Glossary of Terms

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TermDefinition
$/Bldg SFThe calculated price per square footage in the building.
$/UnitThe calculated price per unit in the building.
% ImprovedThe percentage of Total Value of a piece of property that is from the Improved Value.
1 Side MasonryOne wall on the exterior bonded with brick, concrete or stone and backing are so bonded as to exert a common action under load.
1st Right of RefusalThe opportunity of a party to match the terms of a proposed contract before the contract is executed.
2 Master SuitesHaving two master bedrooms/suites to accommodate extended family.
2 or more RoadsTwo or more lane street.
2 Side MasonryTwo walls on the exterior bonded with brick , concrete, or stone and backing are so bonded as to exert a common action under load.
3 side MasonryThree walls on the exterior bonded with Brick, concrete or stone and backing are so bonded as to exert a common action under load
3-Strand FenceA fence made of 3 railings or strands of wire.
5-Strand FenceA fence made of 5 railings or strands of wire.
9th/High SchoolThe 9th Grade or High School associated with the property.
9th/High School OtherDescriptive of a 9th Grade/High School associated with a property that is not in the ACTRIS coverage area.
TermDefinition
A/CThe type of A/C or cooling available on the property.
A/C CentralOffers whole-house or large-commercial-space cooling, and often offers moderate multi-zone temperature control capability by the addition of air-louver-control boxes.
A/C Chilled WaterDescriptive of air condiitioning system that makes use of water as its secondary refrigerant. Chiller is used to remove heat from the water which is then circulated through other components to absorb heat from the space.It is commonly used in industrial and commercial A/C such as offices and factories, but used more and more in homes due to its cost-effectivie and no hazard of refrigerant piped all over the house.
A/C Chiller DX (Direct Expansion) SystemDescriptive of air conditioning system where the air used for cooling the room or space is directly passed over the cooling coil of the refrigeration plant.A DX Unit is a relatively small capacity system used in small buildings or rooms on the first floor.
A/C NoneThere is no working air conditioning system in place.
A/C Paid ByDescribes the party that pays for the A/C fees.
A/C Wall UnitAn appliance that is generally located by a window or mounted on the wall and have two separate units (terminal packages) - the evaporative unit on the interior and the condensing unit on the exterior, with tubing passing through the wall and connecting them.
Above ground PoolA swimming pool, swimming bath, wading pool, or simply a pool, filled with water intended for swimming or water-based recreation that is above ground and no part is below ground level.
Above Ground UtilityUtility lines such as electricity, water supply pipes and sewer located above ground.
Absolute/With ReserveThe subject property is sold to the highest bidder regardless of the amount of the winning bid.
AC DateThe date the status of the listing was changed to Active/Contingent.
Acceptable FinancingThe type of payment, financing or loan the property is available to receive.
Access InstructionInstructions to the Buyer's Agent on how to access the property; if there is a Lockbox or if the agent needs to pick up a key.
AccompanyThe buyer's agent must be at the showing with the client.
AccountantA person whose job is to keep or inspect financial accounts.
Accounting-LegalThe method of determining income and expenses for taxers and other financial purposes.
Acquisition InclusionObtaining ownership of the asset (additional items that convey with the purchase of the property, such as, Inventory, Machinery, Signs, etc.) through purchase, trade, or gift.
AcresField descriptive of the total number of acres of the property.
Active (A)Status of a listing that is currently ready to sell or lease, and available to show.
Active Contingent (AC)Status of a listing where an offer has been received/accepted by the seller, but the buyer needs to meet certain conditions before the sale can be finalized. These conditions may include a home inspection, approval on loan, etc. For lease properties, the status is Active Contingent when an application has been received.
ACTRISAustin/Central Texas Multiple Listing Service; the MLS in the Austin and surrounding areas.
Actual RentThe amount of rent that is currently being collected for that particular unit.
Actual TaxesThe total amount of taxes paid with exemptions calculated.
ADA CompliantThe property is compliant with the Americans with Disabilities Act.
Add OnDescriptive of whether or not the current tenant can add on additional time to the current lease.
Additional Pet FeeDescriptive of whehter or not there is an additional pet fee, the amount, and the description.
Address InternetDescriptive of if you wish to have the property address display on the Internet.
Adjustable-rate Mortgage (ARM)A mortgage whose rate of interest is adjusted periodically to reflect market conditions.
Adjustment DateThe date on which the interest rates changes for an adjustable-rate mortgage (ARM).
Adjustment PeriodThe period that elapses between the adjustment dates for an adjustable-rate mortgage (ARM).
Adobe FlooringFlooring made from poured and trowelled mud that is softer and warmer to the touch than tile or cement, and carries the rich colors of natural earth.
ADOM (Actual Days on Market)Actual Days on Market that is tied to the MLS number. This counts when a listing is in an active status, A or AC. ADOM does not calculate in any other status. The ADOM will reset with each new listing, regardless of history. Each property type is calculated separately.
Adult 55+Descriptive of a community with an age restriction of 55 or older.
Adult 62+Descriptive of a community with an age restriction of 62 or older.
AdvertisingDescriptive of audio or visual form of marketing communication that employs an openly sponsored, nonpersonal message to promote or sell a product, service or idea.
Aerial PhotosPictures taken of the property or home from the air, usually by aircraft.
AgentDescriptive of a person with license to represent a buyer or seller in a real estate transaction.
Agent or Owner PresentEither the Listing Agent or Owner must be present at all showings.
Agent RemarksPrivate field in the MLS for subcribers only that includes remarks about the property such as available financing, bonuses, incentives, allowances, etc.
Agricultural LandLand on which a food crop, feed crop, fiber crop, silvicultural crop or a horticultural crop is grown. The term includes range land and land used as pasture.
Agricultural Land ExemptionA classification for ad valorem tax purposes applied to land used for agricultural use or open space. Essentially, the exemption reduces the ad valorem property tax liability on the property in exchange for keeping the land in an undeveloped state.
Agricultural Types AllowedDescriptive of agricultural animals allowed on the property, i.e. cattle, livestock, poultry.
Air/Heat MaintenanceDescriptive of HVAC maintenance performed to prevent problems and prolong the life of air/heating units.
Alarm on PremisesDescriptive of some type of Security System on the property that might need a code to disarm before entering.
All BillsDescriptive of all bills paid for by the landlord or included in the cost of the lease.
All sides MasonryAll walls of the exterior bonded with brick, concrete or stone and backing are so bonded as to exert a common action under load.
Alley AccessAccess to the building through means other than the main road, usually behind the building, or between two rows of buildings and/or houses.
Allow 3rd Party CommentsDescriptive of field to allow comments or reviews with the listing. Some Virtual Office Websites (VOWs) may provide functionality that permits the customer using the VOW to enter comments about the listed properties. If NO is selected a VOW may not display comments or reviews with the listing.
Allow Automated ValuationsDescriptive of a field to allow AVM calculations. Some Virtual Office Websites (VOWs) may provide an automated valuation model function. An AVM uses statistical calculations to estimate the value of a property based upon data from public records, MLS, and other sources. If NO is selected a VOW may not display an automated valuation next to he property listing.
Also Listed AsDescribes a property listed in two categories, i.e. RES and LSE.
ALTA (American Land Title Association) SurveyA survey provided by the American Land Title Association that specifies the data to be shown on the survey including boundary lines, location of the main building, improvements, easements, etc. It is made for title insurance companies and/or Lenders for the purpose of issuing a title or mortgage insurance and guarantees requirements as detailed by the American Land Title Association.
Alternative Building Systems (ICF, SIP, Other)Designed and constructed using manmade material components that have the insulation integrated into the structural member. Systems use a rigid foam board insulation either encasing concrete panels, i.e. Insulated Concrete Forms (ICFs), sandwiched between two layers of sheathing, i.e. Structurally Insulated Panels (SIPs), or are built using insulative block construction methods, i.e. Autoclaved Aerated Concrete (AAC). The basis is to design for cost efficiency, energy conservation and environmental quality.
Aluminum RoofRoof constructed primarily or solely of aluminum material.
Aluminum SidingAluminum material used for surfacing the outside walls of a frame building.
AmortizationThe prepayment of a mortgage loan by installments with regular payments to cover the principal and interest.
Amortization ScheduleA table that shows the periodic payment, interest, and principal requirements, and unpaid loan balance for each period of the life of a loan.
Amortization TermThe amount of time required to amortize the mortgage loan. The amortization term is expressed as a number of months. For example, for a 30-year fixed-rate mortgage, the amortization term is 360 months.
Animal(s) on PropertyField that informs the Buyer's Agent if there are animals, cow(s), horse(s), etc. around the property.
Annual Electric ExpenseTotal expenses paid for electricity in the one year.
Annual Gas ExpenseTotal expenses paid for gas in the one year.
Annual Insurance ExpenseTotal expenses paid for insurance in the one year.
Annual Land Lease ExpenseTotal expenses paid for land lease in the one year.
Annual Landscaping ExpenseTotal expenses paid for landscaping in the one year.
Annual Maintenance ExpenseTotal expenses paid for maintenance in the one year.
Annual OA FeesTotal expenses paid for the owner's association in the one year.
Annual PAD (Pre-Authorized Debit) FeeAn arrangement you sign to have money taken out of your account on a set date. Examples: Mortgage payments, charitable donations, RRSP investments, and insurance premiums. Total expenses paid for the PAD (Pre-Authorized Debit) in the one year.
Annual Percentage Rate (APR)The annual rate charged for borrowing or earned through an investment, and is expressed as a percentage that represents the actual yearly cost of funds over the term of a loan.
Annual Replacement ReservesThe amount set aside for the possibility of economic setback or for the replacement of worn-out assets.
Annual Water/Sewer ExpenseTotal expenses paid for water/sewer in the one year.
ApartmentA dwelling unit within a multifamily structure, generally provided as rental housing.
Apartment ComplexA self-contained housing unit (a type of residential real estate) that occupies only part of a building. Such a building may be called an apartment building or apartment house, especially if it consists of many apartments for rent.
APOD (Annual Property Operating Data)/Backup AvailableA form used to do basic analysis on a real estate investment transaction so that it is summarized in a simple, organized and consistent format. This form is used mostly for larger apartments, however it can be useful modified for smaller investments also. A standard for expenses would be 32% of the gross rents.
App Deposit Payable ToDescribes the party that the Application Deposit is payable to.
App Fee Payable ToDescribes the party that the Application Fee is payable to.
App for Deposit AgreementDescribes the party that the payment of the Deposit Agreement is directed to.
Appliance PackageAn incentive package that includes items made for the kitchen or other utility.
Appliances/EquipmentDescriptive of electrical appliances and their features, and/or appliances/equipment in or around the house that will convey with the sale of the property.
ApplicationA form, commonly referred to as a 1003 form, used to apply for a mortgage and to provide information regarding a prospective mortgagor and the proposed security.
Application DepositFees that Lenders charge to consider a loan application. These are paid up front and are usually not refundable unless the loan is refused.
Application FeeA charge by a lender/owner/landlord to a potential tenant for the time and effort required to accept and process the application for leasing a property.
Application Fee DescriptionDescribes who has to pay the application fee.
Application PolicyDescribes qualifications for tenants. Best Qualified: the most qualified application will be selected as the tenant, regardless of the order the applications were received. First Qualified: the first application that is processed and accepted will be the new tenant.
Application RequiredThe type of documentation required when submitting a rental application.
Application RequirementsRequirements that must be met for a complete application to be processed.
Appointment RequiredAn appointment must be made before showing the property.
Appointment w/ AgentThe intermediary or Agent will give the access and/show it.
Appointment w/ Management Co.The property or dwelling's liaison will provide access and/show it.
Appointment w/BuilderAn appointment must be made with the builder before showing the property.
Appointment w/OccupantAn appointment must be made with the occupant before showing the property.
Appointment w/OfficeAn appointment must be made with the office before showing the property.
Appointment w/OwnerAn appointment must be made with the owner before showing the property.
Appointment w/RealtorThe Buyer's Agent must call the Listing Agent to set up an appointment to view the property.
AppraisalA written analysis of the estimated value of a property prepared by a qualified appraiser.
AppraiserA person qualified by education, training, and experience to estimate the value of real property and personal property.
AppreciationAn increase in the value of a property due to changes in market conditions or other causes. The opposite of depreciation.
Approved Seniors ProjectA development that has been approved for senior adults only.
Approximate Completion DateAn approximate date of when construction will be complete on the property.
Approximate Year BuiltIf the exact Year Built cannot be determined, this is a logical estimate.
ArborA shelter of vines or branches, or of latticework, covered with climbing shrubs or vines.
Archeological SiteA location that contains physical evidence of past human activity and that derives its primary documentary and interpretive information through archaeological research techniques.
Architect ApprovedDescribes whether or not the property needs architect approval before construction can commence.
AreaThe boundary line determined by ACTRIS for a particular region on a map.
Area AmenitiesFeatures that add to a property's desirability, such as community pool. The nonmonetary benefits derived from property ownership, such as pride of home ownership.
As-IsWithout guarantees as to condition, as in a sale. Premises are accepted by a buyer or tenant as they are, including physical defects except latent defects.
Asphalt RoadRoad made of a mixture of dark bituminous pitch with sand or gravel.
Asphalt ShinglesRoof constructed primarily or solely of asphalt shingles.
Assessed ValueThe value established for property tax purposes.
AssessmentThe amount of tax or special payment due to a municipality or association for a property.
AssetAnything of monetary value that is owned by a person. Assets include real property, personal property, and enforceable claims against others (including bank accounts, stocks, mutual funds, etc.).
AssignmentThe transfer of a mortgage from one person to another.
Association Dues MandatoryDescribes fees/dues that are mandated or required by an Association in order to live at the property.
Association Dues OptionalDescribes fees/dues that are optional, or not required, by an Association in order to live at the property.
Assumable LienA lien that can be transferred from the original property owner to the new purchaser.
Assumable MortgageA mortgage that can be taken over ("assumed") by the buyer when a home is sold.
Assumable-non QualifyingDescribes an assumable mortgage that did not contain a due-on-sale clause or a prohibition against someone assuming the mortgage.
Assumable-QualifyingDescribes an assumable mortgage that contains conditions such as lender approval in order for the buyer to take over the existing mortgage.
AssumptionThe transfer of the seller's existing mortgage to the buyer.
Assumption ClauseA provision in an assumable mortgage that allows a buyer to assume responsibility for the mortgage from the seller. The loan does not need to be paid in full by the original borrower upon sale or transfer of the property.
Assumption FeeThe fee paid to a lender (usually by the purchaser of real property) resulting from the assumption of an existing mortgage.
AtriumA large open space situated within an existing structure, designed to give the building a feeling of space and light. Can be a courtyard or patio surrounded by a house that is pen to the outside or roofed with skylights to admit natural light; typically contains plants.
Attached 1/2 DuplexA former duplex that has been legally separated by the county to sell each side separately.
Attached GarageA garage (usually on a slab) that shares a roof or wall with the home.
Attached Spa/Hot TubSpa/hot tub connected to the home or in ground pool.
Attic FanVentilation fan which regulates the heat level of a building's attic by exhausting hot air. A thermostat is used to automatically turn the fan off and on, while sometimes a manual switch is used. An attic fan can be gable mounted or roof mounted. Attic fans use less than 300 Watts, and offer these important advantages: 1. Lowers upstairs room temperatures by 10º. 2. Lengthens roof life by keeping shingles cooler. 3. With an optional humidistat, keep attics dry during winter months. 4. Saves up to 30% on air-conditioning costs. (Savings vary by region and roof characteristics.)
AuctionA public sale of a property or real estate that is sold to the highest bidder.
Auction DateThe date that property is marketed to the highest bidder.
AuctioneerOne who conducts an auction.
Austin Energy Green Building ProgramThe oldest green building program in the U.S., rating homes since 1991 in the Austin Energy service area and in 27 counties throughout Central Texas. New construction and major remodels are rated 1- to 5-Stars based on mandatory requirements and points achieved in community resource and site sustainability, and project team achievements in design, materials and construction efficiency, energy and water conservation, high-performance systems, indoor environmental quality, and innovation. Assistance may be available from the City of Austin Energy to make improvements on dwellings in the City of Austin.
Austinhomesearch.comField descriptive of whether you wish your listing to be sent to the local public web site, AustinHomeSearch.com.
Automatic Sprinkler SystemA system for automatically extinguishing fires in a building, consisting of overhead water pipes with outlet valves that open at a certain temperature.
AutomotiveDescribes a building is used to fix vehicles.
Awnings (permanent/green)Permanent framed fabric or roof type structures (i.e. shingle or metal) that are fitted to cover windows) for the purpose of providing shade from direct solar gain. These should be located on any East, West, or South facing windows that are not shaded by other means (i.e. roof overhangs, trees, or adjacent buildings).
TermDefinition
Back on Market DateThe date the listing returned to an Active status and is back on the market.
Back StepsRefers to an external staircase path in the back section of home or dwelling.
Back Yard Sprinkler SystemAn integrated system of piping and sprinklers installed in the back yard to water the ground.
Backs to Golf Course LotDescribes a property or backyard that backs up to, or offers a view of a golf course.
Backs to Greenbelt LotDescribes a property or backyard that backs up to, or offers a view of parks, forest or large landscaping undeveloped.
Balance SheetA financial statement that shows assets, liabilities, and net worth as of a specific date.
BalconyA platform enclosed by a wall or balustrade on the outside of a building, with access from an upper-floor window or door.
Balloon MortgageA mortgage that has level monthly payments that will amortize over a stated term but that provides for a lump sum payment to be due at the end of an earlier specified term.
Balloon PaymentThe final lump sum payment that is made at the maturity date of a balloon mortgage.
Bamboo FlooringFlooring made from bamboo, a sustainable flooring material.
BankruptA person, firm, or corporation that, through a court proceeding, is relieved from the payment of all debts after the surrender of all assets to a court-appointed trustee.
BankruptcyA proceeding in a federal court in which a debtor who owes more than his or her assets can relieve that debts by transferring his or her assets to a trustee.
Bar Ice MakerA consumer device for making ice, found by the area of the dwelling that serves beverages or food.
Bar/TavernDescribes a buildingn that is used primarily to serve alcohol.
BarbequeA heated structure or area for outdoor cooking/grilling.
Barn - CattleA barn with primary use for cattle.
Barn - DairyA barn with primary use for processing or selling dairy products.
Barn - HogA barn with primary use for hogs.
Barn - MiniDescribes a small barn primarily used as storage shed.
Barn - PoleDescribes a farm building with no foundation and with sides consisting of corrugated steel or aluminum panels supported by poles set in the ground.
Barn ConditionDescribes the condition of the barn(s) on the property.
Base and PercentageThe set rent payable by a tenant under a lease, to which is added additional rents as required by the lease (for common area maintenance, for example, or for utilities), plus a percentage of .
Base Rent EscalationA Provision in a lease that requires the tenant to pay more rent based on an increase in costs.
Baseboard HeatA system of perimeter heating in which the baseboard is replaced by the heating units. May also be panels rather than baseboard units.
BasementAny area of the building, including any sunken room or sunken portion of a room, having its floor below ground level on all sides.
Baths TotalDescribes the total number of Full and Half Baths in the dwelling. This field is system calculated.
BattsPre-cut pieces of insulation in standard sizes; batts may have a facing of kraft paper, aluminum foil or poly (plastic) or no facing at all.
Bay DepthThe length of the loading bay.
Bay Door HeightThe height of the bay door
Bay Door WidthThe width of the bay door
Bay DoorsThe number of bays available.
BCCST (Buyer's Closing Cost Paid by Seller)The Closing Cost the Seller is willing to Pay for the Buyer. Determined by contract and negotiation.
Beauty/Barber ShopDescribes a building whose primary use is for beauticians/barber that specialize in hair maintenance.
Bed and BreakfastSleeping accommodations for a night and a morning meal, provided in guest houses and small hotels.
BedroomsDescribes a room with at least two methods of egress, so it should be accessible from the house (a latchable door, to afford privacy), and then have one other exit (window or door), ceiling needs to be at least 7 ft. tall, and the room should be at least 70 SQFT, and more specifically the room cannot be smaller than 7 feet in any horizontal direction. Most bedrooms contain a closet; however rare exceptions do exist such as historical homes. The International Residential Code does NOT mandate a bedroom to have a closet.
Beds TotalTotal number of Main Level Beds and Other Level Beds. This is a system calculated field. A bedroom is defined as a room consisting of at least a door to close it off from the rest of the house and a window.
Beer and Wine LicenseGrants authority for the vending and distributing of beer and wine products.
Before-Tax IncomeIncome before taxes are deducted.
BeneficiaryThe person designated to receive the income from a trust, estate, or a deed of trust.
Best QualifiedThe most qualified application will be selected as the tenant, regardless of the order the applications were received.
BidetA sanitary fitting similar to a toilet for washing the lower part of the body. Water is supplied from an overim mixer or an upward spray. The discharge is waste water not soil water.
BinderA preliminary agreement, secured by the payment of an earnest money deposit, under which a buyer offers to purchase real estate.
Biweekly Payment MortgageA mortgage that requires payments to reduce the debt every two weeks (instead of the standard monthly payment schedule). The 26 (or possibly 27) biweekly payments are each equal to one-half of the monthly payment that would be required if the loan were a standard 30-year fixed-rate mortgage, and they are usually drafted from the borrower's bank account. The result for the borrower is a substantial savings in interest.
Black Land TopographyDescriptive of an ecoregion with dark peaty soil, suited for agriculture.
BlacktopSurface (a road or area) containing asphalt or other black material.
BlanketDescribes rolls of Insulation; may have facing of kraft paper or aluminum foil backed paper.
Blanket MortgageA type of loan used to fund the purchase of more than one piece of real property. Popular with builders and developers who buy large tracts of land, then subdivide them to create many individual parcels to be sold one at a time.
Block & BeamFoundation to the dwelling is constructed with blocks and beams.
Blocks to Metro or Light RailDescribes the number of blocks to the nearest Metro bus station or Lighrail.
Blocks to UT ShuttleDescribe the number of blocks to the nearest UT Shuttle station.
Blown-In InsulationInsulation that is pumped or injected into walls, roofs, and other areas. As opposed to bats of fiberglass insulation, blown insulation can often be easier and less expensive to install because of the time savings involved.
