Vocab Words Flashcards
1
Q
Abandonment
A
The owner of a property gives up their rights and interest in the property, usually with the intent to terminate their ownership.
what it includes:
To be legally abandoned, the owner must clearly show that they intentionally and knowingly gave up their rights to the property.
2
Q
Abrogation
A
Tenants cannot sign away their rights in advance of signing the lease.
3
Q
Abstract of title
A
A chronological record of a property’s legal history, including all the legal documents and transactions associated with it.
What it includes:
A property’s abstract of title includes every legal action, deed, mortgage, tax sale, title transfer, and encumbrance. It also lists the property’s previous owners and any liens against it.
When it’s used:
An abstract of title is typically used to determine if a property has any claims against it before making an offer. It can also be used to ensure that everything is in order with the property before closing on it.
Who creates it:
Lawyers usually created abstracts of title when a property was being sold to prove the seller’s title.
4
Q
Abutting
A
two pieces of land that touch or share a border. They are right next to each other. This is important for property boundaries and zoning rules.
5
Q
Accelerated depreciation
A
A way to write off the value of income property faster for tax purposes.
This method reduces taxes sooner compared to the straight-line method, which spreads the value loss evenly over time.
If the property is sold for a profit, the extra depreciation might be taxed as regular income.
This is important for managing taxes on investment properties.
6
Q
Acceleration clause
A
A part of a mortgage or loan agreement. If the borrower defaults (fails to pay) the entire loan amount, the lender can demand the full amount of the loan, including interest, to be paid immediately. This protects lenders if payments are missed.
7
Q
Accretion
A
The natural addition of land when sand or soil is deposited by a river, lake, or sea. This process increases the size of the property over time. It’s important for properties near water.
8
Q
Accrued depreciation
A
The decrease in a property’s value over time. It’s the difference between what it would cost to replace the property today and its current market value. This shows how much the property has lost in value since it was new.
9
Q
Acknowledgment
A
A statement made by a person to a notary public or other authorized official. The person declares that they signed a document willingly and voluntarily. This is important for verifying the authenticity of documents like deeds or contracts.
10
Q
Act
A
The Real Estate License Act of 2000. It is the law that governs real estate practices in Illinois, setting rules for licensing, conduct, and operations for real estate professionals.
11
Q
Actual eviction
A
The legal process where a landlord (lessor) removes a tenant from a rental property because the tenant has failed to meet the terms of the lease. This happens after a court order and involves physically removing the tenant from the property.
12
Q
Actual notice
A
A person knows about something because they were directly told or have clear information about it. As opposed to just hearing about it indirectly.
13
Q
Adjustable-rate mortgage
A
A loan where the interest rate changes after a set period. The rate can go up or down, but there are limits (caps) on how much it can change at each adjustment. This type of mortgage can result in lower initial payments, but payments may increase over time.
14
Q
Administrator
A
A person chosen by the county court to manage and settle the estate of someone who died without a will. They manage the deceased’s property, pay debts, and distribute assets according to state law.
15
Q
Ad valorem tax
A
A tax based on the value of property. It is commonly used to refer to real estate taxes, also known as general taxes, where the amount of tax is determined by how much the property is worth.
16
Q
Adverse possession
A
Allows someone to gain ownership of land if they openly occupy it for a certain period (usually several years) without the real owner’s permission. The occupation must be continuous, visible, and hostile to the owner’s rights. If these conditions are met, the occupant can claim legal ownership.
17
Q
Affidavit
A
A written statement that someone signs and swears is true in front of an official, like a notary public. It is used to provide evidence or confirm facts in legal matters.
18
Q
Agency
A
A relationship where a broker or licensee represents a consumer in a property transaction. The consumer gives consent, either directly or indirectly, to the broker or licensee to act on their behalf. This can be in writing or understood through actions.
19
Q
Agent
A
A person who represents or acts on behalf of another person, known as the principal. The agent’s authority can be given directly or implied through actions. For example, when a property owner signs a listing or management contract, they make a real estate broker their agent to handle the property.
20
Q
Agreement of sale
A
A written contract where the buyer agrees to purchase a property, and the seller agrees to sell it, based on the terms and conditions outlined in the agreement.
