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!

Waste, Act of

Destruction, damage, or materialalteration of property by someone in possessionwho holds less than a fee estate (such as a lifetenant or lessee)

Wasteland

Land that is not economically feasible for development The land may have great environmental value, such as swampland that supports wildlife

Wasteline

A line carrying waste from any kitchen or bathroom fixture except a toilet

Wasting Assets

Assets which, by use or lapse of time, are consumed or reduced in book value, irrespective of market fluctuation Includes oil, minerals, patent rights, …

Wasting Property

See: Wasting Assets

Water Level

The surface height of a body of water as measured by a point on the shore See also: Water Mark

Water Mark

A mark on the shore indicating the highest point to which a body of water will normally rise (high-water mark) and also the lowest …

Water Power

The power created by the fall of a stream across one’s land, the riparian owner being entitled to its utilization

Water Repellant

A chemical compound, in liquid form, which penetrates wood or other materials and prevents absorption of moisture or water into said materials

Water Rights

Any right to the use and/or control of water, whether for irrigation, hydro electric power, personal use, etc (See: Riparian Rights)

Water Table

(1) The depth, measured from the surface, at which natural underground waters are found (2) A ledge to aid the run-off of rainwater, built …

Water-Gage

A sea wall to restrain water from overflowing