Boat LiftA boat lift, ship lift, or lift lock is a machine for transporting boats between water at two different elevations, and is an alternative to the canal lock and the canal inclined plane.
Boat LockBoat locks are the infrastructure that lifts a boat from a lower body of water to a higher body of water without ever removing it from the water.
Boat SlipA boat dock or berth.
Body of WaterDescribes the name of the Body of Water the property is associated with; considered to be Waterfront.
Boiler HeatDescribes heat to the dwelling through a boiler system.
BondAn interest-bearing certificate of debt with a maturity date. An obligation of a government or business corporation. A real estate bond is a written obligation usually secured by a mortgage or a deed of trust.
Bonus to AgentDescribes an amount of money, either percentage or flat fee given to the buyer's agent on top of the commission.
Branded Virtual TourA virtual tour created that contains branded or contact information of the listing agent and/or broker of the listing in the MLS.
BreachA violation of any legal obligation.
Breakfast AreaA place for light meals (usually near a kitchen).
Brick VeneerA house where the walls consist of a layer of brick covering timber framework. The bricks have no structural role.
Brick/Adobe FlooringFlooring made of brick and/or adobe material.
Bridge LoanA form of a second trust that is collateralized by the borrower's present home (which is usually for sale) in a manner that allows the proceeds to be used for closing on a new house before the present home is sold. Also known as ""swing loan"".
Bridle PathA path or track used for horseback riding.
Broiler OperationA farm that raises chicken for meat or egg production, generally in large intensive buildings.
BrokerA person who, for a commission or a fee, brings parties together and assists in negotiating contracts between them.
Builder NameDescribes the name of the Builder of the property if available.
Builder RestrictedRestricting the purchaser to only go through a specific builder.
Building America The U.S. Department of Energy's program whose goal is to work toward improving building performance to ultimately achieve cost-neutral, net zero homes by the year 2030.
Building and Land (acquisition incl)The business and land are included in sale
Building AssessmentThe amount of tax or special payment due to a municipality or association for the building.
Building ClassA subject division of buildings by desirability among tenants and investors. Criteria include age, location, construction quality, attractiveness of style, level of maintenance, and so on. The class may be based on standards for market acceptance or the type of construction materials used. Classes based on market acceptance are not equivalent to those based on construction materials.
Building PlansA view of a building floor, looking down from above, showing its horizontal elements, such as, walls, doors, windows, cabinetry, etc..
Building ServicesThe systems installed in buildings to make them comfortable, functional, efficient and safe. May include building control systems, energy distribution, or energy supply (gas, electricity and renewable sources).
Building Size RestrictionProvisions in building codes that affect the size of a building.
Building Style RestrictionProvisions in building codes that affect the style of a building.
Building(s) Only (acquisition incl)Only the building is included in the sale.
BuildingsDescribes the number of buildings on the property that are not livable.
Buildings ListDscribes additional building(s) on the property that are not livable that convey with the sell of the property.
Built in Book CasesBook/magazine shelves built into a wall .
Built in Entertainment CenterTelevision and audio center shelves built into the walls of the home.
Built in SafeA secured box or chamber made into the walls or confines of the home immobilized.
Built to SuitAn arrangement whereby a landowner offers to pay to construct on his or her land a building specified by a potential tenant, and then to lease land and building to the tenant.
Built-In Coffee MachineAn appliance that brews coffee or tea and is constructed as part of a building rather than left freestanding and moveable.
Built-In OvenOvens that are built into a special tall unit for that purpose to provide an ergonomically convenient working height
Built-InsAppliances, machinery, and other equipment that are constructed as part of a building rather than left freestanding and moveable.
Built-up RoofA built-up assembly is one made up of several components, usually glue-fixed, but sometimes screwed, nailed, bolted or welded.
Burglar AlarmA warning device that is tripped off by the occurrence of a burglary/break-in.
Business and Building (acquisition incl)Describes the business and building included in sale.
Business NameThe name of the business that is being transferred.
Business TypeThe type of business that is being transferred.
Business, Building and Land (acquisition incl)The business, Building and land are included in the sale.
Buydown MortgageA temporary buydown is a mortgage on which an initial lump sum payment is made by any party to reduce a borrower's monthly payments during the first few years of a mortgage. A permanent buydown reduces the interest rate over the entire life of a mortgage.
Buyer AgentAn agent hired by a prospective purchaser to find an acceptable property for purchase. The broker then represents the buyer and negotiates with the seller in the purchaser's best interest.
Buyer Assistance ProgramEnables a qualified homebuyer in obtaining an affordable first mortgage loan through a private lender such as banks, savings, and loan or mortgage companies.
Buyer IncentiveA benefit offered to encourage the buyer to purchase the property.
Buyers Closing Cost Paid by Seller (BCCST)Any closing costs normally paid by the Buyer that was paid by the Seller to assist the transaction.
Buyer-TitleThe buyer has paper of the evidence to possess the land.
TermDefinition
CabanaAn outdoor cabin, hut, or shelter erected at beaches, swimming pools, or bathhouses.
Cable TVDescribes a system in which television programs are transmitted to the sets of subscribers by cable rather than by a broadcast signal.
CafeteriaA type of food service location in which there is no table service, whether a restaurant or within an institution such as a large office building or school.
Cage Layers OperationDescribes an operation used primarily for egg production.
Caliche SoilA solid, almost impervious accumulation of soil in which the particles are cemented together by calcium carbonate; commonly found in layers on or near the surface of soils in arid regions.
Caliche topographyDescriptive of areas containing mineral deposits of gravel, sand, and nitrates.
Call Agent for CodeShowing Instruction where the Buyer's Agent must call the Listing Agent to acquire a code needed to enter the property. This code could be a gate code, alarm system code or combo box code.
Call First - GoShowing instruction where the buyer must calll to let the seller know they are showing the property, but does not require approval or a response.
Call OfficeShowing instruction where In order to gain access, the party needs to contact office personnel of which the property lies.
Call OptionA provision in the mortgage that gives the mortgagee the right to call the mortgage due and payment at the end of a special period for whatever reason.
Call-First GoShowing instruction where the Buyer's Agent must call either the Listing Agent or the current Occupant of the property prior to viewing.
CAM (Common Area Maintenance) MeasuredOne of the net charges billed to tenants in a commercial triple net (NNN) lease, and are paid by tenants to the landlord of a commercial property. A CAM charge is additional rent, charged on top of base rent, and is mainly composed of maintenance fees for work performed on the common area of the property. Each tenant pays their pro rata share which is a percentage of the tenant's rented sqft of the the total rentable sqft of the property.
CAM(Common Area Maintenance) Payment FrequencyDescribes how frequent the CAM payment will be made.
CanalAn artificial waterway for navigation or for draining or irrigating land.
CapA provision of an adjustable-rate mortgage (ARM) that limits how much the interest rate or mortgage payments may increase or decrease.
Capital ImprovementAny structure or component erected as a permanent improvement to real property that adds to its value and useful life.
Carbon Monoxide DetectorA mechanical device, usually portable, which detects high concentrations of carbon monoxide in the air.
Carpet FlooringTextile floor covering consisting of an upper layer of "pile" attached to a backing. The pile is generally either made from wool or a manmade fiber such as polypropylene, nylon or polyester and usually consists of twisted tufts which are often heat-treated to maintain their structure.
CarportA shelter for a car consisting of a roof supported on posts, built beside a house.
Cashiers CheckA check guaranteed by a bank. They are usually treated as cash since most banks clear them instantly.
Cash-out RefinanceA refinance transaction in which the amount of money received from the new loan exceeds the total of the money needed to repay the existing first mortgage, closing costs, points, and the amount required to satisfy any outstanding subordinate mortgage liens In other words, a refinance transaction in which the borrower receives additional cash that can be used for any purpose.
Cathedral CeilingA ceiling that provides a large, vaulted space by eliminating the attic between the living area and the rafters, which may or may not be exposed; cathedral ceilings are usually insulated with high-performance batts or special, foam-filled panels.
CDOM (Cumulative Days on Market)Cumulative Days on Market tied to the Parcel ID number or address. This counts when a listing is in an active status, A or AC. CDOM does not calculate in any other status. The CDOM count will carry over from a previous listing if the property has been off the market for less than 90 days. If the property is off the market for more than 90 days, or the listing is marked Sold/Leased, the CDOM will reset with a new listing. Each property type is calculated separately.
Cedar ClosetsA closet constructed of or paneled with cedar wood.
Cedar FenceAn enclosed gate constructed from cedar wood.
Ceiling Fan(s)A mechanical fan, usually electrically powered, suspended from the ceiling of a room that uses hub-mounted rotating paddles to circulate air. Ceiling fans can be considered an efficient characteristic of a home b/c they can be used in lieu of air conditioners before temperatures get very high, and in cold months they can be set on low to help push warm air down into the living space, particularly in homes with high ceilings.
Ceiling HeightThe clearance height under the ceiling.
Ceiling InsulationInsulation placed in the ceiling of a structure that reduces or prevents the transmission of heat or sound or electricity.
Ceiling- VaultedAn arched structure, usually made of stones, concrete, or bricks, forming a ceiling or roof over a hall, room, sewer, or other wholly or partially enclosed construction resembling a vault.
Ceiling-BeamA ceiling in which the ceiling beams are exposed to view.
Ceiling-HighCeilings that are nine feet or above in height. Most pre-war and many of the newly constructed condominiums are notorious for their high ceilings.
CelluloseDescriptive of plant fiber based insulation used in wall and roof cavities to separate the inside and outside of the building thermally and acoustically. Typical materials used to manufacture it include old newspapers, and telephone directories. For fire retardant and pest control, borates and ammonium sulfate are added. Four major types of loose-fill cellulose products have been developed under a variety of brand names. These are generally characterized as dry cellulose, spray applied cellulose, stabilized cellulose and low dust cellulose. These types are used in different parts of a building and for different reasons.
Cement BlockDescriptive of interior walls that are made of cast concrete.
Census TractGeographical area mapped by the U.S. Government for which demographic information is available.
Center IslandA free-standing work surface often placed in the center of the kitchen.
Central DehumidiferA whole-house system installed specifically for the purpose of managing excess humidity and moisture in the home. It may be integrated in the homes HVAC system (controlled by the programmable thermostat) or it may be a totally separate system.
Central HeatA heating system in which air or water is heated at a central furnace and sent through the building via vents or pipes and radiators.
Central VacuumBuilt into the building and designed to remove dirt and debris from homes and buildings, sending dirt particles through tubing installed inside the walls to a collection container in a remote utility space. The power unit is a permanent fixture, typically installed in a basement, garage, or storage room, along with the collection container.
Certificate of EligibilityA document issued by the federal government certifying a veteran's eligibility for a Department of Veterans Affairs (VA) mortgage.
Certificate of Reasonable Value (CRV)A document issued by the Department of Veterans Affairs (VA) that establishes the maximum value and loan amount for a VA mortgage.
Certificate of TitleA statement provided by an abstract company, title company, or attorney stating that the title to real estate is legally held by the current owner.
Certified FundsFunds containing a certification that the drawer of the funds has sufficient funds in the bank to cover payment.
Certified TaxesThe tax amount provided by the County Appraisal District after the protest and appeal period.
Chain Link fenceA type of woven fence usually made from galvanized or LLDPE-coated steel wire. The wires run vertically and are bent into a zigzag pattern so that each "zig" hooks with the wire immediately on one side and each "zag" with the wire immediately on the other. This forms the characteristic diamond pattern seen in this type of fence.
Chain of TitleThe history of all of the documents that transfer title to a parcel of real property, starting with the earliest existing document and ending with the most recent.
Change FrequencyThe frequency (in months) of payment and/or interest rate changes in an adjustable-rate mortgage (ARM).
Chicken CoopA farm building for housing poultry.
Child Gate/FenceA safety gate/fence around a pool to stop children from entering without adult assistance.
ChuteA vertical or inclined plane, channel, or passage through which objects are moved by means of gravity.
City Occupational LicenseA form of city government regulation requiring a license to pursue a particular profession or vocation for compensation.
City RestrictionsLimits and rules placed by the City of the dwelling.
ClapboardA type of siding consisting of long, narrow board with one edge thicker than the other, overlapping horizontally to cover the walls of frame houses.
Clay topographyRegion consisting of soil typically yellow, red, or bluish-gray in color and often forming an impermeable layer in the soil.
Clean RoomAn environmentally controlled, dust-free environment in which hard drives are assembled or opened for internal inspection or servicing.
Clear TitleA title that is free of liens or legal questions as to ownership of the property.
ClearanceDescribes the distance between two objects; an amount of clear space. Also a formal authorization permitting access to classified information, documents, etc.
ClosingA meeting at which a sale of a property is finalized by the buyer signing the mortgage documents and paying closing costs. Also called "settlement."
Closing Cost ItemA fee or amount that a home buyer must pay at closing for a single service, tax, or product. Closing costs are made up of individual closing cost items such as origination fees and attorney's fees. Many closing cost items are included as numbered items on the HUD-1 statement.
Closing CostsExpenses (over and above the price of the property) incurred by buyers and sellers in transferring ownership of a property. Closing costs normally include an origination fee, an attorney's fee, taxes, an amount placed in escrow, and charges for obtaining title insurance and a survey. Closing costs percentage will vary according to the area of the country.
Closing Costs Paid by SellerThe typical closing costs paid by the buyer is paid by the seller to help the buyer obtain the property.
Closing StatementAlso referred to as the HUD-1. The final statement of costs incurred to close on a loan or to purchase a home.
Cloud on TitleAny conditions revealed by a title search that adversely affect the title to real estate. Usually clouds on title cannot be removed except by a quitclaim deed, release, or court action.
CLS (Commerical Lease)Describes a property zoned for Commerical that is for lease.
Club houseA building or area used for social or recreational activities by occupants of an apartment complex, institution, etc.
Cluster MailboxA centrally located mailbox unit that contains two or more mailboxes.
Coffered CeilingA ceiling with recessed square panels, bordered with trim for ornamental purposes.
CollateralAn asset (such as a car or a home) that guarantees the repayments of a loan. The borrower risks losing the asset if the loan is not repaid according to the terms of the loan contract.
ColumnsAn upright supporting member used to support ceilings and roofs.
Co-makerA person who signs a promissory note along with the borrower. A co-maker's signature guarantees that the loan will be repaid, because the borrower and the co-maker are equally responsible for the repayment. See endorser.
Combo LockboxA box that requires a code or combination to be entered, given from the Listing Agent.
Coming Soon (CS)Status in the MLS to gain exposure, or pre-market listings, before they are ready to show.
Commercial AllowedDescribes a property that is able to be used for commercial business according to the zoning codes from the County.
CommissionThe fee charged by a broker or agent for negotiating a real estate or loan transaction. A commission is generally a percentage of the price of the property or loan.
Commission PaidDescribes the time frame when the commission will be paid by the other party.
Commitment LetterA formal offer by a lender stating the terms under which it agrees to lend money to a home buyer. Also known as a "loan commitment."
Committed MoneyFinancing facility provided by a Bank to a borrower which cannot be withdrawn unless the borrower breaches Covenants or other terms of the facility.
Common AreasThose portions of a building, land, and amenities owned (or managed) by a planned unit development (PUD) or condominium project's homeowners' association (or a cooperative project's cooperative corporation) that are used by all of the unit owners, who share in the common expenses of their operation and maintenance. Common areas include swimming pools, tennis courts, and other recreational facilities, as well as common corridors of buildings, parking areas, means of ingress and egress, etc.
Common DockA dock serving two or more adjoining shoreline properties
Common InsuranceDescribes an HOA that will be responsible for paying insurance fees that’s associated to the entire neighborhood versus a particular street or resident.
Common OwnershipProperty owned equally by a group of people; A development with subdivided land such as condominiums and stock cooperatives which include a separate interest in real property as well as an interest in common with other owners which can be through membership in an association.
Common RampA shared ramp serving two or more properties.
Community Home Improvement Mortgage LoanAn alternative financing option that allows low- and moderate-income home buyers to obtain 95 percent financing for the purchase and improvement of a home in need of modest repairs. The repair work can account for as much as 30 percent of the appraised value.
Community PoolA pool that belongs to the community or association, not an individual.
Community PropertyIn some western and southwestern states, a form of ownership under which property acquired during a marriage is presumed to be owned jointly unless acquired as separate property of either spouse.
Community WebsiteMLS field for a community and/or HOA website only. Agent or office specific information such as Agent Name, Email Address, or Phone Number should not be included. These links appear on customer reports and in IDX property searches; therefore, listing agent contact information is not permissible.
ComparablesAn abbreviation for "comparable properties"; used for comparative purposes in the appraisal process. Comparables are properties like the property under consideration; they have reasonably the same size, location, and amentias and have recently been sold. Comparables help the appraiser determine the approximate fair market value of the subject property.
Composition ShingleMaterial made of a fiberglass mat at their core, and the exterior is an asphalt coating that is weather resistant. This exterior is embedded with crushed rock outside the walls of a frame building.
Composition Shingle ConstructionDescribes a building or structure constructed with composition shingles. Composition shingles are the most common roofing material in North America.
Compost Area/BinA closed container used for the controlled biological decomposition of organic matter such as food and yard wastes, into humus, a soil-like material.
Computer ReadyDescribes a building wired for computer(s).
Computer RoomA room set up and wired for multiple computers. Possibly a training room.
Concrete BlockBlocks or slab made from cast concrete in a large rectangular brick.
Concrete RoofRoof constructed primarily or solely of concrete.
ConditionDescribes the state (appearance, quality, or working order) of the building or dwelling.
Condition Space for HVACDescribes the area we live in which can be modified with mechanical systems such as heating and cooling. Conditioned space includes floors, walls, windows, doors, adn ceilings all contained within this envelope.
Condo Docs AvailableDescribes condominium documents available with the property such as the governing documents, covenants, restrictions, etc.
CondominiumA real estate project in which each unit owner has title to a unit in a building, an undivided interest in the common areas of the project, such as sidewalks, hallways, stairs, etc., and sometimes the exclusive use of certain limited common areas.
Condominium ConversionChanging the ownership of an existing building (usually a rental project) to the condominium form of ownership.
Conference RoomA room serving an office complex and used primarily for staff meetings and departmental activities other than instructional activities.
Confinement BuildingBuildings that house mass quantities of animals and livestock IE: hog or chicken houses.
ConservatoryA glass and metal structure traditionally found in the gardens of large houses. Modern versions are smaller, can be made of PVC and are often added to houses for home improvement purposes.
ConstructionDescribes the type of material used or process in building the dwelling.
Construction LoanA short-term, interim loan for financing the cost of construction. The lender makes payments to the builder at periodic intervals as the work progresses.
Consumer Reporting Agency (or Bureau)An organization that prepares reports that are used by lenders to determine a potential borrower's credit history. The agency obtains data for these reports from a credit repository as well as from other sources.
ContainsWhen searching in an open text field, the letters will be any where in the field.
Contains AllWhen searching in an open text field, the field must contain all combinations of multiple letters.
ContractAn oral or written agreement to do or not to do a certain thing,
Contract of SaleA contract of sale is a legal contract, an exchange of goods, services or property to be exchanged from seller (or vendor) to buyer (or purchaser) for an agreed upon value in money (or money equivalent) paid or the promise to pay same. It is a specific type of legal contract.
Convection OvenAn oven that employs convection currents by forcing hot air through fans so it circulates around food, cooking it quickly and evenly.
Convenience StoreA small retail self-service store selling a limited line of fast-moving food and nonfood items, usually with extended hours of operation.
Conventional MortgageA mortgage that is not insured or guaranteed by the federal government.
Converted GarageA garage that no longer has the ability to be used to park vehicles. The room is now used for livable space.
Convertibility ClauseA provision in some adjustable-rate mortgages (ARMs) that allows the borrower to change the ARM to a fixed-rate mortgage at specified timeframes after loan origination.
Cook TopA cooking unit, usually with hot plates or burners, built into or fixed on the top of a cabinet or other surface.
Cook top ElectricUses induction heating to directly heat a cooking vessel, as opposed to using heat transfer from electrical coils or burning gas as with a traditional cooking stove
Cook top GasUses propane gas to ignite a flame to heat and cook with versus the electric coil method.
Cool/FreezeDescribes a cabinet or room for preserving food at very low temperatures.
Cooperative (CO-op)A type of multiple ownership in which the residents of a multiunit housing complex own shares in the cooperative corporation that owns the property, giving each resident the right to occupy a specific apartment or unit.
Copy ML#A previous listing in the MLS where the information is copied from.
Cork FlooringFlooring made of cork material. Cork flooring is durable, acoustical and an insulator. It comes from harvesting the outer bark of the cork oak tree found in the Mediterranean region. It is considered a green product because the same tree can be harvested numerous times.
Corn-cropsDescribes land used to harvest corn.
Corner LotA lot located at the intersection of two or more streets.
Corporate ListingDescribes a listing that is owned by a Corporate entity.
Corporate OwnedOwned by a corporation, as opposed to owned by one or more private citizens.
Corporate RelocationArrangements under which an employer moves an employee to another area as part of the employer's normal course of business or under which it transfers a substantial part of all of its operations and employees to another area because it is relocating its headquarters or expanding its office capacity.
CorralsDescribes the number of corrals on the property or the conditions of the pen for livestock.
Cost EstimatesDetermine the total costs of labor, materials, capital, and professional fees required for a proposed product.
Cost of Funds Index (COFI)An index that is used to determine interest rate changes for certain adjustable-rate mortgage (ARM) plans. It represents the weighted-average cost of savings, borrowings, and advances of the 11th District members of the Federal Home Loan Bank of San Francisco.
Cotton-cropsThe land is used to harvest cotton.
CountryDescribes a property listed outside the United States of America and associated country.
CountyThe County the property falls in.
County Land Use CodeMost commonly, land use codes are assigned to each property by the county assessors and indicate the primary purpose of the improved or unimproved property.
County Maintained RoadThe county, not the resident or property owner is responsible for the maintenance of the road.
County Occupational LicenseA form of government regulation requiring a license to pursue a particular profession or vocation for compensation.
Court ApprovalUsually describes a property that is subject to court approval because it is part of an estate, or bankrputcy, so the probate court must approve the sale.
CovenantPromise written into deeds and other instruments agreeing to performance or nonperformance of certain acts, or requiring or preventing certain uses of the property.
