level-Payment Mortgage
Leasehold Mortgages
Late Charge
Land and Improvement Loan
Loan Package
Loan Estimate
Loan
Loss Payable Clause
Lock-In Agreement
Loan Value
M
Mortgage Constant
Multiple Listing Service (MLS)
Ministerial Act
Market Take-Up
Market Rent
Month-to-Month Tenancy
Mobile Home Park
Master Lease
Modified Lease
Modified Gross
Minimum-Guaranteed Percentage Lease
Maximum Percentage Lease
Management Agreement
Management Plan
Management Confirmation Letter
Maintenance Fee
Management Proposal
Management Pricing Worksheet
Months of Inventory (MOI)
Market Absorption Analysis
Marginal Land
Market Trend Data
Mrs. Murphy Exemption
Marital Property
Mutual Water Company
Monument
Merger of Title
Measuring Life
Materialman's Lien
Master Deed
Marketable Title
Mineral Rights
Metes and Bounds
Meridians
Misrepresentation
Mortgage Contingency
Mediation Clause
Material Breach
Mortgage Contracts With Warrants
Meeting of The Minds
Mediation
Mortgage Fraud
Mechanic's Lien
Mesne Profits
Moratorium
Master Plan
Misplaced Improvement
Market Exposure
Material Fact
Modular Home
Model Home
Mobile Home
Mid-Rise Building
Mechanical Exhaust Systems
Master-Planned Community
Manufactured Home
Multifamily Properties
Ministorage
Multimarket Distribution Facility
Mixed-Use Development (MXD)
Mezzanine Office
Merchants
Market Extraction Method
Matched Pair Analysis
Market Value
Market Price
Market Position
Millage
Maturity Date
Minimum Payment
Mortgage Yield
Mortgage Life Insurance
Mortgage Insurance (MI)
Mortgagor
Mortgagee’s Policy
Mortgagee
Mortgage Term
Mortgage Servicer
Mortgage Modification
Mortgage Loan
Mortgage Lender
Mortgage Investment Company
Mortgage Insurance Premium (MIP)
Mortgage Information System (MIS)
Mortgage Cure
Mortgage Commitment
Mortgage Borrower
Mortgage Banker
Mortgage
Merged Credit Report
Margin of Security
Maintenance Clause
Mortgage Underwriter
Mortgage Loan Originator (MLO)
Mortgage Broker
Mortgage-Backed Securities
Mortgage Underwriting
Mortgage Processing
Mortgage Points
Mortgage Guaranty Insurance
Mortgage Assumption
N
National Association of Realtors (NAR)
Non-exclusive Buyer Agency Agreement
Nonfreehold Estate
Nuisance Rent Raise
Notice to Quit
Notice to Pay Rent or Quit
Notice of Change of Terms of Tenancy
Non-competing Tenant Restrictions
Net Lease
Nonrecurring Variable Expense
Net Spendable Income
Net Income
Net Cash Flow
Nonliquid Asset
Nonrecognition Provision
Net Operating Income (NOI)
Nuisance
Notice of Nonresponsibility
Nonpossessory Interest
Negative Easement
Natural Attachments
Novation
Notary Public
Null and Void
Negligence
Notice of Sale
Notice of Levy
Notice of Foreclosure
Notice of Cessation
Nonsolicitation Order
Nonjudicial Foreclosure
Nonconforming Use
Negotiation
Net Listing
Net Zero Home
Net Absorption
Nonhomogeneity
Notice of Value
Narrative Report
Narrative Appraisal
Negative Amortization
Note Rate
Nonrecourse Loan
Noninstitutional Lender
Nonfiduciary Lender
Nonconforming Loan
Nominal Interest Rate
Notice of Default
Nonpublic Personal Information (NPPI)
Net to Seller
Nonrecurring Closing Costs
O
Ostensible Agency
Obedience
Open Listing
Offer of Cooperation
Occupancy Standard
Option to Renew
Overage Rent
Operating Budget
Operating Expenses
Overall Capitalization Rate (OAR)
Operating Statement
Ownership in Severalty
Ouster
Owner’s Policy
Ordinary Life Estate
Official Records
Optionee
Option to Purchase
Option Fee
Option Contract
Offeror
Offeree
Offer to Purchase
Offer Rejection
Owner of The Funds
Option Listing
Order of Eviction
Ordinance
Open Market Transaction
Omission
Open House
Owner Occupied Property
