Index of real estate articles

• Abandonment • Abstract of title • Acceleration clause • Accession • Acknowledgment • Acre – a measure of land area • Action to quiet title • Ad valorem tax • ADA • Adjustable-rate mortgage (ARM) • Adjusted basis • Administrator/Administratrix • Adverse possession • Agency – Real estate agency, Buyer brokerage • Agent – Real estate agent or broker, Estate agent • Agreement • Air rights • Alienation • Allodial, Allodium • Allodial title • Alluvion • Amenity • American Land Title Association (ALTA) • Americans with Disabilities Act of 1990 • Amortization calculator • Amortization schedule • Amortizing loan • Anchor store • Annexation • Annual percentage rate • Apartment • Appraisal, real estate • Appraised value – An estimate of the present worth of a property • Appreciation • APR • Appurtenance • Appurtenant easement • ARELLO • Arm's length transaction • Arrears • Article 4 of the United States Constitution • Artificial person • Asking price • Assemblage • Assignee • Assignment • Assignment of contract • Assignor • Assessed value – The value set upon a property for taxation purposes • Assessment • Association of Real Estate License Law Officials (ARELLO) • Assumable loan • Assumable mortgage • Attorney-at-law • Attorney-in-fact • Auction • Avulsion • Assessor • Assumption of mortgage == B ==

• Balance • Balloon mortgage • Bargain-and-sale deed • Baseline – a line that is a base for measurement or construction, lines that divide north/south or east/west in surveying • Basis • Benchmark • Beneficiary • Bequest • Bhoodan movement • Bilateral contract – a contract in which only one party makes a promise • Bill of sale • Binder – In law, a binder (also known as an agreement for sale, earnest money contract, memorandum of sale, or contract to sell) is a short-form preliminary contract in which the purchaser agrees to buy and the seller agrees to sell certain real estate under stated terms and conditions, usually in the form of a purchase offer, and is enforceable in a court of law and used to secure a real estate transaction until a more formal, fully negotiated contract of sale can be signed. See offer and acceptance. • Blanket loan, Blanket mortgage • Block • Blockbusting • Boiler insurance • Bona fide purchaser • Book value • Boot • Boundary • Breach of contract • Broker • Brokerage – Mortgage broker, Real estate broker, Buyer brokerage • Broker's Price Opinion (BPO) • BPO Standards and Guidelines • Budget • Building code • Bundle of rights • Buyer brokerage • Buyer's agent == C ==

• Canadian Real Estate Association (CREA) • Capital appreciation • Capital gain • Cap rate, Capitalization rate • Cash flow • Caveat emptor • Certificate of occupancy • Certified Relocation and Transition Specialist • Chain – sequence of linked house purchases • Chain – unit of measurement • Chain of title • Chattel • Chattel mortgage • City block • Civil action • Civil Rights Act of 1866 • Civil Rights Act of 1968 • Clause • Client • Closing costs • Closing • Closing statement • Cloud on a title, Cloud on title • Coinsurance, Coinsurance clause • Collateral • Color of title • Commercial property • Commingling • Commission • Comprehensive planning for community development • Confiscation • Commitment • Common area • Common law • Community-based planning • Community land trust • Community planning • Community property • Comparables • Compensatory damages, Expectation damages • Competition • Condemnation – building is deemed no longer habitable, government seizure through Eminent domain, or Urban decay • Condominium • Condominium conversion, Condo conversion • Confidentiality, Confidential information • Conformity • Conservation land trust • Consideration • Construction loan, Construction mortgage • Constructive eviction • Consumer • Contingency, Contingencies • Continuing education requirement • Contour map • Contract for deed • Contract of sale • Contract • Contribution • Conventional mortgage • Conversion – removal of personal property or building fixtures • Conversion – process of changing a building to condominium • Courtesy signing • Covenants • Convey, Conveyance, Conveyancing • Cooling-off period • Cooperating broker • Cooperative apartment • Co-op • Co-ownership • Copyhold • Corporation • Corporeal property • Corrective maintenance • Cost basis • Council housing • Counteroffer • Courtesy tenure • Covenant • Covenant Against Encumbrances • Covenant for Further Assurances • Covenant of Quiet Enjoyment • Covenant of Right to Convey • Covenant of Seisin • Covenant of Warranty • CREA • Credit • Creditor • Cul-de-sac • Customer == D ==