Covenant RestrictionThese Covenants impose limitations on homeowners within the subdivision regarding the use and maintenance of the property. The Covenants typically establish a homeowners association (the “HOA”) to maintain the common areas, and empower the HOA to charge assessments to the individual lot owners to cover the HOA’s necessary expenses
Covered PoolPool that is covered with a cover made from special materials such as UV-stabilized polyethylene, polypropylene, or vinyl that are intended to reduce evaporation and heating costs, and prevent debris from entering the pool. They can be manual, semi-automatic or automatic.
Cow/Calf OperationDescribes method of raising beef cattle in which a permanent herd of cows is kept by a farmer or rancher to produce calves for later sale.
CPI (Consumer Price Index) ClauseThe most widely known of many such measures of price levels and inflation that are reported to the U.S. government. It measures and compares, from month to month, the total cost of a statistically determined ""typical market basket"" of goods and services consumed by U.S. households. It is often used to adjust costs such as rent, year to year.
CrawlspaceNarrow opening between the ground and the underside of a structure, not tall enough to permit standing but sufficient to give access as needed to access/install wiring, plumbing, and other utilities.
CRE (Commercial Real Estate)Describes property commercially zoned for sale.
Credit HistoryA record of an individual's open and fully repaid debts. A credit history helps a lender to determine whether a potential borrower has a history of repaying debts in a timely manner.
Credit ReportA report of an individual's credit history prepared by a credit bureau and used by a lender in determining a loan applicant's creditworthiness.
Credit RepositoryAn organization that gathers, records, updates, and stores financial and public records information about the payment records of individuals who are being considered for credit.
Creek/StreamA body of water with a current, confined within a bed and stream banks. Depending on its locale or certain characteristics, a stream may be referred to as a branch, brook, beck, burn, creek, crick, kill, lick, rill, river, syke, bayou, rivulet, stream age, wash, run or runnel.
CropsPlants that can be grown and harvested to eat or to sell. Crops may be grains (wheat, corn, milo, soybeans, sunflowers, oats), cotton, fruits (apples, oranges, peaches, pears), nuts, vegetables (potatoes, tomatoes), Christmas trees, and more.
Crown moldingEncapsulates a large family of moldings which are designed to gracefully flare out to a finished top edge. Crown molding is generally used for capping walls, pilasters, and cabinets, and is used extensively in the creation of interior and exterior cornice assemblies and door and window hoods.
Cul-de-sacThe terminus of a street or alley. Usually laid out by modern engineers to provide a circular turn around for vehicles. A passage way with one outlet. Streets in newer subdivisions are sometimes built in cul-de- sac fashion.
CultivatedConsiderable alteration to physical or chemical properties of the soil or vegetation by former agricultural use.
Cultivated AcresLand or fields prepared for raising crops by plowing or fertilizing.
Current Building UseDescribes the manner in which the building is currently being utilized, i.e. retail store, residence, etc.
TermDefinition
Dairy Cattle OperationAn enterprise for long-term production of milk, usually from dairy cows but also from goats, sheep and camels, which may be either processed on-site or transported to a dairy factory for processing and eventual retail sale.
DebtAn amount owed to another.
DeckA structure of planks or plates, approximately horizontal, extending across a ship, boat, patio, backyard, etc. at any of various levels, especially one at the highest level and open to the weather.
Decoration AllowanceAn incentive that includes items to ornate and personalize the property or dwelling.
DeedThe legal document conveying title to a property.
Deed DockThe owner of the property took title to the Dock after purchasing the property or at time of purchase, but with a separate Deed. In cases where the unit is governed by a condo association or a homeowner's association the association may have had assigned docks and at some point deeded the dock to the unit owner
Deed of TrustThe document used in some states instead of a mortgage; title is conveyed to a trustee.
Deed RestrictionsA clause in a deed that limits the use of land.
Deed-in-lieuA deed given by a mortgagor to the mortgagee to satisfy a debt and avoid foreclosure.
DefaultFailure to make mortgage payments on a timely basis or to comply with other requirements of a mortgage.
DefectsDescribes any defects associated with or on the property.
DelinquencyFailure to make mortgage payments when mortgage payments are due.
Delivery DoorAn entrance used to receive or ship goods and inventory.
Den RoomA comfortable, usually secluded or private room in the home.
DepositMoney paid in good faith to assure performance of a contract. Deposits are commonly used with sales contracts and leases. If the person who put up the deposit fails to perform, the deposit is forfeited, unless conditions in the contract allow a refund.
Deposit RequiredDescribes whether or not a sum of money is payable or required as the first installment for a lease or other contract.
DepreciationA decline in the value of property; the opposite of appreciation.
Depth of PropertyThe length of the property from the frontage to the end of the property.
Detached GarageA garage that is not attached to a home. Usually found in older homes.
Development Plan ECRA ClearanceDescribes whether or not property has clearance for development per the ERCA.
Development Type RestrictionLimits on changes/adjustment to the community/property usually by some type of regulation, law or zoning practice.
DiningDescribes the number of dining rooms in the dwelling.
Dining "L"The living area and dining area flow together in a "L" shape with no wall separating the two rooms.
Dining DescriptionDescribes the features of the dining area in the dwelling.
DirectionsField requiring written street directions to the property.
Disability FeaturesDescribes any type of disability upgrade/feature added to the dwelling, building or grounds.
Disabled ModifiedDescribes modifications to any type of disability feature in a dwelling, building or grounds.
DishwasherAn automatic machine for washing dishes.
Display for IDX (Internet Data Exchange)Describes whether or not a listing will be allowed to be displayed on another agent's personal web site.
Display WindowA window for displaying items for sale or otherwise designed to attract customers.
DisposalAn electrical unit fitted to the waste pipe of a kitchen sink for grinding up food waste.
Diving PoolGenerally about 8-1/2 feet deep with a diving board or platform. Diving pools can be a real safety hazard, and should only be built to NSPI and ANSI standards.
Do Not Disturb Tenant, Management, etc.Describes hours of the day that the tenant, mgmt or another party does not want communication.
Dock GradeThe level of the terrain around the dock entrance.
Dock HighDescribes loading dock where the height of the slab at the bottom of the overhead door is approximately 4 ft above ground level. This is a standard height for most shipping containers.
Dock LevelersDevice that acts as a bridge between a truck or trailer and the loading ramp.
Documents AvailableDescribes any additional documentation available for the property.
Dog ParkA park for dogs to exercise and play off-leash in a controlled environment under the supervision of their owners.
Dog RunA dedicated area (usually enclosed by a fence) of a property where dogs may exercise, play, or lie down.
Double OvenCombines two ovens into the same kitchen appliance, allowing multiple meals to be prepared at the same time.
Double Pane WindowsDouble or triple pane glass windows that are used to reduce heat flow. They often contain argon, krypton, or other gases between panes, which insulate better than regular air.
Double VanityA bathroom unit consisting of two washbasins, typically set into a counter with cabinets beneath.
Double WideA semi-permanent mobile home consisting of two separate units connected along their length.
Down PaymentThe part of the purchase price of a property that the buyer pays in cash and does not finance with a mortgage.
Down Payment ResourceA powerful lead generation tool integrated in the MLS designed to simplify the process of finding homebuyer assistance programs and eligible for-sale homes.
DowndraftA downward current or draft of air, especially one down a chimney or furnace into a room.
Dressing RoomA large room or closet next to a bedroom that stores clothing and apparel used to get dressed or changed.
Drip Only/BubblersSubsurface irrigation systems that provide water to the plants at their root zone through a network of valves, pipes, tubing, and emitters. These irrigation components minimize evaporative water losses as they do not throw water in the air causing the evaporative losses and oversprays associated with sprinkler systems.
Drive-in DoorsA door through which trucks, forklifts, and other machinery or vehicles can enter and exit without a change in elevation.
Drought Tolerant Landscaping/LotNative and adapted species of plants, shrubs, trees, and vines that once established in the landscape, are able to survive normal weather patterns (including regular drought cycles) without the need for supplemental watering.
Dry CreekAn arrangement of stones and rocks that imitates the look of a stream bed although no water is present; a waterless water feature that gives the impression of flowing water, or is sometimes constructed for beauty as well as direct water runoff following heavy rains.
DryerDescribes whether or not the dryer conveys with the lease of the property; a machine that dries wet clothes from washing.
Dryer ConnectionDescribes a property equipped for a laundry clothes drying machine.
Dryer Connection- GasDescribes if the dryer is operated with gas.
Dryer Connection-ElectricDescribes if the dryer is operated with electricity.
Dryer MaintainedDescribes whether or not the Owner/Property Management maintains the equipment.
DrywallAlso called gypsum board, a paper-coated, gypsum-filled paneling used for interior walls.
Dual AgencyThe situation in which an agent represents more than one party to a transaction.
Due-on-sale ProvisionA provision in a mortgage that serves as security for the mortgage and allows the lender to demand repayment in full if the borrower sells the property.
DumbwaiterA small elevator used to carry food (or other goods) from one floor of a building to another.
DuplexTwo dwelling units under one roof.
TermDefinition
Earnest Money DepositA deposit made by the potential home buyer to show that he or she is serious about buying the house.
EasementAn agreed-upon use of land by a party other than the landowner. This can include access to natural resources on the land, development of necessary utility pipelines or construction and maintenance of a water storage facility.
ECAD (Energy Conservation Audit and Disclosure)Refers to an adopted City of Austin Ordinance designed to provide efficiency information to home buyers, apartment renters and building owners to reinforce the market value of energy efficiency. Information on four primary areas in a home is provided: Heating and cooling system (HVAC) efficiency; Air infiltration: duct performance, air sealing in plumbing areas and weather stripping; Windows: shading, low “E” glass and solar screens; Attic insulation.
EES FeaturesDescribes if the property has Energy, Environment, and Sustainability features. If answered YES, then the seller should complete and submit the EES Attachment. The attachment allows sellers and listing agents to expand property descriptions for low energy, green homes. The attachment is located on ABoR.com at http://www.abor.com/mls/EES.pdf
Effective AgeAn appraiser's estimate of the physical condition of a building, in years. It is simply the difference between the economic life and remaining economic life of the structure. The actual age of a building may be shorter or longer than its effective age.
Effective Gross IncomeNormal annual income, including overtime, that is regular or guaranteed. The income may be from more than one source. Salary is generally the principal source, but other income may qualify if it is significant and stable.
EfficiencyDescribes a dwelling with no closed off bedroom and in which one room typically contains the kitchen, living and sleeping quarters.
Electric and Gas ConnectionsDescribes a property equipped for electric or gas utilities/appliances.
Electric Car plug-inA station to recharge cars that run on electricity or solar power, i.e. hybrid vehicles.
Electric ExpenseTotal expenses paid for electricity in one year.
Electric FenceA fence through which an electric current can be passed, giving an electric shock to any person or animal touching it.
Electric HeatElectric heating is any process in which electrical energy is converted to heat. Common applications include heating of buildings, cooking, and industrial processes.
Electricity AvailableRefers the ability to connect electricity to the property.
Electricity Not AvailableThere is no wiring installed for electricity.
Electricity on PropertyRefers to the ability to have electricity connected to the property
Electrostatic Air FilterAn air filter that uses electric charge to collect debris in the air vents.
Elem A/B OtherIf the listing is not in the ACTRIS coverage area, manually type in the name of the Elementary School the property is associated with.
Elementary AThe primary Elementary School associated with the property.
Elementary BAn additional or alternate Elementary School associated with the property.
ElevatorPlatform or compartment housed in a shaft for raising and lowering people or things to different floors or levels; the number of elevators on the property.
Enclosed AcresThe part of the land that is enclosed by some type of fencing.
Enclosed DocksA dock with a roof or covering.
Enclosed FenceThe percentage of the property where a fence encircles a portion of the property, e.g. around the house.
EncumbranceAnything that affects or limits the fee simple title to a property, such as mortgages, leases, easements, or restrictions.
End UnitLast dwelling preceded by other properties.
Endangered SpeciesA species that is in danger of extinction and whose survival is unlikely if the causal factors continue; included are species whose numbers have been reduced to a critical level or whose habitats have been so drastically reduced that the species are deemed to be in danger of extinction.
Endless PoolSwimming machine is a resistance swimming apparatus, often self-contained, enabling the swimmer to swim in place.
EndorsesA person who signs ownership interest over to another party. Contrast with co-maker.
Energy AuditThis term is used fairly broadly to describe any type of energy assessment of a home, whether it be a HERS rating, a ""clipboard"" inspection, or an energy audit where diagnostic equipment is used and recommendations are made, but no score is given. The true meaning of this term will vary by region and by local availability of types of audits or energy assessments.
Energy EfficientA description of a property which has special features aimed at reducing use of electrical or heating power (i.e. insulation, double-insulated windows, high-efficiency furnace, etc.).
Energy Efficient Mortgage (EEM)Loan products that take a home's energy efficiency into account when determining the qualifying ratios for a buyer. EEMs primarily apply to new construction, but in some markets an energy improvement mortgage (EIM) can be used to make energy improvements.
Energy Environment and SustainabilityRefers to property features that affect energy, environment and sustainability.
Energy Star AppliancesDevices carrying the Energy Star service mark, such as kitchen appliances, buildings and other products, generally use 20%–30% less energy than required by federal standards.
Energy Star HomesGovernment program that sets standards for energy efficiency in a variety of products as well as in new home construction. In some areas, a ""Home Performance with ENERGY STAR"" label can be earned on the retrofit or improvement of an existing home to ENERGY STAR standards.
ENERGY STAR® for HomesA program offered by the Environmental Protection Agency (EPA) and Department of Energy (DOE) that certifies homes for Energy Efficiency using the HERS Index, with minimum efficiency of 15% better than stated code model, currently the 2004 International Residential Code (2004 IRC) or an alternative prescriptive method (list of energyrelated upgrades in insulation, windows, HVAC, water heating, etc.). Program options include “Indoor Air Plus”, which prescribes construction methods to improve indoor air quality, and “WaterSense” that certifies homes for water conservation achievements
Energy, Environment & Sustainability Attachment A form providing details on the specific types of features found in that home supporting “Healthy Living Features”, energy and resource efficiencies in “Materials and Construction”, “Water Conservation” through both indoor low-flow fixtures and landscape strategies, and “Sustainability” for long-term benefits to the community. The EES attachment is intended to be completed by the Seller(s).
Engineering ReportA report generated by an engineer describing the current physical condition of the property and its major building systems.
Enterprise ZoneDesignated area within which businesses enhoy very favorable tax credits and other advantages, such as planning exceptions.
Entry Front (garage)A garage with the gate of entry door in the front of the home, usually seen from the street.
Entry Rear (garage)A back entrance to the garage.
Entry Side (garage)A garage with the front garage entry door perpendicular to the right-of-way.
Entry StepsWalkway that leads to the front of the house or dwelling.
Entry Swing (garage)Garage door(s) that open either inward or outward versus garage doors that raise using the pulley system.
Environmental RestrictionA restriction placed on a property due to the effect changes may have on the environment on or around the property.
Environmental StudyA study of land to determine any unique environmental attributes, considering everything from endangered species to existing hazardous waste to historical significance.
Environments for LivingAn independent (not government affiliated) national program for new home construction that provides plan review, inspection, certification, and performance testing for energy efficient construction. Program provides limited guarantees on (1) energy usage for heating and cooling the home and (2) comfort: all rooms of the home will stay within 3 degrees of thermostat setting. Optional program “Environments for Living Certified Green” provides additional verification of indoor environmental quality, interior water conservation, and appliance efficiency.
Equal Credit Opportunity Act (ECOA)A federal law that requires lenders and other creditors to make credit equally available without discrimination based on race, color, religion, national origin, age, sex, marital status, or receipt of income from public assistance programs.
EqualsWhen searching in an open text field, the field must match exactly what is entered in the search.
Equals AllWhen selecting multiple items in a pick list, the listing must have all of the items selected.
Equals AnyWhen selecting multiple items in a pick list, the listing may have any (one or more) of the items selected.
Equestrian CommunityA place where Horses can exercise or riders congregate.
Equipment (acquisition incl)The equipment only included in sale.
Equipment AvailableEquipment that is conveying to the buyer of the property.
Equipment ShedA structure used to store needed equipment and tools used on and around the property.
Equipment/Features AvailableEquipment and features that are conveying to the buyer of the property.
EquityA homeowner's financial interest in a property. Equity is the difference between the fair market value of the property and the amount still owed on its mortgage.
EscalationA provision in a lease that requires the tenant to pay more rent based on an increase in costs.
EscalatorA conveyor transport device for transporting people, consisting of a staircase whose steps move up or down on tracks that keep the surfaces of the individual steps horizontal.
EscrowAn item of value, money, or documents deposited with a third party to be delivered upon the fulfillment of a condition. For example, the deposit by a borrower with the lender of funds to pay taxes and insurance premiums when they become due, or the deposit of funds or documents with an attorney or escrow agent to be disbursed upon the closing of a sale of real estate.
Escrow AccountThe account in which a mortgage servicer holds the borrower's escrow payments prior to paying property expenses.
Escrow AnalysisThe periodic examination of escrow accounts to determine if current monthly deposits will provide sufficient funds to pay taxes, insurance, and other bills when due.
Escrow CollectionsFunds collected by the servicer and set aside in an escrow account to pay the borrower's property taxes, mortgage insurance and hazard insurance.
Escrow PaymentThe portion of a mortgagor's monthly payment that is held by the servicer to pay for taxes, hazard insurance, mortgage insurance, lease payments, and other items as they become due. Known as "impounds" or "reserves" in some states.
EstateAll of the property, real or personal, that one owns and leaves at death.
Estimated TaxesThe total amount of taxes paid shown without exemptions.
ETJ (Extra Territorial Jurisdiction)An area outside of the legal jurisdiction of a city or other governmental unit over which that government has limited control. The extent of the territory and the specific controls granted are determined by state law.
EvictionThe lawful expulsion of an occupant from real property.
Examination of TitleThe report on the title of a property from the public records or an abstract of the title.
ExchangeTax benefit that kicks in when you swap one investment property for another.
ExclusionsProvision in an insurance policy that indicates what is denied coverage.
Exclusive AgencyEmployment Contract giving only one brokerage firm, for a specified time, the right to sell the property and also allowing the owner to sell the property without paying a commission.
Exclusive Right to LeaseEmployment contract giving the broker the right to collect commission if the property is leased by anyone, including the owner, during the term of the agreement.
Exclusive Right to SellEmployment contract giving the broker the right to collect commission if the property is sold by anyone, including the owner, during the term of the agreement.
ExemptionsAn amount provided by law that reduces taxable income or taxable value.
Exercise RoomA room devoted to the needs of exercise equipment and fitness.
Exhaust Fan – RecirculatingKitchen cooktop vents that draw air and moisture from the cooking surface and exhaust it back out into the room.
Exhaust Fan – VentedRemoves fumes and moisture created by cooking and bathing activities, to the outside. Kitchen and bath exhaust vents should be vented to the outside of the building, not recirculating the air back into the room or vented to the attic space.
Exhaust SystemComposed of exhaust pipes, usually tubing, used to guide waste exhaust gases away from a controlled combustion inside an engine or stove.
Exotic Types AllowedAnimals, other than birds, cats or dogs, allowed in or on the property.
Expense StopIn a lease, stipulates an amount of operating expense above which the tenant must bear. Often the base amount is the amount of expense for the first full year of operation under the lease.
Expired (X)The listing agreement has expired. The computer automatically changes the status at midnight of the expiration date.
Exterior FeaturesSpecial features around the exterior of the house that convey with the sale.
Exterior Security LightA lighting system placed around the outside of the property as a preventative burglary and vandalism measure.
Exterior StepsAny number of steps, up or down, on the outside of the dwelling.
TermDefinition
FacesThe direction the main facade of the property is looking (N,S,E,W).
Fair Credit Reporting ActA consumer protection law that regulates the disclosure of consumer credit reports by consumer/credit reporting agencies and establishes procedures for correcting mistakes on one's credit record.
Fair Market ValueThe highest price that a buyer, willing but not compelled to buy, would pay, and the lowest a seller, willing but not compelled to sell, would accept.
Familial RelationshipThe owner of the property has some type of familiar relationship with the Listing Agent.
Family RoomAn informal living area usually located adjacent to the kitchen. In many modern homes, the family room is where family and guests usually gather for television watching, informal dining, conversation, and other family activities. Often the family room has doors leading to outdoor living areas (garden, terrace).
Fannie Mae (FNMA)Nickname for Federal National Mortgage Association (FNMA) - A congressionally chartered, shareholder-owned company that is the nation's largest supplier of home mortgage funds. A corporation that specializes in buying mortgage loans, mostly from mortgage bankers. It adds liquidity to the mortgage market.
Fannie Mae's Community Home Buyer's ProgramAn income-based community lending model, under which mortgage insurers and Fannie Mae offer flexible underwriting guidelines to increase a low- or moderate-income family's buying power and to decrease the total amount of cash needed to purchase a home. Borrowers who participate in this model are required to attend pre-purchase home-buyer education sessions.
FarmDescribes type of business the land is mainly used for.
Farm to Market RoadA state road or county road which serves to connect rural or agricultural areas to market towns.
Fast FoodThe building is used to serve food in a fast food franchise.
Feasibility StudyA determination of the likelihood that a proposed development will fulfill the objectives of a particular investor.
Federal HighwayGovernment highway system.
Federal Housing Administration (FHA)An agency of the U.S. Department of Housing and Urban Development (HUD). Its main activity is the insuring of residential mortgage loans made by private lenders. The FHA sets standards for construction and underwriting but does not lend money or plan or construct housing.
Fee SimpleThe private ownership of property (real estate) in which the owner has the right to control, use and transfer the property at will.
Feeder Cattle OperationSteers or cows mature enough to be placed in a feedlot where they will be fattened prior to slaughter.
Feeder Pig OperationYoung pigs, usually weighing 40 to 60 pounds, raised for market.
FeedlotA fenced area where livestock are confined solely for the purpose of growing or finishing, and are sustained by means other than grazing.
FEMA 100 Yr Flood PlainAll land adjacent to a watercourse over which water flows in times of flood or would flow but for the presence of flood defences where they exist. The limits of the flood plain are defined by the peak level of a 1 in 100 year return period flood or the highest known water level, whichever is greater.
