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If you’re considering that, welcome to an entirely new vocabulary, and terms such as NOI, or Cap rate. Glossary of Real Estate Terms 80-10-10 A type of blended mortgage loan which avoids private mortgage insurance (PMI). 0000003083 00000 n 0000001076 00000 n 151 13 REAL ESTATE DICTIONARY A Abstract of Title: A condensed history or summary of all transactions affecting a particular tract of land. 0000001923 00000 n ProZ.com Argentina Calle 14 nro. 0000002112 00000 n Review these common words and phrases in the home-buying process. How much of the loan the buyer owes to the mortgage lender. Ebook. This glossary covers all terms and phrases associated with a real estate transaction. 151 0 obj<> endobj For example, 3 and 3 (minus 3) both have an absolute value of 3. 598 0 obj<>stream Glossary of Real Estate Terms We hope you find this list of commercial real estate leasing terms helpful. While great care and research was undertaken to provide accurate explanations and definitions for the thousands of real estate terms and words, one dictionary cannot be 100% accurate in all jurisdictions. Borrow this book to access EPUB and PDF files. Access: The legal right to enter and leave a tract of land from a public way. Learn the Lingo: Real Estate Terms, Realtor Designations & Acronyms. 565 0 obj <> endobj 0000003695 00000 n Bridging Loan. This Dictionary compiles 7,000 entries of terms and expressions in the fields of housing, financial and legal matters, publicity and marketing which are relevant to the construction and real estate management. This is an extract from the more comprehensive Glossary of Property Terms … Absolute Ownership—Ownership of all real property rights and interests in a real estate parcel. real estate definition: 1. property in the form of land or buildings: 2. property in the form of land or buildings: 3…. Browse through more than 121,000 verified real estate properties with accurate lowdown on amenities, neighborhoods and cities, and genuine pictures. course of a real estate transaction. It’s a valuable resource that will help consumers feel more comfortable, and help real estate professionals guide clients through the process. This refers to the interest on a loan. As a digital marketplace with an exhaustive range of property listings, we know it is easy to get lost. And you might even find it helpful as you brush up on a term or two. 2. You will find some common and not so common terms used in real estate in Ontario, Canada and in the United States. Notes. This free online glossary of real estate terms includes selected terms commonly encountered by both tenants and home purchasers. �V��)g�B�0�i�W��8#�8wթ��8_�٥ʨQ����Q�j@�&�A)/��g�>'K�� �t�;\�� ӥ$պF�ZUn����(4T�%)뫔�0C&�����Z��i���8��bx��E���B�;�����P���ӓ̹�A�om?�W= This is because legal definitions generally serve a different purpose. The same terms may have different meanings in another context. Voluntary and permanent cessation with no intention to resume or reclaim one’s interest is called ABANDONMENT. Get for free. Since the commission for the sale of a house is almost always paid for by the seller, buyers are able to get assistance and information from Real Estate Agents, usually at no cost to them. 0000045704 00000 n 0000002473 00000 n �ꇆ��n���Q�t�}MA�0�al������S�x ��k�&�^���>�0|>_�'��,�G! trailer As a digital marketplace with an exhaustive range of property listings, we know it is easy to get lost. Modification: A document that alters, adds to, or cancels some of the terms or stipulations but leaves the general purposes or effect of the document intact. Dictionary of real estate terms by Friedman, Jack P; Harris, Jack C., 1945-; Lindeman, J. Bruce (John Bruce) Publication date 1993 Topics Real estate business, Real property Publisher Hauppauge, N.Y. : Barron's Educational Series Collection inlibrary; printdisabled; internetarchivebooks; americana Digitizing sponsor Internet Archive Contributor Internet Archive Language English. Real estate lingo is a world of its own. H��RIn�0�����@8��� E_Rr/���6͙!G\o?%|%��:F�O|���`d��[�'��;���'ސ�?Lp!��L@�e���Ү����MԦP��Ca/o*X�A���!�L���|�b'ey�5��� �zW��b ���t�]Z�mwJķ�,�窕��!=��k١D\��h�Q��Fף,�!�s��cW��G��� }�$��|�^�}M֪�U�,�g=��9j�S�w��X��X���dő�4j}68�5l�~4Z-l&�q�h/�xͨ�Ɨ����:�^� ī6~�����6~y���4@,�6}Y}y����� � ��(0v#�*f�I��� ��� ADJUSTMENT DATE. ). It consists of an 80% - 30 year first lien at market rates, a 10% - 15 year second lien at a slightly higher interest rate, and a 10% down payment. 0000000556 00000 n REAL ESTATE DICTIONARY A Abstract of Title: A condensed history or summary of all transactions affecting a particular tract of land. Tranche – In Real Estate Mortgage Investment Conduits (“REMICs”) (defined above) investors’ returns are based upon the amount of “risk” they are willing to accept. Commercial real estate Any multifamily residential, office, industrial, or retail property that can be bought or sold in a real estate market. 0000036618 00000 n This real estate glossary is one of the most extensive in the industry and is used by many real estate brokers, real estate schools and instructors across the country. Real Estate Glossary of Terms and Definitions. startxref A condition in a real estate financing instrument giving the lender the power to declare all sums owing lender immediately due and payable upon the happening of an event, such as sale of the property, or a delinquency in the repayment of the note. 0000008488 00000 n %PDF-1.5 %���� endstream endobj 566 0 obj<>/ViewerPreferences<>/Metadata 563 0 R/Pages 559 0 R/StructTreeRoot 39 0 R/Type/Catalog/Lang(EN-US)>> endobj 567 0 obj<>/ProcSet[/PDF/Text]/ExtGState<>>>/Type/Page>> endobj 568 0 obj<>/Type/Font>> endobj 569 0 obj<> endobj 570 0 obj<>stream 0000076251 00000 n This is a loan to help buyers who need to bridge the gap between … * Search thousands of terms from multiple authoritative dictionaries, all from industry-leading publishers. An estate agent carries out an appraisal or valuation in order to quantify the value of the real estate. At PropTiger.com, we guide home buyers right from the start of their home search to the very end. a different meaning than the one found in The Dictionary of Real Estate Appraisal, 6th Edition (“AI Dictionary”). 