New York real estate glossary
Know the term. Understand the rule.
Search 189 exam terms from all 19 New York salesperson curriculum subjects. Every definition opens into a sourced guide with an exam cue, a practical example and the distinction students often miss.
How to use this glossary
Read the short definition first. Then open the term for the exam pattern, New York example and common mix-up.
Filter by topic All 19 topics
8 terms beginning with D
Showing 1 to 8
D
Real estate finance
Debt service
The scheduled principal and interest payments required on debt for a stated period.
Open term guideProperty insurance
Deductible
The portion of a covered loss the insured must bear before the insurer's payment is calculated under the policy.
Open term guideProperty rights and title
Deed
A written instrument used to transfer an interest in real property.
Open term guideValuation
Depreciation
A loss in property value from physical deterioration, functional obsolescence or external obsolescence in appraisal.
Open term guideIncome tax
Depreciation recapture
Tax treatment that can recharacterize or specially tax part of gain tied to prior depreciation deductions.
Open term guideAgency
Designated sales agent
A sales agent appointed within a disclosed dual agency arrangement to advocate for one principal in negotiations.
Open term guideFair housing
Disparate treatment
Intentional or differential treatment of people because of a protected characteristic.
Open term guideAgency
Dual agency
Representation of both sides in the same transaction by the same broker, with the required informed consent.
Open term guide