FenceThe type of fencing around the property.
Fenced Outside StorageA storage area not in a building but fenced off.
FHA MortgageA mortgage that is insured by the Federal Housing Administration (FHA). Also known as a government mortgage.
Fiber Cement RoofThis product is available from several manufacturers in a variety of textures that are said to provide the appearance of wood. Fiber-cement siding should be more durable than wood -- it is termite-resistant, water-resistant, non-combustible, and warranted to last 50 years. Fiber-cement siding is composed of cement, sand, and cellulose fiber that has been autoclaved (cured with pressurized steam) to increase its strength and dimensional stability. The fiber is added as reinforcement to prevent cracking. The planks come in 5¼"" to 12"" widths and 5/16"" and 7/16"" thickness.
Fiber Optic AvailableA package or assembly for an optical fiber or fibers that may include buffering, strength members and/or an outer jacket is available on the property.
Fiberglass RoofRoof constructed primarily or solely of fiberglass material.
Filled to GradeHERS standards for installation of insulation from Grade 1 to 3, with one being the best. Missing insulation, compression, and incompletely filled areas are parameters for considering insulation installation quality.
Financial StatementOne that shows income and expenses for an accounting period, or assets, liabilities, and equity as of a point in time.
FinancingPapers used to fund the sell of property, and/or borrowing money to buy property.
Finder's FeeA fee or commission paid to a mortgage broker for finding a mortgage loan for a prospective borrower.
Finish AllowanceA provision in a lease for an office or retail space that provides a certain sum or amount per square foot to the tenant to customize the space provided.
Fire AlarmA device making a loud noise that gives warning of a fire
Fire Alarm SystemHome or dwelling has a fire alarm system included in home
Fire EscapeA staircase or other apparatus used for escaping from a building on fire.
Fire PitA pit dug into the ground or a freestanding metal vessel, in which a contained outdoor fire is made.
Fire SprinklersPart of a fire sprinkler system that discharges water when the effects of a fire have been detected, such as when a predetermined temperature has been reached.
FireplaceField in the MLS that designates features of the fireplace(s) and where they are located; a place for a domestic fie, esp. a grate or hearth at the base of a chimney.
Firewall(s)A partition of fireproof material intended to contain an outbreak of fire to a limited area.
First Month Rent Payable ToThe person/entity the first month rent payment is to.
First Months RentA payment of the agreed monthly rental fee must be paid before occupying the dwelling.
First MortgageA mortgage that is primary lien against a property.
First QualifiedThe first application that is processed and accepted will be the new tenant.
Fish FarmA place where fish are bred for food.
Fitness CenterA place which houses exercise equipment for the purpose of physical exercise.
Fixed-Rate Mortgage (FRM)A mortgage in which the interest rate does not change during the entire term of the loan.
Fixtures (acquisition incl)The fixtures are included in the sale.
Flag LotA parcel of land shaped like a flag, with a narrow strip providing access to a public street or waterway and the bulk of the property containing no frontage. When planned, it is a way to maximize property density without having to install additional streets. Some jurisdictions require subdivision platting and approval for any project that includes building additional streets. Flag lots are a way around the platting laws.
Flashing Light NotificationA light system used to alarm a resident who is hearing impaired of a door bell, alarm trigger or phone call.
Flat RoofA type of roof that is almost flat except for a slight slope allowing for drainage.
Flood Drain(s)Drains and pipes in the floor to allow for drainage from a room to the outside.
Flood InsuranceInsurance that compensates for physical property damage resulting from flooding. It is required for properties located in federally designated flood areas.
Flood Zone CodeThe code that determines the limits of the flood plain are defined by the peak level of a 1 in 100 year return period flood or the highest known water level, whichever is greater.
FloodplainA level land area subject to periodic flooding from a contiguous body of water.
Floor FurnaceA furnace placed directly below a floor, which has no ducts and heats only through a grill in the floor.
Floor InsulationInsulation placed in the floor of a structure that reduces or prevents the transmission of heat or sound or electricity.
Floor LocationThe level the front entrance to the dwelling or suite is located.
Floor PlanThe arrangement of rooms in a building, or a one-plane diagram of that arrangement.
FlooringThe type of material used for the floor in a dwelling or building.
Floral-cropsThe land is used to grow flowers.
Flowage EasementLegal right to allow water to flow across some's property.
Foam InsulationBy acting as an air barrier, spray foam insulation provides insulation and air sealing in one step. In addition, most foam insulation products have a higher R-value per inch than fiberglass batt insulation. This increases energy efficiency by allowing downsizing of the heating and cooling system equipment.
Foil-faced SurfaceGenerally installed on the underside of roof sheathing in warm or hot climates, a radiant barrier can help reflect some of the sun's radiant heat energy from entering the attic. They can also help prevent winter heat loss from the home.
Food ServiceThe building is used to serve meals I.e.: soup kitchen
ForeclosureThe legal process by which a borrower in default under a mortgage is deprived of his or her interest in the mortgaged property. This usually involves a forced sale of the property at public auction with the proceeds of the sale being applied to the mortgage debt.
Formal LivingA room in a residential house for relaxing and socializing and receiving guests.
FoundationThe substructure which supports a building or other structure.
FourplexA building containing four dwelling units.
Fractional OwnershipAn ownership interest of some, but not all, real estate rights. Examples include: leasehold, easement, and hunting rights.
FrameA house constructed with a wooden frame over which is placed some form of siding or veneer.
Frame/Brick VeneerFrame construction with a single course of brick as an outside covering
Frame/StoneUsually consists of marble, granite, limestone, sandstone, and slate. After cutting and polishing, these materials are used in the primary construction of buildings for decorative facing materials applied to the exterior and interior of buildings.
Franchise (acquisition incl)The business model is included in the sale.
Freddie Mac (Federal Home Loan Mortgage Corporation)A corporation authorized by Congress to provide a secondary market for residential mortgages.
Freeway/Highway (Distance)The distance from the property to a major road.
Freight Elevator(s)An elevator built to elevate, lift or carry goods/freight rather than people.
French DoorsUsually a pair of doors of light construction with glass panes throughout its length.
FrequencyThe number of times that an event occurs within a given period; rate of recurrence. The amount of time the parking fee is due.
Fresh Air VentilationRefers to a separate mechanical ventilation component of the HVAC system, used to draw in fresh air, rather than recirculating and filtering air within a home.
FRMFarm/Ranch/Acreage Property Type - An area of land, with or without a livable dwelling on it.
Front Yard SprinklerA device that sprays water, or provides irrigation in the front yard of a property.
Fuel PumpA device that pumps fuel from a fuel tank to the internal combustion engine.
Fuel TankA storage compartment for propane or natural gas.
Full BathA bathroom consisting of a toilet, sink and bathing area, either tub and/or shower.
Full Service LeaseLease that includes all costs of occupying the space, which may include the utilities, but most commonly the base rent, property taxes, insurance, CAM, heating, air-conditioning, cleaning, and trash removal.
Fully Amortized ARMAn adjustable-rate mortgage (ARM) with a monthly payment that is sufficient to amortize the remaining balance, at the interest accrual rate, over the amortization term.
FundingMoney provided for the possession of the property.
FurnishedThe property comes with furniture.
FurnitureMovable equipment such as tables, chairs, beds, etc. that are used to make a house, room, office, or other space suitable for living or working.
Furniture (acquisition incl)The furniture in and around the dwelling that is included in the sale.
TermDefinition
Gallery Type KitchenA kitchen where appliances and cabinets sit against a single wall.
Galley TypeRefers to the design of household kitchen wherein the units are fitted into a continuous array with no kitchen table, allowing maximum use of a restricted space, and work with the minimum of required movement between units. Such kitchens increase storage space by working vertically, with hanging pots, dish racks, and ceiling-hung cabinets common. Strictly, the term refers to a kitchen with the units in two facing lines, but is often used to refer to U-shaped kitchens as well.
Game FenceA fence used to enclose cattle or livestock.
Game RoomA large room with no closet and space for games such as pool, ping pong, etc.
Garage ApartmentAn apartment built on top of the garage of a house. If the garage is attached, it will have a separate entrance and may or may not have a communicating door to the main house.
Garage ConditionThe condition of the garage(s) on the property.
Garage DescriptionThe features of the garage on the property.
Garage Door OpenerA remote or code used to access the garage.
Garage Door Opener DepositUpfront pledge to ensure the party will be entrusted with the property and responsible for its maintenance.
Garage Door StepsRefers to the garage having a path or staircase to gain/leave entry.
Garage SpacesThe number of usable garage spaces to be parked in.
GaragesThe number of usable garages on the property.
Garden HomeA housing complex whereby some or all owners have access to a lawn area.
Garden TubA large round tub that is made for soaking usually in master suite
Gas Dryer ConnectionsThe home has ability to set up gas laundry dryer.
Gas Water HeaterAn automatically controlled vessel designed for heating water and storing heated water, heated by gas.
Gated CommunityA fenced housing development, typically having a security guard.
Gated ParkingParking accessed by a code or key within the confines of a gate or other fencing.
GazeboA small, partially enclosed roofed structure in a park or garden affording shade and rest.
Gentleman RanchA small farm acreage in a rural setting used mainly for pleasure, not for profit.
GeologicalThe study and report of earth and land for a particular property.
Geothermal Heat PumpA mechanical system that provides air conditioning and heating of the home through heat exchange with the earth (i.e. “ground source”) or a nearby body of water (i.e. “water source).
Glass DoorsRefers to properly fitted and sealed glass doors on a fireplace that allow the fireplace to be operated with the doors closed. Fireplaces should have a dedicated air supply for providing the air required for constant combustion of burning wood or gas fuels.
Glass Fiber InsulationGlass in a strand form used as insulation.
GoShowing appointment type that gives the Buyer's Agent permission to go directly to the property. No need to call prior.
Goat Type FenceType of fencing used in a goat operation.
Golfcart GarageA separate section of a garage intended to park a golf cart in.
Good Faith EstimateAn estimate of charges which a borrower is likely to incur in connection with a settlement.
Grade (Topography)Ground level at the foundation. The state of the surface of the land; may be rolling, rough, flat, etc.
Grade LevelThe flat or sloping surface upon which a house is built.
Grade/RailAn intersection where a railway line crosses a road or path at the same level, as opposed to the railway line crossing over or under using a bridge or tunnel.
Grain StorageA building designed to store and maintain grains.
Grain-cropsThe land is used to harvest grain.
Granite/Marble CountersCounters made or consisting of granite or marble materials.
Grass AcresThe part of the land covered by grass.
GravelUnpaved road surfaced with gravel that has been brought to the site from a quarry or stream bed.
Great RoomA room space within an abode which combines the specific functions of several of the more traditional room spaces into a singular unified space.
Green Building RatingThe entity that evaluates and certifies a dwelling or business as environmentally friendly.
Green Rating ProgramRating system to the conservation and cost efficiency of energy resources used in the home or property.
Green/Garden RoofA green roof is basically a roof which includes a typical roof surface covered by a water-proofing membrane, a drainage plane, a water retention medium, and plantings of drought-resistant species. However, designs differ depending on a variety of factors. Green roofs are not yet common on single family homes, but can be seen more frequently in multifamily or other large urban buildings. The benefits of a green roof include control of stormwater runoff which can reduce urban water pollution, absorption of airborne toxins and increase in oxygen in the air, reduction of surface temperature of the roof, cooling of surrounding air, reduction of the urban heat island effect, noise insulation, longer roof life, better insulation, and provision of additional "land" area.
GreenbeltAn area of undeveloped land around a residential area often enforced by covenant, deed restriction, or city zoning. This would not included a area of railroads tracks, construction, etc.
Greenbelt ViewA view of a belt of recreational parks, farmland, or uncultivated land surrounding a community.
GreenhouseA building with glass walls and roof; for the cultivation and exhibition of plants under controlled conditions
Gross Building SQFTThe total floor area of a building, usually measured from the outside walls.
Gross LeaseA lease of property whereby the landlord (lessor) is responsible for paying all property expenses, such as taxes, insurance, utilities, and repairs.
Gross Operating IncomeTotal income from property before any expenses are deducted.
Gross Scheduled IncomeThe maximum amount of rent if the property were 100 percent occupied.
Ground LeaseOne that rents the land only.
GuarantorOne who guaranties, endorses, or provides indemnity agreements with respect to debts owed to others. Any losses are deductible when sustained.
Guest AccommodationsUsually a separate building or part of the house with accommodations for guests.
Guest BedsThe number of bedrooms in the guest accommodations.
Guest Full BathsThe number of full baths in the guest accommodations.
Guest Half BathsThe number of half baths in the guest accommodations.
Guest HouseA private house offering accommodations to guests.
GulliesWater worn ravines.
Gutters – FullRain gutter devices installed on all the home's roof edges to divert rain away from walls to downspouts that divert water away from the home's foundation.
Gutters – PartialRain gutter devices installed only on some of the home's roof edges (typically “front only” or only over doors) to divert rain off of those roof areas to downspouts that take it to the ground.
GymFacilities intended for indoor sports or exercise.
TermDefinition
Half BathA bathroom consisting of only a toilet and sink.
Hand RailsPoles drilled on the side of a wall to help prevent a fall and aid in walking or transports.
Handicap AmenitiesFeatures in the dwelling and/or building, that assist persons with disabilities.
Handicapped AccessAbility to access the dwelling in a wheelchair with ramps or hand rails for occupants with walkers.
Handicapped EquipmentEquipment used to mobilize/stabilize a disabled individual.
HardiPlank TypeHardiPlank falls in the fiber-cement siding class, which means that it is a combination of cellulose fibers, along with cement-like materials.
Has known DefectsThe building has imperfections, lack or shortcomings.
Hay-cropsThe land is used to develop hay.
Hazard InsuranceInsurance protecting against loss to real estate caused by fire, some natural causes, vandalism, etc., depending upon the terms of the policy.
Healthy Living FeaturesSpecific property features that contribute to better indoor air quality, accessibility, and health.
Heat PumpA device that transfers heat from a colder area to a hotter area by using mechanical energy, as in a refrigerator.
Heated PoolPool equipped to heat up and not freeze in the winter months
HeatilatorA combination of wood heater and ventilator that features a special venting system that draws in cool room air and exits it as warmer air. The air never goes through the firebox and avoids contamination with ash, smoke, or other disagreeable odors.
HeatingDescribes the type of heating available on the property.
Heating Paid ByThe party that pays for the heating fees.
HEPA Filter (High Efficiency Particulate Air Filter)Used to trap and remove certain particulate pollutants from indoor air.
HERS (Home Energy Rating System) YearThe year the HERS Index was received.
HERS (Home Energy Rating System) IndexA computer software energy modeling scoring system established by the Residential Energy Services Network (RESNET) to measure a home's energy efficiency and performance.
HERS (Home Energy Rating System) RatingAn analysis of a home's energy efficieny as per the HERS Index that consists of diagnositc testing using specialized equipment, such as a blower door test, duct leakage tester, combustion analyzer and infrared cameras.
High RiseA building with 10 (ten) or more floors with elevator service.
High Roof WindowA window in the roof line or in the roof to help regulate heat from the house.
High Speed ConnectionThe connection type of internet; transfers data via high-speed cable, satellite and wireless connections.
Historical DesignA building that is officially recognized for its historic design and age relevance.
Historical DesignationA property registered by the National Historical Society, and which has a plate conspicuously posted evidencing the designation.
Historical Tax ExemptionA building that is officially recognized for its historic significance and therefore has special income tax status, which encourages rehabilitation and discourages demolition or substantial alteration of the structure.
HOA (Home Owners Association)An organization of the homeowners in a particular subdivision, planned unit development, or condominium; generally for the purpose of enforcing deed restrictions or managing the common elements of the development.
HOA Approval Req'dThe Home Owner's Association must approve transaction before it is carried out.
HOA FeeThe amount of HOA fees at each payment installment.
HOA Fee AnnualThe Home Owners Association fee is to be paid once a year.
HOA Fee FrequencyThe frequency of how often the HOA fee is paid.
HOA Fee MonthlyThe Home Owners Association fee is to be paid once a month
HOA Fee QuarterlyThe Home Owners Association fee is to be paid every four months
HOA Fee Semi-AnnuallyThe Home Owners Association fee is to be paid every six months
HOA IncludesAreas of a property that are used by all owners or tenants.
HOA Management CompanyThe management company of the Home Owner's Association within the property's jurisdiction.
HOA MandatoryThe resident is required to be a member of the Home Owners Association.
HOA NameThe name of the Home Owner's Association within the property's jurisdiction.
HOA RequirementField that designates whether payment of HOA fees are required.
HOA Transfer FeeFee associated with the Transfer of the HOA to a new owner.
HOA VoluntaryThe resident is not required to be a member of the Home Owners Association.
Hoist DockMechanical device used primarily for raising and lowering boats from the water.
Holdover TenantA tenant who remains in possession of leased property after the lease term expiration.
Home Automation SystemElectronically monitors and controls various systems in a home for the purpose of energy management, comfort, or occupant preference. Typically automation systems may control the home's HVAC for operational efficiency, lighting for efficiency or scene scenarios, and/or various electrical circuits to reduce power usage when not in use.
Home Performance w/ ENERGY STAR®Certification of completion of defined energy efficiency improvements recommended in a home energy analysis.This comprehensive, wholehouse approach improves both energy efficiency and home comfort, while helping to protect the environment by addressing four main areas: central air conditioning and heating system, air duct sealing, window solar gains, and attic insulation. Austin Energy provide rebates for homes achieving this certification within their service area.
Home Protection PlanFrom builder of new home to protect against faulty materials, workmanship; on used home, first-year protection against unexpected major repair expense, breakdowns.
Home Theater RoomTelevision and video equipment designed to reproduce in the home the experience of being in a movie theater
Homestead Tax ExemptionIn some jurisdictions, a reduction in the assessed value allowed for one's principal residence.
Horse FacilitiesStables or barns for horses.
Horse FarmA farm designed with barns, stables, stalls, pens and fencing for use in raising or training horses.
HorsesDescribes horses allowed on the property per the zoning codes and restrictions per the city and county.
Hotel/MotelBuilding or group of buildings containing lodging units intended primarily for rental or lease to transients by the day or week, and providing additional services such as restaurants, meeting rooms and recreation facilities.
House on PropertyDescribes a livable dwelling on the property.
Housing RationThe ration of the monthly housing payment in total (PITI - Principal, Interest, Taxes and Insurance) divided by the gross monthly income. This ration is sometimes referred to as the top ration or front end ration.
HUDThe U.S. Department of Housing and Urban Development.
HUD/VA/REODescribes a property owned either by the Housing and Urban Development Department, the Veterans Administration or Real Estate Owned (banks).
HumidifierDevice for keeping the atmosphere moist in a room.
Hunting Lease PotentialUsually a large tract of land, inhabited by deer, turkey, or other animals for sport hunting, and not suitable for running cattle, farming or other productive use.
HVACThe acronym for “Heating, Ventilation, and Air Conditioning” system.
TermDefinition
ICC-700 National Green Building StandardEstablishes design, construction, and remodel practices for green residential buildings. The Standard defines enhanced specifications for windows and doors that earn additional performance level points.
ICF Compatible FixturesAn energy efficient family of light duty industrials that feature premium performance and durability. The series incorporates sturdy embossed reflectors that precisely direct and effectively control light.
ImprovementsAny permanent, fixed development of land or buildings through expenditure of money or labor that more than merely replaces, repairs or restores to original condition and tends to increase the value of the property. Improvements are not deductible for tax purposes, but are capitalized and, if made to depreciable property, are depreciable over the same life as the asset that was improved.
In Golf Course CommunityThe property falls inside a community with a golf course for the residence.
Income & Expense/StatementA historical financial report that indicates sources and amounts of revenues, amounts of expense accounts, and profit or loss. Generally prepared on either an accrual or a cash basis.
IncompleteDescribes a listing status in the MLS system that does not show up on Active searches.
IndexA published interest rate to which the interest rate on an Adjustable-rate Mortgage (ARM) is tied. Some commonly used indices include the 1 Years Treasury Bill, 6 Month LIBOR, and the 11th District Cost of Finds (COFI).
Indoor PoolA swimming area inside the confines of a building or home.
Indoor UtilitiesIndoor utilities usually means that the washer and dryer hook ups are inside the main home, not in the garage.
Indus Bldg. Office/WarehouseDescribes an Industrial Building currently being used as an office or warehouse.
Indus. Bldg.- Other see RemarksDescribes an Industrial Building being used for purposes other than those listed in the MLS, and described otherwise in the Agent Remarks.
Indus. Bldg. Warehouse/ R&DDescribes an Industrial Building currently being used as a warehouse, for light manufacturing research and development (R&D), or high-tech space.
Indus. Bldg./ Self StorageDescribes an Industrial Building currently being used to lease or rent containers or units of space to people to store possessions.
Indus. Business Park ComplexDescribes an area zoned and planned for the purpose of industrial development and may contain office complexes.
IndustrialThe task of industrial construction is to carry out all construction and installation work for new enterprises and put the plans in operation and to provide for the expansion and modernization of existing enterprises. Industrial construction and industry work closely together in the design of the project (especially the technological aspects), the allocation of orders, and the procurement of equipment and specialized materials for construction
Industrial Gross LeaseA type of Commercial lease where the tenant pays base rent plus a share of services. A gross lease can be modified and may or may not require the tenant to pay utility bills. Usually the landlord pays for the buiding's property taxes, insurance and maintenance.
In-Ground PoolA swimming area dug in the ground with either a concrete or vinyl foundation then filled with water
In-Ground SprinklerUnderground sprinklers that function through a means of basic electronic and hydraulic technology.
In-Law PlanMore commonly known as ""mother-in-law plan"", a physical arrangement within the home that provides mostly private separate living quarters for an extended family setting. May include it's own bath and entrance.
Inside StorageThe act of storing something inside the main building.
InspectionA physical scrutinizing review of property or of documents.