21
Q
Air lot
A
A specific area of space above a piece of land. Just like land on the ground, air lots can be bought, sold, or transferred. Air rights are also known as Transferable Development Rights (TDRs).
22
Q
Air rights
A
The right to use the space above a property. This allows the landowner to use or sell the space above, often for building or other uses, while the land below can be used for something else..
23
Q
Alienation
A
the act of transferring property to someone else. This can be voluntary, like selling or gifting the property, or involuntary, like through government action (eminent domain) or adverse possession.
24
Q
Alienation clause
A
A part of a mortgage or deed of trust that says the full loan balance must be paid immediately if the property is sold. It stops the borrower from transferring the debt to someone else without the lender’s approval.
25
Alluvion
New soil deposits that build up over time, usually from water like rivers or lakes. This happens through the process of accretion, where sand or soil is added to the land.
26
Amenities
Features that make a property more appealing or valuable. These can be physical things like a swimming pool or parking, or benefits like a good location or nearby schools.
27
Americans with Disabilities Act
A federal law passed in 1992. It aims to prevent discrimination against people with disabilities by ensuring they have equal access to jobs, public places, transportation, and government services.
28
Amortization
The process of paying off a loan through regular payments over time. Each payment reduces the loan balance until it’s fully paid off.
29
Amortized loan
A loan where you make regular payments, usually monthly, that cover both the loan amount (principal) and the interest. Over time, the loan is paid off completely
30
Antitrust laws
designed to protect free competition by making illegal practices that reduce competition. Common violations include price-fixing (where brokers agree on set commission rates) or dividing markets (where brokers agree to work in separate areas or with certain clients). These laws help keep the market fair for everyone.
31
Appraisal
an estimate of a property's value. It’s the process used to determine how much a property is worth, It’s done by a professional who looks at factors like the property’s condition and location to determine how much it is worth. The result is usually written in a report.
32
Appraised value
The estimated current worth of a property, determined by a professional appraiser.
33
Appreciation
The increase in a property’s value over time due to factors like a strong economy, high demand, or improvements to the property. which can be temporary or permanent.
opposite of depreciation, where value decreases.
34
Appurtenant
Something that is attached to and part of a property, like a garage or shared condo spaces. These features are included with the property when it is sold.
35
Arbitration
A way to resolve disputes between two parties using an impartial third party. Both sides agree that the third party’s decision will be final and binding.
36
Assemblage
When two or more pieces of land are combined into one larger parcel. This is often done to increase the property’s value or potential use.
37
Assessment
A tax or fee that is charged on a property, usually based on its value. Local authorities decide how much to charge using fixed rates.
38
Assignment
The written transfer of rights or interest in a legal document, like a bond, mortgage, or lease, from one party to another.
39
Assumption of mortgage
When a buyer takes over the seller’s mortgage and agrees to pay the remaining loan. If the property is sold for less than the mortgage amount, the buyer is responsible for the difference. The lender must approve this transfer of responsibility before the seller is no longer liable for the loan.
40
Attachment
When a debtor’s property is taken by the court and held as security while a creditor’s lawsuit is ongoing. This ensures the property can be used to pay the debt if the creditor wins the case.
41
Attorney-in-fact
A person who has been given the power of attorney to act on behalf of someone else in legal matters, like signing documents or making decisions.
42
Attorney's opinion of title
A written statement from a lawyer. It confirms whether the seller has the legal right to sell the property and if the title is clear of any issues.
43
Automatic extension
A clause in a listing agreement that automatically renews the contract for a certain time after it ends. Some places do not allow or encourage using this clause
44
Avulsion
The sudden loss of land caused by natural forces like an earthquake, flood, or landslide. This happens quickly and can change the shape of the property.
45
Balloon payment
A large final payment on a mortgage loan. It is bigger than regular payments because the loan was not fully paid off during the term and the remaining balance is due at the end.
46
Bargain and sale deed
Transfers property from the seller to the buyer but doesn’t guarantee there are no legal issues with the property. It shows the seller has the right to sell the property. The seller can add extra guarantees if they choose.
47
Base line
An imaginary line running east and west, crossing a principal meridian. It is used by surveyors to help locate and describe land using the rectangular survey system.
