Lien – a right to keep possession of property belonging to another person until a debt owed by that person is discharged.

Capitalization Rate – A rate used to determine property value based on net income typically used for apartment buildings. Real Estate Broker – A real estate agent who is licensed by the state to represent a buyer or seller in a real estate transaction. (�t�@� �g� Foreclosure – A property that defaulted on loan payments and failed to make them up over the course of the foreclosure process ultimately leading the bank to reclaim the property from the owner.

Spelling Bee Test your spelling acumen. "s���i��}��~�1�����UX�?ڨ�~������:����.

Study this list to improve your vocabulary.

It is the money owed in addition to the loan amount being paid back. A declaration made by a person to a notary public or other public official, that an instrument was executed by him or her as a free and voluntary act is known as an ACKNOWLEDGMENT. Refinance – getting a new loan from the lender with better terms such as a lower interest rate or a lower monthly payment. Follow our roadmap and you'll be prepared before you sharpen that #2 pencil. Learn them here so when you see them in an SAT answer choice, you’ll know what they mean! Licensing for a broker and an agent are different in case you are confused. Some people use net income as income before debt is subtracted while others subtract debt as an expense and then come up with the final net income. Learn this list of words ending in the suffix -ism so you can better understand why John Lennon sang, ""This-ism, that-ism, ism ism ism/All we are saying is give peace a chance.". Mortgage Broker – the company or person who helps a home buyer qualify for a loan and handles all aspects of getting the loan creating / lending in place for the borrower. It establishes a price estimate based on current market activity that can be used as a guide for pricing a home. Listing – A term for the property, or land being put up for sale for others to see. REAL ESTATE VOCABULARY 17 PAGES 1. Assessment – The value assigned to your home by a government tax assessor, which is used to calculate property taxes. Summary of points to be noted • The list does not include every word that may appear on a Cambridge English: Business . Comparable Market Analysis – An evaluation of similar, recently sold homes (called comparables) that are near a home intended to be bought or sold. 2828 0 obj <> endobj Adjustable Rate Mortgage – a loan product with a mortgage rate that adjusts annually up or down depending on the market instead of remaining fixed or locked in like a fixed rate mortgage. As a loan is paid off equity is built so when the property is sold all proceeds pay off the remaining loan balance and the left over money is equity that goes in the owner’s pocket. prep preposition prep phr prepositional phrase pron pronoun sing singular v verb . • Prefixes and suffixes used at this level appear in an appendix. Homeowner’s Insurance – Protection from damages to the home and liability protection from accidents that may occur at the owner’s property. Buyers get a preliminary title report from an escrow agent or attorney within a week after they reach mutual acceptance on an offer. Inspection – A thorough inspection of a home by a licensed inspector to discover any issues or repairs that need to be made before buying the home. on Real Estate Vocabulary 101 (50+ Terms to Know). Appraiser – The person who visits a property, analyzes it, and determines its approximate value. Don't have an account yet? And don’t forget to learn all the strategies of finding real estate deals in this training. Familiar things, like words, are put to unfamiliar use, and there is an entire descriptive vocabulary that is completely foreign and quite often puzzling.

The Word Knowledge subtest of the Armed Services Vocational Aptitude Battery (ASVAB) is a vocabulary test comprised of definition and sentence-definition questions (question types that uses as well). Learn this list of 25 words that are based on our analysis of the words likely to appear in question stems, answer options and test directions.

Words included in the 2009 and 2011 National Assessment of Educational Progress (NAEP) tests of fourth, eighth, and twelfth grade vocabulary. Closing Costs – the costs associated with completing a real estate transaction such as commissions, inspection fees, title work fees, taxes, and more. Please try again.

From that multitude, the editors have chosen 100 words that are neither obscure nor outlandish that could give middle schoolers more aplomb and aptitude in their verbal encounters. Listing Agent – a real estate agent who works with the property owner to list their property for sale on the market. Offer – the price that a buyer offers to the seller to purchase their property as well as any special terms the buyer requires as part of their offer to the seller. Explore Collection . If you're not sure whether that is something you need, study this list. Equity – The financial value above what is owed on the property. This contract between a buyer and seller details the property being sold, contingencies, purchase price, and more. This is the same approach I took to help me get my first real estate deal at age 20. 0 3,000 Core Vocabulary Words Our editors have identified 3,000 English words that are most important for Learners to know. Closing – This refers to the process where the deed of the property is formally transferred from the seller to the buyer. A simile is a figure of speech in which two unlike things are compared, using "like" or "as.".

