Construction Terms

Lets go over some basic construction terms that will come up in life and in could show up on your real estate exam.


“R” Value refers to the resistance to heat transmission. If, in extreme cold or hot weather, the temperature of the inside of an exterior wall is the same as the temperature of other interior walls the insulation is adequate.


Backfill is dirt and soil used to fill in a trench or excavation or to support a foundation.


Infill is the use of vacant land and property within a built-up area for further construction or development, especially as part of a neighborhood preservation or limited growth program.


Bearing Wall is a wall supporting any load in the vertical plane as well as its own weight. It is important in remodeling because it is the strongest member and is built at any angles to doors and windows.


Board-foot is a unit of measurement for lumber. One board-foot equals 144 cubic inches or 12" X 12" X 1


Flashing is a piece of sheet metal used in roofing to protect a structure from the seepage of water.


Footing is the concrete spreading at the foundation base.


Foundation Plans are diagrams the locations of the piers, footings, and sub-flooring under a structure.


Hip Roof is a roof having a slope on all four of its sides.


Gambrel roof is A roof that has two, differently angled slopes on each side of the peak, the upper slope being flatter while the lower slope is steeper.


Gable roof is a roof that consists of two sloping planes that meet at the ridge or peak. The planes are supported at their ends by triangular, upward extensions


Joist is one beam in a series of parallel beams that support the floor and ceiling.


Kiosk is a stand-alone information booth a shopping area or mall.


Plot Plan, also referred to as a Plot Map, this is a visual guide to the placement of improvements on a lot.


Ridge Board in a frame house is the highest structural point.


Conduit is a metal pipe that houses electrical wiring.


Introduction

Bundle of Rights  

License   

Government Rights  

Police Power   

Eminent domain   

Taxation   

Escheat   

Real vs Personal Property

Annexation   

Appurtenances   

Fixtures   

Trade Fixture   

Emblements   

    OR-EE Rule   

Estates

Freehold Estate   

Fee simple absolute   

Fee simple Defeasible   

Life estate   

Less than freehold estate   

Estate for Years   

Periodic Tenancy   

Estate at will   

Estate in sufferance   

Types of Leases   

Gross lease   

Net lease   

Percentage lease   

Lease option   

Property management

Contracts

Essentials of a valid contract   

Capable parties  

Lawful object   

Consideration   

Offer and acceptance   

Types of Contracts   

Valid, Void & Voidable Contracts   

Implied contract   

Bilateral & Unilateral contacts   

Executed & Executory   

Option contract   

Land Contract   

Listings   

Types of Listings contracts   

Exclusive Listing   

Exclusive Authorization and right to sell Listing   

Exclusive Agency Listing   

Open Listing   

Net Listing   

Listings with an option   

Multiple listing service   

Agency   

Universal agent   

General agent   

Special agent   

Attorney in fact   

Principal and Client   

Transaction broker   

Dual or limited agency   

Practice and disclosure   

Stigmatized property   

Puffing   

Fraud   

Actual fraud   

Negative fraud   

Constructive fraud   

Negligence   

Federal Law   

Truth in Lending   

Fair Housing   

Steering   

Blockbusting   

Sherman antitrust laws   

Easement   

Easement in gross   

Implied easement   

Prescriptive easement   

Termination of Easement   

Encroachment   

Zoning

Property Transfer

    Deeds   

    Wills   

Title   

Title insurance   

Forms of ownership   

Tenancy in common   

Joint tenancy   

Community property   

Trust   

Subdivisions   

Condominium   

Cooperative   

Time Shares   

Cluster housing   

Liens   

Appraisal   

Appraisal Principles   

Principle of Highest and Best Use   

Principle of Substitution   

Principle of Conformity   

Principle of Contribution   

Principle of change   

Market Value   

Steps in the appraisal   

Appraisal methodology   

Market data approach   

Capitalization (income) Approach   

Cap Rate   

Cost (replacement) approach   

Gross Rent Multipliers   

Depreciation   

Physical Deterioration   

Functional Obsolescence   

Economic Obsolescence   

Financing   

Lenders   

Primary mortgage   

FHA   

VA   

Types of Loans   

Loans clauses   

Investing   

Construction Terms   

Test Taking Tips