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Glossary

Glossary of Real Estate Terms

A

Abandonment
Abatement
Absorption Rate
Active
Active Option Contract
Addendum
Adjustable-Rate Mortgage
Amenity
Amortization
Annual Percentage Rate (APR)
Assessor
Average

B

Basis (Cost Basis)
Beneficiary
Bill of Sale
Bond
Book Value
Breach of Contract
Bridge Loan
Broker
Broker Price Opinion (BPO)
Brokerage
Building Codes
Bundle of Rights
Buyer's Agent
Buyer's Market

C

Cap
Capitalization Rate
Cash Flow
Chattel
Closing Costs
Closing Disclosure (Statement)
Cloud
Collateral
Coming Soon
Comparative Market Analysis
Condominium
Condominium Information Statement (CIS)
Contingent
Contract for Deed
Credit

D

Developer
Down Payment
Dual Agency

E

Equity
Exclusive Agency

I

Income Approach
Interest Rate
iBuyer

L

Listing
Listing Agent

M

Market Value
Median

N

New Construction
Notary

P

Pending
Pocket Listing
Purchase and Sale Agreement

R

Real Estate Agent or Salesperson

T

TREC
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