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Real estate vocabulary

Illinois Real estate glossary

Plain-English definitions, exam tips and examples.

A

abstract of title

acceleration clause

acceptance

accession

accounting

accretion

accrued expense

acknowledgment

acreage

actual eviction

actual notice

ad valorem tax

addendum

adjustable-rate mortgage

adjusted basis

adjustment

adverse possession

affiliated business arrangement

agency

agency by estoppel

agency by ratification

agency disclosure

agent

air rights

alienation clause

amendment

Americans with Disabilities Act

amortization

amortization schedule

annexation

annual percentage rate

anticipation

antitrust

appraisal

appraisal contingency

appraiser independence

appreciation

appreciation rate

appurtenance

area

asbestos

assemblage

assessed value

assignment

assignment of lease

associate broker

assumption

attachment

attorney fee

attorney-in-fact

automated valuation model

avulsion