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Multiple offers  in real estate occur when a property receives more than one purchase offer at the same time. This often happens in...

Market value  in real estate refers to the estimated price at which a property would sell in an open market under normal conditions. It's...

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A mortgage is a loan used to purchase real estate, typically a home.  The lender (like a bank or credit union) provides the borrower with...

In real estate, a luxury property is a high-end residence that offers exceptional amenities, features, and finishes.  While the specific...

In real estate, a loft is a type of residential unit characterized by its open floor plan, high ceilings, and large windows.  Lofts are...

In real estate, lot size refers to the total area of land on which a property is situated.  It's typically measured in square feet or...

In real estate, a lot refers to a parcel of land that is ready for development or construction.  It is typically a specific portion of a...

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A listing agreement is a legal contract between a property owner and a real estate agent that outlines the terms and conditions under...

A lien in real estate is a legal claim or charge against a property that serves as security for a debt.  It gives the lienholder the...

A leasehold interest  is a type of property interest that gives a tenant the right to use and occupy a property for a specified period of...

A lease  is a legal agreement between a landlord and a tenant that outlines the terms and conditions of a rental agreement. It typically...

A landlord  is an individual or entity that owns and rents out property to tenants. They are responsible for maintaining the...

In real estate, a "knockdown" typically refers to a property that is in such a poor state of repair that it would be more cost-effective...

A kiosk  is a small, freestanding structure or booth that is used to provide information, sell products, or offer services. They are...

A knowledgeable buyer in real estate is someone who has a good understanding of the market, the property, and the buying process.  They...

In real estate, a kickback is an illegal payment or benefit received by a real estate professional in exchange for referring clients to a...

Key money  is a fee paid by a tenant to a landlord or property owner to secure a lease or rental agreement. This payment is typically...