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Jack P. Friedman - Dictionary of Real Estate Terms

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The new edition of this best-selling dictionary has been updated to account for changes in the real estate market, including the recent subprime crisis and other financial issues. Approximately 3,000 clear, concise short-entry definitions of real estate terms cover appraisal, architectural styles, brokerage, construction, development, environmental finance, mortgage types, zoning, and much more. Definitions are supplemented with graphs, charts, more than 200 line illustrations, and a list of abbreviations and real estate acronyms. This handbook is a fast-reference guide for home buyers, sellers, real estate professionals, students, investors, and attorneys. Previous editions of this book have appeared on Business Weeks and other business-oriented best seller lists.

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Dictionary of Real Estate Terms
Fifth Edition
Jack P. Friedman, PhD, CPA, MAI, CRE
Jack Friedman & Associates
Dallas, Texas
Real Estate Consultant and Author
Jack C. Harris, PhD
Research Economist
Real Estate Research Center
Texas A&M University
J. Bruce Lindeman, PhD
Professor of Real Estate
University of Arkansas at Little Rock
Dictionary of Real Estate Terms - image 2
This book is dedicated to the memory of my late aunt,
Miriam Friedman Drabkin. JPF
The book Houses, by Henry Harrison, was used as a source for some drawings used in this book. Drawings of dormer, gable roof, gambrel roof, mansard roof, mobile home, shed roof, termite, window, and hip roof, plus drawings and definitions of "A" frame, American mansard, brownstone, bungalow, California bungalow, California ranch, Cape Cod colonial, Dutch colonial, Eastlake house, Elizabethan Federal, French provincial, functional modern, Georgian, high Victorian, international architecture, Italian villa, log cabin, mission house, Monterey architecture, New England colonial, New England farm house, prairie house, pueblo or adobe, Queen Anne house, regency, saltbox colonial, southern colonial, Spanish villa, stick style or Swiss chalet, Tudor, western row, and Williamsburg came from this source. Copyright first edition REALTORS NATIONAL MARKETING INSTITUTE of the NATIONAL ASSOCIATION OF REALTORS 1976. Second edition copyright Residential Sales CouncilTM of the Realtors National Marketing Institute 1992. All rights reserved. Reprinted from Houses with permission.
Copyright 2000 by Barron's Educational Series, Inc.
Prior editions Copyright 1997, 1993, 1987, 1984
by Barron's Educational Series, Inc.
All rights reserved. No part of this book may be reproduced in any form, by photostat, microfilm, xerography, or any other means, or incorporated into any information retrieval system, electronic or mechanical, without the written permission of the copyright owner.
All inquiries should be addressed to:
Barron's Educational Series, Inc.
250 Wireless Boulevard Hauppauge, NY 11788
http://www.barronseduc.com
Library of Congress Catalog Card No. 00-031165
International Standard Book No. 0-7641-1264-3
Library of Congress Cataloging-in-Publication Data
Friedman, Jack P.
Dictionary of real estate terms / Jack P. Friedman, Jack C.
Harris, J. Bruce Lindeman. 5th ed.
p. cm. ISBN 0-7641-1264-3
1. Real estate businessDictionaries. 2. Real property
Dictionaries. I. Harris, Jack C., 1945 . II. Lindeman,
J. Bruce (John Bruce). III. Title. HD1365.F75 2000
333.33 03dc21 00-031165
PRINTED IN THE UNITED STATES OF AMERICA
9 8 7 6 5 4 3 2 1
Page iii
Contents
List of Figures
iv
List of Tables
vii
Preface
viii
How to Use This Book Effectively
ix
Terms
1
Appendix
443
Picture 3
Parts of a House
443
Picture 4
Abbreviations
444
Picture 5
Mortgage Tables
449
Picture 6
Measurement Tables
451
Picture 7
English System
451
Picture 8
Metric System
452
Picture 9
Equivalents Between English and Metric Systems
452
Picture 10
Mathematical Formulas
454

Page iv
List of Figures
1
Abutting Properties
2
2
Accelerated Depreciation
3
3
Access Rights
4
4
Accretion
5
5
Acknowledgment
6
6
Acreage
7
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