agreement of sale
Known by various names, such as contract of purchase, purchase agreement, or sales agreement according to location or jurisdiction. A contract in which a seller agrees to sell and a buyer agrees to buy, under certain specific terms and conditions spelled out in writing and signed by both parties.

abandonment
absolute fee simple title
abstract of judgment law
abstract of title
accelerated cost recovery system
accelerated depreciation
acceleration clause
acceptance
access
accessibility
accretion
acknowledgment
acre
acre foot
active income
active solar system
actual age
addendum
additional principal payment
add-on interest
adjustable-rate mortgage (arm)
adjusted book basis
adjusted cost basis
adjustment date
adjustment period
administrator
administrators deed
adr
ad valorem tax
adverse possession
adverse use
aeolian soil
affiant
affirmation
a-frame design
agency
agency closing
agent
agglomeration
agreed boundary
agreement of sale
air rights
alcove
alienation clause
alkali
alkaline soil
alley
all-inclusive mortgage
all-inclusive trust deed
allodial system
allowances
alternative minimum tax
alternative mortgage
aluminum-clad windows
aluminum siding
amenities
american society of home inspectors
americans with disabilities act
amortization
amortization schedule
amortization tables
amperage
anchor bolt
anchoring tentant
ancillary probate
annual
annual mortgagor statement
annual percentage rate (apr)
annuity
anticipation
anticipatory breach
application
application fee
appraisal
appraisal fee
appraisal report
appraised value
appraiser
appreciation
arbitration
arbor
arch
architect
architectural fees
arpent
asbestos
as-is condition
asking price
assessed value
assessment
assessment rolls
assessor
asset
assets
assignment
assignor
assumable mortgage
assumption
assumption clause
assumption fee
attachment
average price
avigation easement
awning windows
baby boomers
back fill
back title letter
back-to-back escrow
backup offer
backwater valve
balance
balance sheet
ballon note
balloon-frame construction
balloon loan
balloon mortgage
balloon payment
balustrade
bankruptcy
bargain sale
baseboard
baseboard electric heat
basement
basis point
bay
bay window
bearing wall
bed tax
before-tax income
beneficiary
bequest
betterment
betterments
bidding war
bilateral contract
bill of sale
binder
biweekly mortgage
blackout drapes
blanket insurance policy
blanket mortgage
blighted area
blind nailing
blue-ribbon condition
blue sky laws
blue-sky laws
board-and-batten siding
board foot
board of equalization
boilerplate
boma
bona fide
bond
bond market
bonds
book value
boot
boring test
borough
borrow
borrow pit
boulevard
boundary
braced framing
breach
breach of contract
breach of covenant
breach of warranty
break-even point
breast height
breezeway
brick
bridge loan
broker
brokerage
broom clean
brownstone
buffer strip
builder upgrades
building and loan association
building code
building inspector
building line or setback
building moratorium
building paper
building permit
building restrictions
build-to-suit
built-ins
bulkhead
bundle of rights
bungalow
business park
butterfly roof
buydown
buy-down mortgage
buyer broker
buyers market
buyers remorse
bylaws
call clause
call option
cancellation clause
can lights
cantilever
cap
cape cod style
capital
capital expenditure
capital gain
capital gains
capital gains tax
capital improvement
capitalization
capital loss
cap rate
caravan
carport
casement window
cash flow
cashiers check
cash-on-cash return
cash-out refinance
cathedral ceiling
caulk
caveat
caveat emptor
cavedium
ceiling height
central air conditioning
central business district
central business district (cbd)
certificate of deposit
certificate of deposit (cd)
certificate of deposit index
certificate of eligibility
certificate of eligibility
certificate of occupancy
certificate of reasonable value (crv)
certificate of sale
certificate of title
chain of title
chair railing
change frequency
change order
chattel
chattel mortgage
chimney back
chimney flue
chimney pot
cinder block
cinder fill
circuit breaker
cistern
classified property tax
clear title
client
closing
closing costs
closing costs
closing statement
cloud on title
cluster development
clustering
co-borrower
codicil
co-housing
coign
co-insurance
collapsible corporation
collar beam
collateral
collateral security
collection
collusion
column
column footing
co-maker
combination door
combination window
commercial bank
commercial property
commingling
commission
commitmen
commitment fee
common area
common area assessments
common-area assessments
common-area-fees
common areas
common elements
common-interest development
common law
community property
community reinvestment act
community shopping center
commute
comparables
comparable sales
comparative market analysis
competent
completion bond
component depreciation
compound interest
concrete tilt-up
condemnation
conditional commitment
conditional sales contract
condominium
condominium conversion
condominium hotel
conduit
conformity
congregant living
consent judgment
conservator
consideration
construction budget
construction documents
construction loan
construction to permanent loan
consumer credit counseling service (cccs)
contemporary style
contiguous lots
contingency
contingency listing
contingent fee
contract
contract for deed
contractor
contract to purchase
contractual lien
contribution
controlled growth
conventional loan
conventional mortgage
convertible adjustable-rate mortgag
convertible arm
conveyance
conveyance tax
cooperating broker
cooperative
cooperative (co-op)
cooperative corporation
