The Real Estate Vocabulary Worksheet is a critical component of learning real estate investing. If you’re just beginning in real estate, or have been in it for a while but need a refresher, I’ve compiled the worksheets and explanations of commonly used terms as well as some lesser-known terms. This list is by no means exhaustive but it can serve as a jumping off point for further study. It is not meant to be a reference dictionary of real estate terms but rather a short handbook to help get one started.
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The Realtor’s vocabulary may be the one you are most concerned about. The words realtor, agent, and brokerage are synonymous with real estate investing. These words cover everything from housing to automobiles to executive office suites. A real estate investor is usually represented by their Realtor. There are also brokers, inventors, contractors, lenders, franchises, property management companies, government agencies, and sometimes just individual investors.
Some of the terms here may be a little more advanced for you and your fellow real estate investors. The words builder, architect, and construction supervisors are ones you will definitely come across. Builders are responsible for the structuring of buildings and the construction of the internal structures. Architects design the layout, including any structural aspects, of a building. Construction supervisors oversee all aspects of the construction process.
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The term real estate itself is used to describe any property that is not used for residential or business purposes but that is owned by someone or something. It can be owned by someone or something specifically (such as a person) or it can be owned by a group. A piece of real estate is usually a lot of land with a variety of different kinds of buildings on it. This term is very broad and covers anything from apartment complexes to subdivisions.
The next term to look at in a real estate vocabulary worksheet is “asset management”. This is the process of borrowing money from banks to invest in real estate. It involves borrowing funds from banks and making investments to buy property. It can also involve buying property to rent back to banks at a later date. Other types of asset management include creating capital gains funds, which are essentially loans for businesses. All of these methods are important to those who are investing in real estate.
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Next on a real estate vocabulary worksheet is “asset manager”. This person is in charge of analyzing properties and determining what price would be appropriate for the property based on local market trends and other factors. This person then brings this information back to the investors for them to make an investment decision. Some investors specialize in certain types of real estate, like commercial real estate or residential real estate. Others are generalists and deal in almost every type of real estate.
Finally, on a real estate vocabulary worksheet you would find a term called, “Residential Real Estate Agents”. This worksheet will list all of the individual agents that are active in a specific area in terms of real estate. The names of these agents can vary and could include such names as leasing agents, management companies, commercial real estate agents, residential real estate agents, and so on.
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Real estate vocabulary can be an easy thing to put together if one is well versed in the various terms that are commonly used within the industry. These are just a few of the vocabulary words one might find listed on a real estate vocabulary worksheet. These can easily be compiled into a word cloud by using Google’s excellent free service. This will give an individual a visual idea of the various words they might encounter when looking over any type of real estate vocabulary worksheet.
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