Addenda (Addendum):  An attachment to the Purchase & Sale Agreement stating additional terms.
Agency:  The relationship that a real estate agent has with a customer or client.
Buyer's Agent :  An agent who represents the buyer in a transaction.
CMA:  Comparable Market Analysis, or an opinion of a home’s value.
Comps:  Properties used as” comparables” on a CMA.
Disclosure:  Verbal and/or written communication regarding agency, property condition, etc.
Down payment:  Initial investment on a home loan.
EMD:  Earnest money deposit, or good faith deposit provided as consideration when a buyer offers a contract to a seller.
Escrow:  Independent depository institution .
FHA:  A type of loan, government insured financing.
Key box:  MLS electronic key which allows agents access to listed properties.
List (Listing):  When a seller signs a listing agreement with a broker to market their property.
Lock-box:  Another term for a key box.
Lock-in:  A term to obtain the interest rate at today’s rate, or lock-in
the rate.
MLS:  Multiple Listing Service. An organization that distributes information on properties listed by MLS member brokers.
Property Profile:  An informational/fact sheet about a property on the market.
Purchase and Sale Agreement:  A contract between a buyer and a seller to purchase real property.
Title: Company or document for providing real estate terms.
Transaction:  A listing sold or the sale of real property.
VA: A type of loan, government guaranteed financing available to military veterans.