Full disclosure: I used to read the dictionary as a kid. For fun. That said, I recently received the eighth edition of Barron’s Real Estate Handbook, and I’ve been paging through it whenever I get the chance.
It’s basically a real estate dictionary on steroids. Not only does it have some unconventional definitions and explanations of how each term relates to real estate (i.e.: Baby Boomers, etc.), but most of their more complex definitions include concrete examples explaining how a real estate term works in real life. They include helpful hints for running one’s business, such as the typical fees for a management agreement. And the index is filled with practical mathematical tables that can help you figure out depreciation, monthly mortgage payments by annual interest rate percentage, and many other common real estate equations. Finally, the worksheets and forms at the end are very helpful, with certain forms offering a URL where you can find a printable version of the form online.
But as a word nerd, my favorite thing to do with this book was to challenge my real estate vocabulary with some of the more esoteric terms out there. So, I thought I’d put together a quick quiz for those of you who want to do the same. Try it out and let me know your score in the comment section below!