48
Benchmark
A fixed reference point used by surveyors to measure changes in elevation or height. It helps ensure accurate land measurements.
49
Beneficiary
A person who benefits from a trust, receiving money or property. It can also refer to a lender who gives a loan for real estate and gets a note and deed of trust in return.
50
Bequest
A part of a will that specifies how personal property should be given to someone after the person's death.
51
Bilateral contract
An agreement where both parties promise to do something. Each party’s promise is exchanged for the other party’s promise to perform their part.
52
Bill of sale A
A written document that transfers ownership of personal property from one person to another.
53
Binder
A preliminary agreement that often includes an earnest money deposit. It shows the buyer’s good faith and intention to complete the purchase of a property.
54
Blanket mortgage
Covers more than one piece of property. It allows for each property to be partially released from the mortgage when a certain amount of the loan is paid off.
55
Blind advertisement
An ad used by a licensee that doesn’t include the full business name of the sponsoring broker. For online ads, it must include a link to a page with all required disclosures. If the broker is part of a franchise, the ad must also show the franchise name along with the individual firm’s name.
56
Blockbusting
The illegal practice of convincing homeowners to sell their properties by making false claims about minority groups moving into the neighborhood. This is done to create fear and profit from the sale.
57
Blue-sky laws
State rules that make sure investment securities are registered and sold legally. These laws protect investors from scams or fraud.
58
Board
The Real Estate Administration and Disciplinary Board. It oversees real estate licenses and handles disciplinary actions to make sure rules are followed. It was created under Section 25-10 of the Real Estate License Act (RELA).
59
Branch office
A secondary location where real estate business is done, separate from the main office. It must be managed by a licensed real estate broker who works for the broker in charge of the main office
60
Breach of contract
When one party does not fulfill their promises or obligations in a contract without a valid legal reason.
61
Broker
a person or business that, for payment or the expectation of payment, helps others with real estate transactions. This includes:
1.Selling, buying, renting, or leasing real estate.
2.Listing or advertising properties for sale or rent.
3.Negotiating real estate deals.
4.Collecting rent for properties.
5.Assisting with leads or opening properties for marketing.
6.Providing broker price opinions or market analyses.
Key Point: Brokers must operate under state laws and can handle real estate activities for others
62
Brokerage
The business of helping people buy, sell, or lease real estate for a commission or fee. It involves acting as an intermediary between buyers and sellers, landlords and tenants, or other parties in a real estate transaction.
63
Brokerage agreement
A written or oral contract between a sponsoring broker and a client (consumer). It outlines the real estate services the broker will provide in exchange for compensation, either directly or indirectly.
64
Broker price opinion
An estimate of a property’s value, created by a real estate broker. It looks at the property’s condition, the local market, and recent sales of similar properties.
Purpose: Helps determine a property’s likely selling price.
Not an appraisal: It’s less detailed than a formal appraisal and doesn’t require an appraiser’s license.
Used for: Making decisions about selling, buying, or refinancing a property.
Note: A broker is paid for the sale or rental of property, but not just for giving a BPO unless it’s part of a real estate transaction.
65
Budget loan or budget mortgage
A type of mortgage where your monthly payment covers not just the loan itself (principal and interest), but also a portion of additional costs like:
Principal (the amount borrowed)
Interest (the cost of borrowing)
Taxes, insurance, and other expenses (like assessments)
This helps you pay everything in one monthly payment, known as a PITI payment (Principal, Interest, Taxes, and Insurance). It's useful because it ensures important expenses like taxes and insurance are paid on time.
66
Buffer zone
An area between two different types of land uses. It helps separate them to reduce conflicts.
For example, a park might be used as a buffer zone between a residential area and a commercial district to keep the two areas from directly affecting each other.
67
Building code
A set of rules that outlines the minimum standards for constructing buildings. These rules ensure the safety, health, and well-being of people by regulating things like building materials, electrical systems, plumbing, and fire safety.
68
Building code
A set of rules that outlines the minimum standards for constructing buildings. These rules ensure the safety, health, and well-being of people by regulating things like building materials, electrical systems, plumbing, and fire safety.
