Real Estate Terms

Real Estate Terms

Assessment

Flashcard

others

9th Grade

Hard

Created by

Thomas Walraven

FREE Resource

Student preview

quiz-placeholder

25 questions

Show all answers

1.

FLASHCARD QUESTION

Front

Real Estate

Back

Property consisting of land and the buildings on it, along with its natural resources.

2.

FLASHCARD QUESTION

Front

Investment

Back

The action of putting money into an asset with the expectation of generating profit or income.

3.

FLASHCARD QUESTION

Front

Equity

Back

The difference between the value of a property and the amount owed on the mortgage.

4.

FLASHCARD QUESTION

Front

Mortgage

Back

A loan used to purchase real estate, where the property itself serves as collateral.

5.

FLASHCARD QUESTION

Front

Appraisal

Back

An estimate of a property's market value, typically conducted by a professional appraiser.

6.

FLASHCARD QUESTION

Front

Down Payment

Back

An initial payment made when buying a property, usually a percentage of the purchase price.

7.

FLASHCARD QUESTION

Front

Interest Rate

Back

The percentage charged on a loan, such as a mortgage, that determines the cost of borrowing money.

Create a free account and access millions of resources

Create resources
Host any resource
Get auto-graded reports
or continue with
Microsoft
Apple
Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?