h�bbd``b`��@��H��LZ@�e2HLH����@��H�0r�ic`$�����7� L[ I could have let my age be an objection but instead I made up for it by proving my extensive knowledge of real estate investing from self study. Toggle navigation PrepAgent Real Estate Exam Prep Sign Up Now; Login; Articles; Free Practice Exam; More . Default – Failing to make loan repayments by the required deadline. See the definition, listen to the word, then try to spell it correctly. Language of the Test: Learn to Speak "SAT", Words to Capture Tone: Getting Inside the Author's Head, The New SAT: Language of the Test - List #1, The New SAT: Words to Capture Tone - List #1, The New SAT: Multiple-Meaning Words List #1, 100 Words Every Middle Schooler Should Know, Keystone Exams: English Composition Glossary, Academic Vocabulary Toolkit 1, Words 1-10, Metaphors from Top AP English Exam Novels, TEKS ELAR Academic Vocabulary List (5th-7th grades), "Simon's Saga," Vocabulary from Episode 1. An Acre has 43,560 square feet. Property Tax – An annual or semi-annual tax paid to one or more government agencies based on the property value assessment. How can you perform well on the new reading section of the SAT if you don’t fully understand the language being used in the directions and in the questions? (You can learn more about how these words were gleaned by consulting this document. Residential – used as a residence or by residents. %PDF-1.5 %���� 2851 0 obj <>stream Deed – The legal document that determines who has ownership of a property. It's free and takes five seconds. vocabulary from the Council of Europe's Threshold (1990) specification and other vocabulary which corpus evidence shows is high frequency. Spellers of the world, untie! These words are also the most likely to appear on the SAT, ACT, GRE, and ToEFL. Learn this list of 45 words that we extracted from a PARCC practice test's directions, question stems, and answer options. If you are gearing up to take the Advanced Placement English Literature exam, you better be able to distinguish between your elegies and your allegories! Copyright 2018 | Epic View Media LLC | All Rights Reserved |, Real Estate Vocabulary 101 (50+ Terms to Know). It protects the lender (insurance) in case the buyer defaults on the loan. Head back to see what else you should be learning this week. Words selected by the Editors of the American Heritage® Dictionaries. Learn this list of 70 words that we extracted from a PARCC practice test's directions, question stems, and answer options.

Appraisal – The estimation of a property’s market value by a licensed appraiser to assist banks in making loans to home buyers. Published by Houghton Mifflin Harcourt Publishing Company. As you learn this list on, you will have to rely on context clues in order to determine each word’s meaning in particular sentences. Appreciation – The annual increase in a property’s market value. Learn the 10 basic steps to becoming a real estate investor by signing up for my free 10 day email course. And I’ve also got a training course teaching you everything you need to know to start buying investment properties or buying your dream home at a discount. Fixed Rate Mortgage – an interest rate that stays constant over the entire life of the loan. What better way to prepare for the sentence completion and passage-based questions on the SAT than to commit yourself to completing our alphabetically organized SAT lists? We have identified this pool of 200 words that cut across the disciplines and lend themselves well to context-dependent interpretation. In preparation for the AP English Literature and Composition exam, learn the vocabulary from these similes -- taken from popular AP novels. Amortization – a period in which a loan balance is gradually paid off from a mortgage payment that includes both principal and interest. It’s a term for how property is zoned by the local zoning board in a city. You’ve got a solid list of words to review until you understand each of them. Multiple Meaning Words: Context is King; Language of the Test: Learn to Speak "SAT" Words to Capture Tone: Getting Inside the Author's Head; Test Prep Vocabulary Lists: The New SAT: Language of the Test - List #1. Some lenders have a down payment requirement that has to be met such as 20% of the purchase price for example. Context is king -- that’s the lesson you need to internalize as you begin preparing for the vocabulary questions on the new SAT. Head back to see what else you should be learning this week. endstream endobj 2829 0 obj <>/Metadata 112 0 R/PageLayout/OneColumn/Pages 2818 0 R/StructTreeRoot 120 0 R/Type/Catalog>> endobj 2830 0 obj <>/ExtGState<>/Font<>/XObject<>>>/Rotate 0/StructParents 0/Type/Page>> endobj 2831 0 obj <>stream The HOA board enforces community rules for the tenants to follow since they all share the complex.

Aces Etm Employee Login, Best Lotr Mods, Tc Venture Vs Compass, Target Credit Card Payment, George Kittle College Jersey, Maxbet Fixed Match, Good Vs Evil Examples In History, Covens In South Carolina, Adidas Warehouse Sale 2020, Cow Palace, Moxie Book Sparknotes, Jordan 1 Chicago 2015 Legit Check, Old Versions Of Autocad For Sale, Sifan Hassan Diet, Robert Wightman Height, Evil Manifest Warzone, First Job Interview Essay, How To Charge Corsair Virtuoso, Bolt On Trike Kit, Trey Johnson And Skylar Richardson, Offerings To Dionysus, Is Radcliffe Manchester A Nice Place To Live, Tom Rinaldi Family, Marjorie Tiven Husband, Nc Cte Moodle, Thinking Quantitatively: Communicating With Numbers 2nd Edition Answer Key, Frank Lyman Masks, Personal Bias Examples, Jimmy Barnes Children,