Glossary+

Glossary Plus

This glossary covers concepts and terms related to real estate, modern business tools and more. You can read straight through or jump to the concept and term you need.

If you want to jump to a specific section of the glossary select the first letter of the word. If the subject you want starts with a digit or symbol, choose the '#' link.

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z #

- A -
Back to Top

Adobe Acrobat Reader
Software that lets you view and print forms offered to you online.

AFAIK
Means "As Far As I Know" in a internet chat session.

Agency
A commitment and responsibility to provide real estate services to a buyer or a seller. The type of agency services a company provides can make a difference in full disclosure of important information and in negotiating process.

Agency Disclosure Form
A form required by the Ohio Division of Real Estate in real estate transactions where licensed agents and brokers are involved. The form requires the broker/agent to identify and declare their agency policies to you in writing.

Agent
Usually refers to a sales associate that works for a license broker.

A la Carte
Have it your way!

Automatic MLS Property Notifications
A personalized real estate information update service for all Leland Homes clients. Gain an slight edge advantage through greater insight into the market. Delivered to you by email. There is no cost. Its value is priceless. Call Leo at 440-338-1927 for specific details.

- B -
Back to Top

Band Width
The capacity to communicate in cyberspace.

Broker
A higher level of real estate licensing than someone referred to as an sales associate/agent.

Buyer Remorse
A sensation buyer's get when they realize they have made a commitment to buy real estate. It usually goes away when they review the facts that brought them to make their decision.

- C -
Back to Top

CMA
A Competitive Market Analysis is a compilation of facts related to a specific property for the purpose of determining market value and marketing strategy.

Confidentiality
A requirement of Agency in a real estate transaction.

Cyber-Ready
The knowledge and tools necessary for successful online excursions.

- D -
Back to Top

Disney
Originated the Creative Thinking Objectives Circle:
The Unique Factor, Show It, Romance It, and Plusing

Domain
The last part of an Internet address, such as "news.com."

Down
When a web site or a computer has technical trouble so that you can no longer gain access to it, "the system is down."

- E -
Back to Top

Escrow
The process of collecting, holding and distributing all the necessary rights, funds, and documents in a real estate transaction.

Escrow Agent
A disinterested third party in a real estate transaction.

Exclusive Agency
Gives the seller the right to market their property For Sale By Owner and through an agent at the same time.

Exclusive Right To Sell
Seller agrees to refer all leads and inquiries to their broker/agent.

Email
Electronic mail -- a way to send a private message to somebody else on the Net. Used as both noun and verb.

Experience
Something that is nice to have when you need it.

Equal Opportunity in Housing
The law. It states that all people must be treated equally and that it is legal to discriminate against any person because of race, color, religion, sex, ancestry, handicap, familial status, or national origin.

Ethics
The rules and practices of an individual or group.

- F -
Back to Top

FAQ
Frequently Asked Questions.

FTP
File-Transfer Protocol. A system for transferring files across the Net.

FSBO
For Sale By Owner

Funds and Documents Date
The date that the all parties to a real estate transaction agree to deliver to escrow the items they are responsible for in the transaction. For example, the buyer brings in the balance of the funds for the purchase and the seller executes a deed to transfer title.

Full Service Plan
We help with all the details from the initial property preview, establishing the right price, marketing, finding the Buyer, negotiating the sell, completing the contract, paperwork, and follow-up details necessary for Title Transfer. Our fee for this program starts at 5%.

- G -
Back to Top

Get a life
What to say to somebody who has, perhaps, been spending a wee bit too much time in front of a computer.

GIF
Graphic Interchange Format. A format developed in the mid-1980s by CompuServe for use in photo-quality graphics images. Now commonly used everywhere online.

Good
Not bad.

- H -
Back to Top

Home Inspections
Professional home inspections can save you time and money. Of course, any personal service is only as good as the person providing it. For names of Home Inspectors call Leo at 440-338-1927.

Home Warranty
Additional peace of mind when you are buying or selling real estate. Learn more.

