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real estate Real estate is property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more general ...
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72-hour clause A 72-hour clause, typically inserted in real estate sale contracts, is also known as an escape clause, release clause, kick-out clause, hedge clause or right of first refusal clause. The 72-hour clause is a seller contingency which allows the ...


A

* Abandonment *
Abstract of title A property abstract is a summary of the legal documents that chronicle transactions associated with a particular parcel of land. Generally included are references to deeds, mortgages, wills, probate records, court litigations, and tax sales—basic ...
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Acceleration clause Acceleration is defined in law as a shortening of the time period in which something is to take place. The concept of acceleration most often arises within the context of contract law. An acceleration clause, also known as an acceleration covenan ...
* Accession * Acknowledgment *
Acre The acre is a unit of land area used in the imperial Imperial is that which relates to an empire, emperor, or imperialism. Imperial or The Imperial may also refer to: Places United States * Imperial, California * Imperial, Missouri * Imp ...
– a measure of land area * Action to
quiet title Quiet may refer to: * Silence, a relative or total lack of sound In music * The Quiett (born 1985), South Korean rapper * ''Quiet'' (album), a 1996 John Scofield album * "Quiet", a song by Lights, from her album '' The Listening'' (2009) * "Qui ...
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Ad valorem tax An ''ad valorem'' tax (Latin for "according to value") is a tax whose amount is based on the value of a transaction or of property. It is typically imposed at the time of a transaction, as in the case of a sales tax or value-added tax (VAT). An ...
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ADA Ada may refer to: Places Africa * Ada Foah, a town in Ghana * Ada (Ghana parliament constituency) * Ada, Osun, a town in Nigeria Asia * Ada, Urmia, a village in West Azerbaijan Province, Iran * Ada, Karaman, a village in Karaman Province, Tur ...
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Adjustable-rate mortgage A variable-rate mortgage, adjustable-rate mortgage (ARM), or tracker mortgage is a mortgage loan with the interest rate on the note periodically adjusted based on an index which reflects the cost to the lender of borrowing on the credit markets.Wie ...
(ARM) * Adjusted basis * Administration of an estate on death, Administrator/Administratrix * Adverse possession * Agency – Real estate agency, Buyer brokerage * Agent – Real estate broker, Real estate agent or broker, Estate agent * Contract, Agreement * Air rights * Al Ramz * Alienation (property law), Alienation * Allodial, Allodium * Allodial title * Alluvion * Amenity * American Land Title Association (ALTA) * Americans with Disabilities Act of 1990 * Amortization calculator * Amortization schedule * Amortizing loan * Anchor store * Annexation * Annual percentage rate * Apartment * Real estate appraisal, Appraisal, real estate * Appraised value – An estimate of the present worth of a property * Capital appreciation, Appreciation * Annual percentage rate, APR * Appurtenance * Appurtenant easement * Association of Real Estate License Law Officials, ARELLO * Arm's length principle, Arm's length transaction * Arrears * Article Four of the United States Constitution, Article 4 of the United States Constitution * Legal person, Artificial person * Asking price * Plottage, Assemblage * Assignment (law), Assignee * Assignment (law), Assignment * Assignment (law), Assignment of contract * Assignment (law), Assignor * Real estate appraisal, Assessed value – The value set upon a property for taxation purposes * Tax assessment, Assessment * Association of Real Estate License Law Officials (ARELLO) * Mortgage assumption, Assumable loan * Mortgage assumption, Assumable mortgage * Attorney-at-law * Attorney-in-fact * Auction * Avulsion (legal term), Avulsion * Assessor (property), Assessor * Assumption of mortgage


