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!

Federal Open Market Committee (FOMC)

Body that controls the Fed’s sale and purchase of government securities, and that is made up of the seven members of the Federal Reserve Board, …

Federal Reserve

The government banking agency that sets interest rates for borrowing among banks and regulates government monetary policy The rates that banks pay for money …

Federal Reserve Board (the Fed)

Body responsible for US monetary policy, maintaining economic stability and regulating commercial banks

Federal Revenue Stamps

Also called IRS stamps A transfer tax of $ 55 per $500, based on the sale price of real estate (less remaining loans) The …

Federal Road

See: Interstate Highway System

Federal Savings And Loan Association

A federally chartered institution for savings and home mortgages, under the regulation of the Federal Home Loan Bank Board

Federal Savings And Loan Insurance Corporation (FSLIC)

A federal corporation which insured deposits of thrift (savings and loan) associations The Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) transferred …

Federal Tax Lien

A lien attaching to property for nonpayment of a federal tax (estate, income, etc) A federal tax lien differs from other liens in that …

Federally Insured Reverse Mortgage

A reverse mortgage guaranteed by the federal government; also called a Home Equity Conversion Mortgage (HECM)

Fee

(1) Modernly, and not in strict legal terms, synonymous with fee simple or “ownership” (2) A charge made by a landlord to a tenant, …

Fee Appraiser

An independent contractor, not an employee of the company requesting the appraisal

Fee on Condition

Defeasible fee that may be assigned and terminated by the grantor upon the occurrence of an event