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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.
Depreciation - Loss of value in real property brought about by age, physical deterioration, or functional or economic obsolescence. Descent - When an owner of real estate dies intestate, the owner’s property descends, by operation of law, to the owner’s distributees.
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Oct 6, 2021 · We’ve prepared a comprehensive commercial real estate glossary containing 100 commercial real estate terms to know while buying and selling commercial property. You need this glossary of commercial real estate terms to learn new terminology and make informed decisions.
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- Note: Letters of the alphabet without a relevant term are not listed.
- Adjustable-rate mortgage (ARM): A mortgage loan with an interest rate that can change throughout the loan’s lifetime.
- Agent: A real estate professional that is legally licensed to buy and sell property on behalf of their clients. An agent cannot operate independently, they must work under a licensed broker.
- Amortization: The process of gradually reducing mortgage loan debt over time by establishing scheduled monthly payments. The interest payment of an amortized loan will decrease as time goes on, while the principal payment will increase.
Real Estate Terms Index. Welcome to our online real estate dictionary, where you’ll find over 1400 definitions of real estate terms and jargon. The go-to source for real estate agents, brokers, homeowners, home buyers, landlords, renters, property owners, landowners and mortgage providers.
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functioning of urban real estate markets. As such, it first reviews the fundamental concepts of demand, supply, prices, and price adjustments, then expands on how they apply to real estate, and finally elaborates on their relevance to market analysis.
