Graduate Realtor® Institute
(GRI)
A designation issued by the National
Association of Realtors (NAR) to members who meet specific performance and
education requirements for residential real estate sales.graduated-payment mortgage
A mortgage that requires a borrower to make larger monthly payments
over the term of the loan. The payment is unusually low for the first few years
but gradually rises until year three or five, then remains
fixed.
granny flat
Slang
term for a separate unit in a house or above the garage, which in the past may
have been occupied by an elderly relative.grantee
A person to
whom an interest in a piece of property is conveyed.
grantor
The person
who conveys an interest in a piece of property to another
person.Greek Revival style
A
style introduced in the United States at the end of the 18th century. Its most
prominent feature is a pillar-anchored pediment forming a portico in the front
of the house.
greenbelt
Any
stretch of park, open space or other natural setting in a
community.gross income
The
total income of a household before taxes or expenses are
subtracted.
ground fault circuit interrupter
A device that detects leakage of electrical current to the ground
and prevents accidental shock.ground rent
The
amount of money paid for the use of a piece of property that is a leasehold
estate.
group home
A
single-family residence used as a living space for unrelated people who require
special care or supervision.grout
A type of
mortar used to fill areas between tiles, stone, or marble.
growing-equity mortgage
A fixed-rate mortgage that increases payments over a specific
period of time. The extra funds are applied to the principal.guarantee mortgage
A
loan guaranteed by a third party, such as a government
institution.
guaranteed sales program
A real estate brokerage program to purchase the seller's equity if
the property does not sell during a predetermined period of
time.gutters
Horizontal
channels installed at the edge of a roof to carry rainwater or melted snow away
from the house.
guy
A cable that
guides or holds something, such as an antenna. |