Outbuilding
Over Improvement
Orientation
Opinion of Value
Obsolescence
Owner Financing
Origination
Origination Fee
Or-More Clause
Open-End Mortgage
Offset Statement
Obligor
Obligatory Advances
Original Principal Balance
P
Prospecting
Procuring Cause
Periodic Estate
Pass-Through Costs
Procurement Fee
Pro Rata Expense Share
Periodic Tenancy
Partial Eviction
Percentage Rent
Percentage Lease
Per-Unit-Cost-Method
Property Management
Preventive Maintenance
Property Manager
Property Management Fees
Percentage Fee
Porter’s Wage Escalation Formula
Principle of Supply and Demand
Principle of Increasing Returns
Principle of Competition
Potential Gross Income
Passive Income
Participation
Purchase and Leaseback
Predictions
Pass-Through Securities
Property Income
Passive Loss
Principle of Surplus Productivity
Principle of Highest and Best Use
Principle of Anticipation
Property Analysis
Present Value
Plottage Increment
Proforma Statement
Profit and Loss Statement
Privacy Rule
Property
Probate Court
Probate
Prior Appropriation
Possession
Point of Beginning (POB)
Personalty
Personal Property
Prescription
Public Trustee
Provisional Title
Protected Class
Proprietary Lease
Property Survey
Property Description
Property Boundary
Profit a Prendre
Probate Sale
Private Restriction
Present Interest
Prescriptive Easement
Preliminary Title Report
Power of Sale Clause
Power of Attorney (POA)
Possessory Interest
Positive Easement
Plat Map
Plat Book
Plant Department
Planned Unit Development (PUD)
Personal Representative
Party Wall
Partition
Participation Certificate
Partial Taking
Parcel
Property Ownership
Public Records
Public Accommodations
Property Restriction
Partial Reconveyance Deed
Property Succession
Power of Termination
Portfolio Loan
Parties to a Contract
Possession Date
Proximate Cause
Privity
Price Fixing
Performance
Partial Performance
Purchase and Sale Agreement (PSA)
Post Closing Occupancy Agreement
Performance Bond
Promulgated Contracts
Principals
Partition Action
Police Power
Platted Property
Planning Commission
Planning Board
Permits
Public Restrictions
Public Utility District (PUD)
Principal Meridian
Prorate
Puffing
Property Disclosure Statement
Property Condition Disclosure
Pre-listing Inspection
Pocket Listing
Patent Defect
Property Inspection
Personal Use Property
Patio Home
Partial Basement
Preleased Space
Parking Ratio
Plans and Specifications
Principle of Substitution
Progression
Principle of Progression and Regression
Principle of Decreasing Returns
Principle of Consistent Use
Principle of Conformity
Principle of Change
Physical Deterioration
Point Estimate
Percentage Adjustment
Property Tax
Principal Residence Property
Property Tax Lien
Periodic Cost
Payment Adjustment Date
Prime Rate
Primary Mortgage Market
Property Insurance
Proof of Funds (POF)
Principal
Prepayment
Private Mortgage Insurance (PMI)
Purchase Money Loan
Purchase Money Instrument
Purchase and Installment Saleback
Principal Note
Primary Lender
Price Level Adjusted Mortgage (PLAM)
Prepayment Privilege
Prepayment Penalty
Prepayment Clause
Pre-Qualification Letter
Pre-Approval Letter
Portfolio Lender
PITI Payment
Penalty Clause
Payment Clause
Partially Amortized Mortgage
Partial Release Clause
Package Trust Deed
Package Mortgage
Penalty
Partial Payment
PITI Reserves
Promissory Note
Priority of Lien
Predatory Lending
Package Loan
Paid Outside of Closing (POC)
Progress Payments
Prepaids
Prepaid Interest
Q
Quadruplex
Quiet Enjoyment
Quiet Title
Quitclaim Deed
Qualifying Ratios
Quantity Survey
R
Release of Liability
Rehabilitation
Restricted License
Realtor
Recovery Fund