B

* Balance (accounting), Balance * Balloon mortgage * Bargain and sale deed, Bargain-and-sale deed * Baseline – a line that is a base for measurement or construction, lines that divide north/south or east/west in Baseline (surveying), surveying * Cost basis, Basis * Benchmark (surveying), Benchmark * Beneficiary * Bequest * Bhoodan movement * Bilateral contract – contract in which only one party makes a promise * Bill of sale * Binder – In law, a binder (also known as an ''agreement for sale'', ''earnest money contract'', ''memorandum of sale'', ''contract to sell'') is a short-form preliminary contract in which the purchaser agrees to buy and the seller agrees to sell certain real estate under stated terms and conditions, usually in the form of a purchase offer, and is enforceable in a court of law and used to secure a real estate transaction until a more formal, fully negotiated contract of sale can be signed. See offer and acceptance. * Blanket loan, Blanket loan, Blanket mortgage * City block, Block * Blockbusting * Boiler insurance * Bona fide purchaser * Book value * Boot (real estate), Boot * Boundary (real estate), Boundary * Breach of contract * Real estate broker, Broker * Brokerage – Mortgage broker, Real estate broker, Buyer brokerage * Broker's Price Opinion (BPO) * BPO Standards and Guidelines * Budget * Building code * Bundle of rights * Burlington Company * Buyer brokerage * Buyer's agent


C

* Canadian Real Estate Association (CREA) * Capital appreciation * Capital gain * Capitalization rate, Cap rate, Capitalization rate * Cash flow * Caveat emptor * Certificate of occupancy * Certified Relocation and Transition Specialist * Chain (real estate), Chain – sequence of linked house purchases * Chain (unit), Chain – unit of measurement * Chain of title * Personal property, Chattel * Chattel mortgage * Cheonse * City block * Civil action * Civil Rights Act of 1866 * Civil Rights Act of 1968 * Provision (contracting), Clause * Customer, Client * Closing costs * Closing (real estate), Closing * Closing (real estate), Closing statement * Cloud on title, Cloud on a title, Cloud on title * Co-insurance, Coinsurance, Coinsurance clause * Collateral (finance), Collateral * Color (law), Color of title * Commercial property * Commingling * Commission (remuneration), Commission * Comprehensive planning for community development * Confiscation * Contract, Commitment * Common area * Common law * Participatory planning, Community-based planning * Community land trust * Planned community, Community planning * Community property * Comparables * Compensatory damages, Compensatory damages, Expectation damages * Competition (economics), Competition * Condemnation – building is Habitability, deemed no longer habitable, government seizure through Eminent domain, or Urban decay * Condominium * Condominiums and the Jewish community * Condominium conversion, Condominium conversion, Condo conversion * Confidentiality, Confidentiality, Confidential information * Conformity * Conservation trust, Conservation land trust * Consideration * Construction loan, Construction mortgage * Constructive eviction * Consumer * Real estate contract#Contingencies, Contingency, Contingencies * Continuing education requirement * Contour map * Land contract, Contract for deed * Real estate contract, Contract of sale * Contract * Contribution claim (legal), Contribution * Conventional mortgage * Conversion (law), Conversion – removal of personal property or building fixtures * Condominium conversion, Conversion – process of changing a building to condominium * Courtesy signing * Covenant (law)#Covenants in planned communities, Covenants * Conveyancing, Convey, Conveyance, Conveyancing * Cooling-off period (consumer rights), Cooling-off period * Real estate broker, Cooperating broker * Housing cooperative, Cooperative apartment * Housing cooperative, Co-op * Concurrent estate, Co-ownership * Copyhold * Corporation * Property law#Classification, Corporeal property * Corrective maintenance * Cost basis * Council housing * Offer and acceptance, Counteroffer * Courtesy tenure * Covenant (law), Covenant * Warranty deed, Covenant Against Encumbrances * Warranty deed, Covenant for Further Assurances * Warranty deed, Covenant of Quiet Enjoyment * Warranty deed, Covenant of Right to Convey * Warranty deed, Covenant of Seisin * Warranty deed, Covenant of Warranty * Canadian Real Estate Association, CREA * Credit (finance), Credit * Creditor * Cul-de-sac * Customer


