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Real Estate Lingo Translated
If you're buying or selling in the real estate market, it helps to know the lingo. Consult the CRES Glossary, hosted by Indiana University.
This database contains easy to understand definitions for more than 1,500 terms from "The Language of Real Estate Appraisal" put out by the Real Estate Education Company.
Search for a specific term, or by a keyword contained in the definition. There's even a provision for getting the results in larger type for easier reading.
A search for escrow turned up this definition: "Money, securities, instruments, or other property or evidences of property deposited by two or more persons with a third person, to be delivered on a certain contingency or on the happening of a certain event."
This database contains easy to understand definitions for more than 1,500 terms from "The Language of Real Estate Appraisal" put out by the Real Estate Education Company.
Search for a specific term, or by a keyword contained in the definition. There's even a provision for getting the results in larger type for easier reading.
A search for escrow turned up this definition: "Money, securities, instruments, or other property or evidences of property deposited by two or more persons with a third person, to be delivered on a certain contingency or on the happening of a certain event."