Real Estate Broker
Real Estate Board
Real Estate Salesperson
Real Estate Agent
Reciprocity
Renunciation
Referral Fee
Referral
Rentable Space
Rent
Rent Roll
Rent Control
Retaliatory Eviction
Reasonable Accommodation
Recapture Clause
Rent Survey
Resident Manager
Return on Investment (ROI)
Renaissance
Real Estate Investment Trust (REIT)
Real Estate Trust
Real Estate Syndicate
Real Estate Cycle
Recapture
Repair Deduction
Recovery Period
Risk Analysis
Rule Against Perpetuities
Redemption
Rectangular Survey System
Right of Survivorship
Reversionary Interest
Reliction
Redlining
Recording
Real Property
Real Estate
Racial Steering
Right-of-Way
Right of First Offer
Reversion
Restrictive Covenant
Remainderman
Remainder Parcel
Release
Release Deed
Reconveyance Deed
Recital
Real Estate Title
Range
Reservation
Runs With The Land
Riparian Rights
Regulation
Range Lines
Race/Notice Rule
Root of Title
Right of Redemption
Relation Back
Real Property Loan Law
Right of Rescission
Real Estate Settlement Procedures Act (RESPA)
Resolution of a Contract
Reformation
Ratification
Right of First Refusal
Real Estate Contract
Revocation
Ratified Sales Contract
Real Estate Owned (REO)
Real Estate Theft
Request for Notice of Default
Referee’s Deed
Receiver
Remedy
Redevelopment
Rezone
Rebate
Ready, Willing and Able Buyer
Roundtable Closing
Residential Lead-Based Paint Hazard Reduction Act
Remodeling
Rentable Square Feet
Rail Service
Retrospective Value
Replacement Cost
Remaining Economic Life
Remainder Depreciation
Regression
Reconciliation
Renovation
Residual Techniques of Capitalization
Rate Adjustment Date
Rural Housing Service (RHS)
Residual Income
Refinancing
Redisclosure
Reinstatement
Risk Rating
Reverse Mortgage
Release Clause
Rehabilitation Mortgage
Recourse Loan
Recourse
Receivership Clause
Rate Buydown
Repayment Plan
Reserves
Renegotiable Rate Mortgage
Remaining Term
S
Straight Loan
Statutory Nonemployee
Self-Dealing
Subagent
Special Agent
Seller’s Agent
Secret Profit
Safety Clause
Sphere of Influence
Subsidized Housing
Subletting
Sublet Space
Straight-Line Rent
Shadow Space
Section 8
Sublease
Straight Percentage Lease
Security Deposit
Sandwich Lease
Self-Help Eviction
Straight Lease
Step-Up Lease
Surety Bond
Sinking Fund
Sweat Equity
Stabilized Cap Rate
Sale and Leaseback
Stepped-Up Basis
Straight-Line Method of Depreciation
Salvage Value
Stabilized Budget
Supply and Demand
Statutory Right of Redemption
Subjacent Support
Steering
Standard Title Insurance Coverage
Severance
Severalty Ownership
Separate Property
Seizin
Survey Bench Mark
Suit to Quiet Title
Successor in Interest
Statutory Warranty Deed
Spite Fence
Special Warranty Deed
Special Power of Attorney
Special Assessment
Servient Tenement
Satisfaction Piece
Satisfaction of Lien
Support Rights
Subsurface Rights
Statutory Right of Reinstatement
Statute of Frauds
Specific Performance
Subordination Agreement
Subject to Mortgage
Security Interest
Strict Foreclosure
Slander of Title
Suit for Specific Performance
Straw Buyer
Squatter
Sheriff’s Deed
Sheriff’s Sale
Statute of Limitations
Spot Zoning
Survey Check
Subdivision
Statutory Dedication
Setback Lines
Staging
Seller’s Market
Sealed-Bid
Statement of Identity
Settlement
Settlement Services
Settlement officer
Stigmatized Property
Suburban Area
Split Level Home
Single-Family Property
Special Purpose Property
Service Center or Showroom
Surveyor's Chain
Survey Datum
Section
Square Foot Method
Sales Comparison Approach
Surplus Land
Situs
Site Valuation
Subject Property
Submarket
Scarcity
Sales Data Method of Depreciation
Stamp Tax
Special Tax Assessments
