Search results
Glossary of Real Estate Terms. This information is used with permission from Black's Guide Inc., 444 N. Frederick Avenue, #420, Gaithersburg, MD 20877-2432. 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 ...
the purchaser agrees to buy certain real estate and the seller agrees to sell upon terms and conditions set forth therein. Air Rights - Rights in real property to use the space above the surface of the land. Alienation - A transferring of property to another; the transfer of property and possession of lands, or other things, from one person to ...
- 225KB
- 26
A change in market parameters or conditions brought about in response to one or more market signals (including price changes from shifts in supply and demand); typically characterized as cycles, fluctuations, or trends (categories that differ in terms of cause, duration, and impact on commercial real estate markets).
- How to Use This Glossary of Real Estate Terms and Abbreviations
- Glossary of Real Estate Terms and Abbreviations
- Sources
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...
Nov 13, 2023 · You can explain to them that a commission is the amount charged by the real estate agents who lead the transaction. It is almost always paid by the seller. Generally 6% of the purchase price of the property, commissions are usually split between the buyer and seller agents and then between the agents and their brokers.
Mar 20, 2023 · 26. Equity. A percentage of the home’s value owned by the homeowner. 27. Escalation clause. A clause or addendum to a real estate contract or offer that states a buyer is willing to raise his or her offer price to a predetermined amount if the seller receives a higher competing offer for the property.
People also ask
What is black's guide's glossary of real estate terms?
Where can I find a dictionary of real estate terms?
What are the different types of real estate designations?
What does agent mean in real estate?
How many real estate terms do you need to know?
What does lease mean in real estate?
Glossary of Real Estate Terms Abstract of Title: A summary of the public records relating to the ownership of a particular piece of land. It represents a short legal history of an individual piece of property and traces the ownership of that property from the time of the first recorded transfer to present.
