Glossary

The US Realty knowledge base.

Acre

Addendums

Adjustable Rate Mortgage (ARM)

Agency

Agent

Amortization

Appraisal

Appraiser

Assessed Value

Assessed Value

Assessment

Balloon Mortgage

Bill of Sale

Binder

Bridge Loan

Broker

Broom Clean

Building Code

Building Permit

Buyer’s Agent

Capital Gain

Clear Title

Closing

Closing Costs

Cloud on Title

Commission

Commitment Letter

Comparables

Competitive Market Analysis (CMA)

Contingency

Contract

Conventional Mortgage

Counteroffer

Covenant

Curb Appeal

Debt-to-Income Ratio

Deed

Deposit

Disclosure

Discount Brokers

Down Payment

Earnest Money

Easement

Equity

Escrow

Fair Housing Act

Fannie Mae or Federal National Mortgage Association

Financing Costs

Fixture

Foreclosure

FSBO

Home Inspection

Home Owners Association (HOA)

Home Warranty

House Flyer

Interest Rate

Jumbo Loan

Lead Paint Disclosure

Lease Option

Legal Description

Lien

Loan

Loan to Value

Lot and Block

Lot and Block System

Mechanic’s Lien

Mill

Mortgage

Mortgage Broker

Offer

Open House

Origination Fee

Personal Property

Point

Power of Attorney

Pre-approved

Prepayment Clause

Prepayment Penalty

Prequalified

Principal

Private Mortgage Insurance (PMI)

Property Tax

Purchase Agreement

Radon

Rate Lock

Realtor

Release

Sales Comparison Approach

Sales Contract

Security

Seller Financing

Seller’s Disclosure

Septic System

Settlement Statement

Time is of the Essence

Title

Title Insurance

Title Search

Walk-through Inspection

Zoning