What Is in Real Estate – Real Estate Terms, Meaning & Definitions Library

Find plain-English answers to common real estate terms. Each guide explains what it means, how it affects your sale, and the next steps for FSBO sellers.

📘 Available “What Is” Guides

Each article covers the definition, where it appears in a transaction, and FSBO tips.

  • MLS & Technology: MLS, IDX, Limited-Service MLS, Coming Soon listings
  • Contracts & Documents: Purchase agreement, escrow, HUD settlement statement, seller’s disclosure
  • Money & Timelines: Earnest money, closing costs, short sale basics, days on market (DOM)
  • Strategy & Players: FSBO, iBuyer, buyer’s agent commission, multiple offers

New terms are added regularly as the real estate market evolves. Bookmark this page to explore the latest “What Is” definitions from Brokerless and learn how each concept connects to the MLS process for FSBO sellers.

Title Author
What Is the Difference Between Real Property and Real Estate? Written by Brokerless.com
What Is a Tax Lien in Real Estate? Written by Brokerless.com
What Is a Title Company in Real Estate? Written by Brokerless.com
What Is a Lien in Real Estate? Written by Brokerless.com
What Is Greater Alabama MLS in Real Estate? Written by Brokerless.com
What Is MLS PIN in Real Estate? Written by Brokerless.com
What Is Smart MLS in Real Estate? Written by Brokerless.com
What Is GSMLS (Garden State MLS) in Real Estate? Written by Brokerless.com
What Is HAR MLS in Real Estate? Written by Brokerless.com
What Is NorCal MLS in Real Estate? Written by Brokerless.com
What Is MetroList MLS in Real Estate? Written by Brokerless.com
What Is a Loan Estimate in Real Estate? Written by Brokerless.com
What Is a Home Equity Line of Credit (HELOC) in Real Estate? Written by Brokerless.com
What Is a Second Mortgage or Home Equity Loan in Real Estate? Written by Brokerless.com
What Is a Balloon Mortgage in Real Estate? Written by Brokerless.com
What Is an Escrow Shortage or Surplus in a Mortgage? Written by Brokerless.com
What Is an Escrow Account in a Mortgage? Written by Brokerless.com
What Is Private Mortgage Insurance (PMI) in Real Estate? Written by Brokerless.com
What Is a Mortgage Servicer in Real Estate? Written by Brokerless.com
What Is a Mortgage Underwriter in Real Estate? Written by Brokerless.com
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