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  1. Jun 15, 2021 · The real estate industry uses several unique acronyms and abbreviations. Understanding these terms can be beneficial for buyers and sellers.

  2. Understanding the real estate terminology Canada uses is crucial for anyone involved in the real estate market in Canada, whether you’re a first-time homebuyer, a seasoned investor, or a professional in the industry.

  3. 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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    • Glossary of Real Estate Terms and Abbreviations
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    Mac users: hold command + F to search for a real estate term Windows users: hold control + F to search for a real estate term

    Absentee landlord:An owner or sub-lessor who does not reside in the place or area in which he/she owns real estate from which he/she derives rental income. Abstract of auction:A summary of the auction advertisements which appears in the property page of a newspaper. Abstract of title:A chronological summary of conveyances, mortgage or leases and ot...

  4. Nov 13, 2023 · If a property is active contingent, a buyer has submitted an offer to purchase a property, but the sale won’t be finalized until certain conditions, or contingencies, are met. A contingency might be the buyer selling their current house, requiring certain repairs to be made, or obtaining a clean termite inspection.

  5. 2 days ago · If you’re new to the world of real estate, deciphering industry speak can be tricky.The process of buying, selling, and investing in real estate is complicated and not surprisingly, so is all the terminology that comes with it. As a jumping off point, we’ve compiled 50 of the most common terms used...

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  7. Jan 6, 2023 · Here are 44 of the most common real estate abbreviations, acronyms and terminologies used by the real estate industry.

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