Real Estate Terms & Definitions (Complete Glossary)

Explore clear, plain-English explanations of common real estate terms. Each guide breaks down what the term means, where it appears in a transaction, and how it affects FSBO home sellers.

📘 Browse “What Is” Definitions

Over 150 definitions covering every part of the real estate process.

  • MLS & Technology: MLS, IDX, Limited-Service MLS, Coming Soon listings
  • Contracts & Documents: Purchase agreement, escrow, HUD statements, seller’s disclosure
  • Money & Timelines: Earnest money, closing costs, short sale basics, days on market (DOM)
  • Strategy & Players: FSBO, iBuyer, buyer agent commission, multiple offers

New terms are added regularly as the market evolves. Bookmark this page to explore all “What Is” definitions from Brokerless and understand how each concept fits into the MLS and FSBO selling process.

Title Author
What Is REBNY in Real Estate? Written by Brokerless.com
What Is StreetEasy in Real Estate? Written by Brokerless.com
What Is RESIDES MLS in Real Estate? Written by Brokerless.com
What Is Charleston Trident MLS (CTMLS) in Real Estate? Written by Brokerless.com
What Is Northern Arizona MLS (NAAR) in Real Estate? Written by Brokerless.com
Artificial Intelligence in Real Estate Written by Brokerless.com
What Is a Real Estate Transaction? Written by Brokerless.com
What Is Northwest Arkansas MLS (NWA MLS) in Real Estate? Written by Brokerless.com
What Is Space Coast MLS In Real Estate? Written by Brokerless.com
What Is Greater Greenville MLS (GGAR MLS) in Real Estate? Written by Brokerless.com
What Is Central Virginia Regional MLS (CVR MLS) in Real Estate? Written by Brokerless.com
What Is Western Upstate MLS (WUAR MLS) in Real Estate? Written by Brokerless.com
What Is Coastal Carolinas MLS (CCAR MLS) in Real Estate? Written by Brokerless.com
What Is Tulsa MLS (MLS Technology) in Real Estate? Written by Brokerless.com
What Is BrokerBay and How It’s Used for Showings? Written by Brokerless.com
What Is MIBOR MLS in Real Estate? Written by Brokerless.com
What Is Northern Nevada Regional MLS (NNRMLS) in Real Estate? Written by Brokerless.com
What Is MLS Advantage in Florida Real Estate Written by Brokerless.com
What Is HIVE MLS in Real Estate? Written by Brokerless.com
What Is Sight Unseen in Real Estate? Written by Brokerless.com
What Is Caveat Emptor in Real Estate? Written by Brokerless.com
What Is a Trustee in Real Estate? Written by Brokerless.com
What Is a Devise in Real Estate? Written by Brokerless.com
What Is Buyer’s Remorse in Real Estate? Written by Brokerless.com
What Is a Mutual Release in Real Estate? Written by Brokerless.com
What Is a Conforming Loan in Real Estate? Written by Brokerless.com
What Is Absorption Rate in Real Estate? Written by Brokerless.com
What Is a Stale Listing in Real Estate? Written by Brokerless.com
What Is a Title State in Real Estate? Written by Brokerless.com
What Is an Attorney State in Real Estate? Written by Brokerless.com
What Is a Mail-Away Closing in Real Estate? Written by Brokerless.com
What Are Prepaid Closing Costs? Written by Brokerless.com
What Is Cumulative Days on Market (CDOM)? Written by Brokerless.com
What Is a Price Reduction in Real Estate? Written by Brokerless.com
What Is Underpricing in Real Estate? Written by Brokerless.com
What Is Overpricing in Real Estate? Written by Brokerless.com
What Is Overimproving in Real Estate? Definition & Examples Written by Brokerless.com
What Is a Teardown House in Real Estate? Written by Brokerless.com
What Are Littoral Rights in Real Estate? Written by Brokerless.com
What Are Riparian Rights in Real Estate? Written by Brokerless.com
What Is a Habendum Clause in Real Estate? Written by Brokerless.com
What Is a Reversionary Interest in Real Estate? Written by Brokerless.com
What Is an Estoppel Certificate in Real Estate? Written by Brokerless.com
