Real Estate Vocab
This is the legal process of transferring ownership of real property from one party to another
What is conveyance?
This classic American home style features a symmetrical façade, central front door, and gable roof—often inspired by colonial-era buildings.
What is Colonial?
This mortgage type has an interest rate that may change periodically based on market conditions.
What is an adjustable-rate mortgage (ARM)?
This is another name for the buyer’s good faith deposit
What is earnest money?
On this long-running HGTV show, real estate agent Tarek El Moussa and designer Christina Hall help clients decide whether to move or improve.
What is Flip or Flop?
This term refers to the property's estimated value based on a professional analysis of comparable sales.
What is an appraisal?
Known for its overhanging eaves, low-pitched roof, and strong horizontal lines, this early 20th-century style is associated with Frank Lloyd Wright.
What is Prairie style?
This government-backed loan is designed for low-to-moderate-income borrowers and requires a low down payment.
What is an FHA loan?
When closing is fewer than 30 days away, these are the only two acceptable forms of payment for deposits.
What are wire transfer and cashier’s check?
In "Selling Sunset," agents at this high-end brokerage navigate luxury listings and office drama in Los Angeles.
What is The Oppenheim Group?
This legal document proves ownership of a property and is typically recorded with the county.
What is a deed?
This cozy, storybook-like home style often includes arched doorways, steep rooflines, and leaded glass windows.
What is Tudor?
Available to eligible veterans, service members, and surviving spouses, this mortgage often requires no down payment or mortgage insurance.
What is a VA loan?
Unless otherwise agreed, this party is responsible for holding the buyer’s deposit.
Who is the listing broker?
In Modern Family, this character is not just known for his dad jokes and real estate career—but also for his perfectly pressed button-downs and suburban charm.
Who is Phil Dunphy?
A type of loan where the interest rate remains the same throughout the term.
What is a fixed-rate mortgage?
Popular in Southern California and the Southwest, this style features stucco walls, clay tile roofs, and wrought-iron details.
What is Spanish or Spanish Revival?
This type of mortgage allows a homeowner aged 62 or older to convert part of their home’s equity into cash without selling the home.
What is a reverse mortgage?
This secure app allows agents to collect earnest money digitally and eliminates bounced checks.
What is Earnnest?
This former soap actor and real estate agent on Million Dollar Listing LA was known for clashing with castmates and closing massive deals before leaving the show.
Who is Josh Altman?
A right held by a non-owner to use a portion of someone else's land for a specific purpose.
What is an easement?
This modern, boxy style emerged in the mid-20th century and is known for flat planes, large glass windows, and open floor plans.
What is Mid-Century Modern?
This acronym compares loan amount to appraised value
What is LTV (Loan-to-Value)?
If the buyer misses this deadline, the seller may terminate the agreement.
What is the mortgage commitment deadline?
This “Bravo-lebrity” went from NYC agent to podcast host and product pitchman, once starring alongside Fredrik Eklund and Steve Gold.
Who is Ryan Serhant?