Another term for a production home, a mass-produced house constructed by one builder in a project. …
Trade Equity
Other real estate or assets that a buyer gives to a seller as part of the down payment. …
Trading Down
Buying a home that is less expensive than the one's current house. …
Toilet Seal
A gasket that seals the joint between the bottom of a toilet and the drain piping. This prevents water leakage and the escape of sewer gases. …
Tongue and Groove
Lumber with a small groove down one side of each board and a protruding piece (tongue) on the other side that fits into the groove when the boards are installed. …
Top Producer
A real state industry term that refers to agents and brokers who sell a high volume of homes. …