Instant Hot WaterHot water recirculation systems can be activated by the push of a button, or by a thermostat, timer or motion sensor. Systems that use a thermostat or timer automatically turn on the pump whenever water temperature drops below a set-point, or when the timer reaches a setting. These systems ensure that hot water is always available at the faucet without any waiting. Hot water recirculation systems generally consist of a pump, an integrated electronic controller, and a zone valve. When the activation button is pushed, or when another type of control turns the system on, the pump starts recirculating cooled water that's been sitting in the hot water line and sends it back to the water heater through the cold water line. When the water reaches a desired temperature a control closes the zone valve and turns off the pump. It is much like turning on the hot water faucet and letting the water run until it gets hot, but instead of the water going down the drain, it is simply returned back to the water heater. When the hot water faucet is turned on, hot water is readily available.
Insulated DoorsDoor sections containing insulating material.
Insulation Refers to the materials used within the walls, attics, and exposed floors of the home for the purpose of reducing thermal gains and losses.
Insulation Rating (R-value)Refers to an insulating material's resistance to conductive heat flow that is rated in terms of its thermal resistance or R-value. The highter the R-value, the greater the insulating effectiveness.
Insurance ExpenseTotal expenses paid for insurance in the one year.
IntercomAn electrical device allowing one-way or two-way communication, such as a PA or paging system.
Intercom EntryAn intercom on the outside of the house to speak with the guest from the inside of the dwelling.
Interior Ceiling HeightThe measurement(s) of the ceiling from the floor level.
Interior FeaturesFeatures of the home that are located inside the house.
Interior Garage StepsRefers to an internal staircase or steps in the garage.
Interior InsuranceAlso known as condo insurance, covers everything inside your unit, from your possessions to the drywall, cabinets, furnishings, and other materials. Also covers what most traditional policies cover, including damage from fire, smoke, lightening, wind, and theft/vandalism.
Interior LotA parcel of land that is surrounded by other parcels on all three sides.
Interior StepsAny number of steps, up or down, on the inside of the dwelling.
Interior WallsRefers to the area of the home that delineates a building and supports its superstructure, separates space in buildings into rooms, or protects or delineates a space in the open air.
Interior/Ceiling HeightThe height of the building measured inside from floor to ceiling.
IntermediaryA person who acts on behalf of another person in connection with futures trading, such as a Futures Commission Merchant, Introducing Broker, Commodity Pool Operator, Commodity Trading Advisor, or Associated Person.
Intermittent CreekOne that runs water when it rains, and does not when the weather is dry.
Internet DisplayIf seller selects NO, this listing will not be included in MLS data feeds to Internet websites that display property listing data, whether intended for advertising the property (AHS.om, Realtor.com) or providing online brokerage services (VOWs). If Internet Display is NO, then this listing will also not be included in the IDX data feed.
Internet RemarksField in the MLS whereby remarks are displayed on the internet, and intended to describe the physical attributes of the listed property only. Cannot contain any names, phone numbers, web addresses, email addresses, confidential showing instructions, or financial information.
Interstate RoadA network of limited-access highways (also called freeways or expressways).
Inventory (acquisition incl)The unsold items are included in the sale of the property.
Invisible FenceAn electronic pet fence or fenceless boundary that may or may not consist of a wire around the perimeter of a home, designed to keep a pet within the boundaries of the property without the use of a physical barrier. A wireless transmiter communicates to the animal the safe zone boundaries.
Irregular LotA custom-made lot not perfectly square or rectangular shaped.
TermDefinition
Janitorial ServiceA service rendered for the maintenance and upkeep of property.
Jenn-Air TypeBrand of luxury kitchen appliances.
Jetted TubA bath or garden tub with water jets built in.
Jogging/Biking TrailAn outdoor path through a forest or moor used for running and cycling
Junior High SchoolThe Junior High School associated with the property.
Junior High School OtherIf the listing is not in the ACTRIS coverage area, manually type in the name of the Junior High School the property is associated with.
Janitorial ServiceA service rendered for the maintenance and upkeep of property.
Jenn-Air TypeBrand of luxury kitchen appliances.
Jetted TubA bath or garden tub with water jets built in.
Jogging/Biking TrailAn outdoor path through a forest or moor used for running and cycling
Junior High SchoolThe Junior High School associated with the property.
Junior High School OtherIf the listing is not in the ACTRIS coverage area, manually type in the name of the Junior High School the property is associated with.
Janitorial ServiceA service rendered for the maintenance and upkeep of property.
Jenn-Air TypeBrand of luxury kitchen appliances.
Jetted TubA bath or garden tub with water jets built in.
Jogging/Biking TrailAn outdoor path through a forest or moor used for running and cycling
Junior High SchoolThe Junior High School associated with the property.
Junior High School OtherIf the listing is not in the ACTRIS coverage area, manually type in the name of the Junior High School the property is associated with.
TermDefinition
Key DepositUpfront cost to guarantee the return of the property's keys upon the release or end of a lease.
Key in LockboxThis means the key will be left in the lockbox and you must enter the code to gain access.
Key w/ Listing officeIn order to gain access to the property the key will be accessible with an office that has listed the property.
Key w/ Mgmt. CompanyThe liaison of the property will provide the key for access.
Key w/ OccupantThe person (s) that are in the property/dwelling will provide a key for access.
Key w/ ownerThe owner of the property/dwelling will provide a key for access.
Key w/Gate GuardThe key to the dwelling is located with the gate guard.
Kit/Din ComboThe Kitchen and Dining area are connected with no wall for separation.
KitchenA facility with receiving, storage, preparation, cooking, ware washing, and serving areas.
Kitchen EquipmentStoves, pots, pans, refrigerator, freezer, dishers, utensils, appliances, etc.
Kitchen Open to Family RoomNo wall separates the Kitchen area from the den/family room.
KitchenetteTiny kitchen area that is often built into the end of another room such as a room in an efficiency apartment.
Known Defects repairedThe building's known imperfections have been fixed.
TermDefinition
LakeA large body of water surrounded by land.
Lake on LotProperty that includes a body of water surrounded by land.
Laminate FlooringMulti-layer synthetic flooring product fused together with a lamination process. It is made to resist moisture to prevent board warping for a solid foundation.
Land and ImprovementsThe land and its adjustments are included in the sale.
Land Area MeasurementThe total amount of land for lease.
Land Area Measurement SourceThe Source of the Land Area Measurement data.
Land Area Measurement TypeThe measurement tool used for the Land Area Measurement.
Land AssessmentThe tax assessed value of the land.
Land DescriptionDescribes features of the property (look, positioning, and structure) that are located on the property.
Land DevelopedThe land has been built for use.
Land Development in ProgressThe property is being built, rebuilt or expanded.
Land Lease FeeTotal expenses paid for land lease in the one year.
Land Leases Exist/ AvailableThere are available property to be sold or leased.
Land Only (acquisition incl)Only the land is included in the sale.
Land PlattedLand that has been divided into surveyed lots.
Land SQFTThe measurement of a plot of land. Example: frontage x depth: 120 x 87.
Land StakedMarking the claim boundaries, typically with wooden posts or stone cairns.
Land SurveyedReferring to the land as measured and its area ascertained (learned).
Land Undeveloped/Raw/VacantThe land has not been dug or built on.
Land/Construction Permits SecuredThe land can be developed and has the liability in place to begin.
Landline PhoneA telephone line which travels through a solid medium, either metal wire or optical fiber.
Landscape PackageAn incentive that involves the gardening and maintenance of outdoor scenery.
Lap PoolThese types of pools are typically narrow and long, usually over 50’, to facilitate exercise and swimming for health and fitness.
Large Available SpaceThe largest area available to lease by the tenant.
Large Boat/RV GarageA garage with higher ceilings and wider than normal storages used to house boats, RV and other larger motorized vehicles.
Largest Available Space MeasurementMeasurement of the largest area available to lease by the tenant.
Last Months RentA monetary pledge to remain In the lease through the end of a contractual date.
Latent DefectsA fault in the property that could not have been discovered by a reasonably thorough inspection before the sale.
LaundromatBuilding equipped with laundry connections to wash/dry clothes.
Laundry FacilitiesThe type of laundry connections available in the property, if any.
Laundry LocationThe location in the dwelling where clothing can be washed and/or dried.
Lead Based Paint AddendumConsidered a hazardous material. It is potentially poisonous and its existence in property is to be disclosed to a buyer. Its presence is often difficult to determine because applications of lead-based paint may have been covered by more recent paint applications that are free of lead.
Lease BackThe simultaneous purchase of a property and lease back to the seller.
Lease CommentsAdditional information for the lease of the property.
Lease Expiration DateIf the current occupant is a tenant, this is when the Lease agreement expires.
Lease FrequencyThe time frame the List Price for a Commercial Lease listing is calculated.
Lease MeasurementThe area measurement the List Price for a Commercial Lease listing is calculated.
Lease Option (acquisition incl)Have the option of leasing items/other products from the property in the sale.
Lease PurchaseA lease that gives the lessee (tenant) the right to purchase the property at an agreed-upon price under certain conditions.
Lease RequirementsCertain aspects must be completed before the lease is accepted.
Lease TermThe length of lease allowed or accepted by the owner.
Lease TypeThe type of Lease the current Tenant has signed with the Owner/Property Manager.
Leased (L)The listing has been leased and the tenant has taken possession of the property.
LeasesDescribes the type of lease currently on the property; signed agreements to the property by a lessee and lessor.
LEED-HAlso known as LEED for Homes, is the United States Green Building Council (USGBC) green building certification for newly constructed single-family homes based on mandatory requirements and points achieved in sustainable sites, community connectivity, energy and water efficiency, construction material efficiency, indoor environmental quality, education and awareness, and innovation. Certification is administered by independent third-party raters and can achieve Certified, Silver, Gold, and Platinum certification levels.
Legal DescriptionLegally acceptable identification of real estate by one of the following: The government rectangular survey, Metes and Bounds, or recorded plat (lot and block number).
Legal DocumentsBinding legal documents and forms for real estate transactions.
Lender ApprovalLender's agreement to allow assumption after review of borrower's creditworthiness and income; can also apply to initial loan.
Level LotHome or property built on a slope or hill usually multi-leveled.
Library RoomAn area of the home used to store and read novels/book/magazines.
LicenseThe type of license or city permit the current establishment has obtained.
LienAn encumbrance against property for money due, either voluntary or involuntary.
Lifetime CapA provision of an ARM that limits the highest rate that can occur over the life of a loan.
LiftsMechanical tools used to raise an object(s) at higher position or level.
LightingRefers to the type of lighting used in the home, both indoor and exterior fixtures, and specific features of those fixtures.
Lighting recessedA light fixture that is installed into a hollow opening in a ceiling. When installed it appears to have light shining from a hole in the ceiling, concentrating the light in a downward direction as a broad floodlight or narrow spotlight.
Lighting TrackedA lighting system in which the lights are fitted on tracks, allowing variable positioning.
Limited # VehiclesThe number of vehicles allowed by restrictions and/or lease agreement.
Limited InformationInformation restricted or known pertaining to an agreement or property.
Limited ServicesPlan offered by some real estate brokers that allows the buyer to contract for less than the full array of brokerage services at reduced commission rates.
Limited Weight AllowedTotal weight limit for the animal(s) in or on the property.
Linoleum FlooringMaterial consisting of a canvas backing thickly coated with a preparation of linseed oil and powdered cork, used as a floor covering.
Liquor LicenseA license authorizing the holder to sell alcoholic beverages.
Lis PendensLatin: "suit pending" Recorded notice of the filing of a suit, the outcome of which may affect title to a certain land.
List DateThe date the listing becomes available in the MLS and to agents to view the property; on a listing agreement, the month, day and year the home was available to market.
List PriceThe asking price for the property.
Listing Agent 2The Co-Listing agent for this listing/transaction.
Listing Agent 2 IDThe co-Listing agent's license ID number
Listing Agent 2 NameThe licensed co -Listing agent's full name as it appears on their ID
Listing Agent IDThe primary Listing agent's license ID number for a listing.
Listing Agent NameThe primary Listing agent's name as it appears on their ID
Listing AgreementThe type of Listing Agreement used between the Listing Agent and the Owner of the property.
Listing Agreement DocumentThe origin of Listing Agreement used between the Listing Agent and the Owner of the property.
Listing Will Appear OnYour listing will not automatically be sent anywhere on the Internet. Manually select where you'd like the listing to be advertised online: AustinHomeSearch.com, Realtor.com, TexasRealEstate.com, Syndication, etc. Syndication means that your listings will be available for ACTRIS's approved syndication partner. Currently ACTRIS has an agreement with ListHub.
At least one option must be selected if Internet Display = Yes.
Liv/Din ComboThe living area and dining area are connected with no wall for seperation.
LivestockDescribes whether or not livestock are allowed according to the zoning codes and deed restrictions.
Livestock FarmA farm that raises cattle, sheep, pigs and other animals, but usually not horses. With horses, it is more commonly called a horse ranch.
Livestock FenceA fence, commonly wire, either barbed or wire net, or a combination to hold farm animals. Could be wood, but that is more commonly called a corral.
Livestock RestrictionA limitation placed upon the use of property concerning livestock on the property.
LivingDescribes the number of living rooms in the dwelling.
Living/Den RoomA room in a private house or establishment that is comfortable and secluded where people can sit and talk and relax.
Load ControllerA load controller is an outdoor computer that is installed next to your breaker panel and is connected to the 220v appliances like A/C units, clothes dryers, water heaters, electric spa heaters, etc. This unit constantly measures the usage of power in your home and directs efficiently to a pre-set priority which lowers your demand and thus your bill. As the demand increases, the load controller ""sheds"" (shuts off), lower priority appliances to maintain a user pre-set demand level. Dropping your demand 5kw = a $60 reduction per month.
LoadingThe type of loading area available to the property.
Loan AmountThe amount the borrower promises to repay, as set forth in the mortgage contract.
Loan Lease TypeThe type of Lease the Owner/Property Manager is offering to the potential Tenant.
Loan to Value Ratio (LTV)The ratio of the amount of your loan to the appraised value of the home. The LTV will affect programs available to the borrower and generally, the lower the LTV the more favorable the terms of the programs offered by lenders.
LockboxAn inferred box purchased from ABoR, that is used with the Keypad or eKey device.
Lockbox LocationThe location of the lockbox/combo box at the property.
Lock-InA written agreement guaranteeing the home buyer a specified interest rate provided the loan is closed within a set period of time. The lock-in also usually specifies the number of points to be paid at closing.
LoftUnpartitioned living space (one large room) or a space built just below the roof, above a larger room. Upper floor of a factory or warehouse.
LogA form of timber construction in which walls are made of tree trunks (or logs planed down to create flat or rounded sides) that are laid horizontally on top of each another.
Log LighterA utensil lit at one end, sometimes dipped in gas or oil, used to start fireplaces.
LOTLot Property Type - Unimproved area of land, or improvements hold no value.
Lot FeaturesDescription of the lot/property.
Lot SizeThe frontage and depth of a property. Example: 123 x 123.
Low/No VOC (volatile organic compounds)Products that off-gas at lower levels or no levels (as indicated) of volatile organic compounds. These products have less or no effect on indoor air quality.
Lower FixturesRefers to easily accessed switches for smaller residents or wheelchair access.
LSELease Property Type - Single Family dwellings or units for Lease.
TermDefinition
MachineryA collection of equipment used for labor.
Machinery (acquisition incl)The machines used in the dwelling included in sale.
Mailing StateAllows the user to select specific states to search for out-of-state owners or properties within the ACTRIS coverage area.
Main Level BedsThe number of bedrooms on the main level of the dwelling.
Maintenance ExpenseTotal expenses paid for maintenance in one year.
Maize-cropsThe land is used to grow maize.
Major TenantThe name of the tenant who holds the majority of the property.
Managed ByDescribes the management type, either Owner or Property Manager.
Management Co PhonePhone number of the Management Company for the property.
Management Co RepThe name of the person/representative of the Management Company for the property.
Management CompanyName of the Management Company for the property.
Manager PhonePhone number of the Management Company for the property.
Mansard RoofA roof that has four sloping sides, each of which becomes steeper halfway down.
Manual SprinklerEither a manual dripping system or watering can.
Manufactured HomeA home built entirely in a factory under a federal building code administered by the Department of Housing and Urban Development that went into effect June 15, 1976.
Mapsco GridThe Page and Grid the property is located in the Mapsco Map book.
Marble FlooringRe-crystallized limestone that can be identified by the veins running through it.
MarginThe number of percentage points a lender adds to the index value to calculate the ARM interest rate at each adjustment period. A representative margin would be 2.75%.
Market ValueThe theoretical highest price a buyer, willing but not compelled to buy, would pay, and the lowest price a seller, willing but not compelled to sell, would accept.
MasonryConstruction made from brick, cement block, or stone.
Master BedroomThe main sleeping quarter in the home.
Master DescriptionThe features included in the Master Bedroom of the dwelling.
Master MainThe mater bedroom of the house on the main level.
Materials and ConstructionSpecific property features that contribute to material resource efficiency and energy efficiency in the home’s construction and operations.
Maximum LeaseThis is the largest time frame a lease offer will be accepted.
Media RoomAnother term for a game room with home theater, snack bar, seating area, billiards table, etc.
Media/Home TheaterRoom used for entertaining or watching television/movies.
Membrane RoofA type of roofing material used mostly on flat or nearly flat roofs to prevent leaks and watershed on the roof. Membrane roofs are most commonly made from synthetic rubber, thermoplastic (PVC or similar material), or modified bitumen.
Mesh FenceFence made up of a network of wire or thread.
Metal RoofReferred usually as a tin roof, a roofing system made from metal pieces or tiles. It is a component of the building envelope.
Metal SidingAn exterior wall consisting of siding fabricated of metal, usually aluminum.
Meter DescriptionDescribes the type of utility meter on the property.
Mgmt CompanyName of the Management Company for the property.
MI (mortgage insurance)/Lenders ApprovalWhen mortgage insurance is required for loan approval. Many lenders insure their mortgages against loss due to a borrower's default. Mortgage lenders/investors typically permit cancellation of mortgage insurance when the homeowner builds up enough equity in the home.
Microwave OvenAn appliance that uses electromagnetic waves to create thermal heating in food instead of traditional stove reheating/cooking.
Mid RiseA four to ten floor building with elevator service.
Middle OtherDescribes middle school field in the MLS - If the listing is not in the ACTRIS coverage area, manually type in the name of the Middle School the property is associated with .
Middle UnitIt is preceded by the initial unit and followed by the final unit.
Middle/Intermediate SchoolDescribes the Middle/Intermediate School associated with the property.
Milo-cropsSorghum of a drought-resistant variety that is an important grain.
Mineral Interest/Rights/EstateThe privilege of gaining income from the sale of oil, gas, and other valuable resources found on land.
Mineral WoolA broad term used typically to refer to rock wool and slag wool. In some countries, this term is also used to refer to fiber glass.
Mini FarmA property with barns, sheds, fences common on farms but with very small acreage.
Minimum LeaseThis is the smallest time frame a lease offer will be accepted.
Mini-Split SystemProvide heating and air conditioning with one or more small wall- or ceiling-mounted units tied to a single outdoor compressor, allowing the zone serviced by each indoor unit to be controlled (usually with a handheld remote) separately from others in the home. Systems may be ductless (meaning there are no duct losses of conditioned air) or multi-port ducted, where several adjoining rooms are serviced by a small single unit. Systems are typically highly efficient and very quiet.
Misting SystemA fixture that sprays mists of water for dust control or to help cool down a patio/porch and its occupants.
Mixed RoofA roof made up of more than one materials.
MLS#The number automatically assigned by the MLS system to the particular listing.
Mo. (monthly) Pet RentAn additional monthly charge/rent for pets on the premises.
Mobile HomeA factory-assembled residence consisting of one or more modules, in which a chassis and wheels are an integral part of the structure, and can be readied for occupancy without removing the chassis and/or wheels.
Modified for Hearing ImpairedDescribed as a home that has amenities for a hearing impaired occupant.
Modified for WheelchairHome is accessible for physically impaired occupants.
Modified Gross LeaseModified Gross means, that the Owner or Landlord, is responsible for the major expense items, but the tenant is responsible for their directly related expenses
Modified SiteHome is adjusted for a disabled individual or occupant.
Modified Terms LeaseOwner or landlord changed some of the obligations and responsibilities under the lease of the new owner.
ModularA modular home is factory constructed and delivered to the home site in modules where it is assembled on foundation walls which have been constructed on the site.
Money OrderA printed order for payment of a specified sum, issued by a bank or post office.
Month to MonthIf the current occupant is a tenant, this describes the Lease is on a monthly basis.
Monthly PaymentDescribes the current monthly payment on the loan.
MortgageA legal document that pledges a property to the lender as security for payment of a debt.
Mortgage Insurance (MI)Insurance written by an independent mortgage insurance company protecting the mortgage lender against loss incurred by a mortgage default. Usually required for loans with an LTV of 80.01% or higher.
Mortgage Co.The lender that creates a lien upon all Real Estate as security for payment for the specified debt.
Mortgage Disability InsuranceA disability insurance policy which will pay the monthly mortgage payment in the event of a covered disability of an insured borrower for a specified period of time.
MortgageeThe lender in a mortgage, typically a bank.
MortgagorThe borrower in a mortgage, typically a homeowner.
Mosquito SystemApplication systems designed to spray pesticides in a fine mist to kill mosquitoes and other insects outdoors. Misting systems include spray nozzles that are mounted around the perimeter of the dwelling in the lawn or landscaping, or on parts of the house or fence. The spray nozzles are connected by tubing to a supply of insecticide. Some misting systems may be turned on at preset intervals using a timer.
Move-In RequirementsDocumentation or actions necessary before the property can be possessed.
MUD (Municipality Utility District)A utility that serves a limited geographic area, formed as a municipality rather than a private corporation to take advantage of lower interest rates available to municipal bonds. Allows development in an area that might otherwise not have utility services.
MUL (Multi-Family)Multi-Family property type describing a Duplex, Triplex or Fourplex dwelling.
Multi Family 5 + UnitsMulti-Family property consisting of five or more units of the same type (duplex, triplex, fourplex) being sold as a package.
Multi PID (Parcel ID)Describes a property listed that has multiple Parcel IDs with one or more counties, being sold as a package.
Multi-LevelThe property has more than two stories.
Multiple DwellingA residential structure that houses three or more families.
Multiple Lots (Adjacent)Multiple unimproved Parcels being sold as a package.
Multiple Machines (laundry)Refers that more than one washer/dryer can occupy the space.
