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!
Package mortgage
A method of financing in which the purchase of the land also finances the purchase of certain personal property items
Package mortgage
A method of financing in which the purchase of the land also finances the purchase of certain personal property items.
Package Policy
Two or more lines of coveragecombined into one insurance policy AHomeowners policy is a true package policybecause it combines property insurance withliability insurance
Package Policy
Two or more lines of coveragecombined into one insurance policy. AHomeowners policy is a true package policybecause it combines property insurance withliability insurance.
Package Trust Deed
Pad
The foundation of slab construction Specifically used to describe where a mobile home is placed or a condominium is built, but can be generally …
Pad
The foundation of slab construction. Specifically used to describe where a mobile home is placed or a condominium is built, but can be generally used for any slab or land under a building.
Paired Data Analysis
Paired Sale
An appraisal procedure comparing only 2 properties, usually with only one major difference
Paired Sale
An appraisal procedure comparing only 2 properties, usually with only one major difference.
Pane
The glass portion of a door or window
Pane
The glass portion of a door or window.
Panel
(1) A section, raised, lowered, or level, of a wall, ceiling, fence, etc, self contained, and usually in a border or frame (2) Sheets …
Panel
(1) A section, raised, lowered, or level, of a wall, ceiling, fence, etc., self contained, and usually in a border or frame. (2) Sheets of gypsum, plywood, or other materials in similar form.
Panel Heating
Space heating by electric coils, hot air, hot water, or steam pipes, which are built into walls, ceilings, or floor panels Also called radiant …
Panel Heating
Space heating by electric coils, hot air, hot water, or steam pipes, which are built into walls, ceilings, or floor panels. Also called radiant heating.
Panel Wall
Paper
A mortgage, deed of trust, or land contract, which is given instead of cash A seller would take back “paper” if he or she …
Paper
A mortgage, deed of trust, or land contract, which is given instead of cash. A seller would take back “paper” if he or she received a mortgage, deed of trust, or land contract as part of the purchase price.
Par
(1) Average, equal, normal, etc (2) Face value, as in negotiable instruments
Par
(1) Average, equal, normal, etc. (2) Face value, as in negotiable instruments.