Real Estate Terms S

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Sale Price - The actual price paid for a piece of property.

Seller - The owner of the property that has signed a listing contract.

Showing - The touring of a property by a buyers agent or a prospective buyer(s).

Special Assessment - An additional fee charged to an owner of a condo or co-op unit, usually used for the improvement of the facility, i.e. replacing the roof of the building.

Sub-agent - A Realtor® or real estate agent authorized by the listing agent to assist in transacting the affairs of the client with their consent.

Supra Key - An electronic keypad key used to open electronic lockboxes housing the key to a listed property.  Some listings in the MLS have electronic lockboxes.  Only Realtors® will have access to these properties.

Survey - The measurement of land and any buildings upon it.

Syndicate - An group of individuals formed as a LLC or joint venture for the purpose of owning, operating and managing large pieces of property for the mutual benefit of all.