Multiple Pets AllowedMore than one pet is allowed on the premises.
Multiple YardsMore than one yard is part of the property.
Multi-PlexA multiple family dwelling with 5-9 units.
Multi-ZoningDescribes a property that has multiple zoning codes from the county and/or city.
Murphy BedA bed that can be folded or swung into a cabinet when not being used.
TermDefinition
NAHB (National Association of Home Builders)Trade Association that seeks to ensure housing is a national priority and that Americans have access to safe, decent and affordable housing through ownership or renting.
NAHB-NGBS (National Green Building Standard)A green building certification created by the National Association of Home Builders (NAHB) for both new construction and remodeled residential units based on lot development, resource, water, and energy efficiency, indoor environmental quality, and education. Buildings are scored by independent third-party verifiers in seven categories with both mandatory requirements and points, achieving level classified by Bronze, Silver, Gold or Emerald certification designations.
Natural AcresThe part of the land covered by natural environment.
Natural Building System (Straw bale, etc.)Involves a range of building systems and materials (straw, earth materials, rock, etc.) that place major emphasis on sustainability. Ways of achieving sustainability through natural building focus on durability and the use of minimally processed, plentiful or renewable resources, as well as those that, while recycled or salvaged, produce healthy living environments and maintain indoor air quality.
Natural gasDescribes flammable gas, consisting largely of methane and other hydrocarbons, occurring naturally undergorund, that is supplied through pipes within the home.
Natural Gas AvailableRefers to the ability to install gas utilities by the owner or by a third party.
Natural Gas not AvailableRefers to the inability to have natural gas connected on the property.
Natural Gas on PropertyRefers to the property having the connections installed and working.
Natural Grass-cropsThe land is used to produce introduced and native grasses for pasture, grazing, and hay crops.
Natural Stone CountersCounters/work surfaces in kitchen composed of natural stone such as granite, limestone, marble, soapstone, gabbro, slate, etc.
NeededOwner will need to supply once purchased.
Negative Edge PoolThis type of swimming pool is also referred to as infinity swimming pools or infinity edge pools. These are designed to look like the pool extends all the way out to the horizon. The edge of the pool is level with the surrounding land.
Negotiable-TitleThe evidence to possess the land is negotiable as to who will hold the information.
Neighbor AboveAn occupant above, or at the top of, the property or dwelling.
Neighbor BelowAn occupant below, or at the bottom of, the property or dwelling.
Net LeaseA lease whereby, in addition to the rent stipulated, the lessee (tenant) pays some or all of the peroperty expenses that would normally be paid by the property owner. These may include taxes, insurance, maintenance, repairs, utilities, and other items.
Net Leased Indust/ NNN-Single TenantDescribes an Industrial property with a triple net lease where the single tenant agrees to pay all taxes, insurance and maintenance (the three nets) in addition to normal fees such as rent, utilities, etc.
Net Leased Office/ NNN-Single TenantDescribes an Office with a triple net lease where the single tenant agrees to pay all taxes, insurance and maintenance (the three nets) in addition to normal fees such as rent, utlities, etc.
Net Leased Retail/ NNN-Single TenantDescribes a Retail Office with a triple net lease where the single tenant agrees to pay all taxes, insurance, and maintenance (the three nets) in addition to normal fees such as rent, utilities, etc.
Net Net (NN) LeaseDescribes a double net lease where the lessee is responsible for taxes and insurance (two of the three nets). The landlord is responsible for any expenses incurred for structural repairs and common area maintenance.
Net Operating IncomeIncome from property or business after operating expenses have been deducted, but before deducting income taxes and financing expenses(interest and principal payments).
Net Rentable AreaIn a building or project, floor space that may be rented to tenants. The area upon which rental payments are based. Generally excludes common areas and space devoted to the heating, cooling, and other equipment of a building.
Net Rentable Area SourceDescibes the Source of the Net Rentable Area data.
New ConstructionThe property has not been lived in; the deed has not be changed from the builder.
New DesignA home with more modern features in its build.
New Loan AmountThe amount of the loan for the newly purchased property.
New Year BuiltDescribes the year the dwelling was constructed, not lived in.
No Adjoining NeighborNo occupant surrounds the property or dwelling.
No Backyard GrassThe backyard does not have any grass coverage.
No CarpetIndicates the home has no carpet installed in any areas.
No DiningNo eating or dining area in the home.
No Exterior StepsNo existing stairs or steps outside or around the home/dwelling.
No FenceThere is no enclosed gate in or around the property.
No HeatMeans no circulatory heating system in place.
No Interior StepsNo existing stairs or steps inside the home/dwelling.
No Known DefectsThe building has no known imperfections or shortcomings.
No W/D ConnectionsNo existing washer/dryer wiring or connections.
Non Assumable LienLimits the transfer of a lien from one owner to the new purchaser regardless of the debt or balance owed.
Non- Privacy FenceA fence or enclosing with view of the property from the street.
Non-Branded Virtual TourA virtual tour created that does not contain branded or contact information of the listing agent and/or broker of the listing in the MLS. Only information concerning the property is included.
Non-Conforming LoanAlso called a jumbo loan. Conventional home mortgages not eligible for sale and delivery to either Fannie Mae (FNMA) or Freddie Mac (FHLMC) because of various reasons, including loan amount, loan characteristics or underwriting guidelines. Non-conforming loans usually incur a rate and origination fee premium. The current non-conforming loan limit is ,601 and above.
Non-Visible EasementsRefers to the right of way path or land not easily accessed or visible by owner or other person(s).
Not AvailableDescribes lines/pipes not at the street.
Not ContainingDescribes a search in the MLS in an open text field that defines letters/words that will not be included in the results.
Not EqualDescribes a search in the MLS in an open text field that defines letters/words that will not match what is entered in the search, or be included in the results.
Not StartingDescribes a search in the MLS in an open text field that defines letters/words that will not start with what is entered in the search, or be included in the results.
NoteA written agreement containing a promise of the signer to pay to a named person, or order, or bearer, a definite sum of money at a specified date or on demand.
Notice of Trustee's SaleSale of property in foreclosure by the trustee, rather than through a judicial sale.
TermDefinition
Oak Wilt TestOak trees have been tested for Oak Wilt.
Oats-cropThe land is used to produce oats.
OccupancyPercentage of currently rented units in a building, city, neighborhood, or complex.
OccupantThe current occupant of the property.
Occupant PhoneThe phone number of the person(s) currently occupying the property.
Occupant TypeThe current occupant of the property.
Office Bldg.Building used for business purposes or to house a business.
Office EquipmentEquipment used for the function of an office's task.
Office/CondoIndividual apartment-like office that can be purchased as an individual unit and that has separate owners. Office condos are often created as part of a mixed-use renovation in downtown areas of medium to smaller cities.
office/Medical Bldg.Describes office housed in a Medical business/clinic.
Office/StudyA room in a house which is used for paperwork, computer work, or reading.
OfficesDescribes the number of offices on the property; a structure used primarily for the conduct of business, such as administration, clerical services, and consultation with clients and associates.
Off-Street ParkingDesignated parking spaces associated with a particular building or other structure which are not located on public streets.
OLP (Original List Price)The List Price of the listing when it was first entered.
On Golf CourseThe property line backs up to a golf course.
On PropertyLines/pipes are connected to the street.
On Site Renewable EnergyRefers to the ability to recycle energy on the property for other uses.
Online App/InstThere is an online application and specific instructions. The field in the MLS is used to provide a url for the online application or additional instructions for the application process.
On-Site Renewable EnergyRefers to electrical power generated on the property’s site from natural resources, such as wind, solar, and/or hydroelectric power.
Open HouseA method of showing a home for sale whereby the home is left open for inspection, viewing or touring by interested parties.
Open LotDescribes free range land with little trees or vegetation.
Open Parking CoveredOnsite parking with shelter, such as a carport.
Open Parking UncoveredOnsite parking with no shelter.
Open SpaceRefers to a room without a designated use and that has the potential for development.
Open to Family RoomDescribes a room that opens to the family room, an informal, all-purpose room in a house similar to a living room.
Operating Data YearThe fiscal year the information is gathered from.
Operating Farm/RanchThere is a working farm/ranch that produces income or goods and services.
OperationDescribes the type of business the land is mainly used for.
Option PeriodA situation in which a buyer puts down money for the right to purchase a piece of real estate within a set time period, but does not have an obligation to buy.
Option Period DateThe Date in which the Option Period will end.
Option to Renew LeaseDescribes whether or not the current tenant/occupant has the option to renew the lease at the end of the term.
Orchard OperationLand used to plant and grow fruit trees for income source.
Organic-CropsForm of agriculture that relies on techniques such as crop rotation, green manure, compost and biological pest control to grow crops without the use of genetically modified seed, synthetic pesticides and fertilizers.
Origination FeeA fee imposed by a lender to cover certain processing expenses in connection with making a real estate loan. Usually a percentage of the amount loaned, such as one percent.
OtherDescribes some feature other than those available in the list.
Other Comm/Income-See RemarksDescribes field used to note any other type of income.
Other DisclosuresPertains to other information regarding the property not attached to any other legal documentation.
Other Level BedsThe number of bedrooms on any level of the dwelling other than the main level.
Other Real Estate Owned (REO)Generally, foreclosed property held by lending institutions. An account at banks or savings and loan associations that includes property other than real estate used for bank operations.
Out of Area CityIf the property does not fall within the Areas covered by the ACTRIS MLS, the Area and County are Other. This allows you to manually type in the City name where the property is located.
Out of Area CountyThe name of the County, if it falls outside of ACTRIS boundaries.
Out of Area School DistrictThe name of the School District, if it falls outside of ACTRIS boundaries.
OutbuildingsA term used to refer to all nonresidential structures on a site. These include animal pens, storage buildings, sheds, barns, etc. on the same property but separate from a more important one, such as a house.
Outdoor BarAn area outside consisting of usually a tall table or fixture, used to serve food/ drinks.
Outdoor Living FeaturesFeatures or amenities on the property outside of the main dwelling or on the home's backyard landscape, such as a kitchen or enclosed living area.
Outside StorageDescribes buildings or structures used for storing something outside the main building.
Over 65 Tax ExemptionA full or partial retraction of property from the tax base, based on the age of the owner.
Overhead CraneAlso known as a bridge crane, a type of crane where the hook-and-line mechanism runs along a horizontal beam that itself runs along two widely separated rails.
Overhead UtilitiesDescribes utility lines that are hung overhead from power lines.
Overlay RoofThe new shingles are applied over the existing layer of shingles .
Owned by LenderThe property is owned by a bank or lending company.
Owner FinancingA debt instrument taken back by the seller as part of the purchase price for a property. Such financing is used as an inducement to a sale when normal third-party financing is expensive or unavailable and in situations where the existing, first-lien loan may be assumed by the buyer but the difference between the existing debt and sales price exceeds the cash resources of the buyer.
Owner NameName of the owner of the property. Name may be withheld, with written permission from the owner on file at the agent's office.
Owner Name SearchSearches the current owner of the property.
Owner PaysDescriptive of utilities and bills paid by the owner of the property, not the tenant.
Owner PhoneThe phone number of the owner of the property.
Owner/AgentThe owner of the property is also the Real Estate agent and has an active real estate license.
Owner/OccupiedDescribing if the owner of the property is currently occupying all or part of the property.
Ownership TypeDescriptive of the percentage of ownership of a property, such as Fee-Simple, Common, Fractional, or other.
TermDefinition
Paid ByDescribes who pays for a particular utility.
PaneledA single piece of material, usually flat and cut into a rectangular shape, that serves as the visible and exposed covering for a wall. Wall panels are functional as well as decorative, providing insulation and soundproofing, combined with uniformity of appearance, along with some measure of durability or ease of replace ability
Panoramic ViewBird's eye view: a situation or topic as if viewed from an altitude or distance.
PantryA small room or closet in which food, dishes, and utensils are kept.
PaperedDescribes decorative wall covering consisting of paper often colored and printed with designs and pasted to a wall.
PAR (Property Archive Report)The history of changes made on a listing, such as Price Change, Status Change, Listing Agent Change, etc.
Parcel/Property ID (PID)The identification of a piece of property under one ownership; a lot in a subdivision.
ParkA large area of land preserved in its natural state as public property.
ParkingThe number of parking spaces on the property.
Parking FeeThe fee that is paid to park in the parking lot, garage or space.
Parking Fee FrequencyHow frequently the Parking Fee must be paid.
Parking Fee FromThe minimum amount that must be paid for parking.
Parking Fee ToThe maximum amount that must be paid for parking.
Parking GarageA multi-story building with the sole purpose to park multiple vehicles in a confined space.
Parking RatioNumber of parking spaces per 1,000 square feet of gross leasable area.
Parking SpacesThe description of the parking in and around the property.
Parquet FlooringFlooring composed of wooden blocks arranged in a geometric pattern.
Partial FenceA fence or enclosure either only on the back, front, or side of the house or dwelling.
Partial InsulationOnly partially installed insulation, not complete.
Partial SprinklerDescribes sprinkler system used for fire protection where only a small number of rooms need to be protected and just the primary root of escape. A common example is loft conversions or houses with more than 2 stories where a modification has required further enhancements to the level of fire protection present.
Partially CultivatedPartial alteration to physical or chemical properties of the soil or vegetation by former agricultural use.
Party WallWall common to two adjoining buildings or rooms.
Passenger Elevator(s)A platform or compartment housed in a shaft for raising and lowering people between floors of a building.
PastureLand covered with grass and other low plants suitable for grazing animals, esp. cattle or sheep.
Patio CoveredDescriptive of a paved outdoor area adjoining a house, covered with a roof.
Patio UncoveredDescriptive of a paved outdoor area adjoining a house, not covered with a roof.
PavedDurable (hard and smooth) surface material laid down on an area intended to sustain vehicular or foot traffic, such as a road or walkway.
Paved/curbedDurable (hard and smooth) surface with a stone or concrete edging to a street or path.
Paved/Curbed/GuttersDurable (hard and smooth) surface with a stone or concrete edging to a street or path and a shallow trough fixed beneath the edge of a roof for carrying off rainwater.
Payment DueThe day of the month payment is due.
Pecan-CropsThe land is used to harvest pecan trees
Pellet StoveAn appliance of steel or beautiful cast iron that burns wood bio-mass pellets. These have forced exhaust blowers, thermostats and can be horizontally or vertically vented.
Pending (P)Contract Pending - An offer has been accepted on the property. For lease properties, the status is pending when the lease has been signed.
Pending DateThe date the status of the listing was changed to Pending or Pending Taking Back-Ups.
Pending Over 4 Months (PO)The computer automatically changes that status to PO from P or PB after 4 months.
Pending Taking Backups (PB)An offer has been accepted on the property; however, the owner would like to continue taking additional offers. This status needs to be used when there is an Option Period. For lease properties, the status is Pending Taking Backups when an application has been approved.
Per PersonEach individual pays the amount.
Per PetDescribes if the pet deposit is just a flat, all-covering fee, or if the deposit is per each pet.
Percentage of Gross LeaseLandlord Is responsible of paying a portion of property expenses such as taxes,insurance,utilities and repairs.
Percolation (Perc)TestA procedure to measure the drainage characteristics of the soil on a lot. The results are required to properly design a septic system.
Perimeter FenceThe percentage of the property where a fence encircles the entire property as a whole.
PerliteA volcanic glass that can be expanded through heating to produce a light, airy material used, among things, as infill insulation.
Personal PropertyProperty of owner included in sale.
Personal Property TaxDescriptive of a tax levied on an individual's personal property by the county or state in which they reside, excluding real property. Personal property is movable and cannot be fixed permanently to a location (art, furnishings, cars, boats, and other valuable assets).
Pest ControlDescriptive of the regulation or management of pests perceived to be detrimental to a person's health, the ecology or the economy.
Pest Tubes in WallsA series of small, connectorless, plastic tubes installed in the wall during construction that are periodically (usually through annual contract) injected with a small amount of insecticide as a means of treating or preventing some pest activity.
Pet (s) on PremisesThere are pet(s) in or around the property.
Pet AddendumA special addendum required for pet(s) on the premises.
Pet DepositDescriptive of a deposit required for any pets on the premises.
Pet DescriptionDefining the type of pets that are allowed on the property.
Pet(s) on PremisesLetting the Buyer's Agent know if there are pets, dog(s), cat(s), hamster(s), etc. in or around the house.
PetsDescribes whether or not pets are allowed on the property (y/n).
PGE/PUD EnergyProperty owned as a group, where individuals own the specific piece of land and structure they occupy, but also have a divided interest in a common area. A board, often referred to as a Homeowners Association, will govern the development.
Phone AvailableDescriptive of wiring and phone poles in and around the property.
Phone not AvailableNo connections or the inability to install a telephone system on the property.
Phone on PropertyA telephone is already working and assigned to the property.
PhotovoltaicThe process of converting light directly into electricity using specially designed silicon cells.
Picket FenceA wooden fence made of spaced uprights connected by two or more horizontal rails.
Pier and Beam FoundationA type of foundation with built-in crawl space under the structure. May be used with any shed, barn, or other unoccupied structure.
Pilings FoundationA type of foundation by which poles are driven in the ground as the base of a home or structure.
Pipe FenceA fence constructed of metal plumbing pipe.
PipelineA conduit or network of pipes used to carry liquids such as water, sewage, gasoline, and oil.
Pitched RoofA roof structure where the roof leans to one side of the house. It is also known as lean-to roof. The rafters are connected to the highest wall and then it is inclined to a lower wall, which then forms the pitched roof.
PITI (Principal, interest, taxes, insurance)The components of a monthly mortgage payment.
Planned Unit Development (PUD)A zoning classification that allows flexibility in the design of a subdivision. Planned Unit Development zones generally set an overall density limit for the entire subdivision, allowing the dwelling units to be clustered to provide for common open space.
Plans & SpecsThe arrangement of rooms in a building; built without a tenant or buyer/user.
Plantation ShuttersA solid and stable window covering usually consisting of a frame of vertical stiles and horizontal rails (top, center and bottom).
PlasterLayer of well-mixed lime and sand, sand and cement, or lime putty applied as a more or less even coat on a wall or ceiling to provide a smooth hard surface.
PlayscapeDesigned and integrated set of playground equipment, often made of wood.
Plumbed for IcemakerPlumbing is in place to the refrigerator for an automatic icemaker.
Plunge PoolDeep basin excavated at the foot of a waterfall by the action of the falling water.
Pocket DoorsA sliding door that slides along its length and disappears, when open, into a compartment in the adjacent wall. Pocket doors are used for architectural effect, or when there is no room for the swing of a hinged door.
PointsPrepaid interest assessed at closing by the lender. Each point equals 1 percent of the loan amount. (2 points on a $100,000 mortgage would cost $2,000 )
PolystyreneA type of plastic foam. It is often used in insulation, plates, egg cartons, coffee cups and disposable food containers. Anything made of this product is not very biodegradable and is also difficult to recycle.
PondA small body of still water formed naturally or by hollowing or embanking.
Pond on LotDescriptive of land including a small body of water.
PondsThe number of ponds on the property.
Pool MaintenanceSystem of care that keeps the water clean and balanced and equipment functioning properly.
Pool on PropertyDescriptive of a water-filled tank or depression, used for swimming, or as an ornamental feature in a garden.
Pool ServiceDescriptive of service used to maintain a pool.
PoolsThe number of pools on the property.
Porch EnclosedA porch that has a roof and walls, and often a door that opens into the enclosed area. Many homes feature an enclosed porch to shield the front door and the area in front of the front door from the elements outside, and to provide a protected area for guests.
Porch OpenDescriptive of a porch that is not enclosed, and projecting in front of an entrance of a building or home.
PossessionThe holding, control, or custody of property for one's use, either as owner or person with another right.
Post FenceDescriptive of a fence containing long poles, either whole or split, that are erected horizontally joining sections to form a zigzag pattern fence-line. May also be called a split rail fence.
Posted DateThe date the record was posted.
Poultry FarmDescriptive of a farm used to raise chickens/hens/turkeys.
Pre-foreclosureTransaction in which a third-party buyer purchases a property after the underlying mortgage has been posted for foreclosure, but before the property has been repossessed by the lender or liquidated to pay the debt.
Preliminary TaxesTaxes sent out during the first part of the year with the proposed values for that year's tax amount.
PrepaidsThose expenses of property which are paid in advance of their due date and will usually be prorated upon sale, such as taxes, insurance, rent, etc.
Prepayment PenaltyA charge imposed by a mortgage lender on a borrower who wants to pay off part or all of a mortgage loan in advance of schedule.
PrincipalAmount of debt, not including interest. The face value of a note or mortgage.
Prior Foundation RepairThe foundation has been restored previously.
Prior Residence InformationThe previous address, landlord and move-in/out date information from the applicant.
Privacy FenceThe use of fences to protect privacy, usually by preventing outsiders from seeing onto a property.
Private Back YardA backyard with barriers that shield it from the surrounding properties.
Private DockA dock attached with the property designated only for the owner of the land.
Private GardenA garden separated usually by a wall or ivy.
Private Golf CourseA facility/golf course where play is restricted to members and their guests.
Private HangarA large building at the airport where planes are stored or repaired, that is privately used.
Private Landing StripAn airfield without normal airport facilities that is privately used.
Private Mortgage Insurance (PMI)Insurance provided by nongovernment insurers that protects lenders against loss if a borrower defaults. Fannie Mae generally required private mortgage insurance for loans with loan-to-value (LTV) percentages greater than 80%.
Private RestroomsA room with a toilet and sink designated for an employee(s) and not patrons.
Private RoadDriveway leading up to a private house.
Private Road LotLand accessed only from the property's owner.
Private SewerRefers to a private waste system on the property versus a shared system amongst neighbors.
ProbateTo establish the validity of the will of a deceased person.
Procuring CauseeThe broker whose actions resulted in completion of the sales transaction.
Professional LicenseGives a 'permission to practice.' Such licenses are usually issued in order to regulate some activity that is deemed to be dangerous or a threat to the person or the public or which involves a high level of specialized skill.
Profit & Loss StatementSummary of the revenues, costs, and expenses of a company during an accounting period.
ProForma/ProjectedA method of calculation for financial statements designed to draw focus to specific figures when an earnings announcement is issued by a company and made available to the public in advance of a planned transaction such as an acquisition or a merger.
