Glossary of Real Estate Terms - Terms

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Back fill

Back title letter

Back-to-back escrow

Backup offer

Backwater valve

Balance sheet

Balloon-frame construction

Balloon loan

Balloon payment

Balustrade

Bankruptcy

Bargain sale

Baseboard

Baseboard electric heat

Basement

Basis Point

Bay

Bay window

Bearing wall

Beneficiary

Before-tax income

Bequest

Betterment

Bidding war

Bilateral contract

Bill of sale

Binder

Biweekly mortgage

Blanket insurance policy

Blanket mortgage

Blighted area

Blind nailing

Blue-ribbon condition

Blue sky laws

Board-and-batten siding

Board foot

Board of Equalization

Boilerplate

Bona fide

Bond

Book value

Boring test

Borough

Borrow

Borrow pit

Boulevard

Boundary

Braced framing

Breach of contract

Breach of covenant

Breach of warranty

Break-even point

Breast height

Breezeway

Brick

Bridge loan

Brokerage

Broker

Broom clean

Brownstone

Buffer strip

Building and loan association

Building code

Building inspector

Building moratorium

Building paper

Building permit

Builder upgrades

Building line or setback

Building restrictions

Built-ins

Bulkhead

Bundle of rights

Bungalow

Butterfly roof

Buy-down mortgage

Buyer broker

Buyer's market

Buyer's remorse

Bylaws