prep agent vocabulary
2828 0 obj <> endobj See the definition, listen to the word, then try to spell it correctly. 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. Find lists of GRE words organized by the letters of the alphabet here: A, B and C, D, E and F, G and H, I, K -O, P, Q, R & S, T, U, V, and W. To improve your fluency in English Language Arts and Reading (ELAR), learn this academic vocabulary list that includes words selected from the Texas Essential Knowledge and Skills (TEKS) state standards. 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. This list seeks to explain the words used to describe poetry through examples from famous poems. Residential – used as a residence or by residents. 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. Head back to see what else you should be learning this week. If the market cap rate for apartments in your city is 8% then your net income is 8% of the property’s value. This is the document transferred from seller to buyer at closing. Assessment – The value assigned to your home by a government tax assessor, which is used to calculate property taxes. Multi-Family – A type of home or building with multiple units owned by one or more parties such as an apartment complex or condominium complex. Title – A legal document listing the history of ownership of the home. A metaphor is a figure of speech in which two unlike things are compared (NOT using "like" or "as"). Nassim Nicholas Taleb said, "If you want to annoy a poet, explain his poetry," but we are willing to take that risk to make the world of literary analysis a little clearer and further illuminate the mystery of poetry. Here are some words from the ASVAB study guide published by Accepted, Inc. After learning this list of words, continue playing the adaptive Vocabulary.com Challenge to brush up on these words and to continue learning more words that may show up on the ASVAB. Counter Offer – when a seller sends back a new or adjusted offer that differs from the original offer sent by the buyer. Contingencies – Clauses in a contract that allow a buyer to not be forced to purchase a property if certain conditions are unsatisfactory either structurally or financially. Vocabulary Lists Test Prep. on Real Estate Vocabulary 101 (50+ Terms to Know). Default – Failing to make loan repayments by the required deadline. Some lenders have a down payment requirement that has to be met such as 20% of the purchase price for example. Start studying basic real estate vocab terms and their meanings! Buyers get a preliminary title report from an escrow agent or attorney within a week after they reach mutual acceptance on an offer. Sign up. We'll ask some follow-up questions. This bank owned property is known as a real estate owned property. REAL ESTATE VOCABULARY 17 PAGES 1. Most real estate brokers also have agents working for them. prep preposition prep phr prepositional phrase pron pronoun sing singular v verb . on the path to systematic vocabulary improvement. 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. Comparables (Comps, Sales Comps) – The prices of houses that have recently sold with similar characteristics to the house you are currently valuing. Home Warranty – a warranty that protects the buyer/seller in case the home has defects and items need serviced or replaced like plumbing, heating, and other fixtures of the property that can be expensive to fix. Homeowner’s Insurance – Protection from damages to the home and liability protection from accidents that may occur at the owner’s property. Head back to see what else you should be learning this week. %%EOF 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. For Sale By Owner (FSBO) – A property listed for sale by the owner. 3. The top 1,000 vocabulary words have been carefully chosen to represent difficult but common words that appear in everyday academic and business writing. A thorough survey of various textbooks, assignments, content area standards, and examinations yields the following list of words compiled by Jim Burke. Following our Roadmap to the new SAT? Interest – the cost of borrowing money. (You can learn more about how these words were gleaned by consulting this document. It establishes a price estimate based on current market activity that can be used as a guide for pricing a home. Homeowner’s Association (HOA) – A group that manages a shared housing complex such as apartments or condominiums. Real Estate Purchase/Sale Agreement – A legal document that obligates a buyer to buy and a seller to sell. Explore Collection . • Prefixes and suffixes used at this level appear in an appendix. We have identified this pool of 200 words that cut across the disciplines and lend themselves well to context-dependent interpretation. 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. Real Estate Owned (REO) Properties – If a foreclosed property is not sold off during the foreclosure auction, the bank will take ownership of the real estate. Closing Costs – the costs associated with completing a real estate transaction such as commissions, inspection fees, title work fees, taxes, and more. Learn the 10 basic steps to becoming a real estate investor by signing up for my free 10 day email course. That’s it! This is the same type of thinking you will need to develop in order to succeed on the new SAT! For Sale By Agent – A property listed for sale by a real estate agent. Escrow – A neutral third party or attorney that handles the exchange of money and documents between a buyer and seller once a mutual offer has been accepted and the parties move to closing.

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