Short Sales: A short sale is a sale of real estate in which the sale proceeds fall short of the balance owed on the property's loan. It often occurs when a borrower cannot pay the mortgage loan on their property, but the lender decides that selling the property at a moderate loss is better than pressing the borrower. Both parties consent to the short sale process, because it allows them to avoid foreclosure, which involves hefty fees for the bank and poorer credit report outcomes for the borrowers. This agreement, however, does not necessarily release the borrower from the obligation to pay the remaining balance of the loan, known as the deficiency.

Residential Resale: Traditional sale between Seller and Buyer

Commercial/ Industrial: Commercial real estate is any property owned to produce income. In its broadest definition, it includes apartment complexes and industrial real estate

Bulk/ Business Sale: The sale of all or a large part of a merchant's stock as well as equipment. This generally applies to retailers, restaurants, and other businesses with inventories.

Liquor License Transfers: Transfers license from Seller to new Buyer

Real Estate Owned (REO): Bank owned property- The Bank will sell the house directly to the Buyer

Mobile Home Sales: A manufactured home is a single-family house constructed entirely in a controlled factory environment, built to the federal Manufactured Home Construction and Safety Standards

Refinance: Finance (something) again, typically with a new loan at a lower rate of interest.

Investment Properties: Investment property is property (land or a building or part of a building or both) held (by the owner or by the lessee under a finance lease) to earn rentals or for capital appreciation or both.

Private Financing: Private Finance is a method of providing funds for major capital investments where private firms are contracted to complete and manage the projects. These contracts are typically given to construction firms and last a long time, sometimes up to 30 years. The public services are leased to the public and the government authority makes annual payments to the private company.

1031 Exchanges: 1031 Exchange refers to the section of the Internal Revenue Code Section that provides for the tax deferred exchange of real and personal property.

Multi-Unit Properties: Properties, such as apartments, duplexes and others that are constructed for use by multiple family groups. Condominiums are also considered multi-family properties for some purposes.

Probates: Probate is a legal process that takes place after someone’s death. It usually involves proving that the deceased's will is valid, identifying the deceased person's property and having it appraised, paying outstanding debts and taxes, and distributing the property per the will or state law.

Seller Carry Backs: Seller carry back refers a home financing method in which the seller of the property carries a second trust deed and note against the property.

All Inclusive Trust Deeds: An "AITD" (All Inclusive Trust Deed) transaction is a "Subject To" transaction in which the seller also carries back from the buyer a promissory note as part of the purchase price secured by a junior trust deed on the property.

For Sale By Owner: For Sale By Owner, or FSBO, is the process of selling real estate without the representation of a real estate broker or real estate agent

New Home: Newly built homes.