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!

T-Bills

See: Treasury Bills

Tacking

(1) Annexing a lien to one superior to it in order to gain the priority of the superior lien and defeat an intermediate lien …

TAH (Targeted Affordable Housing)

See: Multifamily Affordable Housing

Take Out Commitment

Agreement by a lender to place a long term (take out) loan on real property after completion of construction

Take Out Loan

The “permanent” (long term) financing of real estate after completion of construction

Takeout Loan

A loan that is used to pay offa construction loan when construction iscomplete

Taking

As a legal term, it is used to describe acquisition such as taking by will; it is most commonly used as a real estate …

Talus

Rocks at the foot of a hill or other slope, which accumulate by sliding or rolling down the slope from the action of wind, …

Tandem Plan

A method of keeping home financing active by the purchase of mortgages by GNMA (Government National Mortgage Association) at face value (par), for resale …

Tangible Property

See: Corporeal Property

Tangible Value

Value in appraisal of the physical value (land, buildings, etc), as opposed to the value of an intangible, such as a favorable lease

Targeted Affordable Housing

See: Multifamily Affordable Housing