cooperative farm credit system
cooperative mortgages
cooperative project
co-op housing
corner bead
corner influence
cornice
corporate relocation
corporation
corrective work
cosign
co-signer
cost approach
cost of funds index (cofi)
cost-plus contract
cottage
counteroffer
counter offer
covenant
covenants
craftsman style
crawl space
creative financing
credit
credit card discounts
credit history
credit life insurance
creditor
credit report
credit repository
credit scoring
credit union
cross-bridging
curtesy
cycles
debt
declining-balance method
deed
deed-in-lieu
deed in lieu of foreclosure
deed of trust
default
deferred exchange
deficiency judgment
delinquency
demand
deposit
depreciation
discount
discounted cash flows
discount points
discretionary funds
discretionary trust
disintegration
documentary stamps
dower
down payment
draws
due diligence
due-on-sale clause
due-on-sale provision
duplex
earnest money
earnest money deposit
easement
easement rights
easy money
e-commerce
economic life
economic obsolescence
effective age
effective demand
effective rate
eminent domain
encroachment
encumbrance
equal credit opportunity act (ecoa)
equilibrium
equitable interest
equity
equity loans
escalation clause
escheat
escrow
escrow account
escrow analysis
escrow disbursements
estate
eviction
examination of title
exchange
exclusive listing
executor
face value
factoring
factory-built houses
fair credit reporting act
fair housing law
fair market value
fannie mae (fnma)
fannie maes community home buyers program
feasibility study
federal housing administration (fha)
fee simple
fee simple estate
fha mortgage
fiduciary
financial intermediary
firm commitment
first mortgage
fixed expenses
fixed-rate mortgage
fixity
fixture
flood insurance
foreclosure
franchise
front footage
functional obsolescence
general obligation bonds
general partner
general warranty deed
gentrification
government loan (mortgage)
government national mortgage association
graduated lease
graduated payment loan
grantee
grantor
gross income
gross lease
ground lease
growth management
hazard insurance
highest and best use
hobby tax rules
home equity conversion mortgage (hecm)
home equity line of credit
home inspection
homeowners association
homeowners insurance
homeowners warranty
homogeneous tenants
hud
hud-1 settlement statement
hud median income
hypothecation
income approach
incremental taxes
incubator industry building
industrial development bonds
industrial park
infant industries
inheritability
inheritance tax
installment factor
installment sale
intelligent buildings
interest
interest factor
interim financing
interim loan
internal rate of return
inter vivos trust
intestate
investment
investment trust
involuntary lien
irrevocable trust
joint tenancy
joint venture
judgment
judicial foreclosure
jumbo loan
junior mortgage
labor-intensive
land bank
land ownership
late charge
lease
leasehold estate
leasehold interest
leasehold mortgage
lease option
lease with option to purchase
legal description
lender
lessee
lessor
leverage
liabilities
liability insurance
lien
life cap
life care
life estate
limited liability company
limited partnership
line of credit
liquid asset
liquidity
listing
loan
loan officer
loan origination
loan servicing
loan-to-value (ltv)
location
lock-in
lock-in clause
lock-in period
loft
mall
manufactured homes
margin
marketable title
market data approach
market value
maturity
mechanics lien
megacenter
merged credit report
mineral rights
miniwarehouse
mobile-home mortgage
modification
moratorium
mortgage
mortgage banker
mortgage broker
mortgage commitment
mortgagee
mortgage insurance (mi)
mortgage insurance premium
mortgage insurance premium (mip)
mortgage life and disability insurance
mortgage note
mortgagor
multidwelling units
multiple listing
necessary goods
negative amortization
neighborhood
net lease
net worth
no cash-out refinance
no-cost loan
nominal interest rate
no-points
notary public
note
note rate
notice of default
occupancy rate
offer
off-site improvements
open market operations
operating expenses
opm
option
original principal balance
origination fee
owner financing
partial payment
payment change date
periodic payment cap
periodic rate cap
personal property
piti
piti reserves
planned unit development
planned unit development (pud)
plat
pmi
point
points
power of attorney
pre-approval
prepayment
prepayment penalty
pre-qualification
prime rate
principal
principal balance
principal interest taxes and insurance (piti)
private mortgage insurance (mi)
promissory note
public auction
purchase agreement
purchase money transaction
qualifying ratios
quitclaim deed
rate lock
real estate agent
real estate broker
real estate settlement procedures act (respa)
real property
realtor
recorder
recording
refinance transaction
refinancing
remaining balance
remaining term
rent loss insurance
repayment plan
replacement reserve fund
restrictive covenants
revolving debt
right of first refusal
right of ingress or egress
right of survivorship
sale-leaseback
secondary market
second mortgage
secured loan
security
seller carry-back
sellers market
servicer
servicing
settlement statement
special assessments
special lien
special warranty deed
state stamps
subdivision
subordinate financing
survey
sweat equity
tax
tenancy in common
third-party origination
title
title company
title insurance
title search
transfer of ownership
transfer tax
treasury index
trustee
truth-in-lending
two-step mortgage
two- to four-family property
va mortgage
variable interest rate
vested
veterans administration (va)
voluntary lien
waive
wrap-around mortgage
zoning ordinances