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  1. 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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    • 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.
  2. Feb 13, 2013 · We have created start a glossary of property terms you can use to learn the lingo of estate agents. The following terms are language you can use with agents to show knowledge and ‘authority’ and to help you avoid getting ‘Binned’. For many of you who deal with estate agents, these property terms are common knowledge.

  3. Nov 13, 2023 · 136 Real Estate Terms & Definitions Your Clients Expect You to Know. See full bio. 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.

  4. Mar 2, 2024 · Here are 25 slang terms in real estate that natives use and can add a touch of coolness and edginess to a real estate agent’s vocabulary: 1. Crib: – Definition: Slang for a home or property. – Example: “Check out this sweet crib I just listed! It’s got more charm than a puppy in a bowtie.” 2. Pad:

  5. This real estate dictionary contains 66 essential terms & phrases to help agents communicate confidently with clients and colleagues.

  6. FIDELITY definition: 1. honest or lasting support, or loyalty, especially to a sexual partner: 2. the degree to which…. Learn more.

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