Property Types

Commercial Broker
A commercial broker is a real estate professional specializing in listing and selling commercial properties, such as shopping centers, office buildings, industrial complexes, and apartment projects. They differ from residential brokers primarily in the type of properties they handle.
Detached Housing Residential
Detached housing residential buildings are standalone dwelling units that are completely separated from adjacent residences, typically situated on individual lots.
Dwelling
A dwelling is any structure or place where people reside, such as apartments, hotels, mobile homes, nursing homes, and single-family houses.
PUD (Planned Unit Development)
A PUD or Planned Unit Development is a type of real estate development designed to maximize land use efficiency by integrating residential, commercial, and sometimes industrial units within a single community. PUDs often feature a variety of property types, such as single-family homes, townhomes, apartments, and commercial spaces, along with shared amenities and open spaces.
Real Estate Market
The real estate market consists of potential buyers and sellers of real property at any given moment, as well as the current transaction activity surrounding such properties. It encompasses various segments including housing, office spaces, condominiums, and land.
Row House
A row house is a type of residential structure featuring single-family dwelling units that are attached to one another by common walls and typically have a uniform appearance from the front. Row houses are often found in urban areas and offer economical use of land while maintaining some of the privacy and freedom of a detached house.
Tangible Property
Tangible property refers to physical assets that can be seen and touched. This includes real estate, personal property, and other valuables.
Villa
A villa traditionally refers to a Roman country house for the wealthy, but its modern interpretations include farmhouses, urban estates, and vacation homes situated in warm-weather destinations.

Real Estate Lexicon

With over 3,000 definitions (and 30,000 Quizes!), our Lexicon of Real Estate Terms equips buyers, sellers, and professionals with the knowledge needed to thrive in the real estate market. Empower your journey today!

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