D

* Measure of damages under English law, Damages for breach of contract * Surveying#Datum and coordinate systems, Datum * Debits and credits, Debit * Debt service coverage ratio * Decedent * Condominium, Declaration of Condominium * Covenant (law)#In planned communities, Declaration of Restriction * Court order, Decree * Deductible expense * Deed * Bargain and sale deed, Deed in bargain and sale * Deed in lieu of foreclosure * Deed of trust (real estate), Deed in trust * Deed of gift * Deed of trust (real estate), Deed of trust * Covenant (law), Deed restriction * Default (finance), Default * Defeasible reasoning, Defeasance clause * Defeasible fee * Defeasible estate * Deficiency – physical condition or construction that is considered sub-standard or below minimum expectations * Deficiency judgment * Deed, Delivery and acceptance * Demise * Department of Housing and Urban Development (HUD) * Asset, Depreciable asset * Depreciation, Depreciated value * Depreciation * Inheritance, Descent * Buyer broker, Designated agency, Designated agent * Devise – disposal of real property in a will and testament, or the property itself which has been disposed of * Devisee – beneficiary of a will and testament * Disability * Point (mortgage), Discount points * Disintermediation * Documentary stamp * Stamp duty, Documentary stamp tax * Domania * Dominant estate, Dominant estate, Dominant tenement * Dominant portion * Dominion Land Survey * Double closing * Dower * Real estate broker#Dual agent, Dual agent, Dual agency * Due-on-sale clause * Duress


E

* Earnest money * Earthquake insurance * Easement * Easement#Appurtenant and in gross easements, Easement appurtenant * Easement#Easement by the government, Easement by condemnation * Easement#Easement by necessity, Easement by implication * Easement#Easement by necessity, Easement by necessity * Prescriptive easement, Easement by prescription * Easement#Appurtenant and in gross easements, Easement in gross * ECOA * Economic depression * Economic rent * Effective demand * Effective interest rate * Ingress, egress, and regress, Egress * Egress window * Ejectment * Ejido * Emblements * Eminent domain * Enabling act * Structural encroachment, Encroachment * Encumbrance * Endorsement – signature on a contract thereby indicating the person's intent to become a party to the contract * Enforceable * Environmental Protection Agency * Equal Credit Opportunity Act (ECOA) * Equitable title * Ownership equity, Equity * Equity of redemption * Escheat * Escrow * Escrow#Real estate, Escrow account * Escrow agent * Escrow instructions * Escrow payment * Estate (law), Estate – legal term for a person's net worth at any point in time alive or dead * Estate (house), Estate – a very large property (such as country house or mansion) with houses, outbuildings, gardens, supporting farmland, and woods * Estate agent * Estate for years * Property manager, Estate manager * Inheritance tax, Estate tax * Estoppel * Et al. * List of Latin phrases (E)#et uxor, Et ux., Et uxor * Et vir * Evaluation * Eviction * Pocket listing, Exclusive agency * Pocket listing, Exclusive right to sell * Performance of a contract, Executed contract * Performance of a contract, Execution * Executor * Executory contract * Executrix * Exempt – Grandfather clause that allows a pre-existing condition to continue, Tax exemption that legally excludes income or other value to reduce taxable income * Exercise (options), Exercise of option * Expectation damages * Express contract * Extended coverage


