Real Estate Dictionary
Real estate is filled with jargon and technical terms. Our real estate glossary can help you better understand the terms commonly used in real estate.
A
- Absorption Rate
- Accessory Dwelling Unit (ADU)
- Active Listing
- Addendum
- Adjustable Rate Mortgage
- Amenity
- Amortization
- Annual Percentage Rate (APR)
- APN
- Appraisal
- Appraiser
- Appreciation
- Arms-Length Transaction
- Arrears
- Assessment
- Assessor
- Assumable Mortgage
B
- Backup Offer
- Balloon Mortgage
- Bridge Loan
- Broker
- Broker Price Opinion (BPO)
- Building Code
- Bump Clause
- Buyer Agency
- Buyer Agency Agreement
- Buyer’s Agent
- Buyer’s Market
C
- Cap
- Case-Schiller Index
- Cash-Out Refinancing
- Certificate of Occupancy
- Closing Costs
- Comparables
- Comparative Market Analysis (CMA)
- Condominium
- Conforming Loan
- Contingency
- Contingent
- Contingent Offer
- Conventional Loan
- Cooperative (Co-op)
- Correspondent Lender
- Covenants, Conditions & Restrictions (CC&Rs)
D
E
F
- Fair Housing Act
- Fair Market Value (FMV)
- Fannie Mae
- Fed
- Federal Housing Administration (FHA)
- Fee Simple
- FHA Loan
- Fiduciary
- Fixed Rate Mortgage
- Flipping
- Float Down
- Flood Insurance
- For Sale by Owner (FSBO)
- Foreclosed Home
- Foreclosure
- Freddie Mac
G
H
- Home Equity Line of Credit (HELOC)
- Home Valuation Code of Conduct (HVCC)
- Homeowners Association (HOA)
- Homeowners Association Dues
- Homeowners Insurance
- HUD-1 Settlement Statement
I
J
L
- Lien
- Lis Pendens
- List Price
- Listing
- Listing Agent
- Loan Commitment Letter
- Loan-to-Value (LTV)
- Lock-In (Rate Lock)
- Loss Mitigation
M
- Months of Supply
- Mortgage
- Mortgage Broker
- Mortgage Fees
- Mortgage Insurance
- Mortgage Lender
- Multi-Family
- Multiple Listing Service (MLS)
- Mutual Acceptance
N
O
P
- Par Rate
- Pending
- Per Diem
- Planned Unit Development (PUD)
- Pocket Listing
- Pre-Approval
- Pre-Payment Penalty
- Pre-Qualification
- Principal, Interest, Taxes & Insurance (PITI)
- Private Mortgage Insurance (PMI)
- Procuring Cause
- Property Tax
- Public Offering Statement (POS)
- Purchase and Sale Agreement
Q
R
- Radon
- Real Estate Agent
- Realtor
- Refinance
- REO (Real Estate Owned)
- Resale Certificate
- Rescission
- Reserves
- RESPA
- Right of First Refusal
S
- Sale-to-List Ratio
- Seasoning
- Secondary Mortgage Market
- Seller Disclosure
- Seller’s Market
- Selling Office Commission (SOC)
- Senior Exemption
- Settlement
- Short Sale
- Special Assessment
- Subject to Inspection (STI)
- Survey
- Surveyor
- Sweat Equity
T
- Temporarily Off Market
- Tenancy in Common (TIC)
- Title
- Title Insurance
- Townhouse
- Truth in Lending Act (TILA)
- Turnkey