Real Estate Exam Vocabulary Worksheet PDF Form
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People also ask
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What are the three most important words in real estate?
There is an old adage, that the three most important words in real estate are 'Location, Location, Location'. -
What are the terms in real estate?
General real estate terms As-is. Buyer's agent/listing agent. Closing. Closing costs. Days on market (DOM) Due diligence. Escrow holder. Homeowner's association (HOA) -
What are the concepts of real estate?
Real estate has seven specific characteristics related to its economic impact or physical nature. They are scarcity, improvements, location, investment permanence, uniqueness, immobility, and Indestructibility. A real estate property can be classified into residential, commercial, industrial, or land. -
What is the letter E in real estate?
E. Earnest money: A cash deposit paid by the buyer during a real estate contract to indicate they are serious about purchasing the property. Sometimes called a good faith deposit. Equity: A measure calculated by taking the market value of a property and deducting the amount still owed on the mortgage, if any.
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