Subordination
Subordinate Financing
Securitization
Swing Loan
Subsidy Buydown
Subprime Loan
Subordination Clause
Straight Note
Straight Mortgage or Deed of Trust
Specific Lien
Soft Second Mortgage
Short Sale
Shared Equity Mortgage
Shared Appreciation Mortgage
Share Loan
Senior Deed of Trust
Self-Amortized Loan
Security
Secured Party
Secured Creditor
Secondary Lender
Second Mortgage
Secondary Mortgage Market
Settlement Statement
T
Title Theory State
True Tax
Turnover
Tenancy From Period to Period
Tenement Building
Tenant
Technical Oversupply
Trade Fixture
Tenancy At Will
Tenancy At Sufferance
Triple Net Lease (NNN)
Tenant Alteration Costs
Tax Participation Clause
Trade Equity
Timeshare
Time-Share Project
Tax-Deferred Exchange
Tax Certificate
Tax Shelter
Tax Depreciation
Transferability
Torrens Title
Title Insurance
Torrens System
Tenure in Land
Tenancy in Severalty
Tenancy in Partnership
Tenancy in Common
Tenancy by The Entirety
Tacking
Trustor
Trustee
Trustee's Deed
Transmutation Agreement
Tract Index
Title Search
Title Report
Title Policies
Title Plant
Title Insurance Underwriter
Title Examination
Time-Share Estate
Trust
Title Abstractor
Transferable Development Rights (TDRS)
Tenements
Title Defect
Title and Interest Right
Tortious Interference
Third Party
Termination Clause
Trust Account
Terminated Contract
Time Is of The Essence
Trust Funds
Trustee's Sale
Transit-Oriented Development (TOD)
Township Tier
Township
Tentative Map
Township Line
Trade-In
Title Company
Title Commitment
Triggering Terms
Turnkey
Trust Cooperative
Townhouse
Time-Share Condominium
Three-Quarter Bath
Total Inventory
Topography
Tract
Taxable Value
Transfer Tax Stamp
Tax Lien
Tax District
Tax Deed
Tax Clause
Tax Base
Transfer Tax
Tax Rate
Tax Levy
Tax Sale
Total Interest Percentage (TIP)
Third-Party Origination (TPO)
Truth-In-Lending Act (TILA)
TRID Rule
Treasury Index
Trust Deed
Transfer Fee
Tight Money Market
Term Mortgage
Tandem Plan
Take-Out Loan
Trigger Term
Tax Service Fee
U
Unlicensed Assistant
Unethical Conduct
Undisclosed Dual Agency
Untenable Property
Uniform Residential Landlord and Tenant Act
Unlawful Discrimination
Unity of Title
Unity of Time
Unity of Possession
Unity of Interest
Undivided Interest
Usufruct
Unity of Person
Unenforceable Contract
Undue Influence
Uniform Commercial Code (UCC)
Unilateral Contract
Unlawful Conduct
Unlawful Detainer
Use Variance
Unilateral Escrow Instructions
Units
Usable Square Feet
Uniform Standards of Professional Appraisal Practice (USPAP)
Unearned Increment
Unit-In-Place Method
Underimprovement
Uniform Residential Appraisal Report (URAR)
Usury
Unsecured Note (LOAN)
USDA Rural Development Mortgage
Underwater Homeowner
Uniform Residential Loan Application (URLA)
V
Voluntary Lien
Voluntary Alienation
Voluntarily Inactive
Variable Scale Percentage Lease
Vacancy Rate
Variable Property Expense
Verification of Deposit (VOD)
Valid Deed
Vicarious Liability
Vesting
Voluntary Partition
View Easement
Vestee
Vested Title
Vendor's Lien
Void Contract
Valid Contract
Voidable Contract
Vendee's Lien
Vendee
Visual Preference Survey
Vendor
Valid Escrow
Value in Use
Veteran's Exemption
Verification of Employment (VOE)
VA Guaranteed Loan
Veterans Affairs (VA)
W
Waste
Wear and Tear
Warranty of Habitability
Wild Deed
Warranty Forever
Water Rights
Warranty Deed
Writ of Immediate Possession
Water Table
Walk Through
Withdrawn Listing
Wrap Around Mortgage
Warehousing Loans
X
Y
Yield Spread Premium (YSP)
Z
Zoning
Zero Lot Line
Zoning Variance
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1031 Exchange
80-10-10 Mortgage