Balloon MortgageA Balloon Mortgage is a type of real estate loan structured so that regular payments are made for a defined period, followed by a(...)
Balloon Payment
A Balloon Payment is a large, lump-sum amount due at the end of a loan term after a series of smaller, periodic payments have been(...)
Bargain and Sale DeedA Bargain and Sale Deed is a type of legal instrument used to transfer ownership of real property from one party to another. It(...)
Bargain SaleA Bargain Sale is a real estate transaction in which a property is transferred for a purchase price that is less than its fair market(...)
Base Flood ElevationBase Flood Elevation is a technical standard used in floodplain management, land use planning, and property regulation to describe the(...)
Basis PointA Basis Point is a unit of measurement used in finance to describe very small changes in percentages, interest rates, yields, or other(...)
Bathroom 1/2
A Bathroom 1/2 is a common residential feature that plays an important role in both daily convenience and property value. This(...)
Bathroom 3/4A Bathroom 3/4 is a widely recognized residential bathroom type that falls between a full bathroom and a half bathroom in terms of(...)
Bathroom FullA Bathroom Full is the most complete and traditional bathroom configuration found in residential housing. It provides all core hygiene(...)
Batts InsulationBatts insulation refers to a type of pre-cut insulation material designed to fit between standard framing members such as wall studs,(...)
Bill of SaleA Bill of Sale is a written legal document used to formally transfer ownership of personal property from one party to another. It(...)
Biweekly MortgageA Biweekly Mortgage is a home loan payment structure designed to accelerate repayment by aligning payments with a borrower’s income(...)
Blanket InsuranceBlanket Insurance is a type of insurance coverage that protects multiple properties, locations, or assets under a single policy rather(...)
Blanket MortgageA blanket mortgage functions as an important financing instrument within the real estate sector, designed to cover multiple properties(...)
BlockchainBlockchain represents one of the most disruptive technologies intersecting with modern real estate practices today. This distributed(...)
Blown-In InsulationBlown-In Insulation is a loose fill insulating material commonly used in residential construction to reduce heat transfer(...)
Board & Batten SidingBoard & Batten Siding represents a timeless architectural feature that has long been valued in the realm of property aesthetics and(...)
Board of EqualizationA Board of Equalization is a governmental or quasi governmental body responsible for reviewing and resolving disputes related to(...)
Bonnett RoofA Bonnet Roof is a distinctive residential roof style characterized by a double slope on all sides of a structure, with the lower(...)
Boundary LinesBoundary Lines define the legal limits of a parcel of land and establish where one property ends and another begins. Boundary Lines(...)
Breach of ContractA Breach of Contract occurs when one party to a legally binding agreement fails to perform a required obligation, performs it(...)
Breach of Covenant
A Breach of Covenant occurs when a party fails to comply with a promise, duty, or restriction contained in a legally binding(...)
Breach of WarrantyA Breach of Warranty occurs when a promise or assurance made about a property, product, or legal condition turns out to be untrue or(...)
Breakfast RoomA Breakfast Room is a designated dining space within a home, typically located near the kitchen, intended for informal meals and(...)
Bridge LoanBridge Loan is a short term financing tool used in residential property ownership to provide temporary funds during a transition(...)
BrokerA Broker is a licensed real estate professional authorized to facilitate, oversee, and manage residential property transactions on(...)
Builder's WarrantyBuilder’s Warranty is a form of assurance provided by a residential builder that certain aspects of a newly constructed home will meet(...)
Building CodeBuilding Code is a set of legally adopted standards that regulate how residential structures are designed, constructed, altered, and(...)
Building InspectorBuilding Inspector is a public or authorized official responsible for evaluating residential structures to determine whether(...)
Building PermitBuilding Permit is an official authorization issued by a local governing authority that allows specific construction, alteration, or(...)
Bundle of RightsBundle of Rights is a legal concept used to describe the collection of entitlements that come with owning residential property. In(...)
Bungalow StyleBungalow Style is a residential architectural form characterized by a low profile, horizontal emphasis, and efficient use of space. In(...)
Butterfly RoofButterfly Roof is a residential roof design characterized by two roof planes that slope inward toward a central valley rather than(...)
Buyer BrokerBuyer Broker is a real estate professional who represents the interests of a purchaser in a residential property transaction. In(...)
Buyer’s AgentA Buyer’s Agent is a real estate professional who represents the interests of a property purchaser throughout the home-buying process.(...)
Buyer’s MarketA Buyer’s Market describes a real estate environment in which the supply of available properties exceeds buyer demand, giving(...)
BylawsBylaws are formal internal rules adopted by an organization to govern its structure, operations, and decision-making processes. They(...)
