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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.
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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.
Jul 8, 2024 · We will cover the most commonly researched real estate investment terms and their respective definitions. Our intent, is for you to use this real estate investing glossary as a quick, easy-to-understand resource for questions, explanations, examples, formulas and investor tips.
Sep 13, 2024 · 11 Real Estate Terms That Every Buyer And Seller Should Know. Real estate jargon often relates to financial decisions, so it’s worth familiarizing yourself with the most important...
4 days ago · Equity in real estate is calculated as the difference between the property's market value and the amount still owed on any mortgages or loans secured by the property. Your home's current market value is the price it would likely sell for today. You can find this by looking at recent sales of similar homes in your area or using online valuation ...
Oct 19, 2022 · This article will explore the most common real estate terms you’ll read in a contract. We’ll make everything clear so that when you’re ready to buy or sell a home, you’ll be confident about these terminologies.
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.
