Real Estate

Real Estate Terms

Flashcard
•
others
•
9th Grade
•
Hard
Thomas Walraven
FREE Resource
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25 questions
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1.
FLASHCARD QUESTION
Front
Back
Property consisting of land and the buildings on it, along with its natural resources.
2.
FLASHCARD QUESTION
Front
Investment
Back
The action of putting money into an asset with the expectation of generating profit or income.
3.
FLASHCARD QUESTION
Front
Equity
Back
The difference between the value of a property and the amount owed on the mortgage.
4.
FLASHCARD QUESTION
Front
Mortgage
Back
A loan used to purchase real estate, where the property itself serves as collateral.
5.
FLASHCARD QUESTION
Front
Appraisal
Back
An estimate of a property's market value, typically conducted by a professional appraiser.
6.
FLASHCARD QUESTION
Front
Down Payment
Back
An initial payment made when buying a property, usually a percentage of the purchase price.
7.
FLASHCARD QUESTION
Front
Interest Rate
Back
The percentage charged on a loan, such as a mortgage, that determines the cost of borrowing money.
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