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!

Abatement

A reduction or decrease Commonly used to describe a decrease of assessed valuation of property for ad valorem taxes When used regarding wills, it …

Abc Soil

Soil having distinct A (upper), B (middle), and C (lower) horizons (layers of soil)

Abscissa

The horizontal axis of a curve; the vertical axis being the ordinate The terms are used in connection with charts and graphs

Absentee Landlord

A lessor of real property (usually the owner) that does not occupy all or a portion of the property

Absentee Owner

An owner of property who does not occupy said property

Absorption

The filling of space, such as the rental of units or sale of a tract The time or rate must be estimated and considered …

Abstract

A summary; an abridgement Before the use of photostatic copying, public records were kept by abstracts of recorded documents

Abstract Continuation

See: Supplemental Abstract

Abstract Extension

See: Supplemental Abstract

Abstract Of Judgement

A summary of the essential provisions of a court judgement, which when recorded in the county recorder’s office, creates a lien upon the property …

Abstract of title

A condensed version of the history of a title to a particular parcel of real estate as recorded in the county clerk’s records; consists …

Abstracter’S Certificate

A certificate contained in an abstract which shows the time period and scope of the search of public records done by the abstracter