article thumbnail

131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

Construction loan. Simply put, this measures the number of days a property is for sale, from the day it is listed on the multiple listing service (MLS) to the day a buyer and seller are under contract. Liens can come from unpaid mortgages, construction bills, even HOA fees. Multiple listing service (MLS). Contingency.