Real Estate Vocabulary
property
A thing or things belonging to someone; possessions.
real estate
Property consisting of land and the buildings on it.
Glossary Reference
Words related to the buying, selling, renting, and legal description of properties.
property
A thing or things belonging to someone; possessions.
real estate
Property consisting of land and the buildings on it.
broker
A person who arranges transactions between buyers and sellers.
lease
A lease is a contract granting use or occupation of property during a specified time for a specified payment.
tenancy
The condition or period of holding a property or land under a lease or rental agreement.
mortgage
A legal agreement in which a bank or similar organization lends money at interest in exchange for taking title of the debtor's property until the debt is repaid.
equity
The quality of being fair and impartial; also refers to ownership interest in property after liabilities are deducted.
appraisal
The act of assessing or estimating the nature, quality, or value of something.
zoning
The act or process of dividing an area into zones for different purposes.
title
A name or designation of a book, composition, or other artistic work.
deed
A deed is a document that is signed and delivered, especially one regarding the ownership of property.
commission
A group of people officially charged with a particular function or a fee paid for services.
escrow
A legal arrangement in which a third party temporarily holds money or property until a specified condition is met.
inspection
The act of examining something closely to ensure it meets certain standards.
foreclosure
The legal process by which a lender takes possession of a property due to the owner's failure to pay the mortgage.
listing
A record or enumeration of items, often arranged in a specific order.
contracts
A legal agreement between two or more parties.
buyer
A person who purchases goods or services.
seller
A person or entity that sells goods or services.
investment
The action or process of investing money for profit.
List Mastery
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