Real Estate Words is a website that features a dictionary of real estate terminology.

I found the definitions to be highly technical, and in many cases vague. I suppose the definitions are correct, but in a practical sense, not very helpful. For example, consider the definitions of "real estate agent" and "real estate broker"...

Real estate agent - A generic term pointing to a person licensed by a state who holds either a real estate broker or real estate salesperson license who assists people to buy, sell, rent or lease, manage, finance or value real estate for some type of anticipated compensation.

Real estate broker - A person or other legally-licensed entity by a state holding a real estate broker license who assists people to buy, sell, rent or lease, manage, finance or value real estate for some type of anticipated compensation.

In the technical sense, these definitions are correct, but they don't explain the practical meanings.

Real Estate Words is a free service of Realty U, a company that provides training to real estate professionals.