Programmable ThermostatA thermostat that allows the homeowner to set the temperature at different levels at different times of day. For example, in winter, it could be set to be colder while occupants sleep and warmer as occupants awaken, then colder again as occupants are away at work.
Propane AvailableThe property has the ability to be set up for propane.
Propane NeededThe property will need propane, but not currently on the property.
Propane on PropertyThe property has propane currently on it.
Property Address on InternetDescribes if the physical address of the property will be allowed to be displayed on the web sites to the general public.
Property InsuranceInsurance against direct loss or damage, consequential loss, loss due to liability for damages, or loss due to dishonesty or failure of others to perform their duty.
Property ManagementThe operation, control, and oversight of real estate as used in its most broad terms, and can involves the processes, systems and manpower required to manage the life cycle of all acquired property including acquisition, control, accountability, responsibility, maintenance, etc.
Property TaxA government levy based on the market value of privately owned property.
Property TypeDetermined by the Land Use Code in the County tax records.
Prorated RentPartial payment determined when not occupying the property the first date the original rental fee was due.
Prospects ReservedAn individual who, before the home was listed, spoke directly to the Realtor's client/seller about the possibility of purchasing their home after it is actually placed in the MLS. The homeowner may request that the agent include the person as an exclusion to the contract.
Public Elevator(s)A platform or compartment housed in a shaft, available to the public, for raising and lowering patrons/customers between floors of a building.
Public Golf CourseA facility that provides at least limited access and which may or may not offer memberships to the public.
Public HangarA large building at the airport where planes are stored or repaired that is open to the public.
Public Maintained RoadStreet kept/maintained by the city, and not responsible by the property owner.
Public RampCommunity accessible slope or pathway used for loading and unloading.
Public RestroomsA room with a toilet and sink for patrons and customers
Public Water SystemA government owned water system not sourced from the city or water district.
TermDefinition
Qualifying RatiosThe ratio of your fixed monthly expenses to your gross monthly income, used to determine how much you can afford to borrow. The fixed monthly expenses would include PITI along with other obligations such as student loans, car loans, or credit card payments.
Quarry Tile FlooringGlazed or unglazed ceramic tile made using an extrusion process.
TermDefinition
Radiant HeatThe process of emitting heat energy from a warm element such as a floor, wall or overhead panel rather than directly heating the air through conventional convection heating, such as through a radiator.
RadiatorApparatus for heating of a room, which gives off heat to the space by radiation and convection.
Rail Access/ SpurDescriptive of a rail spur connection consisting of a loading dock, platform, or other interface between an object and a railroad network where trains can leave the main track and park themselves in or beside the object for loading and unloading. Common feature for industrial facilities and warehouses.
Rail ServedDescribes whether the building is served by railroad.
Rain SensorA component of an irrigation system that contains materials that swell when wet and prevent automatic sprinkler systems from coming on while it is raining or if it has recently rained. When these materials dry out, the irrigation system will resume operations on its normal cycle settings.
Rainwater CollectionSystems that store rainwater collected during periods of rain to provide water source for either interior (with appropriate filtration for potable water standards) or exterior use (for landscape irrigation). Systems range in size from small rain barrels connected to downspouts on gutter systems to large tanks that collect rain off of entire roof areas
Raised FloorA type of floor used in office buildings (such as IT data centers) that provides an elevated structural floor above a solid substrate (often a concrete slab) to create a hidden void for the passage of mechanical and electrical services such as to carry cables, wiring, and electrical supply.
Ramp(s)An inclined plane installed in addition to, or instead of stairs.
RangeDescriptive of the type of range that conveys with the property.
Range- Free StandingDescriptive of a range used in traditional installations (against the kitchen wall), and typically has a backsplash with a clock and controls that are on the front, the top, or the backsplash.
Rate CapA limit on how much the interest rate can change, either at each adjustment period or over the life of the loan.
Rate Lock-InA written agreement in which the lender guarantees the borrower a specified interest rate, provided the loan closes within a set period of time.
Rating AchievedThe rating a Green Building Rating was given.
Rating YearThe year a Green Building Rating was given.
Real Estate TaxOwner will be responsible for paying the RE tax on the property. Also known as millage tax, is an ad valorem tax that an owner is required to pay on the value of the property being taxed.
Realtor.comSelect if you wish your listing to be sent to the national REALTOR public web site, www.realtor.com.
RebateCompensation received from a wholesale lender which can be used to cover closing costs or as a refund to the borrower. Loans with rebates often carry higher interest rates than loans with "points" (see above).
Reception RoomA room in a hotel or other building used for functions such as parties and meetings.
RecreationalThe building is used to play games and activities of leisure.
Recreational FarmDescriptive of a farm maintained without expectation of being a primary source of income.
References RequiredFriends or family information required to support and ascertain the applicant.
RefinancingThe process of paying off one loan with the proceeds from a new loan using the same property as security.
Refrigeration UnitA single assembly with a common frame or chassis, containing all or some of the components of a refrigerating machine. Electricity powers a motor that runs a pump to compress the refrigerant to maintain proper pressure.
RefrigeratorDescribes if the refrigerator conveys with the property.
Refrigerator MaintainedDescribes if the Owner/Property Management maintains the refrigerator equipment.
Refrigerator Sub-Zero TypeA brand of residential major kitchen appliances including refrigeration and wine preservation products built in the USA. The company also manufactures kitchen appliances under the Wolf brand name.
Refusal HoursThe amount of time (hours) for the Right of Refusal.
RegionA section of the city or county for public use; an area or division having definable characteristics but not always fixed boundaries.
Religious FacilityDescriptive of a building used as a place of worship.
Relo (relocation) Addendum RequiredAn addendum prepared by a Relocation company indicating their specific requirements. Typically used when an owner accepts a job with a relocation package but cannot sell their home before they need to move. The addendum removes all warranties, sells the house as-is, etc.
Renovation DescriptionDescribes the restoration of the primary residence. Generally, this includes repairs, improvements and additions to the permanent structure of the primary residence.
Renovation YearThe year in which major renovations were done.
Rent IncludesThe payment of rent includes others bills.
Rent RollA list of tenants, generally with the lease rent and expiration date for each tenant.
Rental RecordsDocumentation of past and current tenants and rental amounts.
REO (Real Estate Owned)Property acquired by a lender (bank, government agency, or government loan insurer) through foreclosure and held in inventory.
Repair and MaintenanceOwner will pay for any repairs and maintenance of property.
RepairsThe amount of money at closing either paid by the current owner, or allowance in the sold price for making repairs on the property. Example: The owner will give the buyer $5,000 for roof repairs.
Reporting ActStature regulating the use of credit information.
Reports AvailableDescriptive of findings of any defects that are available for research.
Required Documents/Agent InformationAny type of addendum or additional information added onto the contract or needed by fellow agents.
RES (Residential)Residential Property Type - Single Family Dwelling determined by the Land Use Code in the County tax records.
ResaleThe sale of a property previously bought/owned.
Reserved ParkingParking used for permit only.
Residential Mortgage Credit Report (RMCR)A report requested by your lender that utilizes information from at least two of the three national credit bureaus, and information provided on your loan application.
Residential Service ContractHome warranty or insurance contract, generally for one year, covering plumbing, electrical, and mechanical systems of the home.
ResortA resort is a place used for relaxation or recreation. As a result, people tend to seek out a resort for holidays or vacations. Generally, a resort is distinguished by a large selection of activities, such as food, drink, lodging, sports, entertainment, and shopping.
Restriction DescriptionDescription of the type of restrictions on the property.
Retail Bldg.-Other see RemarksDescriptive of retail building used for purposes other than those listed.
Retail bldg.-RestaurantDescriptive of retail building used to sell restaurant supplies.
Retail bldg.-Shopping/Strip CenterDescriptive of retail building used for consumer purchases of goods/services.
Rilled LotA small channel created by soil erosion and small enough to be obliterated by plowing.
RiverA large natural stream of water flowing in a channel to the sea, a lake, or another such stream.
Road Frontage DescriptionDescribes land bordering a street.
Road SurfaceThe construction of the street in and around the property.
Rolling LotControl of multiple lots tied up in land without paying full price on the first day the new owner took contractual control.
RoofDescriptive of the type of material used in the structure forming the upper covering of a dwelling or building.
RoomsDescriptive of additional rooms included in the dwelling.
ROW (Right of Way) RestrictionA restriction that does not allow other parties to use the land, but simply pass through. Typically rights-of-way are issued to allow access to an adjoining property.
Row CropDescriptive of a crop planted in rows that is wide enough to allow it to be tilled or cultivated by machinery rather than broadcasting. Examples are corn, beans, peas, and mixed vegetables.
Row Crop OperationDescriptive of farming that produces row crops.
RV/Boat ParkingDescriptive of a parking space/garage large enough to fit a RV or boat.
Rye-cropsA tall, hardy, widely cultivated annual grass grown extensively as a grain, cover crop and forage. Consists of soft bluish-green leaves, bristly flower spikes, and light brown grain.
TermDefinition
Sale Lease BackLease in which a company sells an asset to another entity-- such as an insurance company, institutional investor, finance or leasing company--in exchange for cash, then leases back the same asset.
Sales RestrictionsDescriptive of limitations placed on the property.
Saltwater Swimming PoolPools that use a chlorine generator to produces chlorine from regular salt, so these pools require little to no other chemicals to maintain water quality. This process produces lower levels of chlorine and prevent algae growth but have less affect on swimmer health, lower odor, and do not cause fading of swimwear.
Sandy LoamA soil mix of coarse sand, silt, clay, and organic matter.
Satellite Dish- LeasedDescriptive of a satellite dish that is leased.
Satellite Dish- OwnedDescriptive of a satellite dish that is owned.
SaunaA small room used as a hot-air or steam bath for cleaning and refreshing the body.
SBA (small business administration) Type LoanA federal government agency in Washington, D.C., that encourages small business by providing loans for acquiring a business, refinancing, startup funds, equipment, partner buyout, or the for the purchase of real estate.
Schedule of Personal PropertyTime frame for the release of the new property to the new owner.
Scheduled Gross IncomeThe rental rate of a property multiplied by the total rentable space.
School DistrictThe name of the school district the property is zoned to attend and pay taxes to.
Screened Patio/PorchA covered shelter projecting in front/back of the entrance of a building insulated with a mesh screen or wall.
SD Cond (Sold Condition)Describes the condition of the home/property at the time of sale.
Sealed Attic AssemblyRefers to a non-vented attic that is completely sealed and “within the thermal envelope,” meaning it is within the insulated space of the home. This method of construction usually indicates that all of the mechanical systems (air conditioning, heating, and related ductwork) are also “within the thermal envelope” so that it has reduced loads from external weather conditions (hot summers or cold winters) and operates more efficiently to conserve energy.
Second KitchenDescriptive of a room that usually separates the stove from the rest of the home. It was mainly constructed in old homes as a means to protect the home in the event of a kitchen fire.
Section 8Privately owned rental dwelling units participating in the low-income rental assistance program created by 1974 amendments to Section 8 of the 1937 Housing Act. Under the program, landlords receive rent subsidies on behalf of qualified low-income tenants, allowing the tenants to pay a limited proportion of their incomes toward the rent.
Security Code AttachmentAn attachment type where the Listing Agent can place security codes such as alarms, gate, access codes in a secure attachment that is only visible to members of the MLS.
Security DepositA cash payment required by a landlord, to be held during the term of a lease to offset damages incurred due to actions of the tenant. Such damages may include physical damage to the property, theft of property, failure to pay back rent and breaking the lease. forfeiture of the deposit does not absolve the tenant of further financial liability.
Security Deposit Payable ToThe person/entity the Security Deposit is payable to.
Security GateA movable metal fixture installed in front of a property to protect it from theft or vandalism. Usually can be opened to provide entrance by documented residents, tenants, or owners.
Security LightingOften used as a preventive and corrective measure against intrusions or other criminal activity on a physical piece of property. For most homes it is placed in the front and the sides of the home or dwelling.
Security RoomA room used to monitor the safety of the property usually with cameras and alarms.
See DisclosureDescriptive of additional comments provided in the Seller's Disclosure that should be read by the buyer and Buyer's Agent.
See EES (Energy, Environment, and Sustainability) Attachment Descriiptive of additional property information contained in the Energy, Environment and Sustainability attachment.
SEER Rated 13-15Refers to the energy efficiency rating or Seasonal Energy Efficiency Ratio (SEER) of 13 to 15 on a common central air conditioning system and air source heat pumps. The higher the rating, the more energy efficient it is.
SEER Rated 16+Refers to the energy efficiency rating or Seasonal Energy Efficiency Ratio (SEER) of 16 or more on a common central air conditioning system and air source heat pumps. The higher the rating, the more energy efficient it is.
Seller Carry BackAn agreement in which the owner of a property provides financing, often in combination with an assumed mortgage.
Seller Imposed RestrictionTypically, those restrictions are created when the owner conveys land to a purchaser and the deed recites the specific restrictions to be imposed. As long as the restrictions do not violate local governmental, state, or federal law, they can be enforced by the seller and any other party authorized to enforce the restrictions as set forth in the deed.
Seller Name SearchSearches the most recent seller of the property.
Seller Provided Survey AvailableDescriptive of information provided from the seller regarding the prosperities and the opinion of a property's value and character.
Seller TypeDescriptive of the person or entity that is selling the property.
Seller's DisclosureRequires sellers to inform buyers about known problems with the house, as well as any remodel projects completed during the time they owned the home.
Seller-TitleThe seller has the paper/title that is the evidence of possession of the land.
Senior High SchoolDescriptive of the Senior High School associated with the property.
Separate Kitchen FacilitiesDefined as another section or extension, separate from the rest of the home or a property, designated for cooking or the preparation of food.
Separate Living QuartersDefined as another section or extension, separate from the rest of the home or a property, designated for an individual to eat, sleep and inhabit separately.
Separate MeterDescriptive of the type of meter on a commercial property.
Separate ShowerDescriptive of a self standing shower not connected to the tub.
Separate Spa/Hot TubA spa and/or hot tub that is not attached to the pool on the property.
Separate UtilitiesBills are paid by the owner or leasor of the property.
Septic CertificationPaperwork or document pertaining to the inspection of plumbing systems, and the passing and clearance of any issues.
Septic NeededDescriptive of no septic systems installed on property.
Septic SharedDescriptive of a septic system that is shared by more than one dwelling.
SewerDescriptive of thetype of sewer or septic system for the property.
Sewer on PropertyRefers to the waste system on the property shared by the housing community.
Sewer Paid ByThe party that pays for the sewer fees.
Shared BathA bathroom that has multiple doors shared/in common with a connecting bedroom, or that leads to multiple bedrooms.
ShedsDescriptive of the number of sheds on the property.
Sheet RockDrywall, Plasterboard or gypsum board panels pressed between two thick sheets of paper to make interior walls and ceilings.
Sheet Vinyl FlooringFlooring material made up on vinyl sheets or squares and available in many colors and patterns with a clear wear layer.
ShoalsShallow areas located offshore where eroded sand builds up.
Short Sale ApprovedDescriptive of the sale of real property where the fair market sale price is less than the loan balance.
Short Sale PotentialA property where the lending company will consider a short sale.
Show RoomA large space used to display products for sale, such as automobiles, furniture, appliances, carpet or apparel.
Showers-OfficeDescriptive of an enclosure in which a person stands under a spray of water to wash for private or managerial uses.
Showers-PlantDescriptive of an enclosure in which a person stands under a spray of water to wash for employee uses.
Showing InstructionSpecial instructions to the Buyer's Agent on how to show the property; if they need to make an appointment or just go.
ShuttersEach of a pair of hinged panels, often louvered, fixed inside or outside a window that can be closed for security or privacy or to keep out light.
Side Yard SprinklerDescriptive of location of sprinkler device, irrigation pipe or tubing on the side of a dwelling or property.
SidewalkA paved path for pedestrians at the side of a road.
SignDescriptive of a visible sign on the property.
Sign-BuildingThere is a sign advertising the business on display on the building.
Sign-FreestandingDescriptive of business signage usually by the road, aimed primarily at the distant or motoring public. Typically internally illuminated, these are commonly found in shopping centers and other retail environments.
Sign-RoofSign structure that is erected on or above a roof, or that is installed directly on a roof's surface. Like a freestanding sign, it is aimed primarily at the distant or motoring public.
Silestone/Corian Type CountersSolid-surface countertops made of manmade durable non-porous or natural quartz materials. Corian is synthetic marble and silestone is a man-made solid surface countertop made of quartz.
Silo(s)Usually a tall, cylindrical structure in which fodder (animal feed) is stored; may be a pit dug for the same purpose.
Single LotOne unimproved Parcel being sold separately.
Single Pet AllowedOnly a single pet is allowed on the premises.
Single WideA mobile home 14 feet (4.3 meters) in width, used as a permanent residence.
Site PlanA document that describes how a parcel of land is to be improved. It includes the outlines of all structures and site improvements, such as driveways, parking lots, landscaping, and utility connections.
Site-ApartmentDescriptive of site zoned or purposed for an apartment.
Site-hotel/motelDescriptive of site zoned or purposed for a hotel/motel.
Site-IndustrialDescriptive of site zoned or purposed for industrial use.
Site-Mixed UseDescriptive of site zoned or purposed mixed use.
Site-Multi Family 5+ unitsDescriptive of site zoned or purposed for multi family dwelling.
Site-OfficeDescriptive of site zoned or purposed for offices.
Site-PadDescriptive of site zoned or purposed for a pad site, a freestanding parcel of commercial real estate loacted in front of a larger shopping center or strip mall.
Site-RetailDescriptive of site zoned or purposed for retail.
Site-Single Family DevelopmentDescriptive of site zoned or purposed for residential or single family development.
Sitting RoomA room in a private house or establishment where people can sit and talk and relax.
Sitting/Study RoomA room in a house which is may be used for relaxing, reading and/or office work.
Situs AddressThe physical location of a property from the county appraisal district.
SkylightWindow installed in a roof or ceiling to allow natural light.
Slab foundationPoured concrete built directly on soil with no basement or crawl space.
Sloped LotLand with a sloping down hill design.
Small Aircraft AirportDescriptive of airport that services small aircraft of 12,500 pounds or less, the maximum certificated takeoff weight.
Smallest Available SpaceThe smallest area available to lease by the tenant.
Smart BuildingA building that achieves significant energy savings by taking advantage of improved technology and materials in terms of structure, appliances, electrical systems, plumbing and HVACR.
Smoke DetectorA fire-protection device that automatically detects and gives a warning of the presence of smoke.
Smoking InsideThis is to inform the tenant if smoking is allowed inside the dwelling.
SoilThe type of soil on the property.
Soil TestGeologic engineering tests to determine the capability of the soil to support proposed improvements or to determine the strength and properties of a required building foundation.
Solar AssistedPanels usually installed on a roof that collect the sun's energy and convert it to electricity for use in the home.
Solar HeatActive solar space-heating systems consist of collectors that collect and absorb solar radiation combined with electric fans or pumps to transfer and distribute that solar heat. Active systems also generally have an energy-storage system to provide heat when the sun is not shining. The two basic types of active solar space-heating systems use either liquid or air as the heat-transfer medium in their solar energy collectors.
Solar Heated PoolPool heated, powered, filtered and pumped with solar panels with the energy from the sun.
Solar ScreenA sun shading device, such as screens, panels, louvers, or blinds, installed to intercept solar radiation.
Solar UtilitiesDscribes utilities derived from the use of solar power.
Solar Water HeaterTechnology that uses the conversion of sunlight into renewable energy for water heating using a solar thermal collector.
Sold (S)Listing status that indicates the listing has closed and/or funded.
Sold As-IsPremises are accepted by a buyer or tenant as they are, including physical defects except latent defects; Without guarantees as to condition, as in a sale.
Sold/Leased CommentsField in the MLS that should be used to explain repairs, commission concessions, or costs paid by the seller and designated for pertinent information that helped facilitate the transaction. It may not contain subjective congratulations or personal notes.
Sorghum-cropsGenus of numerous species of grasses, one of which is raised for grain and many of which are used as fodder plants, either cultivated or as part of pasture.
Spa/Hot TubDescribes if there is a Spa and/or Hot Tub on the property.
Space HeaterA self-contained appliance, usually electric, for heating an enclosed room.
Special AddendumMost often refers to the specific addendums that indicate other requirements by lenders that are not clearly spelled out in the original contract.
Special AssessmentThe amount of tax or special payment due to a municipality or association. An owner's or lessee's proportionate share of a common expense.
Special Assessment DistrictAn area where a special assessment is imposed because of a public project that benefits the owners in the defined area.
Special Showing InstructionsAdditional information for the buyer agent to view the property. Example: tenant contact information.
Split Rail FenceZigzag patterned fence of logs split lengthwise, which are held together with spikes.
Sport FacilityA place where a pro- or semi-pro sport team plays.
Sport PoolThis type of pool typically is no deeper than five feet. Sport Pool, also known as Play pools, are generally built for cooling off and relaxing in, playing volleyball, other water sports, as well as for swimming laps.
Spring Fed CreekA body of water, confined within a bed and banks and having a detectable current fed by a natural spring.
Sprinkler SystemAn integrated system of piping and sprinklers installed in an area to water the ground.
SQFT (square footage)Defines the square footage of the living area, or liveable space (HVAC), of a dwelling that is heated or cooled. This measurement includes all closet space, hallways, and interior staircases. Attached garages are not included in the square footage of living area, but valued separately. Living area above attached garages is included in the square footage living area of the dwelling. Living area above detached garages is not included in the square footage living area of the dwelling but is valued separately. Residential building measurements are done from the exterior, with individual measurements rounded to the closest foot.
SQFT SourceThe source of the SQFT data (for example, tax records, appraiser, etc.)
Sr High OtherIf the listing is not in the ACTRIS coverage area, manually type in the name of the Senior High School the property is associated with.
SSQFT (Sold Price per Square Foot)Calculation derived by dividing the sold price by the square foot of the dwelling or building.
Stable(s)A building in which domestic animals are sheltered and fed.
Stackable W/D (washer/dryer)A washer/dryer laundry unit made to function vertically (stacked) on one another to save space.
