Concise Encyclopedia of Real Estate Business Terms

William E. (Bill) Roark, William R. (Ryan) Roark

• Publisher: Routledge
• Year: 2013
• ISBN:
  9781136420238
• Edition: 1
• Topic: Business
• Subtopic: Business General
• Index: Business

An invaluable resource for real estate professionals and students Concise Encyclopedia of Real Estate Business Terms puts the terms used every day in the marketing and study of real estate at your fingertips. With a simple A-to-Z format, this comprehensive reference guide gets right to the point, providing brief but clear definitions and understandable explanations for more than 300 current terms and concepts used in every aspect of the real estate industry. An essential communication tool for anyone working in real estate management, insurance, economics, and urban planning, this practical guide is equally valuable for libraries, academics, and students. Compiled by Bill and Ryan Roark, realtors and co-hosts of "Taking Care of Business, " a live weekly real estate news and information talk radio program, the Concise Encyclopedia of Real Estate Business Terms provides quick and easy access to the terminology that's unique to the real estate industry. From A (AAA Tenant, absorption rate, abstract) to Z (zoning) and everything in between, this handy reference resource will ensure you're not at a loss for words when dealing with the legal and financial issues related to real estate and property. The book also includes an appendix of sample forms and contracts and another that covers measurements and conversions. The Concise Encyclopedia of Real Estate Business Terms explains:

• adjustable rate
  
• brokerage fee
  
• due diligence
  
• internal rate of return (IRR)
  
• loan to value (LTV)
  
• non-binding agreement
  
• planned unit development (PUD)
  
• recapture rate
  
• sale leaseback
  
• tertiary trade area
  
• upside/downside
  
• warranty deed
  
• and much more!

The Concise Encyclopedia of Real Estate Business Terms is equally valuable as a professional reference guide and as a classroom and library resource.

Index

4-plex units, 169, 174, 233

100 percent mortgages, 87

1031 tax-deferred rule, 154, 233

Absorption rate, 1-2

Access and accessibility, 68-69, 82, 98, 108, 139, 146, 163, 220

Access easement, 108

Access roads, 185

Acknowledgments, witnessing, 95

Acre, 3

Acre-feet, 86

Acreage, 17

Act of God, 6, 56, 66, 104, 201

“Act of vendor’s lien,” 171

Action to quiet title, 155

Ad valorem taxation, 3-4, 10

Add-on charges, 4, 54, 55, 60, 111, 193

Additional collateral, 24

Additions to property, 8, 21, 23, 60, 81, 126, 200, 239

Address

assignment of street, 17

property identification, role in, 72

stating, 234, 237, 246

Adjacent property, 31, 129

Adjustable rate mortgage (ARM), 4-5, 34, 44, 170

Adjustment charges, Ill, 112

Adjustment factors in determining market value, 45, 53

Administrative costs, 140

Administrators, 201

ADR (average daily room) rate, 12-13, 128

ADT (average daily traffic), 13

Advertising of real estate, 55, 82, 83, 93, 218, 236

Affidavit

signing, 32

witnessing, 95

Affirmative easement, 39

After-tax equity yield rate, 69

After-tax profits, 109

Age groups, 36

Agency

agreement, 6, 16

definition and overview, 5-6

designated, 37, 175-176

disclosure form, 175-177

Agent, profit to, 91, 93, 234

Agent-customer relationship, 32

Agent entrusted with lease, 5

Agricultural land, 64

Agricultural poison, 63

Agricultural use, soils for, 7...