A to Z · 1055 Terms

Real estate & finance, demystified.

The jargon can be exhausting. Here’s a plain-English glossary covering real estate, lending, investment, and the business-finance ecosystem that surrounds them.

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Arizona Real Estate Law

Cancellation Notice (AAR)

The standard AAR form for canceling a residential purchase contract per its terms.

Underwriting & Metrics

Back-End DTI

Total monthly debt payments (housing + other) divided by gross monthly income.

Mortgage Securitization

B-Piece Buyer

An investor purchasing the riskiest tranche of a CMBS deal, getting rights to influence underwriting.

Arizona Real Estate Law

AAR

Arizona Association of REALTORS® — provides the standard contract forms used in most AZ transactions.

Arizona Real Estate Law

A.R.S. Title 32 Chapter 20

The Arizona Revised Statutes chapter that governs real estate licensing, transactions, and disclosures.