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!

Accessory Apartment

An apartment within a single-family dwelling

Accessory Buildings

Structures used for the benefit of a central or main building, such as a tool shed, garage, or similar structure

Accessory Use

The use or occupancy incidental or subordinate to the principal use or occupancy of a property

Accommodated Room Night Demand

The annual number of hotel (or motel) rooms occupied in a given market area

Accommodation Party

Person who lends his name to help secure credit for another, by signing a note or other obligation without receiving consideration

Accommodation Recording

The recording of documents with the county recorder by a title insurance company, without liability (no insurance) on the part of the company, but …


One who acts to facilitate an exchange under the rules of Section 1031 of the Internal Revenue Service Code The proper terminology is a …


An agreement by which one accepts something different (usually less) from what is owed as full satisfaction The amount owed may be in dispute …

Accord And Satisfaction

The agreement (accord) and acceptance (satisfaction) by creditors of less than the full amount owing on a debt


In an agency relationship, the agent’s fiduciary duty to account to the principal

Accounts Payable

Money owing The term is generally used in business rather than personal finances Usually represents services or materials, such as wood, bricks, payment of …

Accounts Receivable

Money owed to a business for goods or services Accounts receivable may be sold or borrowed against Many times the sale of accounts receivable …