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real estate
real estate
18
General Vocab
12th Grade
06/15/2020

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Cards

Term
Brokerage
Definition
closing completion of transaction.
Term
brokerage
Definition
closing transaction
Term
appraisal
Definition
professional opinion on the value of a house
Term
mortgage lending (rmlo's)
Definition
provides money loans to people or places.
Term
commercial real estate
Definition
building properties such as buildings (any property with 5 or more units)
Term
residential real estate
Definition
houses apartments
Term
nar
Definition
national association of realtors
Term
ccim
Definition
commercial real estate institute basically a support group.
Term
sior
Definition
training for office and sales manangers
Term
icsc
Definition
group for shopping center commercial group
Term
boma
Definition
building owners and managers association. managing office building and developers.
Term
indestructibility
Definition
can't be destroyed
Term
non homogeneity
Definition
no 2 pieces pf land are the same.
Term
immobility
Definition
land can be moved
Term
scarcity
Definition
supply and demand
Term
modification
Definition
man made changes to property that increase value.
Term
fixity
Definition
land +additions taking longer periods to pay for aquuisations
Term
situs
Definition
location. surround area increases the property value. ex parks amusement
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