Host System
A public-access site; provides Net access to people outside the research and government community.

HTML
Hypertext Markup Language. The coding used on Web pages to define hyperlinks (see), graphics and the like.

HTTP
Hypertext Transport Protocol. The system used to connect World-Wide Web resources to each other and to users.

Hyperlink
A way to connect two Internet resources via a simple word or phrase on which a user can click to start the connection.

- I -
Back to Top

IMHO
In My Humble Opinion.

Insurance Binder
Buyer's proof of a one year prepaid home insurance policy. They are general required by lenders during the escrow process.

Internet
A worldwide system for linking smaller computer networks together. Networks connected through the Internet use a particular set of communications standards to communicate, known as TCP/IP.

Intranet
A private internal network utilizing the same resources as the Internet.

Ireland
A piece of heaven here on earth.

- J -
Back to Top

Java

- K -
Back to Top

Knowledge
A resource of the advantaged.

- L -
Back to Top

Leland Homes, Inc.
A unique real estate company that offers personal experienced Real Estate and General Contracting services.

- M -
Back to Top

Megan's Law

Millimeter
Inches divided by 24.5 equals millimeters. Example : 12" divided by 24.5 = 0.47 millimeters.

MLS
Multiple Listing Service. A property listing service for licensed real estate professionals that agree to work together on "listed" properties. Leland Homes, Inc. is a member of the North East Ohio Real Estate EXchange - Multiple Listing Service.

- N -
Back to Top

National Association of Realtors�
This is the largest trade industry in the United States. (aka - NAR)

Netiquette
A set of common-sense guidelines for not annoying others.

Network
A communications system that links two or more computers. It can be as simple as a cable strung between two computers a few feet apart or as complex as hundreds of thousands of computers around the world linked through fiber optic cables, phone lines and satellites.

Newbie
Somebody new to the Net. Sometimes used derogatorily by net veterans who have forgotten that, they, too, were once newbies. "Clueless newbie" is always derogatory.

NEOHREX
This is the main real estate Multiple Listing Service in Northeast Ohio. North East Ohio Real Estate EXchange - Multiple Listing Service.

- O -
Back to Top

Ohio Association of Realtors�

Offline
When your computer is not connected to a host system or the Net, you are offline.

Online
When your computer is connected to an online service, bulletin-board system or public-access site.

Organization
Something many people must not need.

- P -
Back to Top

Personal Referrals Only!

Protocol
The method used to transfer a file between a host system and your computer. There are several types, such as Kermit, YMODEM and ZMODEM.

Perplexed

Plus It

Property Make-Over
Extensive repairs, remodeling and improvements that transform a property.

- Q -
Back to Top

Quality

- R -
Back to Top

Radon
It is a gas that can heath problems.

Realtor�

Realtor.com
The largest source of real estate property listings on the web.

Reliable

ROTFL
Rolling on the Floor Laughing. How to respond to a particularly funny comment.

- S -
Back to Top

Savings
Something most people need more of when they want to buy a home.

Server
A computer that can distribute information or files automatically in response to specifically worded e-mail requests.

Show It
Do what you do so well that other people tell other people how well you do it

Snail mail
Mail that comes through a slot in your front door or a box mounted outside your house.

Spam
Message posted to numerous Usenet newsgroups to which it has absolutely no relevance (also a verb).

StoryBoarding
A creative and critical thinking, planning, organizational and communication system. Some credit the process to Disney.

Sysadmin
The system administrator; the person who runs a host system or public-access site.

- T -
Back to Top

Talent
Something too many of us take for granted.

TANSTAAFL
There Ain't No Such Thing as a Free Lunch.

TCP/IP
Transmission Control Protocol/Internet Protocol. The particular system for transferring information over a computer network that is at the heart of the Internet.

Time is of the Essence

Time Management

Truth in Lending Statement

- U -
Back to Top

Ubiquitous
Ever Present!

URL
Uniform Resource Locator. An address on the World Wide Web.

Unique

- V -
Back to Top

Values

Virtual

Virtual Office

- W -
Back to Top