Standard Industrial ClassificationFederally designed standard numbering system classifying industries by a four-digit code, and used by government agencies to classify industry areas.
Starts WithWhen searching in an open text field, the word must begin with the typed entry.
StateDescribes if the property listed is outside the state of Texas.
State Land Use CodeA coding system maintained by some states to designate the primary use of each property.
Steel ConstructionAny of various alloys based on iron containing carbon (usually 0.1-1.7 per cent) and often small quantities of other elements such as phosphorus, sulphur, manganese, chromium, and nickel. Steels exhibit a variety of properties, such as strength, machinability, malleability, etc., depending on their composition and the way they have been treated
Steep TopographyAn area where the difference in elevation between the existing ground and the proposed street grade at the property line is greater than 8 feet.
StepsAny number of steps, up, down, in or around the dwelling.
S-Tile RoofA ceramic roof material molded in the shape of an S for structure and design.
Stilt FoundationThe stilts are embedded deep into the ground by drilling a large hole to whatever depth is specified and then cementing the stilts into place.
Stilt HomeHouses raised on piles over the surface of the soil or a body of water. Stilt houses are built primarily as a protection against flooding.
Stone VeneerDecorative building material manufactured to replicate the look of natural stone. The names artificial stones, stacked stone veneer, manufactured stone are also used for stone veneer.
Stop ExpenseIn a lease, stipulates an amount of operating expense above which the tenant must bear. often the base amount is the amount of expense for the first full year of operation under the lease.
Storage ShedA building designed for extra space, with or without electricity, used to house tools or other possessions.
StoriesDescriptive of the amount/number of different levels in a dwelling.
Storm DoorsStorm doors help provide a pocket of air between the main door and the exterior of the home, creating an insulating effect. They can also help protect the main door from the elements such as wind, rain, and ice.
Storm WindowsStorm windows are a single pane window often installed on the interior of the main windows of the home to help provide better insulation in the same way a storm door does. Sometimes if window replacement is cost prohibitive, adding storm windows can be the next best thing for saving energy.
StrawbaleA building method that uses bales of straw as structural elements, building insulation, or both. This construction method is commonly used in natural building or "brown" construction projects, demonstrating a sustainable method for building from the standpoint of both materials and energy needed for heating and colling.
Stream on LotDescriptive of land with a creek on its property.
Street NumberA unique number assigned to each building in a street or area, with the intention of making it easier to locate. The house number is often part of a postal address.
Street SurfaceDescriptive of the durable surface material laid down on an area intended to sustain vehicular or foot traffic, in and around the property.
Street Traffic CountThe recording of the vehicles and pedestrians passing a given point, usually in a day.
Structure - No ValueA structure, such as a barn or shed, that has no improvement value placed upon it.
StuccoA mixture of sand and cement used to cover the exterior surface or interior walls of a home or building.
Sub-AgentNot as common as it used to be, but usually arises when a buyer, who is not represented, uses the services of a broker to view a property. That broker then owes a fiduciary duty to the listing broker and the seller—not the buyer—and the buyer is treated as customer of the broker. It is important that a broker in this situation obtain permission from the listing broker, and explain his or her role to the buyer to avoid any confusion.
SubdivisionA tract of land divided into lots suitable for home-building purposes. Some states and localities require that a subdivision plat be recorded.
SubleaseA lease of a property by a tenant to a sub-tenant.
Sun RoomA structure usually constructed onto the side of a house with large windows and/or glass roof, designed to allow in a lot of sunlight, and which allows enjoyment of the surrounding landscape while being sheltered from adverse weather conditions such as rain and wind.
Sunken Living/DenA room at a sunken or lower level used to create height variances between rooms or areas and define functional zones.
Surface WaterWater above the surface of the land, including lakes, rivers, streams, ponds, floodwater, and runoff.
SurveyThe process by which boundaries are measured and land areas are determined; the on-site measurement of lot lines, dimensions and positions of a building on a lot, including the determination of any existing encroachments or easements.
SustainabilitySpecific property features that contribute to long-term benefits to the community.
TermDefinition
Tack RoomA place to store horse riding equipment including saddle and bridle etc.
Tankless Water HeaterTankless water heaters provide hot water at a preset temperature when needed without storage, thereby reducing or eliminating standby losses. Tankless water heaters can be used for supplementary heat, such as a booster to a solar hot water system, or to meet all hot water needs. Tankless water heaters have an electric, gas, or propane heating device that is activated by the flow of water.
TAR Listing AgreementThe Texas Association of REALTORS© Listing Agreement
Tar/Gravel RoofRoof constructed primarily or solely of tar and/or gravel material.
Tax Billing AddressThe mailing address for the owner of the property. May be different than the physical address of the property.
Tax EscalationDescriptive of a tax increase.
Tax RateThe ratio of a tax assessment to the amount being taxed.
Tax RecordInformation taken straight from the County Appraisal District tax record.
Tax Return AvailableDescriptive of whether or not tax return information is available.
Tax YearThe year the tax information is referencing.
Tear DownDemolition of a home or dwelling.
Tear Down on PropertyThe value of the property is not in the dwelling, but in the land. The dwelling on the property has been determined to be torn down.
Temp DateThe date the status of the listing was changed to Temporarily Off the Market.
Temporarily Off Market (T)Status descriptive of a property not currently available.
TenantThe current occupant of the unit.
Tenant ExpensesThe utilities and bills paid by the tenant, not the owner.
Tenant House(s)Additional building on the property for the leasor to occupy.
Tenant Pays The utilities and bills paid by the tenant, not the owner.
Tenants-in-CommonAn undivided interest in property taken by two or more persons. The interest need not be equal. Upon death of one or more persons, there is no right of survivorship.
Tentative Close Date (TCD)The approximate date of when the construction will be complete and/or the contract will be finalized.
Terazzo FlooringA sturdy flooring finish of marble chips mixed with cement mortar. After drying, the surface is ground and polished.
Texas VetRefers to an individual that has served in the armed forces or military.
TextureA rough or grainy surface quality.
Thermal WindowsWindows designed with multiple panes to trap air and provide greater insulation.
Tile Hard FlooringManufactured piece of hard-wearing material such as ceramic, stone, metal, or even glass used to make up flooring.
Tile RoofDescriptive of a roof made of fired clay tiles.
Tillable AcresArable farmland capable of being farmed productively.
Timber FarmA privately owned forest managed on a multiple use basis with timber production as an important management goal.
TimeshareOwnership that involves the acquisition of a specific period of time or percentage of interest in a vacation home or resort.
Tinted WindowsDescriptive of many types of window tint available in the market for a wide variety of use, from solar heat reduction to UV protection, privacy to safety and security, decorative applications to heat retention.
TitleThe evidence one has of right to possession of land.
Title InsuranceInsurance against loss resulting from defects of title to a specifically described parcel of real property.
Title SearchAn investigation into the history of ownership of a property to check for liens, unpaid claims, restrictions or problems, to prove that the seller can transfer free and clear ownership.
To-Be-BuiltHome that has been designed but no construction has taken place.
ToiletsDescriptive of the number of toilets/stalls in a building.
Tools (acquisition incl)Tools from the property included in sale.
Topo Level TerrainDescriptive of the level, vertical and horizontal dimiension of the land surface.
Topo- Sloping TerrainDescriptive of land made up of inclined hills or foothills view.
Topo-Cleared TerrainDescriptive of virgin land not developed.
TopographyThe state of the surface of the land; may be rolling, rough, flat, etc.
Topography MapA map displaying the state of the surface of the land; may be rolling, rough, flat, etc.
Topo-Hill Country TerrainRegion of Central Texas that features tall rugged hills that consist of thin layers of soil lying on top of either limestone or granite.
Total Actual RentThe amount of rent that is currently being collected for the whole property. This is a calculated field in the MLS from the Rent fields for each unit.
Total Annual Operating ExpensesAll expenses for the year added together.
Total Approx. Sqft-BldgThe approximate total amount of square footage of the bldg.
Total Approximate Net Rentable SpaceIn a building or project, approximate floor space that may be rented to tenants; area upon which rental payments are based.
Total Appx sqft-LandThe approximate amount of square footage of the land.
Total Assessment ValueThe assessed values for the land and building added together.
Total Available SpaceThe whole area available to lease by the tenant.
Total BathsThe total number of baths in a dwelling, adding Full and Half Baths together.
Total Debt RatioMonthly debt and housing payments divided by gross monthly income. Also known as Obligations-to-Income Ratio or Back-End Ratio.
Total PointsBuyer and Seller Points added together for the transaction.
Town HouseA dwelling unit, generally having 2 or more floors and attached to other similar units via party walls. Town houses are often used in planned unit developments and condominium developments, which provide for clustered or attached housing and common open space.
Trade Name (acquisition incl)The name of the business or dwelling included in the sale.
Transitional FarmA farm that is beginning the process of converting from conventional agriculture to organic agriculture.
Trash CompactorA machine or mechanism used to reduce the size of waste material or soil through compaction.
Trash RemovalOwner will pay to have trash taken off property.
Tree FarmThe cultivation of trees for the production of timber.
TreesDescriptive of the amount and size of trees on the property.
Triple Net (NNN)Lease under which the tenant pays all operating expenses of the property. The landlord receives a net rent.
Triple WideTriple-wides and even homes with four, five, or more units are also built, although not as commonly.
TriplexA building with three apartment or town house units.
Truck Crop OperationHorticultural practice of growing one or more vegetable crops on a large scale for shipment to distant markets. Farming food crops such as tomatoes, potatoes, peas, etc.
Truck WellDescriptive of loading dock or bay used to receive trucks and their merchandise.
Truth-in-Lending ActA federal law requiring a disclosure of credit terms using a standard format. This is intended to facilitate comparisons between the lending terms of different financial institutions.
TurbinesDevice that converts the flow of a fluid (air, steam, water, or hot gases) into mechanical motion for generating electricity.
Type of Home AllowedDescriptive of the type of dwelling allowed by deed and/or land restrictions.
Type Of PropertyDescriptive of the commercial property type.
TermDefinition
U.S Highwayintegrated system of roads and highways in the United States numbered within a nationwide grid.
Under ConstructionA property where the construction has begun on the dwelling, but is not complete.
Underground UtilitiesUtility lines are dug and buried underground.
UnfinishedRefers to the walls being incomplete on a property or structure.
Unimproved RoadDescriptive of road that is not paved or repaired (dirt road, potholes, etc.)
UnitDescriptive of a suite of rooms making up a residence for 1 tenant. It is characterized by a private entrance and some method of individuality from other units in the building or complex.
Unit #Descriptive of an assigned number to one of many units in a building or complex.
Unit MaxThe maximum number of bedrooms and bathrooms per unit.
Unit StyleDescription of the individual unit type/style available to possess.
UnitsDescriptive of the number of total units available on the property.
Universal Land Use CodeA universal coding system offered by First American CoreLogic that enables users to employ a simplified and consistent coding system for their searches in all counties. The Universal Land Use code is routinely featured on Realist searches and data presentations as a drop down list.
Updated A/C unit (<12 SEER)A/C unit with SEER rating less than 12.
Updated A/C Unit(>13 Seer)A/C unit with SEER raing greater than 13.
Updated/RemodeledDescriptive of a home that has been restored or modernized by changing the appearance and functional utility of a building. May include painting, repairing, and replacing of fixtures and equipment.
Upgraded EE (energy efficient) FeaturesDescribes whether or not the property has Upgraded Energy Efficient Features. If answered Yes, then the seller should complete and submit the EES Attachment. The attachment is located on ABoR.com at http://www.abor.com/mls/EES.pdf
UrethaneA synthetic chemical structure formed by one of three specific chemical reactions. See Polyurethane.
USDA EligibleAlso known as the USDA Rural Development Guaranteed Housing Loan Program, a mortgage loan offered to rural property owners by the United States Department of Agriculture.
UtilitiesThe type of energy and phone system available for the property.
Utilities AvailableDescribes lines/pipes that stop at the street.
Utility EasementUse of another's property for the purpose of laying gas, electric, water, and sewer lines.
Utility RoomA room equipped with appliances for washing and other domestic work.
TermDefinition
VA (Veteran Affairs)Department of Veterans Affairs, a government agency that provides certain services to discharged service members.
Vacancy AmountThe amount of the property that is not currently leased by tenants.
Variable Rate CommissionThe commission being paid to the Buyer's Agent has a variance. For example, if the buyer's agent is from the same office as the listing agent, the commission may be less.
Vaulted CeilingA ceiling formed in any variety of curved shape, which arches above the floor within a home.
Vendor leasesA situation where a retail vendor aligns with a leasing company to provide vendor leasing. The vendor establishes a deal with a financing source so that the vendor can offer leases to customers.
VeneerWood or brick exterior that covers a less attractive and less expensive surface.
VermiculiteOne of a group of micaceous hydrated silicate minerals related to the chlorites and used in lightweight insulating concrete.
Vertical SidingAny finishing material that covers the outside walls of a frame building. Can be made of wood boards, aluminum, steel, vinyl or any other length of material that can be attached in a repetitive manner on outside walls hung vertically.
ViewDescriptive of the scene when looking out from a door or window or the property.
Vinyl FenceFence made using vinyl or related materials. It is used for agricultural fencing, horse racing and residential use.
Virtual Tour BrandedA virtual tour created that contains branded or contact information of the listing agent and/or broker of the listing in the MLS.
Virtual Tour Non-brandedA virtual tour created that does not contain branded or contact information of the listing agent and/or broker of the listing in the MLS. Only information concerning the property is included.
Visible EasementsRefers to the right of way path or land easily accessed by owner or other person(s).
TermDefinition
Walk-in ClosetA closet measuring a minimum of 84" wide by 72" deep that is large enough that you can actually step inside and move about, rather than just reach in with your hands.
Walk-in PantryA storage room with a walkway used for food, utensils, cleaning products etc. that is large enough that you can actually step inside and move about, rather than just reach in with your hands.
Walk-In ShowerA vertical standing wash area in the bathroom that can be accessed without having to step up or over, to enter. Sometimes considered a "walk-behind" as they are often behind a solid wall or glass block.
Wall InsulationInsulation placed in the walls of a structure that reduces or prevents the transmission of heat or sound or electricity.
Wall UnitA piece of furniture having various sections, typically shelves and cabinets, desgned to stand against a wall.
Wall Unit (heater)A hanging mounted heater that can also plug into an outlet.
WarrantyA written guarantee, issued to the purchaser of an article by its manufacturer, promising to repair or replace it if necessary within a specified period of time.
Washed/Dryer ConnectionsDescriptive of a home/dwelling that has wiring for laundry equipment.
WasherA machine used for wet laundry; a field in the MLS descriptive of whether the washer conveys with the property.
Washer MaintainedReferes to whether the Owner/Property Management maintains the equipment.
WaterThe supply for the water to the property.
Water AccessThe property has close access to a body of water, through the neighborhood.
Water Access TypeThe type of access to the body of water close to the property.
Water bed DepositA fee in place that guarantees payment in the event of damage to a unit due to a leak or break in the waterbed.
Water Capacity/Quality ReportDescribes the measurement of the tank's ability to hold water and the outcomes of its purity or lack thereof.
Water ConservationSpecific property features that contribute to efficient use of water resources from both indoor and landscape uses.
Water DistrictAny district, including any multipurpose district, created by the private and special laws of the State to perform the functions of a water utility.
Water DockageDescriptive of facilities for docking vessels.
Water HeaterRefers to the system(s) used to heat water for the home.
Water Heater – ElectricA tank device for heating water and storing heated water using electricity as the heat source.
Water Heater – GasUses a tank (typically 40-, 50-, or 75-gallon) for storing and heating water using natural gas or propane.
Water Heater – GeothermalUses energy extracted from the natural heat of the earth (ground source) or exchanges heat with a body of water (water source) to provide hot water.
Water Heater – RecirculatingSystem that can be activated by the push of a button or by a thermostat, timer or motion sensor, and generally consist of a pump, an integrated electronic controller, and a zone valve that operate continuously, or by timer or motion sensor, to ensure that hot water is always available without any waiting time during the defined period of operation, but use energy continuously during those periods even if water is not being used.
Water Heater – SolarConsists of special solar panels on the roof that provide the main source for heating water for the home. The system uses a storage tank to store the heated water and usually uses either electric or gas back-up for periods when the sun does not provide enough heat (i.e. cloudy days).
Water Heater – TanklessDelivers hot water at a preset temperature when needed, but without requiring the storage of water. Tankless water heaters have an electric, gas, or propane heating device that is activated by the flow of water.
Water Heater-Tanklessefficient appliance that uses a heat exchanger to heat water only when it’s needed
Water Paid ByThe party that pays for the water fees.
Water softener-leasedDescribes whether or not the device or substance that softens hard water by removing certain minerals, is leased.
Water softener-ownedDescribes whether or not the device or substance that softens hard water by removing certain minerals, is owned.
Water/Sewer ExpenseTotal expenses paid for water/sewer in the one year.
Water/Well ReportDescribes the location, ownership, construction details and lithology of a completed well.
Water/Well TestA test that is conducted by a licensed well driller, a licensed pump installer, a hydrogeologist, or an engineer to determine the sustained production capability of the well.
WaterfallDescriptive of a swimming pool with a mock waterfall installed.
WaterfrontLand, land with buildings, or a section of a town fronting or abutting on a body of water.
Weight Limit - Ex-Large (over 50 lbs)Descriptive of the weight limit (may be over 50 lbs) for the animal(s) in or on the property.
Weight Limit - Large (under 50 lbs)Descriptive of the weight limit (under 50 lbs) for the animal(s) in or on the property.
Well NeededA well will be needed to supply water to the property.
Well on PropertyA well is currently on the property.
Well SharedA well that is shared among multiple properties.
WellsDescriptive of the number of wells on the property.
Wet BarAn area used to serve alcoholic beverages for entertaining.
WetlandLand consisting of marshes or swamps; saturated land.
Wetlands Approval/WaiverA consultant makes a site visit to gather field information about the topography, soils and vegetation. From this, a determination can be made as to whether or not any wetlands are present. Then this document is given to solidify the findings of the consultant.
Wetlands Delineation MapThe wetland points can be mapped by either using a compass and measuring tape (single family properties only), GPS mapping equipment or a surveyor.
Wheat-cropsAny of various Old World annual grasses of wide climatic adaptability that are cultivated in most temperate areas for the wheat they yield.
Whole House FanA fan designed to move air through and out of a home and normally installed in the ceiling.
Wide DoorsAllows a wheelchair easy access in and out of the home.
Wildlife Tax ExemptionA full or partial retraction of property from the tax base, based on animal life on the property.
WindRefers to electrical power supplied by an onsite wind turbine.
Wind utilityAn eco friendly natural resource using wind and turning mills to power homes.
Window TreatmentsInterior decoration (curtains, blinds, valences, etc) for a window or window frame.
Window UnitA heating or cooling system in a non-load bearing device to fill a hole in a wall or window opening, consisting of both frame & sash parts.
Windows & DoorsRefers to the type of windows and doors installed on the home’s exterior and certain features of those devices.
Wine RoomStorage room for wine in bottles or barrels .
Wire Barb FenceFence consisting of strong wire with sharply pointed barbs at close intervals.
Wire Smooth FenceEssentially the same product as barbed wire with no barbs – either a two-wire twist or a single strand. Its primary advantage is that it is less likely to cause lacerations and cuts if an animal becomes entangled in it or rubs against it.
Wired for CableHome has capability/connections for cable, but non installed.
Wired for SecurityElectrical system in place for the installing of a home security system.
Wired for StereoElectrical system in place for speakers or amplified sound.
Wired for Surround SoundSystem installed by the builder for surround sound equipment.
Withdrawn (W)Status that indicates the listing is no longer available. The contract was terminated before the expiration date.
Withdrawn DateThe date the status of the listing was changed to Withdrawn.
Wood FenceFreestanding structure made up of wood materials designed to restrict or prevent movement across a boundary.
Wood ShakeDescriptive of rough shingles split from a piece of log, usually cedar, used for roofing and siding.
Wood ShingleThin, tapered pieces of wood primarily used to cover roofs and walls of buildings to protect them from the weather.
Wood Under Carpet FlooringWood flooring that is currently covered by carpeting.
Wooded-HeavyRefers to land that is made up of a thick forest area.
Wooded-MediumRefers to land that is made up of a moderate forest.
Wooded-SparseRefers to land filled with scattered/sparse trees.
Workshop RoomA room that houses tools and supplies.
Written Application (+)Indicates that the application and other supportive documentation is needed.
Written Application OnlyNo other supported documents needed other than the application.
Wrought Iron FenceDescriptive of iron alloy with a very low carbon content in contrast to cast iron. This is what gives it a "grain" resembling wood, which is visible when it is etched or bent to the point of failure.
TermDefinition
XeriscapeCreative landscaping for water and energy efficiency and lower maintenance. The seven xeriscape principles are: good planning and design; practical lawn areas; efficient irrigation; soil improvement; use of mulches; low water demand plants; good maintenance.
TermDefinition
Year BuiltThe actual date in time when real property improvements were placed into service (home was built), or when construction of the improvements was completed. Remodels do not count unless it was torn down completely.
Year Built DescriptionWhere the information comes from or any designations pertaining to the year built.
Year EstablishedThe time the business was founded.
Year-Round CreekRefers to a creek with a constant flow of water and doesn’t experience a drought.
Years EstablishedDescriptive of how long the property/business existed.
Years On LeaseThe amount of years left on the current lease of the property.
TermDefinition
Zero DownGeneral term referring to real estate acquisition strategies based on seller-provided financing and/or existing loan assumption and minimal use of cash down payments. It is a method of achieving maximum profits from real estate investments.
Zero Lot LineA form of cluster housing development in which individual dwelling units are placed on separately platted lots. They may be attached to one another, but not necessarily.
Zone Air/HeatDescriptive of dividing your central air/heat system into up to multiple zones for independent temperatures in various areas of your home.
ZonedAn area set off by local ordinance for specific use, subject to certain restrictions or conditions.
Zoned SprinklerA system that is adjusted to irrigate different parts of the lawn in segments to meet the needs of the lawn. I.e.: the shrub bed needs less water than a grass lawn so its timing to release the water will be different.
ZoningA legal mechanism for local governments to regulate the use of privately owned real property by specific application of police power to prevent conflicting land uses and promote orderly development.
 

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