F

* Fair Housing Act (United States), Fair Housing Act of 1968 * Fair Housing Act (United States), Fair Housing Amendments Act of 1988 * Fair market value * Fannie Mae * Federal Reserve System, Fed, the * Freddie Mac * Federal Home Loan Mortgage Corporation (FHLMC or Freddie Mac) * Federal Housing Administration (FHA) * Federal National Mortgage Association (FNMA or Fannie Mae) * Federal Real Estate Board * Federal Reserve System * Fee simple * Fee simple absolute * Fee simple#Types of fee simple, Fee simple determinable * Fee simple#Types of fee simple, Fee simple subject to condition subsequent * Land tenure#Feudal tenure, Feudal system as applicable to real estate * Federal Housing Administration, FHA * FHA insured loan, FHA-insured loan * Field Card * Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) * Fire insurance * Financial Institutions Reform, Recovery, and Enforcement Act of 1989, FIRREA * Mortgage loan, First mortgage – as opposed to Second mortgage * Fixed-rate mortgage * Fixer-upper * Fixture (property law), Fixture * Flat fee mls, Flat-fee MLS * Flipping * Special Flood Hazard Area, Flood hazard area * Flood insurance * Foreclosure * Four unities * Fraud * Freehold (real property), Freehold * Freehold (real property), Freehold estate * For Sale By Owner * For sale by owner, FSBO * Functional obsolescence * Future interest


G

* General plan * Warranty deed, General warranty deed * Gentrification * Government National Mortgage Association, Ginnie Mae * Government National Mortgage Association, GNMA * Good faith estimate * Government National Mortgage Association (GNMA or Ginnie Mae) * Graduated payment mortgage * Gramdan * Bargain and sale deed, Grant bargain and sale deed * Grant (law), Grant * Grant deed * Grant (law), Grantee * Grant (law), Grantor * Green belt * Land lease, Ground lease * Land lease, Ground rent


H

* Habendum clause * Habitable * Hard money loan, Hard money * Hard money lenders * Hard money loan * Home insurance, Hazard insurance * Inheritance, Heirs, Heirs and assigns * Hereditament * Heterogeneous * Highest and best use * Homeowners association, (HOA) * Holographic will * Home construction loan * Home equity line of credit (HELOC) * Home rule * Home equity loan, Home-equity debt * Home equity loan * Home inspection – especially Home inspection#Home buyers inspection, Home buyers inspection before Closing (real estate), closing or Home inspection#Pre-delivery inspection, Pre-delivery inspection of new construction * Homeowners association (HOA) * Home insurance, Homeowner's insurance * Home insurance, Homeowner's policy * Home warranty * Homestead (buildings), Homestead * Homestead exemption * Homogeneous * Housing association * Real estate bubble, Housing bubble * Housing tenure * Housing and Urban Development (HUD) * Housing cooperative * United States Department of Housing and Urban Development, HUD * HUD-1 Settlement Statement * Hypothecation


I

* International Building Code, IBC * Illusory promise, Illusory offer, Illusory promise * Interstate Land Sales Full Disclosure Act of 1968, ILSA * Interstate Land Sales Full Disclosure Act of 1968, ILSFDA * Immobility – immovable
real estate Real estate is property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more general ...
* Immovable property * Implied contract * Implied warranty * Improved land * Improvements – Home improvement or Land improvement * Inspection#Real estate, Inspection * Income approach for appraisal * Income property – real estate rented out to provide income for the landlord * Tax shelter, Income shelter * Competence (law), Incompetent * Property law#Classification, Incorporeal property * Indemnification * Ingress, egress, and regress, Ingress * Inheritance tax * Injunction * Land contract, Installment land contract * Installment sale * Interest rate * International Building Code (IBC) * Internet Data Exchange (IDX) * Legal instrument, Instrument * Insurable interest * Interest * Interstate Land Sales Full Disclosure Act of 1968 (ILSFDA or ILSA) * Intestate * Intestate succession * Voidable, Invalid * Investing in real estate – Real estate investing, Real estate investment club, Flipping property * Investment * Investment rating for real estate * Investment value * Alienation (property law), Involuntary alienation * Firm offer, Irrevocable


J

* Jeonse * Joint and several liability * Joint tenancy * Joint venture * Judgment (law), Judgment * Judgment lien * Foreclosure#Judicial foreclosure, Judicial foreclosure * Junior mortgage – smaller mortgage in addition to the primary mortgage; examples: second mortgage, 80-15-5 Lenders mortgage insurance#Mortgage insurance in the US, piggy-back loan, and home equity loan *Jurisdiction


