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Real Estate Glossary > B Words > Flashcards

B Words Flashcards

1
Q

Back‐EndRatio

A

Aratiothatindicateswhatportionofaperson’smonthlyincomegoestowardpaying debts.Totalmonthlydebtincludesexpensessuchasmortgagepayments(madeupofPITI),credit‐card payments,childsupportandotherloanpayments.

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2
Q

BalloonPayment

A

Aninstallmentpaymentonapromissorynote,usuallythefinalonefordischarging thedebt,whichissignificantlylargerthantheotherinstallmentpaymentsprovidedunderthetermsof thepromissorynote.

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3
Q

Bankruptcy

A

Alegalproceedingbyanindividualorcompanywhoarenolongerabletopaytheir respectivedebts.

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4
Q

BenchMark

A

Amonumentusedtoestablishtheelevationofthepoint,usuallyrelativetoMeanSea Level,butoftentosomelocaldatum.

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5
Q

Beneficiary

A

Thelenderonthesecurityofanoteanddeedoftrust.

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6
Q

Bequest

A

Personalpropertygivenbythetermsofawill.

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7
Q

BestAlternativeToANegotiatedAgreement(BATNA)

A

Thecourseofactionthatwillbetakenbya partyifthecurrentnegotiationsfailandanagreementcannotbereached.

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8
Q

BilateralContract

A

Acontractinwhicheachpartypromisestodosomething.

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9
Q

BillofSale

A

Awritteninstrumentgiventopasstitleofpersonalpropertyfromvendortothevendee.

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10
Q

BlindAd

A

Anadforrealpropertyplacedbyarealestatebrokerthatdoesnotindicatethatthe advertiserisabrokeranddoesnotincludethenameofthebrokerandtelephonenumber.

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11
Q

Blockbusting

A

Theuseofprejudicetoinstillfear,orpanic(alsoknownaspanicselling),inorderto motivateindividualsinaparticularareaorneighborhoodtosellordisposeoftheirpropertybecauseof theentrance,orpotentialentry,ofaprotectedclass.

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12
Q

Bond

A

Adebtinstrumentthatrepresentsdebt.

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13
Q

Boot

A

Cashreceivedinatax‐deferredexchange.

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14
Q

BorrowerPaidPoints

A

Additionalamountspaidbytheborroweroutsidethecostofprocuringtheloan.

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15
Q

BuildingCode

A

Asystematicregulationofconstructionofbuildingwithinamunicipalityestablishedby ordinanceorlaw.

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16
Q

BundleofRights

A

Therights,orinterests,thatanindividualhasinaparticularpieceofproperty.The righttodispose,therighttoencumber,therighttopossess,therighttouse,andtherighttoexclude others(therightofquietenjoyment).

17
Q

Buyer’sMarket

A

Anoversupplypluslessenedordecreaseddemand.

Real Estate Glossary (23 decks)

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