Real Estate 101
This money is put down by a buyer with an offer to show good faith
What is Earnest Money
In this classic board game, players buy properties, collect rent, and build houses and hotels
What is Monopoly
Local governments use this to control how land can be used, such as residential, commercial, or industrial
What is Zoning
In this lease type, the tenant pays base rent plus taxes, insurance, and maintenance
What is NNN / Triple Net
This downtown waterway lined with restaurants and hotels is San Antonio’s top tourist draw
What is the River Walk
Before a lender approves a loan, this critical risk assessment is performed
What is Underwriting
In this popular HGTV series, Chip and Joanna Gaines renovate homes around Waco, Texas
What is Fixer Upper
Developers rely on this financial projection model to estimate future revenues, operating expenses, and cash flows over a projected holding period before breaking ground
What is a Pro Forma
CAM stands for this
Common Area Maintenance
This outer highway loop around San Antonio is key to the city’s northern growth
What is Loop 1604
This neutral third party holds funds and documents until all conditions of a sale are met
What is Escrow
This real estate website, known for its “Zestimate” home values, was founded in Seattle in 2006
What is Zillow
This is the period when a buyer investigates a property’s title, survey, condition, and environmental status before closing
What is Due Diligence
This major tenant, often a grocery store, draws traffic to a shopping center
What is an Anchor Tenant
Housed inside the historic 19th-century Pearl Brewery complex, this luxury hotel is named after the brewery's owner, who famously guided the business for decades
What is Hotel Emma
This government power allows taking private property for public use with just compensation
What is Eminent Domain
This Netflix reality show follows luxury agents at The Oppenheim Group as they sell mansions in the Los Angeles area
What is Selling Sunset
Turning an old warehouse, factory, or office building into apartments is known by this term
What is Adaptive Reuse
In a commercial lease, this abbreviation refers to money a landlord contributes toward building out a tenant’s space
What is TI / tenant improvement allowance
This agency regulates real estate license holders in Texas
What is TREC / Texas Real Estate Commission
This fundamental CRE metric is calculated by dividing a property's Net Operating Income (NOI) by its current market value or purchase price
What is Cap Rate
Completed in 1931, this New York skyscraper held the title of world’s tallest building for nearly 40 years
What is the Empire State Building
his green building rating system, developed by the U.S. Green Building Council, signifies that a commercial property is designed and constructed using high-performance sustainable strategies
What is LEED Certified
Under this type of listing agreement, one brokerage earns the commission no matter who finds the buyer, even the owner
What is an Exclusive Right To Sell Listing
Fueling massive economic expansion and rapid population growth, urban planners frequently discuss how Austin and San Antonio are on track to eventually merge into a massive megacity along this primary north-south interstate route
What is the I-35 Corridor / Austin-San Antonio Corridor