K

* Key money


L

* Laches (equity), Laches * Land * Land banking, Land bank, Land banking * Land contract * Land grant * Land lease * Land registration * Land tenure * Land Trust Alliance * Land trust * Landlocked * Landlord * Law of agency * Lawful * Lease * Lease option * Leaseback * Leasehold * Leasehold estate * Legal capacity * Legal description * Legal entity * Legal personality * Legal interest rate – the opposite of Usury * Lenders mortgage insurance * Lessee * Lessor (leasing), Lessor * Leverage (finance), Leverage * Levy – a Fine (penalty), fine as penalty, seizure of debtor's property after Judgment (law), judgment, financial charge such as tax * Licensee * Lien * Lienee – property owner who grants the lien * Lienor – person who benefit from the lien * Lien, Lien holder – person who benefit from the lien * Life estate * Life tenant – owner of a life estate * Like-kind exchange, Like-kind property exchange * Limited liability company (LLC) * Limited partnership * Liquidated damages * Liquidation value * Market liquidity, Liquidity * Lis pendens * Listing contract * Litigation * Littoral rights * Limited liability company, LLC * Lenders mortgage insurance, LMI * Origination fee, Loan origination fee * Loan-to-value ratio (LTV) * Location (geography), Location * Lot (real estate), Lot * Lot and Block survey system * Loan-to-value ratio, LTV


M

* Real estate economics, Market * Market analysis * Market value * Marketable title * Comprehensive planning, Master plan for community development * Graduate real estate education, Masters of Real Estate Development * Material fact * Mechanic's lien, Materialman's lien * Mechanic's lien * Meeting of minds * Intimidation, Menace * Merger * Metes and bounds * Property tax, Mill * Property tax, Millage tax * Mineral rights#Mineral rights leasing, Mineral lease * Mineral rights * Ministerial act * Minor (law), Minor * Mortgage insurance, MIP * Misrepresentation * Multiple Listing Service, MLS * Mortgage * Mortgage Account Error Correction, see Real Estate Settlement Procedures Act * Mortgage assumption * Mortgage bank, Mortgage bank, Mortgage banker * Mortgage Guaranty Insurance Corporation, MGIC * Mortgage insurance, Mortgage insurance premium (MIP) * Mortgage loan * Mortgage broker * Mortgage Guaranty Insurance Corporation (MGIC) * Mortgage insurance * Mortgagee – borrower * Mortgagor – lender * Multiple Listing Service (MLS) * Meeting of the minds, Mutual agreement * Meeting of the minds, Mutual assent * Mistake (contract law), Mutual mistake * Mutual savings bank


N

* National Association of Estate Agents, NAEA * National Association of Realtors, NAR * National Association of Real Estate Brokers, NAREB * National Association of Estate Agents (NAEA) * National Association of Real Estate Brokers (NAREB) * National Association of Realtors (NAR) * National Environmental Policy Act (NEPA) * National Flood Insurance Program * Negative amortization * Negligence * National Environmental Policy Act, NEPA * Net income * Net lease * Net operating income * Notary Public * Promissory note, Note * Niche real estate * Nonconforming use * Notice of lis pendens * Novation * Null and void


O

* Obligee * Obligor * Obsolescence * Occupancy * Offer and acceptance, Offer * Offer and acceptance * Offer and acceptance, Offeree * Offer and acceptance, Offeror * Listing contract#Types of listing contracts, Open listing or Open agency * Operation of law * Option (law), Option * Local ordinance, Ordinance * Real estate owned, OREO * Origination fee * Real estate owned, Other Real Estate Owned (OREO) * Obsolescence, Outdated * Overimprovement – Construction, building and land improvements that far surpass other local properties * Owner-occupier, Owner-occupancy * Ownership


