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
12 terms beginning with T
Showing 1 to 12
T
Mortgage brokerage
Table funding
A closing arrangement in which a loan is funded by an advance from another person and assigned at or around settlement, as defined by applicable lending rules.
Open term guideMunicipal government
Tax assessor
The local official responsible for valuing real property for assessment administration.
Open term guideIncome tax
Tax depreciation
A tax deduction that allocates the cost or other basis of qualifying property over a recovery period.
Open term guideTaxes and assessments
Tax levy
The total amount a taxing jurisdiction determines it must raise through property taxes.
Open term guideTaxes and assessments
Tax lien
A charge against property for unpaid property taxes.
Open term guideTaxes and assessments
Tax rate
The rate applied to taxable assessed value to calculate property tax for a jurisdiction.
Open term guideTaxes and assessments
Taxable assessed value
The portion of assessed value remaining after applicable exemptions for the tax being calculated.
Open term guideProperty rights and title
Tenancy by the entirety
A form of ownership available to married spouses that includes survivorship and protections tied to the marital unit.
Open term guideProperty rights and title
Tenancy in common
Concurrent ownership in which each co-owner holds an undivided interest without an automatic right of survivorship.
Open term guideProperty management
Tenant screening
A consistent process for evaluating rental applicants using lawful, relevant criteria.
Open term guideProperty rights and title
Title
The legal ownership interest in real property, together with the rights that ownership carries.
Open term guideProperty rights and title
Title insurance
Insurance that protects against covered title defects under the terms and exceptions of the policy.
Open term guide