NY REAL ESTATE EXAM GLOSSARY
Questions and Answers Latest Versions 2025
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Amortization
Schedule (Ans-
A table or chart that shows the periodic payments, interest and
principal requirements, and unpaid loan balance for each period
of the life of a loan.
Amortiz
e (Ans-
To calculate payments to pay off a debt by periodic installments,
with payments going to pay principal and interest.
Amortized
Loan (Ans-
Loan where payments are applied to principal and interest.
Compare: Fully Amortized, Partially Amortized Loan.
Amperage
(Ans- Amount of electricity going through electric wires,
measured in amps.
,Anchor Tenant
(Ans- A major department or chain store strategically located
within a shopping center to give maximum exposure to smaller
satellite stores.
Annexation
(Ans- Attaching personal property to land so that the law views
it as part of the real property. See: Fixture.
Annexation, Actual
(Ans- A physical attachment of personal property to land. See:
Fixture.
Annexation, Constructive
(Ans- When personal property is associated with real property
in such a way that the law treats it as a fixture, even if it's not
physically attached to the real property.
Annexer
(Ans- Person who owns an item as personal property and brings
it onto real property, making it a part of the real property.
,Annual Percentage Rate (APR)
, (Ans- Relationship between the cost of borrowing and the total
amount financed, represented as a percentage.
Anticipation
(Ans- An economic theory that says value is created by
expectation of future benefits.
Anticipatory Repudiation
(Ans- When one party to a contract informs the other before
the time set for performance that he or she does not intend to
perform as
agreed. See: Tender.
Antitrust
(Ans- Federal laws concerned with maintaining fair competition
in private markets by prohibiting any restraint on trade.
Apartment Information Vendor
(Ans- Someone who, for a fee, furnishes information concerning
the location and availability of residential rental property.
Apartment Sharing Agent
Questions and Answers Latest Versions 2025
Top Rated A+
Amortization
Schedule (Ans-
A table or chart that shows the periodic payments, interest and
principal requirements, and unpaid loan balance for each period
of the life of a loan.
Amortiz
e (Ans-
To calculate payments to pay off a debt by periodic installments,
with payments going to pay principal and interest.
Amortized
Loan (Ans-
Loan where payments are applied to principal and interest.
Compare: Fully Amortized, Partially Amortized Loan.
Amperage
(Ans- Amount of electricity going through electric wires,
measured in amps.
,Anchor Tenant
(Ans- A major department or chain store strategically located
within a shopping center to give maximum exposure to smaller
satellite stores.
Annexation
(Ans- Attaching personal property to land so that the law views
it as part of the real property. See: Fixture.
Annexation, Actual
(Ans- A physical attachment of personal property to land. See:
Fixture.
Annexation, Constructive
(Ans- When personal property is associated with real property
in such a way that the law treats it as a fixture, even if it's not
physically attached to the real property.
Annexer
(Ans- Person who owns an item as personal property and brings
it onto real property, making it a part of the real property.
,Annual Percentage Rate (APR)
, (Ans- Relationship between the cost of borrowing and the total
amount financed, represented as a percentage.
Anticipation
(Ans- An economic theory that says value is created by
expectation of future benefits.
Anticipatory Repudiation
(Ans- When one party to a contract informs the other before
the time set for performance that he or she does not intend to
perform as
agreed. See: Tender.
Antitrust
(Ans- Federal laws concerned with maintaining fair competition
in private markets by prohibiting any restraint on trade.
Apartment Information Vendor
(Ans- Someone who, for a fee, furnishes information concerning
the location and availability of residential rental property.
Apartment Sharing Agent
