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Academy/ Real Estate Professionals/Glossary

Glossary for Real Estate Professionals.

Plain-language definitions of the terms you will meet.

Above-guideline rent increase — Treadstone Academy

Absorption rate, defined — Treadstone Academy

Administrative penalty, defined — Treadstone Academy

Agence immobilière, explained in English — Treadstone Academy

Amendment vs. mutual release — Treadstone Academy

Appraisal gap, defined — Treadstone Academy

As-is where-is, and what it doesn’t cover — Treadstone Academy

Assignment of an agreement of purchase — Treadstone Academy

Associate broker in Alberta, defined — Treadstone Academy

Assuming a mortgage: what it takes — Treadstone Academy

Back-up offer, defined — Treadstone Academy

Benchmark price vs average price — Treadstone Academy

Beneficial ownership, defined — Treadstone Academy

Bridge financing between two closings — Treadstone Academy

Broker of record: the name on the licence — Treadstone Academy

Broker price opinion vs an appraisal — Treadstone Academy

The cap on a commission plan — Treadstone Academy

Buyer representation agreement, defined — Treadstone Academy

Capitalization rate, defined — Treadstone Academy

Certificate of appointment of estate trustee — Treadstone Academy

Certificate of pending litigation, defined — Treadstone Academy

The Code of Ethics you are held to — Treadstone Academy

Commission split, explained — Treadstone Academy

Commission trust agreement, defined — Treadstone Academy

Common expenses, and what they exclude — Treadstone Academy

Comparative market analysis, defined — Treadstone Academy

Your compliance regime, defined — Treadstone Academy

Condition precedent, defined — Treadstone Academy

Conditionally sold vs firm sold — Treadstone Academy

The Condominium Authority Tribunal — Treadstone Academy

Consumer deposit insurance, explained — Treadstone Academy

A continuing education credit, defined — Treadstone Academy

Cooperating commission, defined — Treadstone Academy

Courtier immobilier: the Québec title — Treadstone Academy

Customer service agreement vs representation — Treadstone Academy

Days on market, and how boards count it — Treadstone Academy

Deceptive marketing practice — Treadstone Academy

Designated agent vs brokerage agency — Treadstone Academy

Designated representation, defined — Treadstone Academy

Desk fee, defined — Treadstone Academy

What a discipline decision actually is — Treadstone Academy

Dower rights in Alberta, and the consent they require — Treadstone Academy

Easement, defined for a listing agent — Treadstone Academy

Electronic signature: when it binds — Treadstone Academy

Encroachment: the fence over the line — Treadstone Academy

Errors and omissions insurance, plainly — Treadstone Academy

Escalation clause: why boards resist it — Treadstone Academy

The escape clause on a conditional sale — Treadstone Academy

Exclusive listing, defined — Treadstone Academy

Express consent under CASL — Treadstone Academy

Fee simple, defined — Treadstone Academy

Fiduciary duty: what it obliges you to do — Treadstone Academy

First-time buyer land transfer rebate — Treadstone Academy

Foreclosure in British Columbia, defined — Treadstone Academy

A geographic farm, defined — Treadstone Academy

Gross commission income, defined — Treadstone Academy

Gross rent multiplier, defined — Treadstone Academy

Former grow-op: the disclosure question — Treadstone Academy

GST/HST registrant: when you become one — Treadstone Academy

Hallucination in an AI draft — Treadstone Academy

The holdover clause, in plain terms — Treadstone Academy

Human in the loop, defined — Treadstone Academy

Implied consent and its two-year clock — Treadstone Academy

Independent contractor status, defined — Treadstone Academy

Informed consent in a representation choice — Treadstone Academy

Interim occupancy on a new condo — Treadstone Academy

Irrevocable date: the clock on an offer — Treadstone Academy

Joint tenancy and the right of survivorship — Treadstone Academy

Know your client, defined — Treadstone Academy

Land transfer tax, province by province — Treadstone Academy

Large cash transaction report — Treadstone Academy

Leasehold interest and its expiry date — Treadstone Academy

Limitation period on a real estate claim — Treadstone Academy