P

* Parol evidence rule * Participation mortgage * Partition (law), Partition * Partnership * Party wall * Peak land value intersection * Percolation test, Perc test, Percolation test * Percolation test, Percolation * Personal property * PITI * Planned community * Plat * Pledge (law), Pledge * Plottage * Public Land Survey System, PLSS * Private mortgage insurance, PMI * Pocket listing * Point (mortgage), Points * Police power (United States constitutional law), Police power * Population density * Positive misrepresentation * Power of attorney * Home inspection#Pre-delivery inspection, Pre-delivery inspection * Prepaid expenses * Prepayment penalty * Custom (law), Prescription * Prescriptive easement * Preventive maintenance * Price fixing * Real estate pricing, Pricing * Prima facie * Prima facie case * Primary residence * Prime rate * Mortgage loan#Basic concepts and legal regulation, Principal – the amount of money owed on a mortgage loan * Principal meridian * Primary residence, Principal residence * Private equity real estate * Private mortgage insurance (PMI) * Private property * Privity of contract * Probate * Profit (real property), Profit à prendre * Promissory note * Promulgation, Promulgate, Promulgation * Property management * Property manager * Proration * Provision (contracting), Provision * Public housing * Public property * Public Land Survey System (PLSS) * Public record * Public utility * Punitive damages * Pur autre vie


Q

* Quarter section * Quiet enjoyment * Quiet title * Quiet title action * Quiet title proceeding * Quitclaim deed


R

* Racial steering * Rate of return * Ratification * Ratification, Ratify * Investment Rating for Real Estate, Rating for real estate investment * Real estate * Real estate agency * Real estate agent * Real estate appraisal (property valuation, land valuation) * Real estate benchmarking * Real estate broker * Real estate brokerage * Real estate bubble * Real estate contract * Real estate development * Real estate economics * Real estate investment trust (REIT) * Real Estate Owned (REO) * Real estate salesperson * Real Estate Settlement Procedures Act (RESPA) * Real estate trading * Real estate trends * Real property * National Association of Realtors, Realtor * Recording (real estate), Recording * Recourse note * Financial Institutions Reform, Recovery, and Enforcement Act of 1989, Recovery and Enforcement Act (Financial Institutions Reform, Recovery, and Enforcement Act of 1989, FIRREA) * Right of redemption, Redemption * Redlining * Refinancing * Ingress, egress, and regress, Regress * Truth in Lending Act, Regulation Z * Real estate investment trust, REIT * Real estate contract#Offer and acceptance, Reject * Remainder (law), Remainder * Remainderman * Carriage house, Remise * Renting, Rent * Sale and leaseback, Rent-back agreement, Rent-back clause * Real Estate Owned, REO * Replacement value, Replacement cost, Replacement value * Repossession * Rescission (contract law), Rescission * Resident manager – Property manager, Estate manager, Property manager, Building superintendent * Residual income * Restrictive covenant * Revaluation of fixed assets * Reverse mortgage, Reverse mortgage, Reverse annuity mortgage * Reversion (law), Reversion * Reversion (law), Reversionary interest * Revocation * Royal Institution of Chartered Surveyors, RICS * Right of first refusal * Right of redemption * Joint tenancy, Right of survivorship * Right to emblements * Riparian rights, Riparian rights, Riparian water rights * Risk management * Royal Institution of Chartered Surveyors (RICS) *Running with the land, Run with the land


