Search results
- a decision based only on a specific rule or rules and not on any other consideration: The case was dismissed on a technicality and will be retried at a later date.
dictionary.cambridge.org/dictionary/english/technicality
People also ask
What is black's guide's glossary of real estate terms?
Where can I find a dictionary of real estate terms?
Why is a title search important in a commercial real estate transaction?
What does real estate mean?
What is considered real property?
What is technical due diligence?
As a real estate agent, it’s crucial to have a firm grasp on industry-specific terminology to effectively navigate the world of prospecting, lead generation, and marketing. This real estate dictionary will help you better understand the language used in the real estate business – and familiarize you with key concepts and strategies ...
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. Even if you know every one of the 136 real estate terms on this list and how to use them, your clients expect you to be their interpreter.
- Absorption: Often reported as a property’s absorption rate, an absorption is the amount of units or inventory of a particular type of commercial property that was occupied in a given market within a specified time period (usually not exceeding one year).
- Addendum: An addendum in real estate is a piece of additional information covering certain circumstances of a transaction and it is often added to a form contract as an attachment before execution of the contract or during escrow.
- Adjustable-Rate Mortgage (ARM): ARM refers to an instrument that allows real property to be used as collateral for a promissory note, which must specify interest rates and how they are expected to change from time to time.
- Amortization: Amortization is a process of using regular payments or installments to pay off debts, for example, a mortgage, over an agreed period of time.
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.
Introduction. In 2004, the NAIOP Research Foundation funded a project to identify and 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.
Technical due diligence of property, when carried out by an RICS member or RICS registered firm, consists of the systematic review, analysis, discovery and gathering of information about the physical characteristics of a property and/or land (the property).
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.