Lockbox and the showing log it creates — Treadstone Academy

Managing broker in British Columbia — Treadstone Academy

Material latent defect, defined — Treadstone Academy

Matrimonial home, and who must consent to sell it — Treadstone Academy

Meaningful consent under PIPEDA — Treadstone Academy

Minor variance, defined — Treadstone Academy

The MLS Home Price Index, explained — Treadstone Academy

Months of inventory, defined — Treadstone Academy

The motor vehicle log CRA expects — Treadstone Academy

Multiple representation and its limits — Treadstone Academy

The N12 notice, defined — Treadstone Academy

The National Do Not Call List — Treadstone Academy

New home HST rebate, defined — Treadstone Academy

Non-resident speculation tax — Treadstone Academy

Occupancy fee, and why it is not rent — Treadstone Academy

Parcel of tied land, defined — Treadstone Academy

Patent defect, and who must find it — Treadstone Academy

Personal information, as PIPEDA means it — Treadstone Academy

Personal real estate corporation, defined — Treadstone Academy

Politically exposed person, defined — Treadstone Academy

Power of sale, and what the buyer actually gets — Treadstone Academy

Pre-emptive offer, better known as a bully — Treadstone Academy

Pre-listing package, defined — Treadstone Academy

Principal residence exemption, and its real formula — Treadstone Academy

Property flipping rule, defined — Treadstone Academy

BC’s property transfer tax, defined — Treadstone Academy

Quick method of accounting, defined — Treadstone Academy

Real risk of significant harm — Treadstone Academy

Real property report and compliance stamp — Treadstone Academy

Receipt of funds record, defined — Treadstone Academy

Referral fee: who may legally receive one — Treadstone Academy

Registrant: the word RECO uses for you — Treadstone Academy

Your registration renewal cycle — Treadstone Academy

Remuneration disclosure, defined — Treadstone Academy

Rent-controlled unit, defined — Treadstone Academy

Requisition date, defined — Treadstone Academy

Reserve fund study, defined — Treadstone Academy

Restrictive covenant on title — Treadstone Academy

Grounding an AI answer in your own files — Treadstone Academy

Right of way, and how it binds a buyer — Treadstone Academy

Sale-to-list price ratio, what it signals — Treadstone Academy

Sales-to-new-listings ratio, defined — Treadstone Academy

Self-represented party: who they are — Treadstone Academy

Seller’s market vs. buyer’s market, by the numbers — Treadstone Academy

Seller net sheet, defined — Treadstone Academy

The SPIS, and why it’s optional — Treadstone Academy

Seller representation agreement, defined — Treadstone Academy

Severance consent on a split lot — Treadstone Academy

Special assessment: who is on the hook — Treadstone Academy

Sphere of influence, defined — Treadstone Academy

Statement of adjustments, defined — Treadstone Academy

Status certificate, defined — Treadstone Academy

Stigmatized property, defined — Treadstone Academy

Survey or title insurance: the trade-off — Treadstone Academy

Suspended, terminated or expired listing — Treadstone Academy

Suspicious transaction report, defined — Treadstone Academy

Synthetic media and when to label it — Treadstone Academy

T2125: the form your income lands on — Treadstone Academy

Tarion warranty coverage, defined — Treadstone Academy

Tax instalments, and why they start — Treadstone Academy

Tenants in common, defined — Treadstone Academy

Time is of the essence, and what it costs — Treadstone Academy

Title insurance, and who pays for it — Treadstone Academy

What a title search actually turns up — Treadstone Academy

Training data and what you feed a model — Treadstone Academy

Trust account: where a deposit actually sits — Treadstone Academy

Underground oil tank disclosure — Treadstone Academy

Underused housing tax, defined — Treadstone Academy

The unsubscribe mechanism CASL requires — Treadstone Academy

Vacant possession, defined — Treadstone Academy

Vendor take-back mortgage, defined — Treadstone Academy

Virtual office website and IDX — Treadstone Academy

Waiver vs notice of fulfilment — Treadstone Academy

Québec's welcome tax, defined — Treadstone Academy

Well and septic certification, defined — Treadstone Academy

TRESA: what changed for a registrant — Treadstone Academy

Writ of execution against a seller — Treadstone Academy