My clients will sometimes say, "I've got a stupid question for you…. what does <insert odd real estate term> mean?
Of course I always respond that there is no stupid question in this process. This is a big deal, buying and selling a house, and one should never feel that they don't full understand every little bit of what is going on. That's why you work with a Realtor who you trust.
Still, it's nice to have a reference for all those terms that come up during your transaction.
Below is a link to the Federal Trade Commission's Real Estate marketplace glossary.
The Federal Trade Commission, the agency that promotes competition
and protects consumers, has prepared this glossary to help you
better understand the terms commonly used in the real estate
and mortgage marketplace. You'll find it here.
Portland Oregon Real Estate Information,
Portland Oregon Highlights.