69
Building restrictions
Rules that limit what can be built on a property. These rules can come from zoning laws, deed agreements, or leases, and can control things like the size, type, and use of buildings. They are meant to keep buildings safe, organized, and in line with the area’s overall plan.
70
Bulk zoning
Refers to zoning regulations that control how much space can be used for buildings on a piece of land. It helps prevent overcrowding by limiting the size, height, and placement of buildings, ensuring there is enough room between structures and that the area remains balanced and livable.
71
Bundle of legal rights
The idea that owning land means having a collection of rights related to the land. These rights include:
Possession – The right to own and use the property.
Control – The right to make decisions about the property within the law.
Enjoyment – The right to use the property in a way that brings enjoyment, without interference from others.
Instead of just owning the physical land, these rights give the landowner full control over how the property is used.
72
Buy-down mortgage
A loan where the interest rate is lowered by paying some interest upfront. There are two types:
1.Temporary Buy-Down – The lower interest rate
only applies for the first few years of the loan.
2.Permanent Buy-Down – The lower interest rate
applies for the entire life of the loan.
This helps the borrower save money on interest, especially in the early years.
73
Capacity of parties
A person's legal ability to enter into a valid contract. Most people have full capacity to make contracts and are considered "competent parties." However, certain individuals, such as minors or those with mental impairments, may not have the legal ability to contract.
74
Capital gains
The tax on the profit made from selling an asset, such as real estate or stocks, for more than what it was originally purchased for. The tax applies to the profit (gain) earned from the sale.
75
Capital improvement
Any upgrade or addition to a property that increases its value or extends its useful life. Examples include adding a new roof, upgrading the kitchen, or installing a new heating system. These improvements can increase the property's value and may be tax-deductible when you sell the property.
76
Capital investment
The money spent to buy or improve a property or business. It includes things like buying land, building, or making upgrades to make the property more valuable. This investment helps generate future profits.
77
Capitalization
The process of calculating the present value of future income from a property. In real estate, it's used to estimate a property's value based on how much income it can generate.
formula is:
Income ÷ Rate = Value
It helps determine how much a property is worth today based on expected future profits.
78
Capitalization rate
The capitalization rate (or cap rate) is the rate of return a property is expected to generate on the owner's investment. It helps estimate the profitability of an investment property.
Formula:
Cap Rate = Net Operating Income ÷ Property Value
A higher cap rate means a higher potential return, and a lower cap rate suggests a lower return.
79
Cash flow
The net income generated from an investment after subtracting all operating and fixed expenses from the gross income.
Positive Cash Flow: When income is greater than
expenses, meaning the investment is profitable.
Negative Cash Flow: When expenses exceed
income, meaning the investment is losing
money.
It's a key factor in evaluating the financial success of an investment property.
80
Casualty insurance
A type of insurance that protects property owners from losses or injuries caused by events like theft, vandalism, or accidents.
1.It helps cover the financial impact of
unexpected damages or losses to property.
2.This insurance is important for safeguarding
against various risks not related to natural
disasters.
81
Caveat emptor
Caveat emptor is a Latin phrase that means
"Let the buyer beware."
1.It means that the buyer is responsible for
checking the quality and condition of a
property before purchasing it.
2.Buyers must be cautious and do their own
research as they are responsible for any risks
involved in the transaction.
82
Caveat venditor
Caveat venditor is a Latin phrase that means
"Let the seller beware."
1.It means the seller must be careful and ensure
that the product or property they are selling is
as described and free of defects.
2.Sellers are responsible for making accurate
representations about what they are offering to
avoid legal issues.
83
Certificate of eligibility
A document given to veterans by the government.
1.It shows if the veteran is eligible for a VA loan.
2.This certificate is required for veterans to apply
for VA loans, which are loans backed by the
government and offer favorable terms such as
no down payment or lower interest rates.
84
Certificate of occupancy
A document given after a building is inspected.
1. It confirms the building meets building codes
and is safe to live in or use.
2.This certificate is required before anyone can
move in or use the property.
85
Certificate of reasonable value
A Certificate of Reasonable Value (CRV) is issued by the Veterans Administration (VA).
