Here are 10 critical real estate terminology words and definitions you should know for the exam. If you want more terms, then join our exam prep program. Link is below.
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One of the categories on the exam is real estate principles, which covers the foundational understanding of real estate, such as financing, ownership, rights, and more. Head Instructor, Robert Rico, teaches you the 10 most important vocabulary terms you should know to ace this category on your real estate exam.

Chapters:
00:18 - What is a bilateral contract?
00:58 - What is a unilateral contract?
01:57 - What does caveat emptor mean?
04:18 - What is a cloud on title?
06:16 - What does dual agency mean?
07:51 - What does escheat mean?
09:12 - What does intestate mean?
09:57 - What is a holdover tenant?
10:54 - What is a Real Estate Transfer Disclosure Statement (TDS)?
12:36 - What is a Voluntary Lien?
15:08 - What does TRID mean?

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