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!

GEM

See: Growing Equity Mortgage

General Accredited Appraiser

A designation awarded by the NATIONAL ASSOCIATION OF REALTORS to a member who is a state certified General Appraiser and has the required additional …

General Agent

A person authorized to handle a principal’s affairs in one area or in specified areas

General Benefits

In condemnation, benefits accruing to property not taken, but which benefits are caused by the taking

General contractor

A construction specialist who enters into a formal construction contract with a landowner or master lessee to construct a real estate building or project …

General Index (G.I.)

A title insurance company term for the books used to find liens against individuals which may effect real property, but which are not recorded …

General lien

A lien on all real and personal property owned by a debtor

General Mortgage

See: Blanket Mortgage

General Overhead Costs

See: Indirect Construction Cost

General Partner

A member of a partnership who has authority to bind the partnership and shares in the profits and losses A partnership must have at …

General Partnership

A partnership made up of general partners, without special (limited) partners See also: Limited Partnership; Partnership

General Plan

See: Master Play