Real Estate Terms, Explained
We’re proud to launch our brand new Real Estate Glossary! It takes the confusing and confounding terms of real estate and gives them easy-to-understand, real world explanations. At least that’s our intent! Think we could do a better job? Know of a term we should add to the real estate glossary? LET US KNOW! Seriously, please leave a comment with your input – thanks in advance!
Our Real Estate Glossary
We’ve broken it down here into four categories: Real Estate People, Searching for and Marketing the Home, the Offer & Due Diligence, and Closing. Or use the search bar. Or just browse. Have fun!
Real Estate People
Real Estate Agent (aka Real Estate Broker, aka Realtor)
Searching for and Marketing the Home
Comps (or Comparables)
Multiple Listing Service (or MLS)
Offer & Due Diligence
Preliminary Title Report (or Title Commitment)
Selling Office Commission (or SOC)