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Black’s Guide’s Glossary of Real Estate Terms provides a complete reference dictionary of terms and phrases used in the commercial real estate industry. These definitions have been endorsed by numerous industry organizations as the Market Standard for their respective regions.
Estate - The degree, quantity, nature and extent of interest which a person has in real property. Estate in Reversion - The residue of an estate left for the grantor, to commence in possession after the termination of some particular estate granted by the grantor.
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define key words and concepts in the commercial real estate field. The goal was to provide a document that included standardized terminology for the CRE industry. To accomplish this, NAIOP assembled a task force made up of NAIOP members, representing major disciplines in the commercial real estate
Nov 13, 2023 · Whether you’re a veteran agent or a rookie hoping to sound authoritative during your first transaction, you need to be able to succinctly explain common real estate terms and definitions to your clients.
For the 2024 edition of Commercial Real Estate Terms and Definitions, the author reviewed secondary sources and sought input from members of the national research directors group as well as other CRE practitioners to identify terms that needed to be added or amended to match current use.
An important part of our relationship is making you more familiar with how these terms are a part of your purchase and ownership of real estate. We have provided here a simpli˚ ed, common language explanation of these terms limited to how they will most likely be used in your home purchase process.
F O R E W O R D. Welcome to the Walker & Dunlop Glossary of Commercial Real. Estate Terms. We created this glossary to define and explain a collection of terms and acronyms in everyday use within commercial real estate and finance. As our industry continues to evolve and grow, so will our glossary.
