Real Estate Glossary

Our glossary is the largest dictionary of real estate and construction terms on the Internet with almost 10,000 definitions.
Real Estate Glossary
Our glossary is the largest dictionary of real estate and construction terms on the Internet with almost 10,000 definitions.



 
Ra - Ran - Re - Rec - Red - Ren - Rep - Ret - Ri - Ro - Ros


A counter voltage occurring in AC circuits causing power loss.

A paste used in soldering that reacts chemically with the metal being soldered when heat is applied.

Permanent memory in a computer that can be repeatedly accessed but not changed.

1. Concrete that has been mixed prior to delivery to a building site.
2. Any material where all combined elements are combined at the factory.

A cement mixer. A truck designed to agitate ready-mix concrete en-route to the building site.

Real estate term describing one who is capable of action and planning to do so. For example, having the financial ability and being agreeable to the terms of a contract.

Investments, that you can access and that can be held indefinitely or sold for a profit after appreciation.

Land and anything permanently affixed to it, such as buildings.

Person licensed by a state to represent a buyer or seller in a real estate transaction in exchange for a commission. Agents must work in association with a real estate broker or brokerage company.

Local group of real estate brokers who are members of the State and National Board of Realtors. They meet regularly to help determine licensing requirements as well as managing the multiple listing service of their area.

Person, corporation or partnership licensed by a state to represent a buyer or seller in a real estate transaction in exchange for a commission. Brokers supervise licensed real estate agents, who act for the broker, who is legally the principal agent in any transaction.

Calculators that have additional financial functions which includes present value, purchase price, property appreciation, lease costs, loan and mortgage amortization.

The amount received by a real estate salesperson and agency upon sale of a property. Alternately, the agency that enforces real estate license laws.

Person who is paid to provide advice about real estate.

Professional organization composed of teachers of real estate in colleges and proprietary license preparation schools. Address: Real Estate Educators Association, 11 LaSalle Street, Suite 1400, Chicago, Illinois 60603-1210.

Publicly traded company that owns, develops or operates commercial properties.

The current transaction activity by buyers and sellers, including markets for various properties, such as housing, condominium, land, office markets.

REMICs may be partnerships, corporations, trust, etc. and are used to hold a fixed pool of mortgages, which are then marketed as tax exempt mortgage backed securities for investors.

Property acquired by a lender, through foreclosure, which is held as inventory.

Local government taxes which are assessed on real estate.

Federal law designed to make sellers and buyers aware of settlement fees and other transaction related costs. It also outlaws kickbacks in the real estate business.

Pool of investor money, which is used to purchase real estate.

Professional opinion of the market value of a home or property.

Income for a certain period, adjusted for inflation.

Rate Interest rate adjusted for inflation.

Land and anything permanently affixed to it, such as buildings.

Return on an investment after adjustment for inflation.

A gain that has occurred financially but isn't necessary taxable due to a tax-free exchange.

Reported in the income statement for tax purposes, it's the taxable profit or loss resulting from a sale.

Member of the National Association of Real Estate Brokers, Inc.

Designation for an agent or broker who is a member of the National Association of Realtors and subscribes to a strict code of ethics.

Licensed salesperson, not a broker, who is a member of the National Association of Realtors.

An affiliate of the National Association of Realtors, which produces educational programs and literature for its member. Publications include, Real Estate Today and Real Estate Perspectives.

Land and anything permanently affixed to it, such as buildings.

To widen or smooth a hole.

A tool used to widen or smooth a hole.

Lease with a rental, which is a percentage of the appraised value, and is periodically adjusted after being reviewed by independent appraisers.

The revision or reappraisal of the value estimate of property, which may be for tax purposes or contract negotiations.

Steel bars that are placed in concrete to provide reinforcement. see reinforcing bar.

Wire used to connect lengths of rebar.

Refund, which resulted from an overpayment of tax, purchase price. Alternately, an amount given as an incentive to buy.

Presumption that may be refuted by rebuttal evidence but is accepted until proven otherwise.

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