1.It states the value of a property as determined
by a VA-approved appraiser.
2.This certificate is used when getting a VA
mortgage to ensure the property is worth the
loan amount.
86
Certificate of reduction
a document issued by the lender.
1.It verifies the current loan balance.
2.It is used to show how much the borrower still
owes on the loan.
87
Certificate of sale
A Certificate of Sale is given to a purchaser at a tax foreclosure sale.
1.It does not convey title to the property.
2.It certifies that the holder received title after
the redemption period passed.
3.The purchaser paid the property taxes during
that period.
88
Certificate of title
An opinion about the status of a property's title, based on a review of public records.
1.It confirms whether the title is clear or if there
are any legal issues.
2.It is based on an examination of public records.
89
Cession deed
It is used when land is donated to the government.
1.It transfers ownership of the land to a
government entity.
2.It is commonly used for public purposes like
parks or government buildings.
90
Chain of title
The sequence of property transfers that trace the current owner's ownership back to the original source.
1.It shows all the past conveyances and legal
documents.
2.Helps prove the validity of the current property
title.
91
Chattel
Personal property that is movable, such as furniture, electronics, or clothing.
1.Unlike real property (land and buildings),
chattel is not attached to land.
2.It can be bought, sold, or transferred.
92
City Planning Commission
A local government group that helps guide and manage the growth and development of land within a city.
1.They make decisions on land use, zoning, and
building projects.
2.Their goal is to ensure organized, safe, and
sustainable development within the
municipality.
93
Client
A person who is being represented by a licensed real estate professional (like a broker or agent). The client receives services and advice from the licensee, who works on their behalf.
94
Cloud on title
A claim or issue that may affect the ownership of a property, making the title unclear or questionable. It could be a legal dispute, unpaid liens, or other encumbrances that need to be resolved for clear ownership.
95
Codicil
A document that makes changes or additions to an existing will.
1.It can update, explain, or clarify parts of the
will, but does not cancel the entire will.
2.It must be signed and witnessed just like the
original will.
96
Coinsurance clause
97
Collateral
98
Commercial property
99
Commingled property
100
Commingling
101
Commission
102
Common elements
103
Common law
104
Community property
105
Community Reinvestment Act
106
Comparables
107
Comparative market analysis
108
Compensation
109
Competent parties
110
Condemnation
111
Conditional-use permit
112
Condominium
113
confidential information
114
conformity
115
consideration
116
constructive eviction
117
constructive notice
118
consumer
119
contingency
120
contract
121
contract for deed
122
contract for exchange of real estate
123
contract rent Rental
124
conventional insured mortgage
125
conventional life estate
126
conventional mortgage
127
conventional uninsured mortgage
128
conversion
129
conveyance
130
cooperative
131
corporation
132
correction lines
133
cost approach
134
counseling
135
counteroffer
136
covenant
137
covenant of quiet enjoyment
138
cul-de-sac
139
curable depreciation
140
curtesy
141
Customer
142
cycle
143
datum
144
dba
145
debenture
146
debt
147
debt service
148
decreasing returns
149
deed
150
deed in trust
151
deed of re-conveyance
152
deed of trust
153
deed restrictions
154
default
155
defeasance
156
defeasible fee estate
157
deficiency judgment
158
delinquent taxes
159
delivery
160
delivery in escrow
161
demand
162
density zoning
163
department
164
depreciation
165
descent
166
designated agency
167
designated agent
168
designated managing broker
169
determinable fee estate
170
devise
171
diminishing returns
172
dual agency
173
economic obsolescence
174
emblements
175
eminent domain
176
employee
177
employee status
178
employment contract
179
encroachment
180
Encumbrance Any
181
Equal Credit Opportunity Act
182
equalization
183
equitable lien
184
equitable right of redemption
185
equitable title
186
equity
187
erosion
188
