"Dear Consumer Resource Network, thank you for leading us to a beautiful home. We fell in love with it almost immediately. We have not moved in yet because all the pipes were burst. The repairs are almost complete. Your reward voucher will help us with a few additional repairs."

- David E.

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Glossary of Terms


We have compiled a list of the most common real estate terms and definitions to assist you in your search for a home. Whether you are a buyer or seller of real estate it is easy to get confused by the language used in real estate transactions. With our comprehensive real estate glossary you can easily navigate through the complicated world of buying and selling a home.

Click in the letter below to see the glossary

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R


real estate agent
A person who is licensed to represent a buyer or seller of land and the buildings and other improvements on it.
real estate appraisal
A written report by a qualified appraiser estimating the value of a property.
real estate appraiser
An individual who has the experience, training, and legal qualifications to appraise real or personal property.
real estate listing
A piece of property placed on the market by a listing agent.
realtor
A specific designation given to members of real estate firms affiliated with the National Association of Realtors (NAR) who are trained and licensed to assist clients in buying and selling real estate.