What Is a Holdover Tenant in Real Estate? Written by Brokerless.com
What Is Subletting in Real Estate? Written by Brokerless.com
What Is a Lessor in Real Estate? Written by Brokerless.com
What Is a Lessee in Real Estate? Written by Brokerless.com
What Is a Subordination Clause in Real Estate? Written by Brokerless.com
What Does Direct to Seller Mean in Real Estate? Written by Brokerless.com
What Are Seller Net Proceeds in Real Estate? Written by Brokerless.com
What Are Lender Credits in Real Estate? Written by Brokerless.com
What Are Seller Contributions in Real Estate? Written by Brokerless.com
What Is a Seller Credit in Real Estate? Written by Brokerless.com
What Is an Appraisal Gap in Real Estate? Written by Brokerless.com
What Is a Resale Home in Real Estate? Written by Brokerless.com
What Is HVAC in Real Estate? Written by Brokerless.com
What Is a Home Warranty in Real Estate? Written by Brokerless.com
What Is Market Value in Real Estate? Written by Brokerless.com
What Is an Irrevocable Trust in Real Estate? Written by Brokerless.com
what-is-a-revocable-trust-in-real-estate Written by Brokerless.com
What Is a Personal Representative in Real Estate? Written by Brokerless.com
What Is a Beneficiary in Real Estate? Written by Brokerless.com
What Is an Executor in Real Estate? Written by Brokerless.com
What Is a Will in Real Estate? Written by Brokerless.com
What Is a Testamentary Trust in Real Estate? Written by Brokerless.com
What Is a Durable Power of Attorney in Real Estate? Written by Brokerless.com
What Is a Limited Power of Attorney for Real Estate Transactions? Written by Brokerless.com
What Is a Living Trust in Real Estate? Written by Brokerless.com
What Is a Pour-Over Will in Real Estate? Written by Brokerless.com
What Is Intestate Succession in Real Estate? Written by Brokerless.com
What Is a Real Estate Power of Attorney (POA)? Written by Brokerless.com
What Is a Real Estate Trust? Written by Brokerless.com
What Is Probate in Real Estate? Written by Brokerless.com
What Is Sole Ownership in Real Estate? Written by Brokerless.com
What Is an HOA Special Assessment? Written by Brokerless.com
What Is an HOA Reserve Fund? Written by Brokerless.com
What Is a Special Assessment in Real Estate? Written by Brokerless.com
What Is a Special Tax District in Real Estate? Written by Brokerless.com
What Is a Community Development District (CDD) in Real Estate? Written by Brokerless.com
What Is a Millage Rate in Real Estate? Written by Brokerless.com
What Is Property Tax in Real Estate? Written by Brokerless.com
What Is Ad Valorem Tax in Real Estate? Written by Brokerless.com
Who Must Sign a Listing Agreement in Real Estate? Written by Brokerless.com
What Is a Probate Sale in Real Estate? Written by Brokerless.com
What Is Oregon DataShare in Real Estate? Written by Brokerless.com
What Is Procuring Cause in Real Estate? Written by Brokerless.com
What Is a Subordinate Mortgage in Real Estate? Written by Brokerless.com
What Is a FICO Score? Written by Brokerless.com
What Is a Ground Lease in Real Estate? Written by Brokerless.com
What Is a Community Land Trust? Written by Brokerless.com
What Is a Master-Planned Community? Written by Brokerless.com
What Is a Planned Unit Development (PUD)? Written by Brokerless.com
What Is Equitable Conversion in Real Estate? Written by Brokerless.com
What Is Future Interest in Real Estate? Written by Brokerless.com
What Is a Remainder in Real Estate? Written by Brokerless.com
what-is-a-remainderman-in-real-estate Written by Brokerless.com
What Is a Life Tenant in Real Estate? Written by Brokerless.com
What Is Fee Simple Absolute / Defeasible Fee? Written by Brokerless.com
What Is an Escrow Holdback in Real Estate? Written by Brokerless.com
What Is Delinquency in Real Estate? Written by Brokerless.com
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