Free Real Estate Vocabulary Flashcards

Pass the real exam by knowing all of the vital real estate vocabulary terms that are crucial to passing the real estate licensing examination. Study all of the important real estate glossary terms and definitions, and pass with confidence!

G.I. Loan

See: Veteran’s Administration (VA) Loan

GAA

See: General Accredited Appraiser

GAAP

See: Generally Accepted Accounting Principles

Gabel

Rent A seldom used term

Gable

The exterior wall surface, triangular in shape, formed by the inclined edges of a ridged roof (gable roof)

Gable Roof

A ridged roof, having two sloping edges which, at the ends of the ridge, form a gable

Gain

Profit Important for tax purposes when realized from the sale of a capital asset See also: Capital Gain

Gallery

(1) A covered walkway, open on one side, running along an upper story of a building, either inside or outside (2) The highest theater …

Gallon

A liquid measure of 231 cubic inches or 4 quarts See also: Imperial Gallon

Gambrel Roof

A ridged roof, each side having two slopes, the lower of which is more inclined

Gap

A defect in the chain of title of a particular parcel of real estate; a missing document or conveyance that raises doubt as to …

Gap Commitment

A commitment to loan the difference between the floor amount of a take out loan and the full amount The commitment is issued to …