Real Estate Glossary

A

Acceptance
Active
Addendum
Adjustable Rate Mortgage
Amenity
Amortization
▪ Annual Percentage Rate (APR)
Assessor Parcel Number (APN)
API Score (Academic Performance Index)
▪ Appraisal
▪ Appreciation
Arms-Length Transaction
Assessed Value
▪ Assessment (See Special Tax Assessment)

B
Backup Offers
▪ Broker
▪ Building Code
▪ Buyer’s Agency Agreement
▪ Buyer’s Market
C

Capital Gains Exemption
▪ Case-Schiller Index
Cash on Cash Return
Certificate of Occupancy (CO)
▪ Closing Costs
▪ Comparable Sales Approach, (Comps)
▪ Competitive Market Analysis (CMA)
▪ Condominium
▪ Contigent on Sale of other property Addendum
▪ Conforming Loan
▪ Contingency
▪ Conventional Loan (30 year Fixed)
▪ Cooperative (Co-Ops)
▪ Covenants, Conditions & Restrictions (CC&Rs)
▪ Credit Report
▪ Credit Score

D
Debt Coverage Ratio (DCR)
▪ Deed
▪ Department of Housing and Urban Development (HUD)
▪ Depreciation
Discount Point
▪ Down Payment
▪ Dual Agency

E
Earnest Money (Deposit)
▪ Easement
▪ Encroachment
Escrow
▪ Estate Sale
▪ Excise Tax

F

▪ Federal Housing Adminstraction (FHA)
▪ Federal Housing Administratin Loan (FHA Loan)
▪ Fiduciary Duty
Final Walkthrough
Fire Insurance
Fixture
▪ Flipping
▪ Foreclosed Home
▪ Foreclosure
▪ For-Sale-By-Owner (FSBO)

 

G
Good Faith Estimate
▪ Gross Income
Gross Rent Multiplier

H

▪ Historic Preservation Overlay Zone (HPOZ)
▪ HOA Dues
▪Home-Equity Line of Credit (HELOC)
▪ Homeowners Association (HOA)
▪ Homeowners Dues (HOA dues)
▪ Home Owners Exemption (See Capital Gains Exemption)
▪ Home Owner’s Insurance
▪ Home Valuation Code of Conduct (HVCC)
▪ HUD-1 Settlement Statement

I
▪ Inflation
Inspection
Interest Rate

J
▪ Jumbo Mortgage

L

▪ Lender Title Insurance
▪ Lien
▪ Lis Pendens
▪ Listing
▪ Loan-to-Value-Ratio (LTV)
Lock-in (Rate Lock)
Looking for Backup

M

Mello-Roos
▪ Mortgage Broker
▪ Mortgage Fees
Mortgage Insurance (PMI)
▪ Multiple Listing Service (MLS)
Multiple Offers

N

Natural Hazard Disclosure (NHD)
▪ Net Operating Income (NOI)
▪ New Construction
▪ Notice of Default (NOD)

P

▪ Pending
Pocket Listing
Porte-Cochere
▪ Preapproval Letter
▪ Pre-Payment Penalty
▪ Price/Square Foot ($/Sq.Ft.)
▪ Principle, Interest, Taxes, Insurance (PITI)
▪ Probate Sale
Property Tax
Purchase Agreement

Q
▪ Quitclaim Deed

R
▪ Radon
▪ Rate Lock
▪ Refinance (Refi)
▪ REO (Real Estate Owned)
Request for Repairs
▪ Reserves
▪ RESPA

S

▪ Seller Disclosures
▪ Seller’s Market
▪ Settlement
▪ Short Sale
▪ Sold
Special Tax Assessments
▪ Survey

T
▪ Tenancy-in-Common
▪ Title
▪ Title Search
Title Insurance
▪ Townhouse
▪ Truth-in-Lending Act
▪ Turn Key

U

V

▪ Vacancy Rate

W

Y
▪ Yield Spread Premium

Z
▪ Zoning

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