• Damages for breach of contract • Datum • Debit • Debt service coverage ratio • Decedent • Declaration of Condominium • Declaration of Restriction • Decree • Deductible expense • Deed • Deed in bargain and sale • Deed in lieu of foreclosure • Deed in trust • Deed of gift • Deed of trust • Deed restriction • Default • Defeasance clause • Defeasible fee • Defeasible estate • Deficiency – physical condition or construction that is considered sub-standard or below minimum expectations • Deficiency judgment • Delivery and acceptance • Demise • Department of Housing and Urban Development (HUD) • Depreciable asset • Depreciated value • Depreciation • Descent • Designated agency, Designated agent • Devise – disposal of real property in a will and testament, or the property itself which has been disposed of • Devisee – beneficiary of a will and testament • Disability • Discount points • Disintermediation • Documentary stamp • Documentary stamp tax • Domania • Dominant estate, Dominant tenement • Dominant portion • Dominion Land Survey • Double closing • Double escrow • Dower • Dual agent, Dual agency • Due-on-sale clause • Duress == E ==

• Earnest money • Earthquake insurance • Easement • Easement appurtenant • Easement by condemnation • Easement by implication • Easement by necessity • Easement by prescription • Easement in gross • ECOA • Economic depression • Economic rent • Effective demand • Effective interest rate • Egress • Egress window • Ejectment • Ejido • Emblements • Eminent domain • Enabling act • Encroachment • Encumbrance • Endorsement – signature on a contract thereby indicating the person's intent to become a party to the contract • Enforceable • Environmental Protection Agency • Equal Credit Opportunity Act (ECOA) • Equitable title • Equity • Equity of redemption • Escheat • Escrow • Escrow account • Escrow agent • Escrow instructions • Escrow payment • Estate – legal term for a person's net worth at any point in time alive or dead • Estate – a very large property (such as country house or mansion) with houses, outbuildings, gardens, supporting farmland, and woods • Estate agent • Estate for years • Estate manager • Estate tax • Estoppel • Et al. • Et ux., Et uxor • Et vir • Evaluation • Eviction • Exclusive agency • Exclusive right to sell • Executed contract • Execution • Executor • Executory contract • Executrix • Exempt – Grandfather clause that allows a pre-existing condition to continue, Tax exemption that legally excludes income or other value to reduce taxable income • Exercise of option • Expectation damages • Express contract • Extended coverage == F ==

• Fair Housing Act of 1968 • Fair Housing Amendments Act of 1988 • Fair market value • Fannie Mae • Fed, the • Freddie Mac • Federal Home Loan Mortgage Corporation (FHLMC or Freddie Mac) • Federal Housing Administration (FHA) • Federal National Mortgage Association (FNMA or Fannie Mae) • Federal Real Estate Board • Federal Reserve System • Fee simple • Fee simple absolute • Fee simple determinable • Fee simple subject to condition subsequent • Feudal system as applicable to real estate • FHA • FHA-insured loan • Field Card • Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) • Fire insurance • FIRREA • First mortgage – as opposed to Second mortgage • Fixed-rate mortgage • Fixer-upper • Fixture • Flat-fee MLS • Flipping • Flood hazard area • Flood insurance • Foreclosure • Four unities • Fraud • Freehold • Freehold estate • For Sale By Owner • FSBO • Functional obsolescence • Future interest == G ==

• General plan • General warranty deed • Gentrification • Ginnie Mae • GNMA • Good faith estimate • Government National Mortgage Association (GNMA or Ginnie Mae) • Graduated payment mortgage • Gramdan • Grant bargain and sale deed • Grant • Grant deed • Grantee • Grantor • Green belt • Ground lease • Ground rent == H ==

• Habendum clause • Habitable • Hard money • Hard money lenders • Hard money loan • Hazard insurance • Heirs, Heirs and assigns • Hereditament • Heterogeneous • Highest and best use • (HOA) • Holographic will • Home construction loan • Home equity line of credit (HELOC) • Home rule • Home-equity debt • Home equity loan • Home inspection – especially Home buyers inspection before closing or Pre-delivery inspection of new construction • Homeowners association (HOA) • Homeowner's insurance • Homeowner's policy • Home warranty • Homestead • Homestead exemption • Homogeneous • Housing association • Housing bubble • Housing tenure • Housing and Urban Development (HUD) • Housing cooperative • HUD • HUD-1 Settlement Statement • Hypothecation == I ==

