Real Estate Words Glossary Archive


Redlining

Saturday, December 15th, 2007
Practice of refusing to make loans in certain neighborhoods. Also applies to insurance companies that refuse to offer policies in certain neighborhoods.


Recording

Saturday, December 15th, 2007
Entering or recording documents affecting or conveying interests in real estate in the recorder's office; until recorded a deed or mortgage generally is not effective against subsequent purchases or mortgage liens.


Realtor

Saturday, December 15th, 2007
A real estate broker or agent who is a member of the National Association of Realtors, a professional real estate group that subscribes to a Code of Ethics. Not every broker or agent is a Realtor, a word that is a registered trademark and always capitalized.


Real property

Saturday, December 15th, 2007
Land and buildings and anything permanently attached to them.


Real estate tax

Saturday, December 15th, 2007
See property tax.


Real estate salesperson

Saturday, December 15th, 2007
Person who has passed a state examination for that position, and must work under the supervision of a broker.


Real estate investment trust (REIT)

Saturday, December 15th, 2007
Entity that allows a very large number of investors to pool their money in the purchase of real estate, but as passive investors. The investors do not buy directly. Instead, they purchase shares in the REIT that owns the real estate investment.


Real estate broker

Saturday, December 15th, 2007
Individual who has passed a state broker's test and represents others in realty transactions. Anyone having his or her own office must be a broker.


Real estate

Saturday, December 15th, 2007
The land itself and everything extending below and above it, including all things permanently attached, whether by nature or by man.


Quit-claim deed

Saturday, December 15th, 2007
A conveyance by which the grantor transfers whatever interest he or she has in the real estate without warranties or obligations.


© RISMedia 2009. All Rights Reserved