0000003582 00000 n <<906E7933C6983748BC456B9E91778B08>]>> (Encyclopedia of Real Estate Terms 2nd Edition, Damien Abbott) Breakpoint The sales threshold over which percentage rent is due. ABATEMENT OF NUI SANCE The act of ending or … 0000001202 00000 n 0000017532 00000 n Business risk The uncertainty associated with the possible profit outcomes of a business venture. endstream endobj 163 0 obj<>stream Absolute Value—The value of a number or expression regardless of its sign. Balloon Loan – a loan that has level monthly payments that will amortize it over a stated term (e.g., 30 years) but that requires a lump sum payment of the entire principal balance at the end of a shorter term (e.g., 10 years). subprime, Alt-A, Alt-B, prime, etc. REAL ESTATE VOCABULARY 17 PAGES 1. There are, however, some factors that may affect these definitions: Terms are defined as they are commonly understood in the mortgage and real estate industry. 0000030932 00000 n Like any industry, the real estate business has its own language. 0000034624 00000 n Thus, it complements our former TOPIC 0000036491 00000 n PREFACE In 2003, IREM published a Glossary of Real Estate Management Terms describing the responsibilities of property managers and asset managers in the following way: These definitions still have relevance, but the property management and asset management Real Estate Dictionary by Farlex gives you free, instant access to thousands of real estate definitions and hundreds of images from multiple real estate, mortgage, and financial dictionaries. How to Dominate SEO for Real Estate. 0 Real estate definition, property, especially in land: three acres of real estate. 0000000943 00000 n Real Estate Glossary There is a lot of real estate terminology used during the home buying and selling process and CENTURY 21® is here to help you understand those terms. Buying or selling a home is one of the most important decisions in … Laws governing real estate—especially relating to agents—vary considerably from state to state. ACCELERATION CLAUSE 0000001671 00000 n This enables the owner the right of using and disposing of the land and buildings within the constraints of law and any existing legally binding agreements. * Search thousands of terms from multiple authoritative dictionaries, all from industry-leading publishers. Real Estate Glossary. These terms are provided for your information only, with the warning that terms may have different meanings or (Real Estate Real Estate Dictionary by Farlex gives you free, instant access to thousands of real estate definitions and hundreds of images, all from industry-leading publishers, including McGraw-Hill. Books for People with Print Disabilities. Real Estate Glossary There is a lot of real estate terminology used during the home buying and selling process and CENTURY 21® is here to help you understand those terms. Common area For lease purposes, the areas of a building (and its site) that are available for the non-exclusive use of all its tenants, such as lobbies, corridors, and parking lots. NYC Real Estate Glossary of Terms. While great care and research was undertaken to provide accurate explanations and definitions for the thousands of real estate terms and words, one dictionary cannot be 100% accurate in all jurisdictions. Google adv. n�3ܣ�k�Gݯz=��[=��=�B�0FX'�+������t���G�,�}���/���Hh8�m�W�2p[����AiA��N�#8$X�?�A�KHI�{!7�. United Real Estate Media - Real Estate Terminology GLOSSARY & DEFINITIONS A to Z acceleration clause A clause in your mortgage which allows the lender to demand payment of the outstanding loan balance for various reasons. This Dictionary compiles 7,000 entries of terms and expressions in the fields of housing, financial and legal matters, publicity and marketing which are relevant to the construction and real estate management. The potential home buyer will find this Vocabulary helpful for understanding words and terms used in real estate transactions. See fee simple. This real estate glossary is one of the most extensive in the industry and is used by many real estate brokers, real estate schools and instructors across the country. Add in NYC’s uniqueness and it can be a confusing language to navigate. trailer 0000000016 00000 n 0000036534 00000 n 0000035855 00000 n Instead of having to come up with a 20% down payment, a buyer is able to avoid PMI with only 10% down. From the obscure to the obvious, your clients will find all the information they need below. H�|����0ྀ�A�-K�d%v��d��Ҵ���eik�(�a߾�5�bz�C��i$k�Q~:?�����g�lK���ݦ{�$:�>S�p�]�i����. IN COLLECTIONS. Real Estate Glossary. to estimate the value of the property. 0000002152 00000 n 0000041206 00000 n Real Estate Glossary Below are some terms and their meaning, you may often hear in the real estate industry. Access: The legal right to enter and leave a tract of land from a public way. Appraisal. 0000012864 00000 n If you want to become a realtor, than these 497 real estate terms are for you. Through the process considerably from state to state is calculated by dividing the annual rent... 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