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Nov 13, 2023 · 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. This comprehensive list of real estate definitions will help you ensure you’re communicating with clients effectively.
May 20, 2019 · What is real property? Real property refers to real physical that is attached to the land which cannot be moved. It can refer to: Structures. Houses. Buildings. Machinery. Bridges. Pools. Crops. Roads. etc. There is a need to differentiate between real and personal property insurance as some insurance policies cover one or the other.
Definitions of common insurance terms for the real estate industry, and what's included in each type of policy.
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- Note: Letters of the alphabet without a relevant term are not listed.
- Adjustable-rate mortgage (ARM): A mortgage loan with an interest rate that can change throughout the loan’s lifetime.
- Agent: A real estate professional that is legally licensed to buy and sell property on behalf of their clients. An agent cannot operate independently, they must work under a licensed broker.
- Amortization: The process of gradually reducing mortgage loan debt over time by establishing scheduled monthly payments. The interest payment of an amortized loan will decrease as time goes on, while the principal payment will increase.
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.
Mar 20, 2023 · When searching for a home or applying for a mortgage, you may hear your real estate agent or lender use any of the terms or acronyms below. Keep this guide handy — you'll be fluent in the language of home buying before you know it.
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Jul 16, 2024 · From taking out loans to analyzing property performance, learning real estate terms and definitions can help you make the right decisions confidently. In today’s guide, we’ve compiled a range of real estate terms and definitions as a reference for landlords like you.