• IBC • Illusory offer, Illusory promise • ILSA • ILSFDA • Immobility – immovable real estate • Immovable property • Implied contract • Implied warranty • Improved land • Improvements – Home improvement or Land improvement • Inspection • Income approach for appraisal • Income property – real estate rented out to provide income for the landlord • Income shelter • Incompetent • Incorporeal property • Indemnification • Ingress • Inheritance tax • Injunction • Installment land contract • Installment sale • Interest rate • International Building Code (IBC) • Internet Data Exchange (IDX) • Instrument • Insurable interest • Interest • Interstate Land Sales Full Disclosure Act of 1968 (ILSFDA or ILSA) • Intestate • Intestate succession • Invalid • Investing in real estate – Real estate investing, Real estate investment club, Flipping property • Investment • Investment rating for real estate • Investment value • Involuntary alienation • Firm offer == J ==

• Jeonse • Joint and several liability • Joint tenancy • Joint venture • Judgment • Judgment lien • Judicial foreclosure • Junior mortgage – smaller mortgage in addition to the primary mortgage; examples: second mortgage, 80-15-5 piggy-back loan, and home equity loan • Jurisdiction == K ==

• Laches • Land • Land bank, Land banking • Land contract • Land grant • Land lease • Land registration • Land tenure • Land Trust Alliance • Land trust • Landlocked • Landlord • Law of agency • Lawful • Lease • Lease option • Leaseback • Leasehold • Leasehold estate • Legal capacity • Legal description • Legal entity • Legal personality • Legal interest rate – the opposite of Usury • Lenders mortgage insurance • Lessee • Lessor • Leverage • Levy – a fine as penalty, seizure of debtor's property after judgment, financial charge such as tax • Licensee • Lien • Lienee – property owner who grants the lien • Lienor – person who benefit from the lien • Lien holder – person who benefit from the lien • Life estate • Life tenant – owner of a life estate • Like-kind property exchange • Limited liability company (LLC) • Limited partnership • Liquidated damages • Liquidation value • Lis pendens • Listing contract • Litigation • Littoral rights • LLC • LMI • Loan origination fee • Loan-to-value ratio (LTV) • Location • Lot • Lot and Block survey system • LTV == M ==

• Market • Market analysis • Market value • Marketable title • Master plan for community development • Masters of Real Estate Development • Material fact • Materialman's lien • Mechanic's lien • Meeting of minds • Menace • Merger • Metes and bounds • Mill • Millage tax • Mineral lease • Mineral rights • Mini dorm • Ministerial act • Minor • MIP • Misrepresentation • MLS • Mortgage • Mortgage Account Error Correction, see Real Estate Settlement Procedures Act • Mortgage assumption • Mortgage bank, Mortgage banker • MGIC • Mortgage insurance premium (MIP) • Mortgage loan • Mortgage broker • Mortgage Guaranty Insurance Corporation (MGIC) • Mortgage insurance • Mortgagee – borrower • Mortgagor – lender • Multiple Listing Service (MLS) • Mutual agreement • Mutual assent • Mutual mistake • Mutual savings bank == N ==

• NAEA • NAR • NAREB • National Association of Estate Agents (NAEA) • National Association of Real Estate Brokers (NAREB) • National Association of Realtors (NAR) • National Environmental Policy Act (NEPA) • National Flood Insurance Program • Negative amortization • Negligence • NEPA • Net income • Net lease • Net operating income • Notary Public • Note • Niche real estate • Nonconforming use • Notice of lis pendens • Novation • Null and void == O ==

• Obligee • Obligor • Obsolescence • Offer • Offer and acceptance • Offeree • Offeror • Open listing or Open agency • Operation of law • Option • Ordinance • OREO • Origination fee • Other Real Estate Owned (OREO) • Outdated • Overimprovement – building and land improvements that far surpass other local properties • Owner-occupancy • Ownership == P ==

• Parol evidence rule • Participation mortgage • Partition • Partnership • Party wall • Peak land value intersection • Perc test, Percolation test • Percolation • Personal property • PITI • Planned community • Plat • Pledge • Plottage • PLSS • PMI • Pocket listing • Points • Police power • Population density • Positive misrepresentation • Power of attorney • Pre-delivery inspection • Prepaid expenses • Prepayment penalty • Prescription • Prescriptive easement • Preventive maintenance • Price fixing • Pricing • Prima facie • Prima facie case • Primary residence • Prime rate • Principal – the amount of money owed on a mortgage loan • Principal meridian • Principal residence • Private equity real estate • Private mortgage insurance (PMI) • Private property • Privity of contract • Probate • Profit à prendre • Promissory note • Promulgate, Promulgation • Property management • Property manager • Proration • Provision • Public housing • Public property • Public Land Survey System (PLSS) • Public record • Public utility • Punitive damages • Pur autre vie == Q ==

