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!


See: Quadrant


In the Government Survey method of describing real property, a square area of land 24 miles square (24 miles on each side or 576 …


(1) A quarter section of a circle (2) One of the quarters created by two intersecting roads or streets

Qualified Fee

When a grantor puts a conditionor requirement in the deed and limits the titleto real property Also called: Conditional Fee,Determinable, Fee Simple Defeasible, orDefeasible …

Qualified Fee Estate

An ownership interest in real property that is not absolute See: Defeasible Title; Fee Tail

Qualified Intermediary

The party that facilitates the exchange of property to meet the requirements of IRS Code Section 1031 To be “qualified” the party must not …


The act of determining a prospect’s motivation, then matching his or her needs with the available inventory

Qualifying Ratios

See: Debt Ratio

Quantity Survey Method

Also called “price take-off” method A process of arriving at an estimate of new construction costs by a detailed estimate of quantities of necessary …


See: Quarter Section

Quarter Round

A molding which, in cross-section, resembles a quarter circle

Quarter Section

One quarter of a section A quarter section (commonly called a quarter) contains 160 acres