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!

Latitude

North-South distance above a meridian as measured from the equator

Laundromat

A business which provides, at its location, laundry equipment (coin operated) for self service use by the public

Lavatory

(1) A basin or sink for washing one’s hands and face (2) A room containing a sink and toilet

Law Day

(1) The day (date) in a note, mortgage, etc, when the debt is to be paid (2) A holiday honoring the law and legal …

Lawful Objective

A legal purpose

Layout

(1) The arrangement or plan of any given area, such as the rooms within a structure (2) The plans (drawings) showing the arrangement of …

Leaching

Removal of liquid waste material from sewage by filtration through sand, gravel, tiles, stones, etc

Leaching Trenches

Ducts, either dug in ground having filtration qualities (gravel, sand, etc), or in which filtration materials are placed to remove the liquid waste from …

Lead

A toxic metallic element found in paint, dust, water, and the ground

Lead Agency

The agency under the State Environmental Quality Review Act principally responsible for determining whether an environmental impact statement is required in connection with the …

Leader

The metal conduit carrying rainwater from a roof to a sewer or the ground

Lean-To

(1) A shed, abutting the wall of another structure, with three walls and a sloping roof (2) A free standing structure of three walls …