What Is in Real Estate — 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.