National Real Estate Exam Glossary — Key Terms & Definitions
- Abstract of title
- Acceleration clause
- Accretion
- Accrued depreciation
- Adjustable-rate mortgage (ARM)
- Adverse possession
- Ad valorem tax
- Agency
- Alienation
- Amortization
- Anticipation
- Appraisal
- Assessed value
- Assemblage
- Appurtenant easement
- Assumption
- Avulsion
- Balloon payment
- Bargain-and-sale deed
- Blockbusting
- Bundle of rights
- Capitalization rate
- CC&Rs
- Chain of title
- Closing Disclosure
- Cloud on title
- Commingling
- Comparative Market Analysis (CMA)
- Contribution
- Constructive notice
- Conventional loan
- Conversion
- Constructive eviction
- Condominium
- Conformity
- Contingency
- Condemnation
- Consideration
- Cooperative
- Cost approach
- Counteroffer
- Covenant
- Deed
- Deed of trust
- Curtesy and dower
- Depreciation
- Defeasance clause
- Disclosure
- Dual agency
- Due-on-sale clause
- Devise
- DUST
- Dominant tenement
- Easement
- ECOA
- Effective gross income
- Eminent domain
- Emblements
- Encumbrance
- Encroachment
- Equitable redemption
- Escheat
- Executory contract
- Estate
- Estate for years
- Exclusive-agency listing
- Exclusive-right-to-sell listing
- Escrow
- Executed contract
- Estoppel
- External obsolescence
- Fee simple absolute
- Fee simple defeasible
- Fair Housing Act
- FHA loan
- Fiduciary
- FIRREA
- Fixture
- Functional obsolescence
- General warranty deed
- Foreclosure
- Gross lease
- Gross rent multiplier (GRM)
- Ground lease
- Habendum clause
- Highest and best use
- Homestead
- Hypothecation
- Implied agency
- Intestate
- Inverse condemnation
- Involuntary alienation
- IRV formula
- Joint tenancy
- Leasehold estate
- Lead-based paint disclosure
- Lien
- Lien theory
- Listing agreement
- Life estate
- Liquidated damages
- Lis pendens
- Littoral rights
- Loan-to-value ratio (LTV)
- Market value
- Marketable title
- Loyalty
- Material fact
- Mechanic's lien
- Metes and bounds
- Mill
- Mortgagee
- Mortgagor
- Mortgage
- Net lease
- Net listing
- Net operating income (NOI)
- Nonconforming use
- Novation
- OCEAN
- OLD CAR
- Partition
- Open listing
- Percentage lease
- PITI
- Periodic tenancy
- Plottage
- Points (discount points)
- Police power
- Prescription
- Progression
- Promissory note
- Principal
- Procuring cause
- Private mortgage insurance (PMI)
- Proration
- Puffing
- Pur autre vie
- Purchase money mortgage
- Real property
- Reconciliation
- Race-notice statute
- Recording
- Quitclaim deed
- Redemption
- Reproduction cost
- Replacement cost
- Remainder
- Regression
- Redlining
- Secondary mortgage market
- Riparian rights
- Sales comparison approach
- RESPA
- Reversion
- Special assessment
- Servient tenement
- Special-use permit
- Severalty
- Special warranty deed
- Specific performance
- Sublease
- Statute of frauds
- Spot zoning
- Steering
- Subordination clause
- Testate
- Substitution
- Tenancy at sufferance
- Subrogation
- Title theory
- TILA
- Title insurance
- Torrens system
- Tenancy at will
- Tenancy by the entirety
- Tenancy in common
- TRID
- Underwriting
- Trade fixture
- USPAP
- Usury
- Variance
- Void / voidable
- Will
- Zoning
- Voluntary alienation