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Real Estate Glossary Terms

  • Income

    Money earned or accrued during an accounting period that results in the increase in total assets. Items such as rental income. Revenues arising from the sales of real estate. The excess of revenues over expenses and losses for an accounting period of a real estate business. ...

  • Preterit

    Past action of a property owner or tenant. ...

  • Contractors Equipment Insurance

    Same as term Contractors Equipment Floater: form of marine insurance that covers mobile equipment of a contractor, including road building machinery, steam shovels, hoists, and derricks used on the job by builders of structures, roads, bridges, dams, tunnels, and mines. Coverage is provided on a spe ...

  • Dental Expense Insurance

    Insurance that usually follows the format of comprehensive health insurance plans in that there is a coinsurance requirement of usually 75 to 80%, and a limit on benefits for any one person per calendar year. In many instances, there is no deductible for annual preventive oral examinations. Orthodon ...

  • Return On Net Worth (ronw)

    Ratio of net income after taxes to total end of the year net worth. This ratio indicates the return on stockholder's total equity. ...

Real Estate Advice


 

Agent Advice

Agents: How To Sell A House During A Pandemic

Agents: How To Sell A House During A Pandemic

The coronavirus outbreak dealt a massive blow to the economy. Many industries find themselves struggling during the pandemic because of the restrictions imposed by the government and authorities in order to contain the spread of the disease. With the current situation of the pandemic, many people fear to go outdoors while others are careless. We are also witnessing a ...

Homebuyer Tips

Minimum Credit Score In The USA For Home Loans

Minimum Credit Score In The USA For Home Loans

  We all dream about the glorious day we move into our own home. After all the years, moving from one rental to another, the day has come when you can finally think about your own place. You have enough money for your down payment and with a good credit score, you are now able to get a home loan. The American dream of homeownership is now within your ...

Home Seller Tips

How To Sell A House In Orlando, Florida

How To Sell A House In Orlando, Florida

The state of Florida also known as the “Sunshine State” is renowned worldwide for its touristic attractions. World-class beach experience, dining, and amusement parks are just some of the things people come for in Florida. With such an increasing number of people coming in the state the demand for housing has also increased over the years. With more people ...

Homebuyer Tips

Sustainably Refurnishing Your Home

Sustainably Refurnishing Your Home

  Sustainability is a concept for the future and it is highly important that we understand it. If we are thinking of the future we have to think of both something that can be used for the long term and also something that doesn’t produce waste. A sustainable way of refurbishing your home is quite a tricky thing to embark on, but if we want to live in a clean ...

Agent Advice

How To Become A Real Estate Agent In Texas?

How To Become A Real Estate Agent In Texas?

Being the second-largest state in the United States following Alaska, Texas prides in its prosperous economy and with a gross state product of $1.8 trillion, Texas is amongst the top largest economies globally. Texas is a state with an abundance of natural resources, thriving cities, and institutions that provide the best education that significantly contributes to its ...

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