errors and omissions insurance
189
escalation clause
190
escheat
191
escrow
192
escrow moneys
193
estate for years
194
estate in land
195
estate in severalty
196
estoppel certificate
197
ethical
198
eviction
199
evidence of title
200
exchange
201
exclusive-agency buyer agency agreement
202
exclusive-agency listing
203
exclusive brokerage agreement
204
exclusive buyer agency agreement
205
exclusive-right-to-sell listing
206
exculpatory clause
207
executed contract
208
execution
209
executor
210
executory contract
211
executrix
212
expenses
213
expressed contract
214
familial status
215
Federal Fair Housing Act
216
Federal Home Loan Bank System
217
Federal Home Loan Mortgage Corporation
218
Federal Housing Administration (FHA)
219
federal income tax
220
Federal National Mortgage Association (FNMA)
221
Federal Reserve banks
222
fee simple estate
223
fee simple absolute
224
fee simple defeasible with a special limitation
225
fee simple subject to a condition subsequent
226
FHA appraisal
227
FHA loan
228
fiduciary relationship
229
financing statement
230
first mortgage
231
fixture
232
floor area ratio (FAR)
233
forcible entry and detainer
234
foreclosure
235
formal will
236
fractional sections
237
fraud
238
freehold estate
239
front feet
240
functional obsolescence
241
future interest
242
gap
243
general agent
244
general contractor
245
general lien
246
general partnership
247
general warranty deed
248
GI-guaranteed mortgage
249
government lot
250
Government National Mortgage Association (GNMA) Ginnie Mae
251
graduated lease
252
graduated payment mortgage
253
grant
254
grant deed
255
grantee
256
granting clause
257
grantor
258
gross lease
259
gross rent multiplier (GRM)
260
ground lease
261
growing-equity mortgage
262
guaranteed sale plan
263
guardian
264
habendum clause
265
heir
266
highest and best use
267
holdover tenancy
268
holographic will
269
homeowners' insurance policy
270
homeowners warranty program
271
homestead
272
HUD
273
hypothecation
274
implied contract
275
implied grant
276
improvement
277
inactive
278
income approach
279
increasing returns
280
incurable depreciation
281
indefeasible fee
282
indemnification
283
independent contractor
284
index lease
285
industrial property
286
installment contract
287
installment sale
288
insurable title
289
insurance
290
intangible property
291
interest
292
interim financing
293
inter vivos trust
294
intestate
295
invalid
296
invalidate
297
investment
298
involuntary alienation
299
involuntary lien
300
IRS tax lien
301
joint tenancy
302
joint venture
303
judgment
304
judgment clause
305
judicial sale
306
laches
307
land
308
land contract
309
landlocked
310
latent defect
311
law of agency
312
lawyer's opinion of title
313
leads
314
lease
315
leased fee interest
316
leasehold estate
317
leasehold interest
318
lease option
319
lease purchase
320
legal description
321
legality of object
322
legal life estate
323
legatee
324
lessee
325
lessor
326
leverage
327
levy
328
license
329
licensee
330
licensed activities
331
lien
332
Lienee
333
lienor
334
lien-theory state
335
life estate
336
life tenant
337
liquidated damages
338
liquidity
339
lis pendens
340
listing agreement
341
listing broker
342
listing presentation
343
littoral rights
344
loan-to-value
345
lock-in clause
346
lot-and-block description
347
managing broker
348
management agreement
349
marketable title
350
market-date approach
351
market price
352
market rent
353
market value
354
master deed
355
master plan
356
mechanic's lien
357
medium of advertising
358
metes-and-bounds description
359
mill
360
millage rate
361
ministerial acts
362
misrepresentation
363
money judgment
364
money market
365
month-to-month tenancy
366
monument A
367
mortgage
368
mortgage bankers
369
mortgage broker
370
mortgage fraud
371
mortgagee
372
mortgage lien
373
mortgagor
374
multiple listing
375
municipal ordinances
376
mutual rescission
377
negative amortization
378
negligence
379
net income
380
net lease
381
net listing
382
nonconforming loan
383
nonconforming use
384
non-disturbance clause
385
nonhomogeneity
386
nonjudicial foreclosure
387
nonrecourse loan
388
notarize
389
notary public
390
note
391
notice of abandonment
392
novation
393
obligee/promisee
394
obligor/promissor
395
obsolescence
396
offer and acceptance
397
office
