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 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
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