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!
VA
VA Escape Clause
A clause stating that the buyer (borrower) shall not be obligated to buy nor shall any deposit be lost if the appraisal is less …
VA Escape Clause
A clause stating that the buyer (borrower) shall not be obligated to buy nor shall any deposit be lost if the appraisal is less than the agreed upon amount.
VA Loan
VA Mortgage
A loan guaranteed by The Department of Veterans Affairs These loans are restricted to eligible veterans and require little or no down payment
VA Mortgage
A loan guaranteed by The Department of Veterans Affairs. These loans are restricted to eligible veterans and require little or no down payment.
VA Mortgage Funding Fee
A closing cost either paid in full at closing or financed It is one of the costs to obtain a VA guaranteed loan
VA Mortgage Funding Fee
A closing cost either paid in full at closing or financed. It is one of the costs to obtain a VA guaranteed loan.
Vacancy
A place which is empty (vacant) The term is generally used to describe a property available for rent
Vacancy
A place which is empty (vacant). The term is generally used to describe a property available for rent.
Vacancy and Collection Losses
Estimate as tohow much future income may be lost when abuilding isn’t fully occupied or tenants don’t payrent
Vacancy and Collection Losses
Estimate as tohow much future income may be lost when abuilding isn’t fully occupied or tenants don’t payrent.
Vacancy Factor
The estimated percentage of vacancies in a rental project May be based on past records of the property, or a professional guess if a …
Vacancy Factor
The estimated percentage of vacancies in a rental project. May be based on past records of the property, or a professional guess if a new project. Surrounding area buildings, if similar, may be used for comparison.
Vacancy Rate
Vacant Land
Land without buildings May or may not have improvements, such as grading, sewers, etc
Vacant Land
Land without buildings. May or may not have improvements, such as grading, sewers, etc.
Vacate
(1) To move out (2) A legal term meaning to set aside or annul, as to vacate a judgment
Vacate
(1) To move out. (2) A legal term meaning to set aside or annul, as to vacate a judgment.
Valid
Legally binding Properly carried out in accordance with legal procedures
Valid
Legally binding. Properly carried out in accordance with legal procedures.