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!

Base Molding

Molding installed along the top of the baseboard

Base Property

Private property owned by a cattle owner, required before a permit will be issued to allow the cattle to graze on public land

Base Rent

A specific amount used as a minimum rent in a lease which uses a percentage or overage for additional rent

Base Shoe Molding

Molding installed along the bottom of a baseboard (junction with floor) Also called carpet molding or carpet strip

Base Title

The result of an examination of title for the internal use of a title insurance company Usually covers a large area and is done …

Base Year

The year upon which a direct expense escalation of rent is based See also: Escalation Clause (3)

Baseboard

Generally, any board or molding covering an interior wall where it meets the floor

Baseboard Heating

A system of perimeter heating in which the baseboard is replaced by the heating units May also be panels rather than baseboard units

Basement

Generally, the story of a building below ground level

Basic Capacity

In connection with highway use, the greatest number of cars per hour which can pass a given point under ideal driving conditions will give …

Basic Crops

Crops usually subject to government price supports and considered the basis of our agricultural economy, such as wheat, corn, oats, rice, and similar crops

Basis

The purchase price of a property, including all expenses related to the purchase