Real Estate Definitions I

Abandonment:

Abstract of Title:

Abstract of title with lawyer’s opinion:

Acceleration clause:

Accession:

Accretion:

Accrued Items:

Acknowledgment:

Acre:

Actual Eviction:

Actual Notice:

Adjustable-rate mortgage (ARM):

Adjusted basis:

Adjusted sales price:

Administrator/administratrix:

Ad valorem tax:

Adverse possession:

Affidavit of title:

Agency by ratification:

Agency coupled with an interest:

Agent:

Air Lot:

Air rights:

Alienation:

Alienation clause:

Allodial System:

Alluvion:

Amortization:

Amount realized on sale:

Antitrust laws:

Appointed Licensee:

Appraisal:

Appraisal Review Board:

Appraised value:

Appreciation:

Appurtenances:

Area:

ARELLO:

Assemblage:

Assessed Value:

Assessment:

Assessment roll:

Assumption of Mortgage:

Attorney’s opinion of title:

Automatic extension:

Avulsion:

Balloon payment:

Bargain and Sale Deed:

Base line:

Basis:

Benchmark:

Beneficiary:

Bequest:

Bilateral contract:

Bill of sale:

Binder:

Blanket mortgage:

Blockbusting:

Blue-sky laws:

Bond issues:

Boot:

Branch office:

Breach of contract:

Broker:

Brokerage:

Broker-salesperson:

Budget Mortgage:

Buffer zone:

Building code:

Building line:

Building permit:

Bulk transfer:

Bundle of legal rights:

Business cycle:

Business interruption insurance:

Buy-down:

Buy-down mortgage:

Buyer agency:

Buyer representation agreement:

Buyer’s broker:

Capital gain:

Capital Investment:

Capitalization:

Capitalization rate:

Cash flow:

Casualty insurance:

Caveat emptor:

Certificate of sale:

Certificate of title:

Chain of title:

Channeling:

Chattel:

Civil Rights Act of 1866:

Client:

Closing agent:

Closing Statement:

Cloud on the title:

Clustering:

Code of Ethics

Codicil:

Coinsurance clause:

Collateral:

Commingle:

Commission:

Common elements:

Common law:

Community property:

Community Reinvestment Act:

Comparables:

Comparative Market Analysis:

Competent parties:

Competitive market analysis:

Condemnation:

Consideration:

Contract for deed:

Conventional loan:

Cooperative sale:

Co-ownership:

Corporation:

Corporeal right:

Correction lines:

Correspondent Lenders:

Cost:

Cost approach to value:

Cost recovery:

Counseling:

Counteroffer:

Covenant:

Credit:

Curtesy:

Customer:

Cycle:

Datum:

Debit:

Decedent:

Deceptive Trade Practices Act (DTPA):

Dedication:

Deed:

Deed in trust:

Deed of reconveyance:

Deed of trust:

Deed restrictions:

Default:

Defeasance clause:

Defeasible fee estate:

Deficiency judgment:

Delinquent taxes:

Delivery and acceptance:

Demand:

Density zoning:

Department of Housing and Urban Development (HUD):

Depreciated Cost:

Depreciation:

Descent:

Determinable fee estate:

Developer:

Devise:

Discount points:

Discount rate:

Doctrine of relation back:

Dominant Tenement:

Dower:

Duress:

Earnest money deposit:

Easement:

Easement appurtenant:

Easement by implication:

Easement by necessity:

Easement in gross:

Economic life:

Economic obsolescence:

Emblements:

Eminent domain:

Employment contract:

Enabling acts:

Encroachment:

Encumbrance:

Endorsement:

Equal Credit Opportunity Act:

Equal opportunity in housing:

Equalization:

Equalization factor:

Equitable lien:

Equitable right of redemption:

Equitable title:

Equity:

Erosion:

Escheat:

Escrow:

Escrow agreement:

Estate at will:

Estate for years:

Estate from period to period:

Estate in land:

Estate taxes:

Estimate of value:

Estoppel certificate:

Eviction: