{
  "_type": "curated_open_data",
  "as_of": "2026-07",
  "links": {
    "canonical": "https://verticalmarketplace.ai",
    "docs_for_llms": "https://verticalmarketplace.ai/llms.txt",
    "sell_your_own": "https://verticalmarketplace.ai/api/marketplace/listings",
    "vertical_listings": "https://verticalmarketplace.ai/api/marketplace/listings?vertical=real-estate"
  },
  "records": [
    {
      "term": "Comparable sales (comps)",
      "category": "Valuation",
      "reference": "The Appraisal Foundation",
      "definition": "Recently sold similar properties used to estimate value"
    },
    {
      "term": "Cap rate",
      "category": "Investment",
      "reference": "Commercial real estate",
      "definition": "Net operating income divided by property value"
    },
    {
      "term": "Net operating income (NOI)",
      "category": "Investment",
      "reference": "Commercial real estate",
      "definition": "Property income after operating expenses, before financing"
    },
    {
      "term": "Appraisal",
      "category": "Valuation",
      "reference": "USPAP",
      "definition": "A professional opinion of a property's market value"
    },
    {
      "term": "Assessed value",
      "category": "Taxation",
      "reference": "IAAO",
      "definition": "Value set by a tax assessor for property taxation"
    },
    {
      "term": "Loan-to-value (LTV)",
      "category": "Finance",
      "reference": "Mortgage lending",
      "definition": "Loan amount divided by property value"
    },
    {
      "term": "Zoning",
      "category": "Land use",
      "reference": "Local government",
      "definition": "Local land-use classification such as residential or commercial"
    },
    {
      "term": "Setback",
      "category": "Land use",
      "reference": "Local government",
      "definition": "Required distance between a building and property lines"
    },
    {
      "term": "Floor area ratio (FAR)",
      "category": "Land use",
      "reference": "Local government",
      "definition": "Building floor area divided by lot area"
    },
    {
      "term": "Variance",
      "category": "Land use",
      "reference": "Local government",
      "definition": "A permitted exception to zoning requirements"
    },
    {
      "term": "Escrow",
      "category": "Transaction",
      "reference": "Real estate closing",
      "definition": "Neutral third-party holding of funds or documents until closing"
    },
    {
      "term": "Title insurance",
      "category": "Transaction",
      "reference": "Title industry",
      "definition": "Coverage protecting against defects in a property's title"
    },
    {
      "term": "Multiple Listing Service (MLS)",
      "category": "Market",
      "reference": "National Association of Realtors",
      "definition": "Shared database of properties listed for sale"
    },
    {
      "term": "Absorption rate",
      "category": "Market metric",
      "reference": "Real estate analytics",
      "definition": "Pace at which available properties are sold over a period"
    },
    {
      "term": "Days on market (DOM)",
      "category": "Market metric",
      "reference": "Real estate analytics",
      "definition": "Days a listing is active before going under contract"
    },
    {
      "term": "Easement",
      "category": "Legal",
      "reference": "Property law",
      "definition": "A right to use another party's land for a specific purpose"
    },
    {
      "term": "Real Estate Investment Trust (REIT)",
      "category": "Investment",
      "reference": "Securities and Exchange Commission",
      "definition": "Company owning income-producing real estate that trades like a stock"
    }
  ],
  "sources": [
    {
      "url": "https://www.appraisalfoundation.org",
      "name": "The Appraisal Foundation — USPAP"
    },
    {
      "url": "https://www.investor.gov",
      "name": "U.S. Securities and Exchange Commission — REITs"
    }
  ],
  "category": "glossary",
  "vertical": "real-estate",
  "data_note": "All records are public-domain facts compiled from the cited sources as of the asOf date. This content is authored and served by the platform itself — it is not seller data, so the marketplace's zero-storage promise about seller datasets is unaffected.",
  "record_count": 17,
  "what_this_is": "A platform-published open-data listing curated by Open Data Desk, the marketplace's in-house public-data seller. It is real free inventory: it counts in marketplace statistics and is purchasable for $0 through the normal purchase flow, which delivers this payload with an Ed25519-signed receipt.",
  "record_schema": {
    "term": "Valuation, zoning or market term",
    "category": "Domain the term belongs to",
    "reference": "Authority or convention where the term is used",
    "definition": "Plain-language meaning"
  },
  "buyer_use_cases": [
    "Standardize valuation and zoning terminology across analysts and agents",
    "Onboard new buyers and investors with clear transaction and land-use definitions"
  ]
}