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GLOSSARY OF REAL ESTATE TERMS. Abstract of Title - A summary of al1 of the recorded instruments and proceedings which affect the title to property, arranged in the order in which they were recorded. Accretion - The addition of land through processes of nature, as by water or wind. Accrued Interest - Accrue; to grow; to be added to.
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Black’s Guide’s Glossary of Real Estate Terms provides a complete reference dictionary of terms and phrases used in the commercial real estate industry. These definitions have been endorsed by numerous industry organizations as the Market Standard for their respective regions.
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.
Buying a home. You’ve found your dream home…now what? It’s not time to pack your bags just yet. There are many expenses you must consider beyond the purchase price (the price you’re willing to pay for the house). You need to consider how much of a down payment you can afford.
Glossary of Real Estate Terms. ese terms represent a small portion of the jargon used in describing the purchase process for real estate. An important part of our relationship is making you more familiar with how these terms are a part of your purchase and ownership of real estate.
GLOSSARY OF REAL ESTATE & MORTGAGE TERMS. A. Agreement of Purchase and Sale – A legal agreement that offers a certain price for a home. The offer may be firm (no conditions attached), or conditional (certain conditions must be fulfilled before the deal can be closed).
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GLOSSARY OF REAL ESTATE TERMS. Agent - An individual who represents a seller, a buyer or both in the purchase or sale of real estate. 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.