• Quarter section • Quiet enjoyment • Quiet title • Quiet title action • Quiet title proceeding • Quitclaim deed == R ==

• Racial steering • Rate of return • Ratification • Ratify • Rating for real estate investment • Real estate • Real estate agency • Real estate agent • Real estate appraisal (property valuation, land valuation) • Real estate benchmarking • Real estate broker • Real estate brokerage • Real estate bubble • Real estate contract • Real estate development • Real estate economics • Real estate investment trust (REIT) • Real Estate Owned (REO) • Real estate salesperson • Real Estate Settlement Procedures Act (RESPA) • Real estate trading • Real estate trends • Real property • Realtor • Recording • Recourse note • Recovery and Enforcement Act (Financial Institutions Reform, Recovery, and Enforcement Act of 1989, FIRREA) • Redemption • Redlining • Refinancing • Regress • Regulation Z • REIT • Reject • Remainder • Remainderman • Remise • Rent • Rent-back agreement, Rent-back clause • REO • Replacement cost, Replacement value • Repossession • Rescission • Resident manager – Estate manager, Property manager, Building superintendent • Residual income • Restrictive covenant • Revaluation of fixed assets • Reverse mortgage, Reverse annuity mortgage • Reversion • Reversionary interest • Revocation • RICS • Right of first refusal • Right of redemption • Right of survivorship • Right to emblements • Riparian rights, Riparian water rights • Risk management • Royal Institution of Chartered Surveyors (RICS) • Run with the land == S ==

• S corporation • Sale and leaseback • Sales contract • Salesperson – Estate agent, Real estate agent • Salvage value • SAM • Savings and loan association • Scarcity • Scavenger sale • Second mortgage • Secondary mortgage • Secondary mortgage market • Section – unit of land: 640 acres in the U.S., 1 square mile plots in Western Canada, the Alberta Township System • Securitization • Security deposit • Seisin • Seizing • Self-build mortgage • Seller agency • Separate property • Servient estate, Servient tenement • Setback • Settlement costs • Settlement statement • Settlement • Shared appreciation mortgage (SAM) • Sheriff's deed • Situs • Sole proprietorship • Special agent – person acting under a Power of attorney • Special assessment, Special assessment tax • Special warranty deed • Special flood hazard area • Specific performance • Speculation • Spot zoning • Squatter's rights • Starker exchange, Starker Trust • Starter home • Statute of Frauds • Statute of limitations • Statutory foreclosure • Steering • Stigmatized property • Straight–line depreciation • Strata title • Strict foreclosure • Style obsolescence • Sub-agent • Subdivision • Subdivision lot block and tract • Subject-to • Sublease • Sublet • Subordination • Subordination agreement • Supply and demand • Survivorship • Sweat equity == T ==

• Tacking • Tax assessment • Tax basis • Tax credit • Tax sale • Tax shelter • Tax-deductible expense • Tax-deferred exchange • Tenancy by the entirety • Tenancy in common • Tenant • Tenements • Testate – opposite of Intestate • Testator • Testatrix • Theory of value • TILA • Timeshare • Title • Title insurance • Torrens title • Truth in Lending Act of 1968 (TILA) • Township • Tract • Trespasser • Trust deed • Trust deed investment company • Trust • Trustee • Trustor == U ==

• UCC • Underimprovement – building and land improvements that are far below the level of other local properties • Underwriting • Undisclosed principal • Undivided interest • Undue influence • Unencumbered property – a property without any encumbrance • Unenforceable contract • Uniform Commercial Code (UCC) • Uniform Standards of Professional Appraisal Practice (USPAP) • Uniform Vendor and Purchaser Risk Act (UVPRA) • Unilateral contract – contract in which all parties make promises • Unintentional misrepresentation – also called innocent misrepresentation • Unities • Unlike-kind property exchange – opposite of Like-kind exchange • USPAP • United States housing bubble • Urban renewal • Urban sprawl • Urban Land Institute • Usufruct • Usury • Utility == V ==