An assessment of the value of a residential property, typically conducted by a professional appraiser.

The final step in a residential real estate transaction where ownership of the property is transferred from the seller to the buyer, and all financial obligations are settled.

An evaluation of similar recently sold residential properties in the area to help determine the market value of a property.

The initial payment made by the buyer when purchasing a residential property, typically a percentage of the total purchase price.

A deposit made by the buyer of a residential property to demonstrate their serious intention to purchase, typically held in escrow until closing.

An evaluation of the condition of a residential property, usually conducted by a licensed inspector, to identify any issues or defects that may affect its value or safety.

A residential property that is available for sale or rent, typically represented by a real estate agent or broker.

A loan used to finance the purchase of a residential property, secured by the property itself.

The process by which a lender evaluates a borrower's creditworthiness and determines the maximum amount they are willing to lend for a mortgage on a residential property.

Insurance that protects the lender or buyer of a residential property against any defects in the title, such as liens or encumbrances.

A legal agreement between a landlord and a tenant for the rental of commercial property, specifying the terms and conditions of the lease.

A measure used to evaluate the potential return on investment of a commercial property, calculated by dividing the property's net operating income by its purchase price or value.

A lease agreement for commercial property where the tenant is responsible for paying property taxes, insurance, and maintenance costs in addition to rent.

A loan used to finance the purchase or development of commercial property, typically secured by the property itself.

A licensed professional who specializes in representing clients in the buying, selling, or leasing of commercial properties.

 A licensed professional who assists clients in the buying, selling, or leasing of commercial properties, often working under the supervision of a broker.

The total area of land, typically measured in acres, that is included in a real estate transaction.

Local zoning laws and regulations that dictate how land can be used and what types of structures can be built on it.

A professional survey of a parcel of land to determine its boundaries, size, and topographical features.

Land that does not have any structures built on it and is available for development or other use.

A contract between a seller and a real estate agent or broker that outlines the terms and conditions of the agent's representation of the seller in the sale of their property.

A document completed by the seller of a property that discloses any known defects or issues with the property to potential buyers.

A financing arrangement where the seller of a property provides financing to the buyer, typically in the form of a mortgage or installment sale contract.

A real estate agent who represents the interests of the buyer in a real estate transaction, assisting them in finding and purchasing a property.

A real estate market condition where there are more properties available for sale than there are buyers, giving buyers more negotiating power.

The process of investigating and evaluating a property before purchasing it, including conducting inspections, reviewing documents, and assessing its financial viability.

A licensed professional who assists clients in buying, selling, or renting residential or commercial properties, typically working under the supervision of a broker.

A licensed professional who has completed additional education and training requirements beyond those of a real estate agent and who can own or manage a real estate brokerage, supervising agents and handling more complex transactions.