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Nov 13, 2023 · Whether you're a veteran agent or total rookie, you need to be able to explain these real estate terms and definitions to clients.
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- Note: Letters of the alphabet without a relevant term are not listed.
- Adjustable-rate mortgage (ARM): A mortgage loan with an interest rate that can change throughout the loan’s lifetime.
- Agent: A real estate professional that is legally licensed to buy and sell property on behalf of their clients. An agent cannot operate independently, they must work under a licensed broker.
- Amortization: The process of gradually reducing mortgage loan debt over time by establishing scheduled monthly payments. The interest payment of an amortized loan will decrease as time goes on, while the principal payment will increase.
Feb 18, 2021 · Phase 1: Recovery. The recovery phase is the first stage of the real estate cycle after a recession. Low occupancy rates, tepid demand for housing, declining numbers of development projects, and stagnant rental growth are some common indicators in this phase.
Aug 22, 2021 · Many researchers believe that real estate cycles last anywhere from 10-18 years. The four phases include Recovery, Expansion, Hyper Supply and Recession. Jobs lead to an increase in real estate prices and demand for residential rental units.
- According to studies, real estate life cycle stages last anywhere from 10 to 18 years. However, predicting their duration is difficult; some can go...
- The buy phase in a real estate market cycle is also referred to as the recovery phase as “Buyer Phase 1”. This is a wonderful buying moment because...
- Like the real estate market cycle, the economic or business cycle also moves in 4 stages. They are (1) peak, (2) recession, (3) trough, and (4) exp...
May 31, 2024 · Learn about the average real estate appreciation rate, how to calculate it, and see specific tips to maximize your home's value.
- Richard Haddad
In this article, we provide a list of some of the most common real estate terms and definitions sourced from, “ The Language of Real Estate 8th Edition.” Knowing these definitions should give you a good head start in your course—and maybe even impress your instructor.
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Nov 9, 2022 · Here’s a glossary of the most common real estate terms, with definitions. So you need never be mystified again.