Glossary of Real Estate Terms and Definitions

A Glossary of Real Estate Terms and Definitions – Be Clear Before You Buy

Real estate transactions use legal contracts governed by legislation in the jurisdiction where they occur and real estate law and legal terms used vary from place to place. This glossary is intended to give the reader with a general understanding of real estate terms, not provide an exhaustive dictionary of legalese. If the reader intends to become involved in a real estate transaction he or she should seek qualified legal advice in the geographic area where the transaction will occur. In the meantime, read and learn.

These are the basic terms used in conducting a real estate transaction. You can now feel comfortable with some of the sometimes confusing vocabulary used by the real estate industry during the normal course of business.