398
officer's deed
399
one hundred percent-commission plan
400
open buyer agency agreement
401
open-end mortgage
402
open listing
403
open mortgage
404
option
405
optionee
406
optionor
407
ownership
408
package mortgage
409
participation financing
410
partnership
411
party wall
412
patent defect
413
payee
414
payee
415
percentage lease
416
periodic estate
417
person
418
personal property
419
physical deterioration
420
plat
421
plat book
422
plottage
423
point
424
point of beginning
425
police power
426
power of attorney
427
premises
428
prepayment penalty
429
prepayment privilege clause
430
prescription
431
prescriptive title
432
price fixing
433
primary mortgage market
434
principal
435
principal meridian
436
principle of conformity
437
principle of substitution
438
priority
439
private mortgage insurance (PMI)
440
probate
441
procuring cause
442
progression
443
property management
444
property tax
445
proprietary lease
446
proration
447
prospectus
448
public utility easement
449
puffing
450
pur autre vie
451
purchase-money mortgage
452
pyramiding
453
qualification
454
quiet enjoyment
455
quiet title lawsuit
456
quitclaim deed
457
range
458
ready, willing, and able buyer
459
real estate
460
real estate broker
461
real estate investment trust (REIT)
462
Real Estate Settlement Procedures Act (RESPA)
463
reality of consent
464
real property
465
REALTOR
466
receiver
467
reconciliation
468
recording
469
recovery fund
470
rectangular survey system
471
redemption period
472
redlining
473
regression
474
regular employee
475
release
476
reliction
477
relocation service
478
remainder
479
remainder interest
480
renewal period
481
rent
482
rent control
483
rent schedule
484
replacement cost
485
reproduction cost
486
rescission
487
reservation in a deed
488
residential leasing agent
489
restriction
490
reverse mortgage
491
reversion
492
reversionary right
493
rezoning
494
right of first refusal
495
right of survivorship
496
riparian rights
497
sale and leaseback
498
sales comparison approach
499
sales contract
500
salesperson
501
sandwich lease
502
satisfaction
503
secondary mortgage market
504
Secretary
505
section
506
security deposit
507
selling broker
508
separate property
509
servient tenement
510
setback
511
severalty
512
severance
513
shared participation mortgage
514
short sale
515
situs
516
sole ownership
517
special agent
518
special assessment A
519
special warranty deed
520
specific lien
521
specific performance suit
522
sponsorship
523
sponsoring broker
524
squatter's rights
525
statute of frauds
526
statute of limitation
527
statutory lien
528
statutory right of redemption
529
steering
530
stigmatized property A
531
straight-line method
532
strict foreclosure
533
subagent
534
subcontractor
535
subdivision
536
subletting
537
subordination
538
subrogation
539
substitution
540
suit for partition
541
suit for possession
542
suit for specific performance
543
suit to quiet title
544
summation appraisal
545
supply
546
surety bond
547
survey
548
syndicate
549
tacking
550
tangible property
551
taxation
552
tax deed
553
taxes
554
tax lien
555
tax rate
556
tax shelters
557
team
558
tenancy at sufferance
559
tenancy at will
560
tenancy by the entirety
561
tenancy in common
562
tenant
563
tenement
564
564
termination (lease)
565
termination (listing)
566
term mortgage
567
testamentary trust
568
testate
569
testator
570
testatrix
571
time is of the essence
572
time-share estate
573
time-share use
574
title
575
title insurance
576
title-theory states
577
Torrens system
578
township
579
township lines
580
trade fixtures
581
transaction broker
582
transfer taxes
583
trust
584
trust deed
585
trustee
586
trustee's deed
587
trustor
588
Truth-in-Lending Act
589
unconventional mortgage
590
unenforceable contract
591
undivided interest
592
Uniform Commercial Code (UCC)
593
unilateral contract
594
unity of ownership
595
universal agent
596
useful life
597
usury
598
valid contract
599
valid deed
600
valid lease
601
VA loan
602
variance
603
vendee
604
vendor
605
voidable contract
606
void contract
607
voluntary lien
608
voluntary transfer
609
waiver
610
warranty deed
611
warranty of habitability
612
waste
613
will
614
wraparound mortgage
615
writ of attachment
616
writ of execution
617
year-to-year tenancy
618
zoning ordinance