S

* S corporation * Sale and leaseback * Sales contract * Salesperson – Estate agent, Real estate agent * Salvage value * Shared appreciation mortgage, SAM * Savings and loan association * Scarcity * Tax sale, Scavenger sale * Second mortgage * Second mortgage, Secondary mortgage * Secondary mortgage market * Section – unit of land: Section (United States land surveying), 640 acres in the U.S., Dominion Land Survey, 1 square mile plots in Western Canada, the Alberta Township System * Securitization * Security deposit * Seisin * Confiscation, Seizing * Self-build mortgage * Seller agency * Separate property * Servient estate, Servient estate, Servient tenement * Setback (land use), Setback * Closing costs, Settlement costs * HUD-1 Settlement Statement, Settlement statement * Closing (real estate), Settlement * Shared appreciation mortgage (SAM) * Sheriff's deed * Situs (law), Situs * Sole proprietorship * Special agent – person acting under a Power of attorney * Special assessment tax, Special assessment, Special assessment tax * Warranty deed, Special warranty deed * Special Flood Hazard Area, Special flood hazard area * Specific performance * Speculation * Spot zoning * Adverse possession#Squatter's rights, Squatter's rights * Internal Revenue Code section 1031, Starker exchange, Starker Trust * Starter home * Statute of Frauds * Statute of limitations * Statutory foreclosure * Racial steering, Steering * Stigmatized property * Straight-line depreciation, Straight–line depreciation * Strata title * Strict foreclosure * Obsolescence#Style obsolescence, Style obsolescence * Sub-agent * Subdivision (land), Subdivision * Subdivision Land lot, lot block and tract * Lien, Subject-to * Sublease * Sublet * Subordination (finance), Subordination * Subordination agreement * Supply and demand * Survivorship * Sweat equity


T

* Tacking (law), Tacking * Tax assessment * Tax basis * Tax credit * Tax sale * Tax shelter * Deductible expense, Tax-deductible expense * Internal Revenue Code section 1031, Tax-deferred exchange * Tenancy by the entirety * Tenancy in common * Leasehold estate, Tenant * Tenements * Testate – opposite of Intestacy, Intestate * Testator * Testatrix * Theory of value (economics), Theory of value * Truth in Lending Act, TILA * Timeshare * Title (property), Title * Title insurance * Torrens title * Truth in Lending Act of 1968 (TILA) * Township * Land lot, Tract * Trespasser * Trust deed (real estate), Trust deed * Trust deed investment company * Land trust, Trust * Trustee * Settlor, Trustor


U

* Uniform Commercial Code, UCC * Underimprovement – Construction, building and land improvements that are far below the level of other local properties * Underwriting * Undisclosed principal * Undivided interest * Undue influence * Unencumbered property – a property without any encumbrance * Unenforceable contract * Uniform Commercial Code (UCC) * Uniform Standards of Professional Appraisal Practice (USPAP) * Equitable conversion#Uniform Vendor and Purchaser Risk Act, Uniform Vendor and Purchaser Risk Act (UVPRA) * Contract#Elements, Unilateral contract – contract in which all parties make promises * Misrepresentation#Types of misrepresentation, Unintentional misrepresentation – also called innocent misrepresentation * Four unities, Unities * Unlike-kind property exchange – opposite of Like-kind exchange * Uniform Standards of Professional Appraisal Practice, USPAP * United States housing bubble * Urban renewal * Urban sprawl * Urban Land Institute * Usufruct * Usury * Public utility, Utility


V

* VA loan * Valuable consideration * Real estate appraisal, Valuation * Exchange value, Value in exchange * Value-in-use, Value in use * Value theory * Market value, Value * Variance (land use), Variance * Vendee – buyer of goods or services * Vendor – supplier/seller of goods or services * Vicarious liability * Void contract * Voidable contract * Alienation (property law), Voluntary alienation


W

* Warranty deed * Warranty deed, Warranty of title * Waste (law), Waste * With reserve – in an auction, the price ("reservation price" or "reserve") below which the seller will not sell the item/property * Words of conveyance * Wraparound mortgage * Writ of attachment


Y

* Yield (finance), Yield * Yield spread premium


Z

* Zoning * Zoning, Zoning map * Zoning ordinance – local ordinance that controls Zoning, land use and buildings


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