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!

Income Property

Property which produces income, usually from rental May also include any property not entirely owner occupied

Income Tax Lien

See: Tax Lien (2)

Incompetent

One who is mentally or physically unable to handle his property without help A court will appoint someone to handle the financial affairs of …

Incorporate

To create a corporation

Incorporeal right

A nonpossessory right in real estate

Incorporeal Rights

Rights to intangibles, such as legal actions, rather than rights to property (rights to possession or use of land)

Increase Clause

See: Escalation Clause

Increasing And Diminishing Returns

An economic theory that an increase in capital or manpower will not increase production proportionately (five workers may do less than five times the …

Increasing returns

The principle that applies when increased expenditures for improvements to a given parcel of land yield an increasing percentage return on investment

Increment

An increase or growth, gained or added, such as a population increase

Incumbrance (Encumbrance)

A claim, lien, charge, or liability attached to and binding real property Any right to, or interest in, land which may exist in one …

Incurable Depreciation

1 A defect that would cost more to fix than the increase in value it would bring 2 A defect that is not financially …