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!

Name Change

In conveyancing, setting forth both the present name of the grantor and the name under which said grantor acquired title, if different For example: …

Nar (National Association Of Realtors®)

An association of people engaged in the real estate business Organized in 1908, it currently lists over half a million members With headquarters in …

Nareb (National Association Of Real Estate Boards)

A national trade association whose members include not only real estate brokers, but appraisers, property managers, and other affiliated groups

Narrative Appraisal

The most detailed of the appraisal reports in which conclusions are supported and explained The requirements for reaching said conclusions, however, do not differ …

Narrative Report

A type of appraisal report thatprovides the most detailed analysis, as it allowsthe appraiser to comment fully on the opinionsand conclusions of the appraisal

National Association Of Real Estate Brokers

An organization dedicated to the betterment of the real estate industry and speci-fically to the role of blacks in the real estate industry It …

National Association of REALTORS® (NAR®)

America’s largest trade association, representing13 million members involved in all aspectsof the residential and commercial real estate industries, including brokers, salespeople,property managers, appraisers, and …

National Priorities List

The list of sites which the Environmental Protection Agency considers the most hazardous and are not being used (usually abandoned) The list relies on …

Natural Attachments

Things growing on a piece ofland, such as trees, shrubs, or crops; consideredpart of real property while growing and personalproperty when removed Compare: Fixture

Natural Disaster

See: Act of God

Natural Finish

A finish which retains the color and appearance of the surface covered, such as varnish over wood, rather than paint

Natural Person

A human being rather than some type of business entity, such as a corporation, partnership, etc