Real Estate Dictionary, Miscellaneous Terms
Every industry has their own language. There terms they throw around like everyone knows what they're talking about but no one outside the industry really does. In most cases it's okay. I don't need to know what an antisuck valve (yes, it's a thing!) and degassing are as long as my vacuum works. But in Real Estate, it's your money and your home we're talking about, so a little education can go a long way. There are a LOT of Real Estate terms, and if you've followed my Real Estate Dictionary I'm sure you think you've heard them all. But here are a few miscellaneous terms you may not have considered. Realtor (Pronouced Reel-tor) According to the National Association of Realtors, " REALTOR® is a federally registered collective membership mark which identifies a real estate professional who is member of the NATIONAL ASSOCIATION OF REALTORS® and subscribes to its strict Code of Ethics." In reality, a Realtor is someone who sells you...